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3 New Picks
I primarily trade options, but there are a few spots where I’m willing to take assignment, or just outright buy shares of a company. We’ve got two of those to look at tonight and a third that I’ll more likely look at an options play on.
The Buy in Grains is Closing In.
The uptrend in Corn and Soybeans continues to organize and the setup relies on the basics of knowing when to buy and not buy in a trend.
Start or End of a Pullback?
In this video, we talk about the sell-off from the all time high and where we might go from here.
I know guac is extra!
When news of the Mexican tariffs hit, CMG took a nosedive with headlines that the cost of avocados would hit CMG. Now we’re a stone’s throw from lifetime highs, and this is a great example of why I prefer to focus on technical setups.
2X Moves and Relative Performance Leaders.
The NASDAQ got hit like the rest of the market on a rate cut tantrum… MSFT moved twice its normal price movement range and the NQ pulled back to a key moving average. Here are the setups that triggered and how.
Shining Star in the Night
In the semi space, we can see that SMH is running into resistance; however, the shining star is AMD. AMD not only has a backtested history of being a strong buy on the dip, but it also has a history of running into earnings. After the recent pullback, I’m looking at it for a buy.
Crude and Copper Retracements.
Both these markets are still in a bearish trend. The current retracements are setting up continuation plays in both.
Expiration Premiums
Witching expiration generally offers some good opportunity for short volatility trades, and this series was no exception. Let’s look at some of the characteristics or the best short term plays for the past 4 days.
