Trade of the Week
Bull Put Spreads in Business Software Growth Name Back at Support
Workday (WDAY) has pulled back to key support near the 200 day EMA at 250 and lines up with one year VWAP and point of control on the volume profile. MACD is crossing bullish this week and looks to have formed a nice floor near this 245-250 zone with upside on a...
ETF Sector Corner: Cyber Security Group Continues to Uptrend into Seasonal Strength
First Trust NASDAQ Cybersecurity ETF (CIBR)- This ETF tracks an index of companies engaged in the cybersecurity segment of the tech and industrial sectors. To make the cut, a company must be classified as a cybersecurity company by the Consumer Technology Association...
ETF Sector Corner: Communications Group Ready to Run Higher After Pullback to Support
Communication Services Select Sector SPDR Fund (XLC)- Investors looking for broad-based exposure to companies like Facebook, Twitter, Netflix and Google-parent Alphabet will find those stocks in XLC. The fund was created in 2018 in response to a worldwide change in...
Bull Put Spreads in Cloud Based Advertising Leader Seeing Opening Put Sales
Trade Desk (TTD) has pulled back to key support near 120 and started to rebound higher with markets as it also triggers a bullish MACD crossover and closed Friday back over the 8 and 21 EMA’s. A move higher now can target 130-135 but an ideal way to play a higher...
Chip Giant with Relative Strength Sets up Quick Weekly Option Trade
Broadcom (AVGO) shares of the chip name have stayed strong relative to the market and sector since its blowout earnings report in mid December produced an earnings drift effect and since has now formed a bull flag near highs looking poised to breakout higher as...
ETF Sector Corner: MedTech Group Poised for Rotations into Bullish Seasonality
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, and...
Bull Put Spreads in Weight Loss Pharma Leader Coming off Pullback Lows
Eli Lilly (LLY) has started to rebound from its late 2024 correction that found support right near the one year value area low of 725 and has since bounced back to 800 quickly and actually closed at the highs of the week last Friday showing some bullish relative...
Quick Flag Breakout Trade for Aerospace Name Rebounding
Boeing (BA) shares have quietly rallied back over 170 the past few months since the November lows were put in following a notable increase in bullish flows in October and now has formed a bull flag just above the 200 day MA and closed green on Friday with a bull...
ETF Sector Corner: Growth Technology Fund Continues to See Dips Bought
Invesco Technology Momentum ETF (PTF)- This ETF is comprised of stocks of various companies based in the technology sector of the market. PTF invests all of its assets in domestic securities, and its top holdings feature some of the biggest names in the tech sector,...
Bull Put Spreads in Software Leader After Pullback to Support
Datadog (DDOG) has pulled back to its rising 55 day MA near 142 after the strong breakout in November reached 170 and now back at an optimal level to sell bull put spreads for at least a rebound back to 155 being likely if not higher. Options flows have several large...