Trade of the Week
Quick Weekly Option Trade Setup in Powerhouse Semi
Arm Holdings (ARM) shares are coiling in a tight bollinger band squeeze and a name with a lot of bullish gamma contining in the March 28th expiration as the stock formed small range inside day candle on Friday setting up a potential expplosive move back to the upper...
ETF Sector Corner: MedTech Group Continues Strong Trend into Bullish Calendar Months
iShares U.S. Medical Devices ETF (IHI) – This ETF focuses in on an interesting and often forgotten segment of the health care industry, the medical device makers. Companies in this segment tend to have more stable revenue streams, less issues with patent pipelines,...
Bull Put Spreads in Casino and Resort Name Back Near Large Support
Wynn Resorts (WYNN) has been pulling back to a large cluster of support just under the 100 round number level which lines up with the YTD VWAP and 55-day MA at 99 while the 200 day MA just below at 96.65. The past month’s consolidation since its strong earnings gap up...
Quick Weekly Option Trade in Industrial with Bull Flag Setup
General Electric (GE) shares of the industrial name have been on quite the ramp higher this year and formed a inside week candle last week showing pause at this 8 EMA support zone near 165. The stock sets up nice for a quick continuation move potentially if can clear...
ETF Sector Corner: Agriculture Group Basing Ahead of Seasonally Bullish Time
VanEck Agribusiness ETF (MOO) – This ETF gives investors worldwide exposure to a basket of equities that are involved in the agriculture business. MOO’s holdings are primarily in developed regions, although the fund still has emerging market exposure in Brazil,...
Bull Put Spreads in Video Game Leader Back at Large Support
Take Two Interactive (TTWO) has been pulling back to its 55-week MA at 142 and a strong level that lines up with the gap from last November. TTWO also has a large 2023 POC of volume support near 138 below here so could test that level still but overall looking like a...
Bullish Earnings Drift Setup in Surprising PC Name
Dell (DELL) shares are forming a bull flag in a classic post earnings drift move after the large gap up to highs and seeing very bullish options flows position for continuation higher. Pulling back into the rising 8 day MA at 113 is a buyable dip level while a...
ETF Sector Corner: Utility Group Building Basing Pattern into Strong Seasonality
Utilities Select Sector SPDR Fund (XLU) – This Sector SPDR is one of the most popular options for investors looking to gain exposure to the U.S. utilities sector, a corner of the domestic stock market known for relatively low volatility and relatively high...
Bull Put Spreads in Tech and Smartphone Leader Back at Large Support Forming Wedge
Apple (AAPL) has been dipping back into its 61.8% Fibonacci retracement support of 178.65 and now quite oversold as sentiment in the name gets bearish. Many expect this to breakdown and lead market lower, which while is possible is also not the likely path. Money...
Tech Giant Forms High Tight Flag with Bullish Gamma
Microsoft (MSFT) shares closed the week strong just above its new monthly value area resistance of 412.50 so holding above that can see a breakout to fresh highs as bullish gamma is in the name for this week and likely next with March OPEX nearing. The name has held...