This was truly a unique week in the markets, as it was the worst week in the markets this year. Hard to avoid the drama. Semi’s have continued to get hit and after what turned out to be some “false positives” for the bulls this week, we are actually closing below the 50sma. A rough week for sure, but I still have a bullish bias towards AMD and INTC.
This is a bullish trade in SPLK based on a squeeze on the 3 day chart. Challenge: Assuming a target of $150, what is the lowest risk, highest reward, decent probability option structure we can come up with?
In today’s trade of the week, I look at both NFLX and PINS as two stock plays I’m adding to my long-term stock account for Leo. Check out the parameters of the trades and why I’m adding them now.
Let’s look at this pullback in XBI. We need to stalk this for a buy trigger before entering!
There’s too much bad news in the stock, so I want to take advantage of potential downside. I’m going to short BA with a put debit spread.
I don’t love buying when markets gap up on a Monday, but PCAR has a decent pattern on the daily chart and we may see some additional upside over the next 46 days.
Get Long Energies. Starting with a bullish bias in Crude Oil, I have been looking for other names to piggyback this ongoing long position in the commodities space. Today, with a slight pullback in crude, the XLE (Energy ETF) is pulling back, as well as PSX and CVX. This is a bit of a choose your own adventure trade of the week. This is how I trade: Find a main theme and market, then look for coordinating markets to also play within that theme. These are all trends, so this is also a trend-following play: Long XLE. Long PSX. Long CVX from slightly deeper pullbacks into their respective support zones.
For the Trade of the Week, I take a look at Disney on multiple time frames with focus on the weekly setup.
With monthly and quadruple witching upon us, I’m looking for FB to either pin at 170 or close above that level. This is the put credit spread I’m putting on to participate in that probability.
Carolyn spies a two-step in the TLT. She is waiting for a trigger to enter the trade.