Bitcoincharts

[#956|+121|66] Bitcoin Chart Technical Analysis - 06.01.2017 {2HR} *Bullish Tendency to Diverge on Ath* [/r/Bitcoin]

submitted by FrontpageWatch to longtail [link] [comments]

[#671|+122|66] Bitcoin Chart Technical Analysis - 06.01.2017 {2HR} *Bullish Tendency to Diverge on Ath* [/r/Bitcoin]

[#671|+122|66] Bitcoin Chart Technical Analysis - 06.01.2017 {2HR} *Bullish Tendency to Diverge on Ath* [/Bitcoin] submitted by underpopular to underpopular [link] [comments]

Bitcoin Cash gained 11.66% today and is leading the charts!

Bitcoin Cash gained 11.66% today and is leading the charts! submitted by AttackBody to btc [link] [comments]

/r/Bitcoin locks "Bitcoin Chart Technical Analysis - 06.01.2017 {2HR} *Bullish Tendency to Diverge on Ath*" (+110) (66 comments)

https://reddit.com/bitcoin/comments/6eve8b
https://r.go1dfish.me/bitcoin/comments/6eve8b/
submitted by classicreddit_bot to Openandgenuine [link] [comments]

COVID

For Trading October 27th
Housing Numbers Missed
COVID, COVID, COVID!
Today’s market could have been worse, but I’m not sure how! Prices weakened overnight and then the news only got uglier as the morning progressed. Housing data took a turn for the worse and the selloff just accelerated with the DJIA hitting the low -965 around 1:45, but the bounce was nothing to write home about. We finished -650.19 (2.29%), NASDAQ -189.34 (1.64%), S&P 500 -64.42 (1.8%), the Russell -35.29 (2.15%) and the DJ Transports -275.32 (2.32%) the worst index, but not by enough to make a difference. Housing numbers (new home sales) was not only a disappointment on a month/month basis, but we also had a meaningful restatement of last month’s number from 1,011,000 to 994,000. This month we were expecting 1,022,000 and got 959,000. Tomorrow we have Durable goods, Consumer confidence, NAHB housing prices and Case-Shiller for August.
Our “open forum” on Discord, which allows you to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 3000 members.
Last week’s interview with Joe Moscato, CEO of GNBT is available today at https://youtu.be/rJBtqC75g3A It’s a great story and this stock (I believe) won’t stay at these levels once there is a wider understanding of what this company actually has going for it!!
Tonight’s closing comment video: https://youtu.be/4O9B_KkQ3Ao
SECTORS: Earnings was the big mover today for SAP. The German digital enterprise software company said that Covid-19 has hurt business and will continue to weigh on profits through the first half of 2021. Early, the stock was trading around $118 -31 and it only got worse closing $115.02 -34.66 (23%). It sent the group lower across all markets in all locations. In other news, Dunkin Brands (DKNK) is reportedly in talks to go private again, this time with Inspire Brands, owner of Arby’s, Buffalo Wild Wings, and Jimmy Johns chains. The number being talked about is $105.00 and after hitting 105.50 in premarket it settled back to finish the day $103.00+ 14.21 (16%). Alibaba Group was one of the few mega-cap names to not get too badly hurt, possibly due to the coming IPO in Hong Kong of ANT Group, a fintech company due to raise over $35 Billion in the largest IPO in history. BABA is a major investor in ANT.
New Group: AIR & CRUISE LINES were LOWER with CCL -1.33, RCL -5.37, NCLH -1.47, AAL -.76, DAL -2.10, LUV -1.62, UAL -2.72, HA -.99, ALK -3.07 and XTN $61.04 -1.97 (3.13%).
FOOD SUPPLY CHAIN was LOWER with TSN -2.45, BGA +1.32, FLO -.10, CPB -.26, CAG -.03, MDLZ -1.13, KHC -.79, CALM -.78, JJSF -1.04, SAFM -5.23, HRL -.16, SJM -.44, PPC -.55, KR +.40, and a new addition ACI +.01, and PBJ $33.75 -.48 (1.38%).
BIO-PHARMA: was LOWER with BIIB -8.24, ABBV -.34, REGN +5.19, ISRG -23.71, GILD -.94, MYL -.47, TEVA -.20, VRTX -4.43, BHC -.53, INCY +.75, ICPT -.50, LABU -2.49, and IBB $135.11 -1.38 (1.01%).
CANNABIS: was LOWER with TLRY -.79, CGC -1.19, CRON -.28, GWPH -2.87, ACB -.27, CURLF -.65, KERN -.36, and MJ $11.09 -.41 (3.57%).
DEFENSE was LOWER with LMT -5.83, GD -2.30, TXT -1.18, NOC +1.57, BWXT -1.01, TDY -13.77, RTX -2.07, and ITA $160.43 -4.41 (2.67%).
RETAIL: was LOWER with M -.49, JWN -1.03, KSS -1.08, DDS -.10, WMT -1.36, TGT -2.26, TJX -2.02, RL -2.29, UAA -.83, LULU -2.15, TPR -.43, CPRI -.16, and a new addition GPS -.63, and XRT $53.05 -1.39 (2.55%).
MEGA-CAP & FAANG were LOWER with GOOGL -48.80, AMZN +5.60, AAPL -.18, FB -7.59, NFLX -.28, NVDA -18.58, TSLA -4.13, BABA -2.87, BIDU -.98, CMG -29.08, CRM -8.52, BA -7.26, CAT -5.69, DIS -4.23 and XLK $115.87 -2.57 (2.17%). PLEASE BE AWARE THAT THESE PRICES ARE LATE MARKET QUOTES AND DO NOT REPRESENT THE 4:00 CLOSES.
FINANCIALS were LOWER with GS -3.94, JPM -2.58, BAC -.43, MS -1.53, C -.64, PNC -3.31, AIG +.95, TRV -4.43, V -4.76, and XLF $24.68 -.57 (2.26%).
OIL, $38.56 – 1.29, Oil has been locked into the current range and tried to break in either direction without success. Last week I said, “While I think it may resolve to the downside, I am not taking any new positions.” The stocks were lower today even though there has been a pickup in M&A activity in the group. XLE finished $29.30 -1.09 (3.59%).
GOLD $1,905.70 +.50 opened LOWER and managed to rally while the market for stocks sold off. There were several “unusual options action” looking for another 10-12% on the upside before year end.
BITCOIN: closed $13,045 +75. After breaking out over $10,000 we have had a “running correction” pushing prices toward $12,000, reaching a recovery high of $12220 Thursday, and after a day of rest in between, we resumed the rally touching $12,635, but have sold off back to support. We had 750 shares of GBTC and sold off 250 last week at $13.93 and 250 today @$14.19, and we still have 250 with a cost of $8.45. GBTC closed $14.30 -.06 today.
Tomorrow is another day.
CAM
submitted by Dashover to OptionsOnly [link] [comments]

SNAP Flies

For Trading October 21st
IBM & NFLX TANK, SNAP FLIES UP
An Unimpressive Outing for Indexes
Today’s market was another reversal of fortune after an up open and a high +379, we fell all the way back to close +113.37 (.40%), NASDAQ was +153 but finished +37.61 (.33%) and the rest followed the pattern with S&P 500 +16.20 (.47%), the Russell +4.08 (.25%) and the biggest gainer, DJ Transports +152.21 (1.3%). Internals were just okay with NYSE 2:1 up and NAZ just 6:5. Volume was average. The DJIA was 24 up, 6 lower, with the biggest changes from IBM -54 DP’s and TRV +40DP’s. Aside from IBM there were no other double-digit losers and all the rest of the double-digit gainers were up less than 20 points.
Our “open forum” on Discord, which allows you to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 3000 members. I also returned to my radio show today with a great live interview with the Chief Medical Officer of JANONE (JAN) and it was a great show. This is the link to the audio recording including my discussion of the market and the very exciting story of JAN’s phenomenal NON-OPIOID Pain Med! This is the link: https://www.youtube.com/watch?v=oCFCxnijFO4 Enjoy!!
Yesterday’s interview with Joe Moscato, CEO of GNBT is available today at https://youtu.be/rJBtqC75g3A It’s a great story and this stock (I believe) won’t stay at these levels once there is a wider understanding of what this company actually has going for it!!
Tonight’s closing comment video: https://youtu.be/UYkje0_lqQo
SECTORS: Earnings were the big mover today with the aforementioned IBM miss that took the stock down last night and into the open, but that was just a warmup. By the end of the day Big Blue was pounded for a low of 116.84 and a close not much higher at $117.45 -8.07 (8.07%). Netflix (NFLX) also missed and after closing $525.42 -5.30, it plummeted to $486 and the last is $493.90 -37.03 (6.98%). The decline from the new all-time high of $572.49 just last Wednesday is just under 14%.
The big winner so far is SNAP with a surprise beat that sent the stock to a new all-time high at $35.57 and a last of $34.89 +6.23 or 21.67% on the day. And the HOMERUN OF THE DAY goes to Astrotech, ASTC, who signed an agreement to produce a “breath” test for Covid-19. The stock has been reversed twice in the past 12 years both 1:10 and 1:5 giving it an adjusted high of $800 and a close today of $1.69, but after the announcement of the joint venture with Cleveland Clinic the stock has been on a tear to a high of $6.90 and the last of $6.72 +5.01 (300%). Tomorrow ought to be interesting once the RH traders get a hold of it!
New Group: AIR & CRUISE LINES were HIGHER with CCL +.49, RCL +2.17, NCHL +.64, AAL +.32, DAL +.58, LUV +.36, UAL +.75, HA +.34, ALK +.42, and XTN $61.67 +1.12 (1,86%).
FOOD SUPPLY CHAIN was LOWER with TSN -.45, FLO -.57, CPB -.93, CAG -.35, MDLZ -.19, KHC +.22, CALM -.03, JJSF +.94, SAFM -3.35. HRL -.26, SJM - 1.08, PPC +.06, KR -.48, and a new addition ACI +.86, and PBJ $34.18 -.04 (.11%).
BIOPHARMA was MIXED with BIIB +2.23, ABBV +.19, REGN -6.51, ISRG +2.14, GILD +.15, MYL -.11, TEVA -.11, VRTX -5.50, BHC -.19, INCY +2.10, ICPT -1.57, LABU -2.47, and IBB $136.53 -.90 (.65%). CANNABIS: was LOWER with TLRY -.21, CGC -.66, CRON -.06, GWPH +.28, ACB -.21, CURLF +.50, KERN -.22 and MJ $11.36 -.16 (1.39%).
DEFENSE was LOWER with LMT -10.71, GD -.22, TXT -.51, NOC -2.28, BWXT -.77, TDY +5.16, RTX -.22, and ITA $163.00 -1.36 (.83%).
RETAIL: was MIXED with M +.24, JWN +.17, KSS +1.28, DDS -2.33, WMT +.95, TGT +.82, TJX -.20, RL -.85, and a new addition GPS -.07, and XRT $53.79 +.11 (.20%).
MEGA-CAPS & FAANG were HIGHER with GOOGL +40.05, AMZN +10.79, AAPL +1.89, FB +14.35, NFLX (see above) -35.62, NVDA +6.39, TSLA -5.98, BABA +5.41, BIDU +.83, CMG +14.42, CRM +2.25, BA +.46, CAT +2.40, DIS +.77 and XLK $119.60 +.70 (.59%). PLEASE BE AWARE THAT THESE PRICES ARE LATE MARKET QUOTES AND DO NOT REPRESENT THE 4:00 CLOSES.
FINANCIALS were HIGHER with GS +2.34, JPM +.57, BAC +.49, MS +.52, C +.74, PNC +2.07, AIG +.56, TRV +6.27, V +1.13, and XLF $24.96 +.35 (1.42%).
OIL, $41.70 +.64, Oil has been locked into the current range and tried to break in either direction without success. While I think it may resolve to the downside, I am not taking any new positions. The stocks were higher today and there has been a pickup in M&A activity in the group. XLE finished $29.90 +.35 (1.18%).
GOLD $1,915.40 +3.70opened HIGHER and made a slightly higher high and a higher low, closing near the highs of the day. There were several “unusual options action” looking for another 10-12% on the upside before year end.
BITCOIN: closed $11,970 +215. After breaking out over $10,000 we have had a “running correction” pushing prices toward $12,000, reaching a recovery high of $12220 Thursday, and after a day of rest in between, we resumed the rally touching $12,635, but have sold off back to support. We had 750 shares of GBTC and sold off 250 last week at $13.93 and still have 500 with a cost of $8.45. GBTC closed $13.30 +.47 today.
Tomorrow is another day.
CAM
submitted by Dashover to OptionsOnly [link] [comments]

For Trading Sep 22

For Trading September 22nd
NASDAQ Reversal
NKLA LOWER TREVOR MILTON OUT
TRAVEL DECLINES New section below
Today’s market started off with a massive selloff that started in Europe and only got worse. Shortly after the open the DJIA was -940, NASDAQ -280, and S&P -90, but that was about it. While it was ugly, there were rallies off those lows with the biggest being the NASDAQ, actually looking like it might make it into the green, but finishing just below those levels -14.48 (.13%), DJIA -509.72 (1.84%), S&P -38.41 (1.16%), the Russell -51.53 (3,35%) and the DJ Transports -302.91 (2.65%). Market internals were weak with the NYSE 6:1, NASDAQ 4:1, and volume bigger than recent days. The DJIA was 26 down, 4 up with the biggest losers UNH -60, HON -50, BA, AXP, AMGN and several others all shaving about 30 DP’s off the averages. On the upside, several big names, AAPL, MSFT, WMT, and CRM all turned back off their lows and finished both near their highs and up on the day.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 3000 members. I also returned to my radio show today with a great live interview with the Chief Medical Officer of JANONE (JAN) and it was a great show. This is the link to the audio recording including my discussion of the market and the very exciting story of JAN’s phenomenal NON-OPIOID Pain Med! This is the link: https://www.youtube.com/watch?v=oCFCxnijFO4 Enjoy!! TUESDAY’S RADIO SHOW: https://youtu.be/dJGunoIqLZU v With my guest: David Weinstein on Bio-Hacking !!
Tonight’s closing comment video: https://youtu.be/N5b78BIEOaY
SECTORS: There weren’t any important economic numbers today, but there was plenty of news. NKLA was a feature with Trevor Milton stepping down and leaving the board. His hyperbolic attitude was clearly a touch too much and some of the claims totally without any proof. The stock has several detractors and the two reports from last week by notable “short firms” Citron and Hindenburg, putting out reports calling attention to those claims. Beyond the financial claims, the most glaring was the video of their semi rolling down the highway, which turned out to be exactly that, rolling from the top of a hill down without its own power. The stock, $93.99 in June, and $54.56 just 2 weeks ago had fallen to close Friday at $34.19, opened today $25.00, traded as low as 24.05 before turning back higher a bit and finishing 27.58 -6.61 (19.33%) and cut in half since 9/8/2020. On the upside we had WMT, MSFT, and ORCL on the news of the structuring of a deal for TIK TOK. I’m pretty attentive to details, but after an entire day of hearing the details I still don’t know who is going to own what piece of the new entity, what the costs and pricing represent, or how China feels about it. I guess we’ll have to await more details before it’s a “done deal.” New Group: Air & Cruise Lines: was LOWER with CCL -.92, RCL -4.35, NCHL -1.02, AAL -.83, DAL -2.77, LUV -2.13, UAL -2.82, HA -1.01, ALK -2.84, JBLU -1.02 AND XTN $59.27 -1.21 (2.0%). All these prices were down between 6% – 8% on the day.
FOOD SUPPLY CHAIN was MIXED with TSN -2.01, BGS +.57, FLO -.06, CPB +.75, CAG +.45, MDLZ -.67, KHC +.11, CALM -.89, JJSF -4.40, SAFM -3.19, HRL -.28, SJM +.40, PPC -1.11, KR +.25 and PBJ $32.15 -.30 (.9%).
BIOPHARMA was LOWER with BIIB -6.18, ABBV -.92, REGN +.46, ISRG -13.62, GILD -.70, MYL -.88, TEVA -.54, VRTX -1.39, BHC -.67, INCY -1.40, ICPT -1.69, LABU -6.14, and IBB $132.83 -3.49 (2.56%). CANNABIS: was LOWER with TLRY -.31, CGC -.60, CRON -.16, GWPH -.18, ACB -.08, NBEV -.06, CURLF +.19, KERN -.12, and MJ $10.87 -.31 (2.77%).
DEFENSE: was LOWER with LMT -15.14, GD -4.66, TXT -1.98, NOC -15.61, BWXT -1.29, TDY -12.48, RTX -2.33, and ITA $159.67 -5.88 (3.55%).
RETAIL: was LOWER with M -.41, JWN -1.13, KSS -1.84, DDS -2.15, WMT +2.11, TGT +1.04, TJX -1.85, RL -4.66, UAA -.83, LULU +.34, TPR -.85, CPRI -.41, and XRT $49.08 -1.20 (2.39%).
MEGA-CAPS & FAANG were MIXED with GOOGL -20.95, AMZN +15.42, AAPL +3.24, FB -3.63, NFLX +17.54, NVDA +14.36, TSLA -14.95, BABA +1.76, BIDU -.01, CMG -8.96, CRM +1.77, BA -4.83, CAT -6.99, DIS -3.23, and XLK $113.01 +1.47 (1.34%).
PLEASE BE AWARE THAT THESE PRICES ARE LATE MARKET QUOTES AND DO NOT REPRESENT THE 4:00 CLOSES.
FINANCIALS were LOWER with GS -.41, JPM -3.00, BAC -.75M MS -1.76, C -.91, PNC-2.92, AIG -.94, TRV -2.16, V -4.76, and XLF $24.00 -.55 (2.22%).
OIL, $39.54 -1.78, Oil was higher all day. I am looking for about another $1.00 or so before I would consider selling it for a correction. The stocks were higher with XLE $32.12 -.96 (2.86%).
GOLD $1,910.60 – 51.90, opened LOWER but and gave up most of the recent gains and finished well off the low but substantially lower. I will be taking a hard look at buying GLD tomorrow.
BITCOIN: closed $10,485 -395. After breaking out over $10,000 we have had a “running correction” pushing prices toward $12,000, reaching a recovery high of $12220 Thursday, and after a day of rest in between, we resumed the rally touching $12,635, but have sold off back to support. We had 750 shares of GBTC and sold off 250 last week at $13.93 and still have 500 with a cost of $8.45. GBTC closed $11.13 -.61 today.
Tomorrow is another day.
CAM
submitted by Dashover to OptionsOnly [link] [comments]

Tesla Beats

For Trading October 22nd
WHR HOME RUN NUMBERS
CMG, TSLA, LVS All Beat
Today’s market was another back and forth without much net change. I know that many think that 100 or 200-point moves look like a lot but on a percentage basis it’s less than 1%. With “algo’s” and buy and sell programs, that’s not overwhelming. At the end of the day the DJIA was -97.97 (.35%), NASDAQ -31.80 (.28%), S&P 500 -7.56 (.22%), the Russell -13.93 (.86%) and the biggest loser was DJ Transports -135.28 (1.14%). Market internals were 2:1 down on both NYSE and NASDAQ. Only 7 stocks were up out of the DJIA with the big winner TRV adding 45 DP’s and the loser was GS -33 DP’s. The rest were all up or down less than 20. The lack of progress on any stimulus plans seems to be the main issue, and it concerns me greatly. I’m not so much concerned with poor holiday sales, but they clearly will suffer, but the jackasses in Washington have no idea what it means to be concerned with the rent, or food, or heat, and assuming that Biden gets elected, I wouldn’t expect any action until mid-winter. #TERMLIMITS.
Our “open forum” on Discord, which allows you to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 3000 members. I also returned to my radio show today with a great live interview with the Chief Medical Officer of JANONE (JAN) and it was a great show. This is the link to the audio recording including my discussion of the market and the very exciting story of JAN’s phenomenal NON-OPIOID Pain Med! This is the link: https://www.youtube.com/watch?v=oCFCxnijFO4 Enjoy!!
Yesterday’s interview with Joe Moscato, CEO of GNBT is available today at https://youtu.be/rJBtqC75g3A It’s a great story and this stock (I believe) won’t stay at these levels once there is a wider understanding of what this company actually has going for it!!
Tonight’s closing comment video: https://youtu.be/g-gP65lp96E
SECTORS: Earnings were the big movers again today with some big names putting out some big numbers. The biggest winner that I keyed in upon was Whirlpool (WHR). I should have seen that coming with all of the home repairs and upgrades, great housing numbers and easy credit terms. They beat top and bottom lines and the stock had closed $196.83 -3.10 (1.55%) but after the numbers traded up to $216 and the last is $205.75 +5.82 (2.91%). They had great metrics for their own brand as well as private label lines. The all-time high of $217.00 was way back in early 2015. Tesla beat and although their call hasn’t taken place yet, the stock had a pretty calm day (for TSLA), finishing $422.64 +.70 but after the beat the stock traded to $442.00 and the last is $436.95 +15.01 (3.5%). We’ll have to see if Elon has “one more thing” to announce! SNAP had great metrics and while it was $34.95 +6.50 this morning, it traded to $38.89 and finished $36.23 +7.78 (27.35%). CHIPOTLE (CMG) was a loser, although their numbers were good, with major continuing growth in digital and opening new stores. I personally order from there and get it delivered within 25-30 minutes (for free) and love it. After closing just under the all-time high at $1366.66 +18.19 it fell to $1250, before turning back up. I had a few members buying small odd-lots between -68 and -47, and the last is $1311.90 -36.47 (2.78%).
New Group: AIR & CRUISE LINES were LOWER with CCL -.18, RCL -.89, NCHL -.18, AAL -.13, DAL -.58, LUV -.50, UAL -.51, HA -.20, ALK -.24 and XTN $61.04-.64 (1.04%).
FOOD SUPPLY CHAIN was HIGHER with TSN +1.31, BOS +.07, FLO -.22, CPB +.08, CAG -.03, MDLZ -.16, KHC -.55, CALM +.30, JJSF +1.89, SAFM +3.67, HRL +.69, SJM +.28, PPC +.17, KR unchanged, and a new addition ACI -.20, and PBJ $34.13 -.05 (.14%).
BIOPHARMA was LOWER with BIIB +1.25, ABBV -.85, REGN -6.63, ISRG -3.85, GILD -.34, MYL -.17, TEVA +.34, VRTX -2.63, BHC +.78, INCY -.47, ICPT -1.37, LABU -3.91, and IBB $134.19 -2.34 (1.71%).
CANNABIS: was HIGHER with TLRY +.16, CGC +.62, CRON +.15, GWPH +1.15, ACB +.25, CURLF +.25, KERN -.03, and MJ $11.55 +.21 (1.85%).
DEFENSE was LOWER with LMT -4.71, GD -1.85, TXT -.45, NOC -.,05, BWXT -.39, TDY -10.86, RTX -.74, and ITA $160.79 -2.54 (1.56%).
RETAIL: was HIGHER with M +.15, JWN +.14, KSS +1.31, DDS -.49, WMT +.60, TGT -1.72, TJX +.05, RL +1.50, and a new addition GPS -.42, and XRT $53.44 -.35 (.65%).
MEGA-CAPS & FAANG were LOWER with GOOGL +39.88, AMZN -29.51, AAPL -.91, FB +10.91, NFLX 35.44, NVDA -4.20, TSLA +14.86, BABA -1.91, BIDU +5.02, CMG -34.47, CRM -1.57, BA -3.05, CAT -1.53, DIS +1.79 and XLK $119.10 -.21 (.18%). PLEASE BE AWARE THAT THESE PRICES ARE LATE MARKET QUOTES AND DO NOT REPRESENT THE 4:00 CLOSES.
FINANCIALS were LOWER with GS -5.15, JPM -1.06, BAC -.11, MS -1.17, C -.57, PNC -1.38, AIG +1.02, TRV +6.94, V +1.15, and XLF $24.60 -.21 (.85%).
OIL, $40.03 -1.67, Oil has been locked into the current range and tried to break in either direction without success. Last night I said, “While I think it may resolve to the downside, I am not taking any new positions.” The stocks were lower today and there has been a pickup in M&A activity in the group. XLE finished $29.41 -.49 (1.64%).
GOLD $1,929.50 +14.10 opened HIGHER and made a higher into the falling 50-day MA and a higher low, closing near the highs of the day. There were several “unusual options action” looking for another 10-12% on the upside before year end.
BITCOIN: closed $12,755 +785. After breaking out over $10,000 we have had a “running correction” pushing prices toward $12,000, reaching a recovery high of $12220 Thursday, and after a day of rest in between, we resumed the rally touching $12,635, but have sold off back to support. We had 750 shares of GBTC and sold off 250 last week at $13.93 and 250 today @$14.19, and we still have 250 with a cost of $8.45. GBTC closed $14.29 +.99 today.
Tomorrow is another day.
CAM
submitted by Dashover to OptionsOnly [link] [comments]

IBM Misses

For Trading October 20th
IBM MISSES REVENUES, AGAIN!
INDEXES TURN LOWER AFTER AN UP OPEN
Today’s market was a reversal of fortune after an up open and a downturn that took us down on the day, but moving sideways for a while before 2:00 when we started to accelerate lower finishing -410.89 (1.44%), Nasdaq -192.68 (1.65%), S&P 500 -56.89 (1.63%), the Russell -20.18 (1.24%), and the DJ Transport -128.34 (1.08%). Market internals were weak at 2.5:1 to the downside and the DJIA 29:1, with INTC the only gainer and up only .42. The losers were usual suspects with UNH, MSFT, and AMGN all paring 35+ DP’s off the average. Tomorrow we have earnings from ACI, LMT, MAN, PG, TRV, and NFLX.
Our “open forum” on Discord, which allows you to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 3000 members. I also returned to my radio show today with a great live interview with the Chief Medical Officer of JANONE (JAN) and it was a great show. This is the link to the audio recording including my discussion of the market and the very exciting story of JAN’s phenomenal NON-OPIOID Pain Med! This is the link: https://www.youtube.com/watch?v=oCFCxnijFO4 Enjoy!!
Yesterday’s interview with Joe Moscato, CEO of GNBT is available today at https://youtu.be/rJBtqC75g3A It’s a great story and this stock (I believe) won’t stay at these levels once there is a wider understanding of what this company actually has going for it!!
Tonight’s closing comment video: https://youtu.be/v-IVu8HCr7M
SECTORS: The only major name with earnings today was IBM after the close. The earnings were in line with prior guidance but as has become the standard report for the company, they missed on revenues. After the numbers the stock fell from its close of $125.52-.41 the stock fell to $121.63 and finished $121.90 -4.03 (3.2%). Lennox (LII) reported earlier in the day and ran up to $297 before reversing and moving all the way back to $275.02 before a small rally to close $278.45 -9.77 (3.3%). New Group: AIR & CRUISE LINES were HIGHER with CCL +.14, RCL +1.17, NCHL +.29, AAL +.19, DAL +.25, LUV +.33, UAL +1.54, HA +.82, ALK +.65, and XTN $60.54 -.60 (.97%).
FOOD SUPPLY CHAIN was LOWER with TSN -1.40, FLO -.22, CPB -.31, CAG -.44, MDLZ -.80, KHC -.35, CALM +.15, JJSF -2.33, SAFM 3.85. HRL -.52, SJM 2.67, PPC -.38, KR -.19, and PBJ $34.22 -.36 1.04%).
BIOPHARMA was LOWER with BIIB -11.24, ABBV -1.69, REGN -16.60, ISRG -16.56, GILD -1.11, MYL -.29, TEVA -.06, VRTX +2.92, BHC +.19, INCY -1.76, ICPT -2.62, LABU -3.20, and IBB $138.00 -1.71 (1.22%). CANNABIS: was HIGHER with TLRY +.91, CGC +1.91, CRON +.32, GWPH +.60, ACB +.64, CURLF +.33, KERN -.38 and MJ $11.62 +.52 (4.68%).
DEFENSE was LOWER with LMT -1.00, GD -1.28, TXT -.78, NOC -4.44, BWXT -.99, TDY +1.10, RTX -.10, and ITA $166.70 +1.14 (.69%).
RETAIL: was LOWER with M -.04, JWN -.63, KSS -.66, DDS -2.04, WMT -1.10, TGT +.10, TJX -1.52, RL -.43, UAA +.35, LULU -9.96, TPR +.53, CPRI +.25, and a new addition GPS -.22, and XRT $53.68 -.60 (1.11%).
MEGA-CAPS & FAANG were LOWER with GOOGL 31.20, AMZN -43.71, AAPL -1.99, FB -2.99, NFLX +4.82, NVDA -8.86, TSLA -7.07, BABA -.44, BIDU -.62, CMG +7.20, CRM -2.05, BA +.85, CAT -.17, DIS -2.01, and XLK $119.55 -1.57 (1.30%). PLEASE BE AWARE THAT THESE PRICES ARE LATE MARKET QUOTES AND DO NOT REPRESENT THE 4:00 CLOSES.
FINANCIALS were LOWER with GS +.24, JPM -1.40, BAC -.42, MS -.70, C -.19, PNC -1.49, AIG -.13, TRV -1.42, V -2.01, and XLF $24.61 -.38 (1.52%).
OIL, $41.06 -.06, Oil was near recent highs and sold off hard Friday touching $37.61 (down about 6%) before mounting a rally back to close today $29.55 -.64 (2.12%).
GOLD $1,911.70 +5.30 opened HIGHER and made a slightly higher high and a higher low, closing near the highs of the day. There were several “unusual options action” looking for another 10-12% on the upside before year end.
BITCOIN: closed $11,755 +395. After breaking out over $10,000 we have had a “running correction” pushing prices toward $12,000, reaching a recovery high of $12220 Thursday, and after a day of rest in between, we resumed the rally touching $12,635, but have sold off back to support. We had 750 shares of GBTC and sold off 250 last week at $13.93 and still have 500 with a cost of $8.45. GBTC closed $12.82 +.39 today.
Tomorrow is another day.
CAM
submitted by Dashover to OptionsOnly [link] [comments]

FSLY ugh

For Trading October 15th
BANKS BEAT BUT FALTER
Today’s market was interesting…not good or bad, just interesting. It always concerns me when the earnings news is good and the market falls. UNH, BAC, and GS all reported, and the numbers were good, and all fell well off the highs, with UNH the only one to close up, and only pennies at that. After the hotter than expected PPI numbers came out, the open was slightly higher, but it didn’t last long. After the DJIA hit the high for the day +120, it turned down and by 11:00 it was down for the day. The DJIA finished -165.81 (.58%), NASDAQ -95.17 (.80%), S&P 500 -23.26 (.66%), the Russell -15.20 (.93%) and the DJ Transports the big winner at +105.67 (.90%). Internals were soft at 1.5:1 on NYSE and 1.9:1 on the NAZ. The DJIA was 10 up, 20 down, with UNH the biggest decliner paring 64 DP’s off the average. Tomorrow we have UAL, WBA, MS, and TSM reporting as well as the continuing and initial claims, Phili Fed, Empire State and Export / Import numbers for Sept. Lots of stuff to digest.
Our “open forum” on Discord, which allows you to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 3000 members. I also returned to my radio show today with a great live interview with the Chief Medical Officer of JANONE (JAN) and it was a great show. This is the link to the audio recording including my discussion of the market and the very exciting story of JAN’s phenomenal NON-OPIOID Pain Med! This is the link: https://www.youtube.com/watch?v=oCFCxnijFO4 Enjoy!!
Yesterday’s interview with Joe Moscato, CEO of GNBT is available today at https://youtu.be/rJBtqC75g3A It’s a great story and this stock (I believe) won’t stay at these levels once there is a wider understanding of what this company actually has going for it!!
Tonight’s closing comment video: https://youtu.be/Z-R_NRe9TLM
SECTORS: There was good news for the banks, again, but by midday it just didn’t matter. Today’s losers were BAC, GS, and the biggest loser, UNH which was trading +2.50 premarket and never even made it to unchanged, finishing -9.57, which cost the DJIA 64DP’s. There was some good news for holders of Concho Resources. The talk is that they are a takeover candidate and after hitting $51.00 it closed on the lows, but still +4.79 (10.8%) on the day. FSLY holders weren’t quite so lucky. The stock which traded $10.63 in March has been a juggernaut, hitting $136.50 yesterday, reported after the close that their prior expectations of revenue “should not be relied upon.” It seems that geopolitical concerns had hampered their operation. The customer is the parent company of TIK TOK! While the numbers given (they report on 10/28) aren’t terrible, when your stock has risen the way this one has, it’s a problem. The last on it in late trading was $91.28 -37.55 (30%) after a low of $86.40. Even at this lower price, the stock is still up from the start of the year by 400%. Another favorite, DraftKings (DKNG) has not acted well since doing their offering last week priced about $4.00 under the market @ $52.00 and has not been able to climb back over that level. The stock closed $48.04 -3.14 today (6.14%). The continuing Covid-19 issues for major sports teams and cancelled and postponed may be weighing on the stock in the short term. After the close VRTX reported the end of their trial on a protein-deficiency treatment. The stock fell from its close of $371.46 -4.63 to trade $235.01 and closed $239 -37.09 (13.43%).
New Group: AIR & CRUISE LINES were HIGHER with +.64, HA +.03, ALK +.53, and XTN $61.57 +.52 (.85%).
FOOD SUPPLY CHAIN was LOWER with TSN +.26, BGS -.24, FLO -.11, CPB -.15, CAG -.38, MDLZ -.38, CALM -.15, JJSF -.43, SAFM +.03, HRL -.41, SJM -1.12, PPC +.89, KR -1.10, and PBJ $34.56 -.28 (.78%).
BIOPHARMA was LOWER with BIIB -3.46, ABBV -.40, REGN -3.02, ISRG -4.27, GILD +.01, MYL -.28, TEVA -.08, VRTX -37.10, BHC -.04, INCY -3.36, ICPT -.80, LABU -4.26, and IBB $141.60 -2.74 (1.9%). CANNABIS: was LOWER with TLRY -.03, CGC -.42, CRON -.10, GWPH +.68, ACB -.23, CURLF -.18, KERN -.17, and MJ $11.49 -.13 (1.12%).
DEFENSE was HIGHER with LMT +3.52, GD -.35, TXT unchanged, NOC +2.29, BWXT +.88, TDY +2.94, RTX +.47, and ITA $163.58 +.90 (.55%).
RETAIL: was MIXED with M -.02, JWN -.13, KSS +.04, DDS +.32, WMT -2.23, TGT -2.04, TJX +.03, RL +.72, UAA -.29, LULU -4.34, TPR +.08, CPRI +.01, and a new addition GPS +.27, and XRT $54.07 -.45 (.83%).
MEGA-CAPS & FAANG were HIGHER with GOOGL -4.56, AMZN -91.63, AAPL -.29, FB -4.74, NFLX -15.09, NVDA -7.93, TSLA +13.70, BABA +9.33, BIDU +8.65, CMG -3.84, CRM -6.85, BA +1.36, CAT +1.49, DIS -2.36, and XLK $122.02 -.65 (.53%). PLEASE BE AWARE THAT THESE PRICES ARE LATE MARKET QUOTES AND DO NOT REPRESENT THE 4:00 CLOSES.
FINANCIALS were LOWER with GS +.42, JPM -.44, BAC -1.20, MS +.64, C -.64, PNC -2.61, AIG -.07, TRV -.86, V -1.82, and XLF $24.78 -.24 (.96%).
OIL, $41.04 +.84, Oil was near recent highs and sold off hard Friday touching $37.61 (down about 6%) before mounting a rally back to close today just over $41, near recent highs. The stocks were MIXED with XLE $30.52 +.13 (.43%).
GOLD $1,907.30 +12.70, opened HIGHER and made a slightly higher high and a higher low, closing near the highs of the day. There were several “unusual options action” looking for another 10-12% on the upside before year end.
BITCOIN: closed $11410 -30. After breaking out over $10,000 we have had a “running correction” pushing prices toward $12,000, reaching a recovery high of $12220 Thursday, and after a day of rest in between, we resumed the rally touching $12,635, but have sold off back to support. We had 750 shares of GBTC and sold off 250 last week at $13.93 and still have 500 with a cost of $8.45. GBTC closed $12.20 -.18 today.
Tomorrow is another day.
CAM
submitted by Dashover to OptionsOnly [link] [comments]

Merger Monday

For Trading September 29TH
MERGER MONDAY!
BROAD RALLY
Today’s market started off on the upside and spent the rest of the day comfortably up, in fact the DJIA +410.10 (1.5%), was the only one of the averages that came off the highs at the close, finishing 140 or so below it. NASDAQ was +203.97 (1.87%), S&P 500 +53.14 (1.61%), the Russell +35.48, the biggest gainer (2.41%) and the DJ Transports +170.95 (1.52%). What was most impressive to me was the fact that the Mega-cap and FAANG names weren’t weak, but definitely not racing higher all day. The other interesting point was that all the indexes closed over last weeks highs! The market internals were actually pretty good with the NYSE 5:1 and NASDAQ 3:1; volume was light (Jewish holiday) and the DJIA was solidly positive with only 3 of the 30 lower and all less than $1. BA was the biggest winner adding 66 DP’s. Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 3000 members. I also returned to my radio show today with a great live interview with the Chief Medical Officer of JANONE (JAN) and it was a great show. This is the link to the audio recording including my discussion of the market and the very exciting story of JAN’s phenomenal NON-OPIOID Pain Med! This is the link: https://www.youtube.com/watch?v=oCFCxnijFO4 Enjoy!!
TUESDAY’S RADIO SHOW: https://youtu.be/dJGunoIqLZU v With my guest: David Weinstein on Bio-Hacking !!
Tonight’s closing comment video: https://youtu.be/pEWUtvQgNoM
SECTORS: There wasn’t a lot of sector news, but we did have 2 deals; Devon Energy (DVN) and WPX Energy in a merger of equals that the street liked sending both of them higher. DVN $9.80 +.98 (11%) and WPX $5.17 +.73. DVN has spent the last 10 years moving steadily lower from $122 to a low of $4.70, and WPX not quite so bad from $25 to $1.94. I guess when you compare -92% vs. -95% there really aren’t any winners.
Also, in the M&A arena, we have Cleveland Cliffs,13.37 +1.28 (10.6% CLF buying the US assets of MT, Arcelor Mittal for $1.4 billion. The street liked this one too, CLF $6.56 +.68 (11.5%) and MT $13.37 +1.28 (10.6%), although this one is cash and stock, so it’s hard to quote a valuation. It wasn’t all good news, with 2 smallish biotech’s, INO and EIGR both having problems with their Covid-19 vaccine trials. INO, up from $1.95 this year to peak at $33.49 had already fallen back to close Friday $16.94 opened the day at $10.67 and closed $12.14 -4.80 (28%), and EIGR with a January high near $15 and Friday close $9.89 opened the day $9.47 and then sold down to $7.67 and closed $7.96 -1.93 (19.5%). On the upside, in a major way, was Piedmont Lithium (PLL) taking the HOMERUN OF THE DAY disclosing a 5-year contract with TESLA for the mineral Spodumene, a component of lithium. The stock had closed $11.00 and opened $36.66, traded up to $54.50 and finished the day $37.00 +$26 (236.36%). Also, of interest, according to my service, the stock last traded Thursday, 9/17, so unlike many deals that “leak” this was as clean as a whistle. One more small one, Oxbridge Re Holdings, a Cayman re-insurance company that shows absolutely no news and has spent the last 5 years going from $7.76 to a low of $ .55, closed $1.07 Friday and opened $1.55 and proceeded to move up to $9.62 and back down to close $2.95 +1.88 (175%). I’m sure we’ll hear more on that one tomorrow!
New Group: AIR & CRUISE LINES were HIGHER with CCL +.22, RCL +1.67, NCHL +.14, AAL +.55, DAL +1.78, LUV +1.38, UAL +1.85, HA +.61, ALK +1.25, and XTN $59.28 +1.34 (2.31%).
FOOD SUPPLY CHAIN was HIGHER with TSN +.53, FLO +.29, CPB +.42, CAG +.46, MDLZ +1.20, KHC +.96, CALM +.29, JJSF +2.06, SAFM +1.96, HRL +.86, SJM +1.09, PPC +.18, KR +.17, and PBJ $32.64 +41 (1.25%).
BIOPHARMA was HIGHER with BIIB +8.75, ABBV +1.72, REGN -2.14, ISRG +19.43, GILD +.78, MYL +.22, TEVA +.16, VRTX +.08, BHC +.08, INCY +3.81, ICPT unch., LABU +.03 and IBB $134.48 +1.01 (.76%). CANNABIS: was MIXED with TLRY +.09, CGC +.08, CRON -.12, GWPH -.94, ACB -.27, CURLF +.02, NBEV +.08, KERN -.03, and MJ $10.39 -.03 (.28%).
DEFENSE was HIGHER with LMT +4.31, GD +2.99, TXT +1.54, NOC +1.52, BWXT +.49, TDY +3.41, RTX +1.94, and ITA $181.82 +3.38 (2.13%).
RETAIL: was HIGHER with M -.04, JWN +.38, KSS +.11, DDS +.88, WMT +.16, TGT +2.11, TJX +2.70, RL -.60, UAA +.29, LULU +3.90, TPR +.39, CPRI -.51and XRT $50.08 +1.20 (2.45%).
MEGA-CAPS & FAANG were HIGHER with GOOGL +25.94, AMZN +94.47, AAPL +3.22, FB +3.68, NFLX +9.12, NVDA +7.85, TSLA +12.46, BABA +6.26, CMG +18.90, BIDU +2.71, CMG +18.90, CRM +5.06, BA +10.47, CAT +2.09, DIS +2.25, and XLK $116.62 +2.68 (2.35%). PLEASE BE AWARE THAT THESE PRICES ARE LATE MARKET QUOTES AND DO NOT REPRESENT THE 4:00 CLOSES.
FINANCIALS were HIGHER with GS +4.29, JPM +3.08, BAC +.71, MS +1.41, C +1.49, PNC +3.23, AIG +.68, TRV +2.11, V +4.03, and XLF $24.05 +.56 (2.38%).
OIL, $40.48 +.35, Oil was higher all day. I am looking for about another $1.00 or so before I would consider selling it for a correction. The stocks were HIGHER with XLE $30.89 +.71 (2.35%).
GOLD $1,882.30 +16.00, opened LOWER but and gave up most of the recent gains and finished well off the low but slightly higher. I have closed out the NEM calls at a loss. I will take another look after I’ve seen some sideways action.
BITCOIN: closed $10,960 +135. After breaking out over $10,000 we have had a “running correction” pushing prices toward $12,000, reaching a recovery high of $12220 Thursday, and after a day of rest in between, we resumed the rally touching $12,635, but have sold off back to support. We had 750 shares of GBTC and sold off 250 last week at $13.93 and still have 500 with a cost of $8.45. GBTC closed $11.16 - 0.07 today.
Tomorrow is another day.
CAM
submitted by Dashover to OptionsOnly [link] [comments]

Battery Day

For Trading September 23RD
NASDAQ BEST PERFORMER, AGAIN!
BATTERY DAY
NKE, KBH, & SFIX REPORT
Today’s market started off slowly and spent most of the day wavering between up and down until the final hour and managed to make a new high and have a solid close. NASDAQ was the clear strength finishing up 3 times the DJIA at +184.84 (1.71%), DJIA +140.48 (.52%), S&P 500 +34.51 (1.05), the Russell +11.71 (.79%) and the DJ Transports +85.50 (.77%). Market internals were split with NYSE 4:3 up, but even though the NASDAQ showed a major gain, the split was 1:1. Volume was slightly lower than Monday. Sales of existing homes were +2.4% and while pricing was strong, the lack of supply continues to be well below demand. This actually skews the numbers lower than if there were more for buyers to purchase.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 3000 members.
I also returned to my radio show today with a great live interview with the Chief Medical Officer of JANONE (JAN) and it was a great show. This is the link to the audio recording including my discussion of the market and the very exciting story of JAN’s phenomenal NON-OPIOID Pain Med! This is the link: https://www.youtube.com/watch?v=oCFCxnijFO4 Enjoy!!
TUESDAY’S RADIO SHOW: https://youtu.be/dJGunoIqLZU v With my guest: David Weinstein on Bio-Hacking !!
Tonight’s closing comment video: https://youtu.be/Ry0hBpMk-CQ
SECTORS: The most “hyped” news of the day was the Tesla “Battery Day,” on the schedule seemingly forever, and the hype got so bad that even Elon Musk had to make statements yesterday trying to calm it a bit. The stock was lower all day finishing regular hours $424.23 -25.16, and after the close it rallied back to down just $14. However, I waited to do tonight’s note until there was some further action on the “show” and surprisingly, the stock has traded lower, trading $394 with a last of $406 right now (7:00pm). We’ll have to see it in the morning since it could be $375, or $425 again. Earnings from a couple of big names came after the close. Nike (NKE) beat numbers both top and bottom lines and also managed to cut S, G, & A and spent less on advertising since there were no sports on TV for the quarter and it clearly showed! The stock had closed $116.87 +3.50 (3.09%) but once the conference call was on it exploded higher trading $128 when I did tonight’s closing comment, but it has continued higher trading $134 and having a last trade now (7:15) of $131.75 +18.38 (16.12%). KB Homes also beat and was $40.50 +1.57 at the close and traded up to $43.65 and is currently $40.00 1.07. SFIX was not so great as it beat on revenues and missed on earnings. It had closed $31.38 +2.32 (7.98%) and had traded $34.00 before the call and then fell hard to $$25.90 and the last was $26.40 -2.66 (9.15%). Pretty ugly call, I guess! And the disaster du jour was a little bio named Vaccinex (VCNX) who had a negative result on a trial for Huntington’s disease. The stock had a high $12.23 in January and a recent low of $3.22 in July and closed $5.47 and opened today $2.30 and finished the day $2.24 -3.23 (59%). I hate when that happens! New Group: Air & Cruise Lines: were HIGHER with CCL +.01, RCL +1.56, NCHL +.34, AAL +.17, DAL +.36, LUV +.45, UAL +.25, HA +.08, ALK +.16, JBLU +.24, and XTN $58.35 +.16 (.27%).
FOOD SUPPLY CHAIN was MIXED with TSN -.26, BGS -.17, FLO +.09, CPB -.55, CAG +.04, MDLZ -.04, KHC -.41, CALM +.53, JJSF -2.10, SAFM -.49, HRL +.22, SJM +.09, PPC -.03, KR +.29, and PBJ $32.31 +.16 (.51%).
BIOPHARMA was HIGHER with BIIB +4.46, ABBV -.59, REGN +15.81, ISRG +25.05, GILD -.72, TEVA -.11, VRTX +3.58, BHC -.52, INCY +1.54, ICPT -.58, LABU +.24, and IBB $133.84 +1.01 (.76%). CANNABIS: was LOWER with TLRY +.12, CGC -.08, CRON -.05, GWPH +.94, ACB -.34, NBEV +.03, CURLF -.01, KERN -.03, and MJ $10.80 -.03 (.28%).
DEFENSE: was HIGHER with LMT +8.79, GD +1.12, TXT -.07, NOC +6.91, BWXT +.86, TDY +4.23, RTX -.27, and ITA $161.,25 +1.58 (.99%).
RETAIL: was MIXEDR with M +.04, JWN -.28, KSS -.53, DDS -1.58, WMT +.63, TGT +3.64, TJX -.29, RL +3.83, UAA +.57, LULU +23.94, TPR +.12, CPRI -.17 and XRT $50.62 +1.33 (2.7%).
MEGA-CAPS & FAANG were HIGHER with GOOGL +25.86, AMZN +154.53, AAPL +.49, FB +5.75, NFLX +2.65, NVDA +.11, TSLA -54.89, BABA +.83, BIDU -.55, CMG +26.03, CRM +1.95, BA -.09, CAT +1.66, DIS +1.93 and XLK $113.94 +1.50 (1.33%). PLEASE BE AWARE THAT THESE PRICES ARE LATE MARKET QUOTES AND DO NOT REPRESENT THE 4:00 CLOSES.
FINANCIALS were LOWER with GS -2.30, JPM -1.10, BAC -.53, MS -.69, C -.65, PNC -3.84, AIG +.36, TRV -.20, AXP +.21, V +3.05, and XLF $23.73-.20 (.84%).
OIL, $39.80 +.26, Oil was higher all day. I am looking for about another $1.00 or so before I would consider selling it for a correction. The stocks were lower with XLE $31.84 -.33 (1.03%).
GOLD $1,907.60 -3.00, opened LOWER but and gave up most of the recent gains and finished well off the low but substantially lower. I will be taking a hard look at buying GLD tomorrow. We added 4 and 2 NEM 10/70 calls @$.56 today. Average is now .98.
BITCOIN: closed $10,495 +10. After breaking out over $10,000 we have had a “running correction” pushing prices toward $12,000, reaching a recovery high of $12220 Thursday, and after a day of rest in between, we resumed the rally touching $12,635, but have sold off back to support. We had 750 shares of GBTC and sold off 250 last week at $13.93 and still have 500 with a cost of $8.45. GBTC closed $11.27 +.14 today.
Tomorrow is another day.
CAM
submitted by Dashover to OptionsOnly [link] [comments]

Welcome to Q4

For Trading October 1st
Welcome to Q4
Rally Continues
Mega & Small Caps Rule the Day
Today’s market was very sloppy with the DJIA trading +260 to -120 and closing +36.20 (.13%), buoyed by BA, which at the high of the day had added 70 DP’s and finished nearer its low adding only 16. The biggest gainers for the day were V, a credit card company and WMT, the biggest retailer with 24 and 22 respectively. The real strength came from the NASDAQ, with the mega-caps +159 (1.42%) and the small-cap Russell +23.51 (1.56%). Interesting dichotomy. The S&P was somewhere in the middle +23.51 (.53%) and the Transports were -18.61 (.17%). Market internals 2:1 up on both, and volume was about 40% less than yesterday’s end of quarter numbers. With all the numbers this morning out of the way, tomorrow’s September employment numbers should set the tone.
Our “open forum” on Discord, which allows you to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 3000 members. I also returned to my radio show today with a great live interview with the Chief Medical Officer of JANONE (JAN) and it was a great show. This is the link to the audio recording including my discussion of the market and the very exciting story of JAN’s phenomenal NON-OPIOID Pain Med! This is the link: https://www.youtube.com/watch?v=oCFCxnijFO4 Enjoy!!
TUESDAY’S RADIO SHOW: https://youtu.be/dJGunoIqLZU v With my guest: David Weinstein on Bio-Hacking !!
Tonight’s closing comment video: https://youtu.be/5Qq05sql0Po
SECTORS: There wasn’t a lot of sector news, but we did have some more news on layoffs for airlines, and assorted companies across all industries from All State insurance to GS to Marathon Petroleum. This flies in the face of the government’s employment number and initial claims as well as anything they can point to show how well we are all doing. I’ve given up on thinking that these numbers are real, when I drive around town and see all the closed forever signs popping up on everything from dry cleaners to restaurants to anything that isn’t a franchise of a Dunkin or Panera, that are now empty. I just don’t understand how our “consumer” based economy will function with over 850,000 new initial claims every week and people that are leaving the employment seeking behind. And Starbucks raises their dividend Best Buy reports record sales increases while they’re closing many of its stores. I guess I just don’t get it!
New Group: AIR & CRUISE LINES were HIGHER with CCL -.13, RCL +.57, NCLH +.10, AAL +.20, DAL +.37, LUV +.11, UAL +.23, HA -.24, ALK -.03, and XTN $58.43 +.28 (.48%).
FOOD SUPPLY CHAIN was HIGHER with TSN -.18, BGS +.08, FLO +.09, CPB +.15, CAG +.39, MDLZ +.55, KHC +.45, CALM +.03, JJSF +1.51, SAFM +1.53, HRL +.39, SJM +.48, PPC +.19, KR +.11, and PBJ $33.05 +.34 (1.04%).
BIOPHARMA was HIGHER with BIIB +1.89, ABBV -.19, REGN +8.36, ISRG +.98, GILD +.11, MYL -.03, TEVA +.06, VRTX +1.39, BHC +.32, INCY +2.69, ICPT +.62, LABU +2.14, and IBB $136.67 +1.26 (.93%). CANNABIS: was MIXED with TLRY +.01, CGC -.06, CRON -.01, GWPH -.85, NBEV +.13, CURLF -.10, KERN +.51, and MJ $10.39 -.02 (.19%).
DEFENSE was LOWER with LMT -2.28, GD -.65, TXT -.98, NOC -3.68, BWXT +.34, TDY -2.48, RTX -.14, and ITA $159.19 +.49.
RETAIL: was HIGHER with M +.16, JWN +.68, KSS +.93, DDS +.44, WMT +2.95, TGT +1.03, TJX +1.35, RL +1.03, UAA +.60, LULU +10.63, TPR +.22, CPRI +.12 and XRT $51.01 +1.35 (2.72%).
MEGA-CAPS & FAANG were HIGHER with GOOGL +24.40, AMZN +66.77, AAPL +.99, FB +4.50, NFLX +26.68, NVDA +2.54, TSLA +13.79, BABA -4.33, BIDU -.14, CMG -5.71, CRM +2.68, BA +1.25, CAT -2.74, DIS -.78, and XLK $117.93 +1.23 (1.05%). PLEASE BE AWARE THAT THESE PRICES ARE LATE MARKET QUOTES AND DO NOT REPRESENT THE 4:00 CLOSES.
FINANCIALS were MIXED with GS -1.82, JPM +.63, BAC -.02, MS -1.04, C +.20, PNC -.48, AIG +.19, TRV -.38, V +3.28, and XLF $24.11 +.04 (.17%).
OIL, $38.72, Oil was near recent highs and sold off hard today touching $37.61 (down about 6%) before a minor rally back to close -1.50. The stocks were LOWER with XLE $29.03 -.92 (3.07%).
GOLD $1,916.30 +20.80, opened HIGHER and made a slightly higher high and a higher low, closing near the highs of the day. There were several “unusual options action” looking for another 10-12% on the upside before year end.
BITCOIN: closed $10,645 -125. After breaking out over $10,000 we have had a “running correction” pushing prices toward $12,000, reaching a recovery high of $12220 Thursday, and after a day of rest in between, we resumed the rally touching $12,635, but have sold off back to support. We had 750 shares of GBTC and sold off 250 last week at $13.93 and still have 500 with a cost of $8.45. GBTC closed $10.87 -.10 today.
Tomorrow is another day.
CAM
submitted by Dashover to OptionsOnly [link] [comments]

Q3

For Trading October 1st
Welcome to Q3
Rally Continues
PLTR Prices @ $7.25 ASAN $21.00
Today’s market was looking pretty ugly on the overnight futures reaction to the debate, but we had a deluge of positive data coming from ADP, Case Schiller, Chicago PMI, another look at Q2 GDP and mortgage applications. We moved from -200 DJIA to +100 in the last 20 minutes leading up to the open and it only got better from there. We had the Treasury Secretary from the Seeking Alpha virtual meeting talking about his conversations with Speaker Pelosi and gave some hopeful words, which added gas to the fire, and we were headed to +550 on the DJIA with the rest of the market following. When the dust settled we finished with the DJIA +329.04 (1.2%), NASDAQ +82.26 (.74%), S&P 500 +27.53 (.83%), the Russell +2.97 (.20%) and the DJ Transports the only one lower at -71.79 (.63%). Market internals were unimpressive although volume was about 30% higher but that was likely the effect of the end of the quarter. There were only 2 DJIA lower (DIS & NKE) while the biggest gainers were AXP, UNH, AMGN, GS, & HD.
Our “open forum” on Discord, which allows you to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 3000 members.
I also returned to my radio show today with a great live interview with the Chief Medical Officer of JANONE (JAN) and it was a great show. This is the link to the audio recording including my discussion of the market and the very exciting story of JAN’s phenomenal NON-OPIOID Pain Med! This is the link: https://www.youtube.com/watch?v=oCFCxnijFO4 Enjoy!!
TUESDAY’S RADIO SHOW: https://youtu.be/dJGunoIqLZU v With my guest: David Weinstein on Bio-Hacking !!
Tonight’s closing comment video: https://youtu.be/e9UkY-d19rw
SECTORS: There wasn’t a lot of sector news, but we did have some news from DIS after the close laying off 28,000 employees at the “parks” division with full time, part time, as well as executives. The stock finished today $124.00, better than last night’s reaction but still lower by $1.40 (1.12%). Micron (MU) was sold off even though they beat top and bottom lines but sellers took control and after it traded up to $52.67 on the headline, it spent the day today selling off and closed on the lows at $46.90 -3.81 (7.51%). This is why I always try to NOT trade earnings reports. This is a prime example of being right on the numbers and having it cost you money.
Becton Dickenson reported positive results on their “antigen-based test’ and was higher, closing $233.71 +8.28 (3.67%). Moderna (MRNA) was also higher during the day with a high of $75.39 but finished $70.75 +.23 (.33%). PLL who signed a 5-year agreement with TESLA for an element used in batteries that had traded $54.50 and since closing $37 +26 has had a couple of weaker days finishing the day today $23.69 -1.69 (6.66%) but still well up from $11.00.
New Group: AIR & CRUISE LINES were HIGHER with CCL +.27, RCL +.50, NCLH +.80, AAL +.16, DAL +.12, UAL +.59, HA +.15, ALK -.04 and XTN $58.15 -.18 (.32%).
FOOD SUPPLY CHAIN was HIGHER with TSN +.51, BGS -.04, FLO +.23, CPB +.35, CAG +.17, MDLZ +.96, KHC +.34, CALM -.22, JJSF +1.04, SAFM -.03, HRL +.38, SJM +2.51, PPC +.17, KR +.19, and PBJ $32.72 +.22 (.68%).
BIOPHARMA was HIGHER with BIIB +1.33, ABBV +1.28, REGN -12.51, ISRG +19.45, GILD +1.45, MYL +.26, TEVA +.16, VRTX +1.81, BHC +.77, INCY +2.31, ICPT +.01, LABU -.23, and IBB $135.41 +.80 (.59%). CANNABIS: was MIXED with TLRY +.11, CGC -.15, CRON -.01, GWPH -.47, NBEV +.01, CURLF +.16, KERN -.04, and MJ $10.36 -.07 (.67%).
DEFENSE was LOWER with LMT -4.98, GD -.12, TXT -.68, NOC -7.90, BWXT -.96, TDY -1.73, RTX +.16, and ITA $159.79 -.07.
RETAIL: was HIGHER with M +.07, JWN +.29, KSS +.15, DDS +3.01, WMT WMT +3.13, TGT +1.05, TJX +1.49, RL +.63, UAA +.15, LULU +7.71, TPR -.07, CPRI +.33 and XRT $49.66 +.35 (.71%).
MEGA-CAPS & FAANG were HIGHER with GOOGL -.07, AMZN +17.12, AAPL +2.08, FB +1.01, NFLX +7.31, NVDA +14.12, TSLA +12.03, BABA +18.07, BIDU +5.39, CMG -11.28, CRM +4.35, BA +5.70, CAT +2.09, DIS -.91, and XLK $117.07 +1.34 (1.16%). PLEASE BE AWARE THAT THESE PRICES ARE LATE MARKET QUOTES AND DO NOT REPRESENT THE 4:00 CLOSES.
FINANCIALS were HIGHER with interest rates with GS +4.18, JPM +.87, BAC +.36, MS +1.18, C +.72, PNC +3.88, AIG +.29, TRV +.56, V +.96, and XLF $24.09 +.34 (1.42%).
OIL, $40.22 +.93, Oil was in a fairly tight range all day. After the oil sold off yesterday it had an “inside day” today, so no real hint to which way it is going out of this consolidation. The stocks were MIXED with XLE $30.03 -.01 (.03%).
GOLD $1,895.50 – 7.70, opened HIGHER and made a slightly higher high and a higher low, closing mid-range but down on the day. There were several “unusual options action” looking for another 10-12% on the upside before year end. We sold the balance of the 3X silver ETF calls at $2.10.
BITCOIN: closed $10,770 -45. After breaking out over $10,000 we have had a “running correction” pushing prices toward $12,000, reaching a recovery high of $12220 Thursday, and after a day of rest in between, we resumed the rally touching $12,635, but have sold off back to support. We had 750 shares of GBTC and sold off 250 last week at $13.93 and still have 500 with a cost of $8.45. GBTC closed $11.01 -.02 today.
Tomorrow is another day.
CAM
submitted by Dashover to OptionsOnly [link] [comments]

KODK is fishy

For Trading JULY 30th
WHERE THE HELL IS STOCKWATCH?
“FED UNCHANGED”
NAT GAS RALLIES
Added UNG calls and MYL calls and sitting on our gold spreads
Today’s market got off to a positive start and then gained all day. The FED announcement and the press conference had absolutely no effect on the market as did the House Judiciary cross examination of the CEOs of AAPL, AMZN, GOOGL, and FB. There was nothing new discussed as the congressional questioners got on their soapboxes to mug to the TV cameras. As is usually the case on Fed days, the market just drifted higher and when they got what was expected the market added on to the gains. We also had some economic numbers with pending home sales +16.6%, a lower trade deficit (70.6 vs. 75.3Bil), and a slight decline in mortgage applications. DJIA +160.29 (.61%), NASDAQ +140.85 (1.35%), S&P 500 +40 (1.24%), the Russell +30.87 (2.1%) and the DJ Transports +209 (2.16%). Market internals were positive with NYSE 4:1 and NAZ 2:1, with lighter volume in both. The DJIA was 19 up, 11 down with the biggest winners AAPL +49 and UNH +46 DPs and BA -35 DPs.
Tonight’s closing comment video https://youtu.be/rQ3eZ4A4gRw
Today’s video on the UNG Trade: https://youtu.be/RBWaSke96O8
Our Discord link is in the video description.
SECTORS: The disgrace of what transpired with KODK should clearly be investigated. A stock whose avg daily volume is 100,000 trades 1.6MM and makes an announcement of major import and trades 260MM and then moves this dramatically deserves a look…A CLOSE LOOK! Then when it moves up 2000% and has to be halted repeatedly for volatility all day and trades in a range of $17.50 TO $60.00. Forget the political side where a major Republican donor is a director and owns 15% of KODK, this kind of action should be investigated. The lack of protection for investors is glaring! If I had bought even 1 of the KODK calls, the SEC would already have called me!!
FOOD SUPPLY CHAIN was HIGHER with TSN +1.27, BGS +.51, FLO +.05, CPB -.03, CAG +.34, MDLZ +.82, KHC +.64, CALM -.23, JJSF -1.31, SAFM +.66, HRL +.28, SJM +1.22, PPC -.39, KR -.12, PBJ $33.70 +.44 (1.3%).
BIOPHARMA was MIXED with BIIB -2.99, ABBV +.34, REGN +1.16, ISRG +16.10, GILD -.59, MYL +.86 (5.32% and we own the calls), TEVA +.32, VRTX +.20, BHC +.25, INCY -2.57, ICPT -.30, LABU -2.51, and IBB $137.00 -1.16 (.84%).
CANNABIS: was LOWER with TLRY -.54, CGC -.95, CRON -.25, GWPH +.45, ACB -.87, NBEV +.07, CURLF -.40, KERN +.35, and MJ $13.43 -.32 (2.33%).
DEFENSE: was HIGHER with LMT +.64, GD +.87, TXT +.07, NOC +2.33, BWTX +.22, TDY -.23, RTX -1.60, and ITA $160.27 -1.31 (.81%).
RETAIL: was HIGHER with M +.08, JWN +.10, KSS -.16, DDS +.51, WMT -.97, TGT +.11, TJX +.92, RL +1.33, UAA +.37, LULU +3.11, TPR +.36, CPRI +1.24, and XRT $47.84 +1.32 (2.84%).
FAANG and Big Cap: were HIGHER with GOOGL +23.55, AMZN +45.27, AAPL +7.74, FB +3.74, NFLX -3.51, NVDA +11.13, TSLA +25.51, BABA +4.33, BIDU +4.50, CMG +37.87, CAT +2.64, MSFT +2.03, BA -5.44, DIS -.53, and XLK $107.63 +2.02 (1.91%). PLEASE BE AWARE THAT THESE PRICES ARE LATE MARKET QUOTES AND DO NOT REPRESENT THE 4:00 CLOSES.
FINANCIALS were HIGHER with GS +1.18, JPM +2.28, BAC +.90, MS +.47, C +1.27, PNC +4.17, AIG +1.85, TRV +1.82, AXP +1.68, V +1.36, and XLF $24.49 +.48 (2%).
OIL, $41.27 +.23. Oil was lower in last night’s trading before we rallied in the morning. I mentioned in last night’s charts with comments section in the Weekly Strategies letter, that it is a toss-up for a move in either direction. The stocks were HIGHER with XLE $37.68 +.77 (2.09%).
GOLD $1,954.50 +10.10. It was a continuation rally and a new recovery high of $1,974.00. I have only the NEM August 65 / 70 spread on in the Gold market. The spread was put on at $1.30 and finished the day @ $2.47.
BITCOIN: closed $11,240 +205. After trading back to 8985 we rallied back to close – only $5. Since last week we have closed between 9200 – 92.85 every day with narrow ranges and today was a good start to move higher. A break over 10,000 still sends us higher. We added 350 shares of GBTC @ $10.02 to our position of 400 @ $8.06, bringing our average price to $8.97. GBTC closed $12.41 -.12 today.
Tomorrow is another day.
CAM
submitted by Dashover to options [link] [comments]

For Trading September 16th

D.O.J. Joins the Inquiry on Nikola
FDX & ADBE BEAT
IPOB GETS A COMPANY
Today’s market started off with another rally but got tired and the DJIA barely stayed positive on the day. After dipping into the red, the DJIA managed to close +2.27 (.04%) while the NASDAQ ran the show finishing +133.67 (1.21%), S&P 500 +17.66 (.52%), the Russell +1.18, and the DJ Transports +96.12 (.84%). Internals were barely positive at 1.2:1 on both NYSE and NASDAQ with average volume. The DJIA was split 16 up, 12 down with 2, (MRK and PG) unchanged. The biggest winners were HD and CRM both adding 33 DP’s and the losers, CAT -32, PG and GS both lower by 22 DPs.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 3000 members. I also returned to my radio show today with a great live interview with the Chief Medical Officer of JANONE (JAN) and it was a great show. This is the link to the audio recording including my discussion of the market and the very exciting story of JAN’s phenomenal NON-OPIOID Pain Med! This is the link: https://www.youtube.com/watch?v=oCFCxnijFO4 Enjoy!! TUESDAY’S RADIO SHOW: https://youtu.be/DK2hmC0GXFk With my guest: Dennis Marlow!
Tonight’s closing comment video: https://youtu.be/OitvPWK2_mg
SECTORS: We started off the day with both Import and Export prices coming in slightly hotter than projected, Empire State manufacturing gaining 17% vs. 5.9 expected and industrial production missing on the downside at +.4% from a 1% expectations, and capacity utilization increasing to 71.4% just under the 71.7% estimate.
One of our holdings, IPOB.U, Social Capital Hedosophia Holdings, a SPAC run by Chamath Palihapitiya (also did the deal for Virgin Galactic) is taking OpenDoor into its structure and it was a big hit, having closed $14.19 and opening @ $17.24, trading as high as $19.75 before closing $19.14 +4.95 (34.88%). We’ll see how the public likes the deal as things develop, but Palihapitiya has an excellent reputation for building value. After the close we had earnings from FDX and ADBE and both beat both earnings and revenues and were rewarded. ADBE had closed $497.67 +11.76 traded up to $522 and was $508.50 +22.59; FDX closed $236.67 +.33 and traded up to $260.33 before finishing $257 +20.63.
Nikola attracted a bit more unwelcome attention with the AG in New York and the D.O.J. both joining the SEC in their inquiry of the company’s claims made to investors and the public about where they were in the development of their Hydrogen fuel cell driven trucks. The stock, which traded as high as $93.99 fell back to under $30 and rallied up to $54.56 just last week on statements from its founder and a deal with General Motors. This was before 2 research reports calling into question the validity of claims made and the SEC investigation pressured the stock lower. It closed $30.78 -5.01 (14%) today.
FOOD SUPPLY CHAIN was LOWER with TSN -.31, BGS -.74, FLO unch., CPB -.30, CAG -.02, MDLZ +.08, KHC +.46, CALM -.13, SAFM -.02, HRL -.44, SJM -1.06, PPC +.06, KR -.09, and PBJ $33.13 -.18 (.54%).
BIOPHARMA was HIGHER with BIIB +2.03, ABBV +.61, REGN +14.33, ISRG -.77, GILD -.14, MYL +.34, TEVA +.07, VRTX +2.43, BHC +.35, INCY -1.06, ICPT -.17, LABU +1.67, and IBB $136.07 +1.36 (1.01%). CANNABIS: was MIXED with TLRY +.02, CGC -.01, CRON -.02, GWPH +1.46, ACB -.08, NBEV -.04, CURLF +.10, KERN -.06 and MJ $11.36 +.06 (.53%).
DEFENSE: was LOWER with LMT -1.20, GD -2.33, TXT -.26, NOC -.43, BWXT -.24, TDY -2.18, RTX -.59, and ITA $164.66 -1.19 (.72%).
RETAIL: was MIXED with M -.25, JWN -.30, KSS -.17, DDS -.29, WMT +.81, TGT +.91, TJX +1.51, RL +.03, UAA -.08, LULU +2.18, TPR -.47, CPRI +2.00, and XRT $50.90 -.04 (.08%).
FAANG & MEGA-CAP were HIGHER with GOOGL +20.96, AMZN +54.16, AAPL -.50, FB -2.08, NFLX +21.26, NVDA +5.21, TSLA +29.93, BABA +4.49, BIDU +2.61, CRM +5.56, CMG +10.17, BA -1.75, CAT -4.01, DIS +.17, and XLK $116.50 +1.17 (1.01%). PLEASE BE AWARE THAT THESE PRICES ARE LATE MARKET QUOTES AND DO NOT REPRESENT THE 4:00 CLOSES.
FINANCIALS were LOWER with GS -2.94, JPM -2.96, BAC -.47, MS -.70, C -3.12, PNC -3.43, AIG -.42, TRV -2.31, AXP -.59, V +.52, and XLF $24.72 -.33 (1.32%).
OIL, $38.28 +1.02, Oil was quiet and drifted all day. I am looking for about another $1.00 or so before I would consider buying it for a bounce. The stocks were mixed with XLE $32.68 -.19 (.58%).
GOLD $1,966.20 +2.50 opened higher but gave up most of the gains and while it did close up on the day, it was near the lows. I did a short update video Wed: https://youtu.be/KJgk-wmVJ4U I am still a bull on the metal, and we have a September bull call spread on using NEM 65/70 calls with a cost of $1.45, which closed today @ $2.36.
BITCOIN: closed $10,815 +110. After breaking out over $10,000 we have had a “running correction” pushing prices toward $12,000, reaching a recovery high of $12220 Thursday, and after a day of rest in between, we resumed the rally touching $12,635, but have sold off back to support. We had 750 shares of GBTC and sold off 250 last week at $13.93 and still have 500 with a cost of $8.45. GBTC closed $11.95 +.10 today.
Tomorrow is another day.
CAM
submitted by Dashover to OptionsOnly [link] [comments]

Profit Taking Tuesday

For Trading September 9th
PROFIT TAKING CONTINUES!
TSLA BIGGEST DECLINE
Today’s market started with the news that Mr. Trump got up early in order to continue to poke the Chinese Bear (they borrowed one from Putin, the thug) on the possibility that we would ban cotton imports and possibly blacklist another of their chip makers. Probably not going to get any traction, but you have to think that as well as AAPL and TSLA have navigated the issues surrounding their business in China, it could easily be put in jeopardy at any time. So, between that item, and the fact that the “BIG 6” wasn’t quite finished working off the run that it seems Softbank got started over the last month or so, we followed the leaders lower, rallied a bit until 3:00 and then sold off to make a new low and close -632.42 (2.25%), NASDAQ -465.45 (4.11%), S&P 500 -95.12 (2.78%), the Russell -30.71 (2%), and the best performer, DJ Transports -145 (1.29%). Market internals were soft with NYSE 3:1 lower with 3:1 down volume while NASDAQ was just over 2:1 lower. The DJIA was 26:4 lower with the biggest losers CRM -89, BA-66, GS & AAPL -56, and the biggest gainer was DIS +14 DP’s.
Tomorrow we have JOLTS (job openings) and mortgage applications to contend with. Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 3000 members. I also returned to my radio show today with a great live interview with the Chief Medical Officer of JANONE (JAN) and it was a great show. This is the link to the audio recording including my discussion of the market and the very exciting story of JAN’s phenomenal NON-OPIOID Pain Med! This is the link: https://www.youtube.com/watch?v=oCFCxnijFO4 Enjoy!! TODAY’S RADIO SHOW: https://youtu.be/DK2hmC0GXFk With my guest: Dennis Marlow! Tonight’s closing comment video: https://youtu.be/sZBKCQBEgm8
SECTORS: We started off the day with some Merger Monday action between Nikola and GM. GM taking a $2Billion stake in NKLA and NKLA planning to utilize the GM factories to build their “prospective” pickup truck. Both stocks were higher with NKLA gapping up to open $46.00 and trading as high as $54.56 and closing $50.05 +14.50 (40%), while GM opened $31.55, trading $33.33 and closing $32.38 +2.38 (7.93%). LULU posted solid earning growth and a beat on both earnings and revenues, but it just wasn’t enough as the stock which closed $349.80 -11.61 but then fell to $324 and is currently $329.50 -31.91 (8.83%). We also had a beat on both top and bottom lines at SLACK (WORK) but it too was short on guidance and “billings” and they took it out and shot it. It had closed $29.32 +.25 but fell as low as $23.27 and is now $23.85 -5.21 (18%).
FOOD SUPPLY CHAIN was LOWER with TSN -.85, BGS -1.89, FLO -.52, CPB -2.36, CAG -1.98, MDLZ -1.87, KHC -1.87, CALM -.03, JJSF -2.33, SAFM -1.26, HRL -.83, SJM -3.40, PPC -.23, KR -.83 and PBJ $33.06 -.95 (2.78%).
BIOPHARMA was LOWER with BIIB -7.82, ABBV -2.24, REGN -17.31, ISRG -41.25 the biggest loser (5.61%), GILD -1.87, MYL .17, TEVA -.34, VRTX -7.89, BHC -.16, INCY -.76, ICPT -1.16, LABU -2.56, and IBB $126.10 -3.18 (2.45%). CANNABIS: was LOWER with TLRY -.37, CGC -.64, CRON -.15, GWPH +1.59, ACB -.88, NBEV -.10, CURLF +.01, KERN -.10, and MJ $11.31 -.80 (6.61%).
DEFENSE: was LOWER with LMT -5.95, GD -4.74, TXT -.67, NOC -4.03, BWXT -1.32, TDY -5.18, RTX -2.02, and ITA $162.00 -4.64 (2.78%).
RETAIL: was MIXED with M -.6, JWN -.19, KSS -.15, DDS +1.11, WMT -4.77, TGT -5.03, TJX -.18, RL -.59, UAA +.31, LULU -32.41 (SEE ABOVE), TPR +.44, CPRI +.34 and XRT $50.18 -.74 (1.45%).
FAANG and Big Cap: were LOWER with GOOGL -64.42, AMZN -161.31, AAPL -8.64, FB -12.93, NFLX -8.06, NVDA -29.58, BABA 11.89, BIDU -4.54, CRM - 13.60, CMG -15.73, BA -10.62, CAT -.49, DIS +.01, and XLK 112.51 -5.61 (4.75%). PLEASE BE AWARE THAT THESE PRICES ARE LATE MARKET QUOTES AND DO NOT REPRESENT THE 4:00 CLOSES.
FINANCIALS were LOWER with interest rates and GS -9.84, JPM -3.97, BAC -1.19, MS -2.89, C -1.75, PNC -4.59, AIG -.91, TRV -2.57, AXP -2.67, V -5.15, and XLF $24.54 -.75 (2.97%).
OIL, $36.76 – 3.01. Oil was lower in today’s trading and drifted lower all day. I am looking for about another $1.00 or so before I would consider buying it for a bounce. Nat Gas was - $ .19 to $2.40 and closed a gap left on the upside that occurred when we were long last month, and I am looking at UNG (NG ETF) as a proxy to get long.
GOLD $1,943.20 +8.90, sold off early but didn’t break below the $1905 area I am using as support. It turned back and rallied and closed right near the highs. I did a short update video today: https://youtu.be/KJgk-wmVJ4U I am still a bull on the metal, and we have a September bull call spread on using NEM 65/70 calls with a cost of $1.45, which closed today @ $1.91, and we also added some October 70’s at $1.65 which closed $2.08.
BITCOIN: closed $10,015 -605. After breaking out over $10,000 we have had a “running correction” pushing prices toward $12,000, reaching a recovery high of $12220 Thursday, and after a day of rest in between, we resumed the rally touching $12,635, but have sold off back to support. We had 750 shares of GBTC and sold off 250 last week at $13.93 and still have 500 with a cost of $8.45. GBTC closed $11.11 -.90 today.
Tomorrow is another day.
CAM
submitted by Dashover to OptionsOnly [link] [comments]

WMT vs AMZN?

For Trading JULY 8th
JOLTs 5.4 vs. 5 Million
NVAX gets $1.6B from BARDA
Today’s market got off to a very soft start in the DJIA but not so much in the NASDAQ and S&P-500, with the DJIA starting off -240 and managing a rally only as far as -125 before spending several hours going sideways until the last hour of trading when the NASDAQ and S&P ran out of steam and fell below the close and the selloff resumed. It’s never a good thing when and overbought index makes a new all-time high and then closes down and on the lows. The DJIA was -396.85 (1.51%), NASDAQ -89.76 (.86%), S&P 500 -34.30 (1.08%), the Russell -26.89 (1.86%) and the DJ Transports -108 (1.1%). The internals were 3:1 down on NYSE and 2.5:1 on NASDAQ with volume on the NYSE 2:1 down also. The DJIA was 28 down and only 2 up with WMT the big gainer +55 DP’s and on the downside, BA-62, GS -55, and UNH -43DP’s. Even with the good JOLTs number, this market is just over-extended and tired. The stat I mentioned in tonight’s video about the S&P is very telling, I think, with the S&P only 2% off its high, the median S&P stock is down 11%. This market has simply gotten too narrow and it will correct.
We sold half of the remaining NEM 7/17 $60’s bought @ 1.55 and added to last Friday @ $1.30 for an average of $1.47 triggered a 100% Up Rule sale at $2.94, and today’s sale was @ $3.20. They closed today $3.20. We also own a position in SLV 8/21 17 calls @ $ .74, and they closed $ .75, and we also added a spread using the NEM 8/65 / 70 calls at a $1.30 debit.
Tonight’s closing comment video https://youtu.be/5afUNy48sFI
Our Discord Forum link is on the video description..
SECTORS: The FAANG names all finished near the lows, several like MSFT coming off a new all-time high and closing down on the day. Not a good sign if they follow-thru to the downside tomorrow. Also having trouble was CCL, who has had to cancel several cruises for Q4 and Q1 2021. It closed $14.57 -1.04 (6.7%). Add to that, the UAL report that it is giving warnings that it will be laying off “10’2 of thousands of employees.” UAL finished $32.55 -2.66 (7.55%). These two companies do not operate in a vacuum, so both groups are in jeopardy, again. Novavax (NVAX) got a $1.6billion grant from BARDA (Biomedical Advanced Research and Development Authority) to help it along in it’s search for a workable vaccine. The stock, up from $8 as late as the end of February had worked its way up to $85 last month and opened today $104 and traded as high as $111.77 and finished $104.56 +25.12 (31.63%). Don’t get too crazy with this one, this is not its first rodeo. In 2015 it was trading $300 before it had a failure on a different vaccine and the stock fell to $80 before a rally and then in the week of 9/16/2016 it fell further from $169.80 to $23.20 and then on to the adjusted (1:20 reverse) low around $4.00. We’ll hope for a better outcome this time around. Walmart was the big winner on a RECODE that said they are ready to launch Walmart +, to compete with Amazon Prime for same day grocery delivery and next day for other products. Its move today added 55 DP’s to the averages. I don’t think it’s a big deal since for the same money, with Prime you get streaming too. And the margins on groceries are razor thin.
FOOD SUPPLY CHAIN was MIXED with TSN -.67, BGS +.70, FLO -.03, CPB -.11, CAG +.54, MDLZ -.22, KHC +.22, CALM +.03, JJSF -1.43, SAFM +.54, HRL -.14, SJM +.18, PPC -.34, KR -.03, and PBJ $31.56 +.06 (.19%).
BIOPHARMA was MIXED with BIIB - -1.72, ABBV +.72, REGN +14.50, ISRG -9.30, GILD -.13, MYL -.43, TEVA -.29, VRTX +8.35, BHC -.59, INCY +.86, ICPT -.74, LABU +3.36, and IBB $140.15 +.71 (.51%).
CANNABIS: was LOWER with TLRY -.13, CGC -.40, CRON -.19, GWPH +2.93, ACB +.17, CURLF -.07, KERN -.62 and MJ $13.08 -.01 (.08%).
DEFENSE: was LOWER with LMT -8.59, GD -3.29, TXT -1.73, NOC -7.89, BWXT -1.78, TDY – 7.84, RTX -2.12 and ITA $160.32 -6.10 (3.67%).
RETAIL: was LOWER with M +.03, JWN -.58, KSS -.72, DDS -.88, WMT +9.11 (7.66%), TGT -1.40, TJX -1.84, RL -2.49, UAA -.41, LULU -6.66, TPR -.51, CPRI -.18 and XRT $43.78 -.43 (.97%).
FAANG and Big Cap: were MIXED with GOOGL -7.40, AMZN -44.69, AAPL +1.06, FB -.91, NFLX +.69, NVDA +3.06, TSLA +9.42, BABA -2.60, BIDU -4.54, CMG -10.92, CAT -2.03, BA -8.57, DIS -.53 and XLK $106.34 -.77 (.72%).
FINANCIALS were LOWER with GS – 7.91, JPM2.52, BAC -.63, MS -1.32, C -1.53, PNC -3.15, AIG -1.36, TRV -2.45, AXP -3.48, V -3.13, and XLF $22.93 -.48 (2.05%).
OIL, $40.62 -.01. Oil was lower in last night’s trading before we rallied in the morning. I mentioned in last night’s charts with comments section in the Weekly Strategies letter, prices are trying to work higher towards $45.00. We needed a close over the previous high close of $40.83 and while we were there, we sold off to close below that number. The stocks were higher with XLE $36.26 -1.19 (3.18%).
GOLD $1,809.80 +16.40. It was a continuation rally and a new recovery high OF $1807.70 Last night I said “we’ve moved $50 since the low on Friday and while the trend and momentum are positive, we may have to test 1790 to consolidate our gains.” Unfortunately, we pulled back to 1,767 instead. We rallied a bit and finished only slightly better. We bought back the 3rd and final lot of NEM @ $58.86. And, we also added a half position in NEM 7/17 60 calls @ $1.55, and additional 50% @ $1.30 on Friday. We sold half on the 100% Up Rule @ $2.94 and half of what was left today @ $3.20, we closed $3.20 + .80 today.
BITCOIN: closed $9,290 -65. After trading back to 8985 we rallied back to close – only $5. Since last week we have closed between 9200 – 92.85 every day with narrow ranges and today was a good start to move higher. A break over 10,000 still sends us higher. We added 350 shares of GBTC @ $10.02 to our position of 400 @ $8.06, bringing our average price to $8.97. GBTC closed $9.76 - .19 today.
Tomorrow is another day.
CAM
submitted by Dashover to options [link] [comments]

No Deal

For Trading September 11th
Pennies for JC Penny’s
No Deal, No Rally
Is TIK TOK Still a Deal?
Today’s market started off with a rally that pretty quickly and by 11:00am we had given up the +235 and were down on the day. Around lunchtime we tried again, but it was not to be, and we started lower. At this point we put on another 9/18 QQQ put spread that we took home with a cost of $1.37, and it closed $2.05. If we get what I expect, a move lower tomorrow morning we will probably take the profit. At the close the DJIA was -406.89 (1.45%), NASDAQ -221.97 (2%), S&P 500 -59.77 (1.75%), the Russell -18.73 (1.23%), and the DJ Transports – 66.01 (.59%). The failure of the Republican Covid-19 “deal” didn’t help and with lack of any stimulus plan, or any movement in the right direction the market gave up. The volume wasn’t massive and all it took was a lack of more buyers and we just withered away. The DJIA was 29:1 down with only MCD up with the biggest losers UNH -49, MSFT -39, AMGN -33, HD -29 and AAPL -26DP’s. Market internals were 2:1 down on both NYSE and NASDAQ, volume was a bit heavier than yesterday. Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 3000 members. I also returned to my radio show today with a great live interview with the Chief Medical Officer of JANONE (JAN) and it was a great show. This is the link to the audio recording including my discussion of the market and the very exciting story of JAN’s phenomenal NON-OPIOID Pain Med! This is the link: https://www.youtube.com/watch?v=oCFCxnijFO4 Enjoy!! TUESDAY’S RADIO SHOW: https://youtu.be/DK2hmC0GXFk With my guest: Dennis Marlow! Tonight’s closing comment video: https://youtu.be/YMoxPt9TWB8
SECTORS: We started off the day with the news that Simon Property and Brookfield are buying JC Penny for pennies on the dollar. The move has been rumored since last month Simon (SPG) bought Brooks Brothers and Macerich (MAC) brought in groceries. JCP, now JCPNQ, traded last week as low as $ .018 rallied yesterday to $ .3999 and today after the new traded as high as $ .80 before closing $ .342 -.06 (14.5%). Pretty sure someone should look into yesterday’s move! On the earnings front we had RH (formerly Restoration Hardware) had solid numbers last night and it showed when the stock ran up today to close $385.46 +64.38 (20%). Peleton (PTON) also beat and after falling to $87.75 -3.42 in regular hours, it rallied to trade to 98.61 and the last was $96.64 +5.47 (6%). ORCL also beat and it ran from a close of $57.33 to trade 60.60 and is currently $59.15 +2.23 (3.92%). Chewy (CHWY) beat but didn’t fare as well trading $58.19 -3.31 (5.38%).
FOOD SUPPLY CHAIN was LOWER with TSN +2.53, BGS -1.62, FLO -.25, CPB -.27, CAG -.80, MDLZ -.11, KHC -.03, JJSF -2.61, SAFM +5.13, HRL -.95, SJM -2.68, PPC +.68, KR +.02, and PBJ $32.28 -.40 (1.18%).
BIOPHARMA was LOWER with BIIB -6.00, ABBV -1.93, REGN – 21.15 (3.7%), ISRG -13.88, GILD -.67, MYL -.17, TEVA -.13, VRTX -6.04, BHC -.41, INCY -3.25, ICPT -2.29, LABU -1.61, and IBB $127.17 -2.19 (1.69%). CANNABIS: was LOWER with TLRY +.04, CGC +.09, CRON +.03, GWPH -3.00, ACB -.25, NBEV -.01, CURLF -.08, KERN -.08, and MJ $11.42 -.13 (1.13%).
DEFENSE: was LOWER with LMT -5.14, GD -3.59, TXT +.01, NOC -9.08, BWXT -1.85, TDY -4.47, RTX +.06, and ITA $160.04 -2.38 (1.47%).
RETAIL: was LOWER with M -.14, JWN -.35, KSS -.14, DDS -.64, WMT -2.79, TGT +.44, TJX -.65, RL +2.24, UAA +.18, LULU -2.68, TPR +1.32, CPRI +2.44, and XRT $50.44 -.61 (1.19%).
FAANG & MEGA-CAP were LOWER with GOOGL -19.37, AMZN -77.61, AAPL -3.22, FB -4.31, NFLX -18.09, NVDA -12.60, BABA -4.50, BIDU -.24, CRM -1.18, CMG -1.12, BA -1.98, CAT 2.79, DIS +.59, and XLK $114.36 -2.10 (1.8%). PLEASE BE AWARE THAT THESE PRICES ARE LATE MARKET QUOTES AND DO NOT REPRESENT THE 4:00 CLOSES.
FINANCIALS were LOWER with GS -1.87, JPM -.87, BAC -.35, MS -.73, C -.44, PNC -1.69, AIG -.80, TRV -1.83, AXP -1.01, V -2.35, and XLF $24.54 -.35 (1.41%).
OIL, $37.30 -.75, Oil was quiet and drifted all day. I am looking for about another $1.00 or so before I would consider buying it for a bounce. Nat Gas was unchanged at $2.323 - .083 and closed a gap left on the upside that occurred when we were long last month. I was looking at UNG (NG ETF) as a proxy to get long and we bought the UNG 10/16 $14 calls @ $ .57 and they closed $ .46 today.
GOLD $1,964.30 +9.40 sold off early but didn’t break below the $1910 area I am using as support. It turned back and rallied and closed right near the highs. I did a short update video Wed: https://youtu.be/KJgk-wmVJ4U I am still a bull on the metal, and we have a September bull call spread on using NEM 65/70 calls with a cost of $1.45, which closed today @ $2.11, and we also added some October 70’s at $1.65 but sold them today @ $2.50 for a gain as the market was falling.
BITCOIN: closed $10,315 -5. After breaking out over $10,000 we have had a “running correction” pushing prices toward $12,000, reaching a recovery high of $12220 Thursday, and after a day of rest in between, we resumed the rally touching $12,635, but have sold off back to support. We had 750 shares of GBTC and sold off 250 last week at $13.93 and still have 500 with a cost of $8.45. GBTC closed $11.38 - .14 today.
Tomorrow is another day.
CAM
submitted by Dashover to OptionsOnly [link] [comments]

NKLA

For Trading September 15th
Nikola Under the Microscope
TIK TOK & ORCL
Today’s market started off with a rally and then just kept on going. There were several interesting stories, but no doubt that today was an up day with solid internals, including 5:1 up volume on the NYSE. The DJIA +327.69 (1.18%), NASDAQ +203.11 (1.87%), S&P 500 +42.57 (1.27%) and the biggest gainer, the Russell +39.70 (2.85%) and the DJ Transports +98.20(.87%). A/D on NYSE was 4:1 while NASDAQ was 3.6:1 and volume was moderate. DJIA was 5:1 up with no double-digit losers and the winners were UNH +47, BA +34, HD & V +28DPs. Nothing overwhelming, just a broad-based rally. Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 3000 members. I also returned to my radio show today with a great live interview with the Chief Medical Officer of JANONE (JAN) and it was a great show. This is the link to the audio recording including my discussion of the market and the very exciting story of JAN’s phenomenal NON-OPIOID Pain Med! This is the link: https://www.youtube.com/watch?v=oCFCxnijFO4 Enjoy!! TUESDAY’S RADIO SHOW: https://youtu.be/DK2hmC0GXFk With my guest: Dennis Marlow! Tonight’s closing comment video: https://youtu.be/rTuJflYygcI
SECTORS: We started off the day with the news that TIK TOK rejected the MSFT deal and was going to become “partners” with ORCL. It’s still somewhat up in the air as to what that actually means, but ORCL rallied on the news, closing $59.46 +2.46 (4.3%) after trading as high as $61.50. Stay tuned and I’m sure they will figure it out! Also in the news was the purchase of IMMU by GILD. While the deal gives GILD more of a portfolio of cancer therapies, the question of price paid and when they would actually make a meaningful contribution took a little off the celebration. IMMU was an $8.00 stock as recently as April and had already moved up to $42, and it closed today $83.65 +41.41 (98%). GILD is paying $88.00 or just 11 times the April price. DKNG and CZR were part of a new alliance with ESPN (DIS) as their official “Daily Fantasy Gaming” partners. DKNG finished $48.62 +7.16 (17%), and CZR was $55.39 +5.28 (10.5%). Lennar (LEN) had blow-out earnings but the stock, up from the March low of $25 to close $79 managed a small rally to $80.50 before reversing and closing $75.85 -1.63. NKLA has had some awfully bad press lately but it rallied today. After falling from $54.56 last Tuesday to close out the week $32.13 -3.42 it was trading$35.79 +3.66 before the headline that the SEC was looking into the allegations made by both Hindenburg Capital and Citron, that they had misled investors in their promotional offerings. The stock fell to $31.50 and finished $32.88 + .75. More news to come. And last, NVDA is buying ARM Holdings from Softbank and both stocks rallied. NVDA finished the day $514.89 +28.31 (5.8%) and SFTBY closed $29.69 +2.19 (8%).
FOOD SUPPLY CHAIN was HIGHER with TSN +1.53, BGS +.83, FLO -.14, CPB +.32, CAG +.12, MDLZ +.36, KHC +.16, CALM +.26, JJSF +1.25, SAFM +4.08, HRL +.39, SJM +.15, PPC +.53, KR -1.52, and PBJ $33.31 +.09 (.25%).
BIOPHARMA was HIGHER with BIIB +8.38, ABBV +1.04, REGN +19.45, ISRG +13.80, GILD +1.70, MYL +.44, TEVA +.37, VRTX +6.84, BHC +.60, INCY +5.15, ICPT +2.44, LABU +9.43. and IBB $135.55 +7.76 (6.07%). CANNABIS: was HIGHER with TLRY +.05, CGC +.26, CRON +.19, GWPH +9.99, ACB +.26, NBEV +.04, CURLF -.26, KERN -.08, and MJ $11.48 +.23 (2.04%).
DEFENSE: was HIGHER with LMT +5.35, GD +2.63, TXT +.91, NOC -.45, BWXT +.94, TDY +8.53, RTX +1.50, and ITA $165.85 +2.85 (1.75%).
RETAIL: was HIGHER with M +.17, JWN +.61, KSS +1.92, DDS +1.26, WMT +.45, TGT +1.35, TJX +1.35, RL +4.43, UAA +.65, LULU +.71, TPR +1.37, CPRI +1.23, and XRT $50.94 +1.17 (2.35%).
FAANG & MEGA-CAP were HIGHER with GOOGL -3.38, AMZN -7.22, AAPL +3.94, FB +.73, NFLX -.03, NVDA +31.72, TSLA +50.73, BABA +2.85, BIDU +1.26, CRM +3.20, BA +4.98, CMG -23.83, CAT -.58, DIS -1.80, and XLK $115.33 +2.37 (2.1%). PLEASE BE AWARE THAT THESE PRICES ARE LATE MARKET QUOTES AND DO NOT REPRESENT THE 4:00 CLOSES.
FINANCIALS were HIGHER with GS +.98, JPM +1.73, BAC +.31, MS +.90, C -2.62, PNC +2.38, AOG +.90, TRV +1.06, AXP +3.93, V +4.32, and XLF $25.05 +.34 (1.38%).
OIL, $37.26 -.07, Oil was quiet and drifted all day. I am looking for about another $1.00 or so before I would consider buying it for a bounce. The stocks were mixed with XLE $32.87 +.25 (.77%).
GOLD $1,963.70 + 15.80sold off early but didn’t break below the $1910 area I am using as support. It turned back and rallied and closed right near the highs. I did a short update video Wed: https://youtu.be/KJgk-wmVJ4U I am still a bull on the metal, and we have a September bull call spread on using NEM 65/70 calls with a cost of $1.45, which closed today @ $2.42.
BITCOIN: closed $10,705 +365. After breaking out over $10,000 we have had a “running correction” pushing prices toward $12,000, reaching a recovery high of $12220 Thursday, and after a day of rest in between, we resumed the rally touching $12,635, but have sold off back to support. We had 750 shares of GBTC and sold off 250 last week at $13.93 and still have 500 with a cost of $8.45. GBTC closed $11.85 +.62 today.
Tomorrow is another day.
CAM
submitted by Dashover to OptionsOnly [link] [comments]

For Trading August 23th

For Trading August 13th
TSLA $1,554 +180 (13%)
GOLD / SILVER Recover
CSCO & LYFT MISS #s
Today’s market got off to a slightly higher start on the combination of CPI data and the futures, with all major indexes higher. The NASDAQ was the leader, by far, gaining almost the same point value as the DJIA on an index 60% smaller. At the close the DJIA was +289.93 (1.05%), NASDAQ +229.42 (2.13%), S&P 500 +46.66 (1.4%), the Russell +8.15 (.52%), and the DJ Transports +46.57 (.43%). Market internals were weak with the NYSE only 9:5 UP and the NASDAQ 9:7, and lower volume than yesterday. The DJIA was the same as yesterday, 23:7 but almost the entire gain was in 4 names, AAPL +100DP’s, HD & UNH +46 each, and MSFT +40DP’s while on the downside we had BA-32 and AXP -10DP’s.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 3000 members. I also did this video over the weekend on a day-trade, (actually 2) that I made in AAPL on Friday. I think it’s highly informative as a guide to under what conditions these kind of trades in expiring options make sense. The link is https://youtu.be/qIV0G-hP3aM Enjoy!!
Tonight’s closing comment video https://youtu.be/3T8DnUEKNaY SECTORS: We didn’t have much corporate news today but after the close we had earnings from both CSCO and LYFT with both reporting losses and giving poor guidance. LYFT in particular was just full of bad news telling shareholders that if the Court of Appeals did not strike down the State of California’s ruling that requires their drivers to be considered employees, that they would suspend all operations in Calif., 16% of their total rideshare business. The stock, already down from its high of $88.60 traded as low as $29.75 and is currently $30.10 -.42. Cisco (CSCO) reported a loss and gave poor guidance and this is the glaring difference between “Old” tech and “New” tech. While CSCO has fallen from an all-time high of $76, and a recent high of $58 to close today $48.10 + .91, it traded down to $44.77 and is $45.04 -3.05 or 6.34%. “New” tech stocks like AMD, NVDA, and AVGO are all at new all-time highs and up triple-digits this year. The biggest news of the late day was the announcement that TESLA (TSLA) declared a 5:1 stock split. While this is really just straight arithmetic, it does create some demand for the shares now, since when the stock split becomes effective at the end of August you would have 5 times the shares at 1/5 of the price. But it does promote the purchase of “round lots” as opposed to “odd lots.” Does it really increase demand? Not really, but most stocks (like AAPL) do seem to rise on the news. TSLA certainly did, closing $1,554,76 +180.37 (13.1%). FOOD SUPPLY CHAIN was HIGHER with TSN +.54, BGS +.53, FLO +.34, CPB +1.19, CAG +.75, MDLZ +.83, KHC +.72, CALM +.23, JJSF +.39, SAFM +.35, HRL +.62, SJM +2.25, PPC -.15, KR +.24, and PBJ $33.89 +.57 (1.69%).
BIOPHARMA was HIGHER with BIIB +3.28, ABBV +2.63, REGN +13.49, ISRG +8.09, GILD +.74, MYL -.34, TEVA -.03, VRTX +8.04, BHC -.23, INCY +1.24, ICPT +.86, LABU +.41, and IBB $134.45 +2.57 (1.95%). CANNABIS: was LOWER with TLRY -.03, CGC +.32, CRON +.20, GWPH -.80, ACB -.17, NBEV -.01, CURLF +.23, KERN -.16, and MJ $12.78 +.12 (.95%).
DEFENSE: was LOWER with LMT + .48, GD -3.60, TXT -.49, NOC -3.12, BWXT -.72, TDY +.23, RTX +.32, and ITA $170.92 -1.22 (.71%).
RETAIL: was HIGHER with M +.02, JWN +.05, KSS +.19, DDS -1.69, WMT +1.65, TGT +2.88, TJX +.01, RL -.40, UAA -.08, LULU +9.38, TPR +.17, CPRI +.05, and XRT $51.06 +.40 (.79%).
FAANG and Big Cap: were HIGHER with GOOGL +27.45, AMZN +77.33, AAPL +14.99, FB +3.87, NFLX +8.32, NVDA +22.82, MSFT +5.52, TSLA +190.61, BABA +6.78, BIDU +2.05, CMG +12.05, CAT -.37, BA -4.34, DIS +1.31, XLK $113.47 +2.09 (1.88%). PLEASE BE AWARE THAT THESE PRICES ARE LATE MARKET QUOTES AND DO NOT REPRESENT THE 4:00 CLOSES.
FINANCIALS were LOWER with GS +1.03, JPM -.82, BAC -.21, MS +.57, C -.41, PNC -.47, AIG -1.28, TRV -1.06, AXP -1.59, V +.93, and XLF $25.24 -.07 (.28%).
OIL, $42.67 +1.06. Oil was higher in last night’s trading before we rallied in the morning on news of production cutbacks from Iraq. The stocks were HIGHER with XLE $38.58 +.38 (.99%).
GOLD $1,949 +2.70 was a dramatic sell-off taking the gold down as low as $1,874.00 before a rally back to $1,961. While I like the gold down here, I will have to see how it trades for a day or two. I am still a bull on the metal.
BITCOIN: closed $11,665 +230. After breaking out over $10,000 we have had a “running correction” pushing prices toward $12,000, reaching a recovery high of $12220 yesterday. We had added 350 shares of GBTC @ $10.02 to our position of 400 @ $8.06, bringing our average price to $8.97, but sold 250 shares today @ $13.93. GBTC closed $13.11 +.56 today.
Tomorrow is another day.
CAM
submitted by Dashover to OptionsOnly [link] [comments]

WDAY, ULTA, ABT, TSLA

For Trading August 28th
!
New Highs for NAZ & S&P-500
INITIAL CLAIMS OVER 1MM TIKTOK &WMT?
Today’s market was another split affair with the DJIA +160.35 (.57%) and the NASDAQ -39.72 (.34%), S&P 500 +5.82 (.17%), the Russell +4.37 (.28%), DJ Transport +79 (.71%), with a gain, second day in a row of the VIX also higher 24.47 +1.20 (5.16%). That lost one is both unusual and ominous in my book. A/D was also split with the NYSE 4:3 UP and NASDAQ 9:8 Down with light volume again. Initial claims were again over 1 million with continuing very slightly lower at 14,535,000, but the big number (although it was just preliminary and changeable) was the decline in Q2 GDP -31.7%. Chairman Powell spoke at the virtual Jackson Hole meeting and made the startling comment that he still doesn’t see any inflation and since they haven’t been able to hit their marks, they are reevaluating the actual definition of what they consider inflation! Clearly, he doesn’t go grocery shopping, or buy kids sneakers or school supplies. What a putz! Like that idiot Wilbur Ross who quoted prices at 7-11 for beer and Campbell’s soup. These people have less than no understanding of what it’s like in the real world.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 3000 members. I also returned to my radio show today with a great live interview with the Chief Medical Officer of JANONE (JAN) and it was a great show. This is the link to the audio recording including my discussion of the market and the very exciting story of JAN’s phenomenal NON-OPIOID Pain Med! This is the link: https://www.youtube.com/watch?v=RNCWw2by2wI Enjoy!!
Tonight’s closing comment video: https://youtu.be/AQ_FSMkj-Fg
SECTORS: The day started with the ABT news of the FDA granting the expedited approval of a $5.00, 15-minute “antigen” test for Covid-19. It is expected that Mr. Trump will announce a deal for $750 million for the manufacture and sale of the test to be ramped up immediately. Never let a good pandemic go to waste during an RNC convention, virtual or not! The stock traded as high as $117 in premarket but could only hit $114 in the real world and while higher on the day, it finished $111.29 +8.10 (7.85%) but nearer the lows. WMT was the power behind the DJIA adding 41 DP’s on the news that it was interested in sharing TIK TOK with MSFT, also a winner adding 38 DP’s too. So, half the net change in those two names. After the close we had numbers from ULTA, a beat top and bottom lines trading to $270.80 and finishing $256.64 +32.69 (14.65%), WDAY also beat and after closing $216.63 +3.01, after adding $20 yesterday on the CRM pop, traded $246 before closing $242.50 +25.87 (12.3%). Also reporting were HPQ 19.36 +.60 (3.1%), GPS 18.50 +1.12 (6%), and VMW 144.68 +1.98 (1.3%).
FOOD SUPPLY CHAIN was HIGHER with TSN +.60, BGS +.19, FLO +.06, CPB +.51, CAG +.24, MDLZ -.23, KHC -.15, CALM +.35, JJSF +3.36, SAFM +6.71, HRL +.03, PPC +.36, SJM -.81, KR -.21 and PBJ $34.40 -.2 (.07%).
BIOPHARMA was MIXED with BIIB +.09, ABBV -.11, REGN +2.97, ISRG +9.40, GILD +.02, MYL -.16, TEVA -.12, VRTX +2.84, BHC -.31, INCY +.55, ICPT -.36, LABU -1.18, and IBB $132.67 -.15 (.11%).
CANNABIS: was HIGHER with TLRY -.05, CGC +.03, CRON +.10, GWPH -1.01, ACB +.14, NBEV unch., CURLF +.18, KERN -.15, and MJ $12.34 unchanged.
DEFENSE: was HIGHER with LMT +.40, GD +2.36, TXT +.49, NOC +7.59, BWXT -.48, TDY +.88, RTX +.43, and ITA $168.07 +1.46 (.88%).
RETAIL: was HIGHER with M +.15, JWN +.25, KSS +.50, DDS +.30, WMT +7.75, TGT -1.93, TJX +.49, RL +.61, UAA +.09, LULU -4.55, TPR +.04, CPRI +.47, and XRT $52.50 -.38 (.72%).
FAANG and Big Cap: were LOWER with GOOGL -15.61, AMZN -36.34, AAPL -5.19, FB -11.66, NFLX -19.98, NVDA -6.78, TSLA +93.83, BABA -9.01, BIDU -.41, CMG +8.21, BA +3.10, CAT +1.82, DIS +2.33, and XLK $122.40 +.41 (.34%). PLEASE BE AWARE THAT THESE PRICES ARE LATE MARKET QUOTES AND DO NOT REPRESENT THE 4:00 CLOSES.
FINANCIALS were HIGHER with GS ++3.09, JPM +3.61, BAC +.59, MS +1.07, C +1.06, PNC +3.69, AIG +.62, TRV +3.64, AXP +3.60, V +1.40, and XLF $25.26 +.42 (1.69%).
OIL, $43.04 -.35. Oil was higher in today’s trading before we fell to the middle of the day’s range. Some of the gains may be storm related, but gasoline is helping support prices. The stocks were MIXED with XLE $35.80 +.07 (.20%).
GOLD $1,9532.60 -19.90, rose early in the session and moved higher to the 1963 range. I am still a bull on the metal, and we have a September bull call spread on using NEM 65/70 calls with a cost of $1.45, which closed today @ $1.59 -19.
BITCOIN: closed $11,270 -210. After breaking out over $10,000 we have had a “running correction” pushing prices toward $12,000, reaching a recovery high of $12220 Thursday, and after a day of rest in between, we resumed the rally touching $12,635, but have sold off back to support. We had 750 shares of GBTC and sold off 250 last week at $13.93 and still have 500 with a cost of $8.45. GBTC closed $12.88 -58 today.
Tomorrow is another day.
CAM
submitted by Dashover to OptionsOnly [link] [comments]

BITCOIN BREAK WITHIN 72 HOURS?! WOW!!! LIVE Crypto Analysis TA & BTC Cryptocurrency Price News BITCOIN MINERS CAPITULATE!! THIS SHOWS EXACT BTC BUY ZONE BEFORE NEXT PUMP!! Bitcoin Price Chart & Analysis (Feb 12th, 2020) XRP & Alts.... charting outlooks #66 Bitcoins - YouTube

BTC USD (Bitcoin / US Dollar) This is the most popular Bitcoin pair in the world. Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of Bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls this cryptocurrency and everyone can take part. Bitcoin price grew ... Top cryptocurrency prices and charts, listed by market capitalization. Free access to current and historic data for Bitcoin and thousands of altcoins. Bitcoin, Litecoin, Namecoin, Dogecoin, Peercoin, Quarkcoin, Worldcoin, Feathercoin - marktpreis, belohnung, schwierigkeit, hashrate, marktkapitalisierung ... Bitcoincharts provides real-time market overview for currently 38 exchanges. Price charts Bitcoin price. Bitcoin price (BTC) Add to Watchlist $ 13,070.01 +0.56% . 1h. 24h. 1w. 1m. 1y. all. $0.0000 January 1 12:00 AM. 10:56 AM 3:06 PM 7:17 PM 11:27 PM 3:38 AM 7:48 AM. Market cap $ 242.4B. Volume (24 hours) $ 23.6B. Circulating supply 18.5 M BTC. About Bitcoin. The world’s first cryptocurrency, Bitcoin is stored and exchanged securely on the internet through a digital ...

[index] [26181] [34283] [40616] [9641] [31024] [46501] [22428] [51131] [2465] [36247]

BITCOIN BREAK WITHIN 72 HOURS?! WOW!!! LIVE Crypto Analysis TA & BTC Cryptocurrency Price News

NOT INVESTMENT ADVICE Like, Subscribe, Comment & Share, if You Enjoy the Content. Thank you for your time and support. Videos will now be Monday, Wednesday, Friday Evening EST unless ... This video discusses the current bitcoin prices and technical analysis of the recent price action. Thank you for watching! Join our community of thousands of analysts working together to learn the ... 1,170 66. Don't like this video? Sign in to make your opinion count. ... Is the Bitcoin (BTC) price going to first see a drop, then a boom, in my opinion?! Let's discuss this live today and some ... How to Read the Bitcoin Charts Ultimate Guide to Bitcoins Trading 2014 - Just follow the simple trading methods shown here..... Bitcoins uploaded a video 5 years ago 1:06 WARNING: BITCOIN IS ABOUT TO DO SOMETHING IT HASN'T DONE IN 7 YEARS (btc price prediction today news - Duration: 39:09. Crypto Crew University 35,073 views 39:09

#