Managed Portfolio Account Update | January 19 2020 $NFLX $TSLA $ZM

Managed Portfolio Account Update | January 19 2020 $NFLX $TSLA $ZM

Market Summary for Jan 19, 2020 

Portfolios $QQQ/$SPX: For now we have not enough elements to consider the market might start falling this week. We have adjusted stops to secure liquidity and gains but in general terms we can not advise aggressive reduction in portfolio’s holdings. 

To make our approach more probable we need $QQQ to move past 319 while $SPX needs to clear 3830. Once the market clears 3830 immediate targets should be at 3880 area. Our target for $NDX has been 13518, we will monitor lines if/after that occurs to provide further extensions for NDX to 14220.

Additionally to this and depending on how the market opens tomorrow we will be buying any important pullback that occurs intraday; especially if we have a strong opening that allows us to take more gains or to trail up more our stops in some of our core positions.  

Stocks:

$TSLA: We have not had enough parameters to reduce TSLA aggressively, without enough patterns the best we can do is to adjust our stops. Once TSLA clears 870 has enough probabilities to  gain traction for 967 or 1045. Immediate support is at 841. Max support is at 637. 

$NFLX; Reports today, it has been consolidating for a long period of time. Has very low probabilities for 570 this afternoon but is part of our strongest cores; we are entering long into earnings. 

$ZM: One of our top holdings, needs above 403 to solidify calls for a major bottom followed by moves above 426/427 to gain traction for 700.  (Bigalowlink). 

$BIDU: We have been buying BIDU on breakouts and pullbacks since BIDU has probabilities to double or triple in price within the next 12 months. Today to secure liquidity we could consider stops at LOD. 

$TAN: We have been adding TAN on breakouts and pullbacks, since it has enough probabilities to double in price, we have made the solar sector a core sector considering it can expand consistently during the next three years. 

$EWY: South Korea ETF, is probable EWY can go for the standard extension at 132 with resistance at 155.59, support is at 83.49 right now and resistance is at 98.71. We have not added yet. 

$FB; Was close to our targets at 235 during Friday’s retrace, we added on Friday and we sold in order to accumulate SFIX and AVAV. Now, above 260 the next resistance for FB is 269. We recommend using 260 as a reference line for stops on the long side. 

$ROKU: We have been adding to ROKU, support is now at 402 and average resistance is 443, next extension above is 483, followed by 507. The 483/507 area are pragmatic targets.

$TSM: We have repurchased a core position on TSM after stopping out pre -earnings, next resistance is at 134.74 and next standard extension higher should be 164. For now we have parameters to buy on pullbacks; support lines at 119 and 113.

$TNA: We repurchased TNA on Friday, standard support from last breakout should be 73.72 (MPlink). 

$XPEV: We have been accumulating. (Alt10link) Immediate target should be 58. Only above 58 and 59 we can project 61.49 which if taken will give us probabilities for 67.86. A conservative average would be 62 at this moment. We favor the conservative target.

$QS: As we have mentioned we are long, and it has had best parameters to add looking for 60 at a minimum, last low at 45.51. We are monitoring. While 30 is a standard extension on the downside we are not very sure we can see that area. 

$SNAP: We have not had parameters to repurchase SNAP, we are waiting.

$MTCH: We are monitoring MTCH to start a position, immediate support at 139 followed by 119 and much lower is 106.

$XL; We have been monitoring but until now we have no parameters to add, immediate resistance 23.82 and a standard extension down should be 12.

$JKS: We have had parameters to add to JKS and as part of our strategy to accumulate green energy we have been accumulating solar names. For JKS 65.60 is immediate resistance, breakout line is 74 and 91 should be one percent retrace. We will monitor; at the moment MA has a 2 percent allocation on JKS. 

$ZM: One of our top holdings, needs above 403 to solidify calls for a major bottom followed by moves above 426/427 to gain traction for 700 again.  (Bigalowlink). 

$PTON: We have best parameters to consider that once PTON manages to clear 167 we can project 214 as target followed by standard extension at 267. 

$FSLY; Has completed a standard retrace at 81.35, needs to clear 101 so we can project a target at 117. 

$FCEL: As part of our green energy strategy, we have been accumulating FCEL, PLUG, BLDP and QCLN. 

$LLY: we have not had clear parameters to add, support now at 176.56 and immediate extension higher at 217.84. We have long term parameters to add on important pullbacks. 

$AVAV; We had parameters to add AVAV on pullbacks, we added on Friday, January 15th selloff. 

$NKLA: Standard support at 17, assuming can hold this line without breaking last lows at 13.51 can take advantage of current setup and trigger another 3rd wave up. NKLA has demonstrated to be a strong company so we can not assume an uber bearish stance on it. 

$PLAN: We are long PLAN, but this still can not breakout, we are waiting, immediate support at 64 with immediate resistance at 79 and 85.

$ARKG: Has had best parameters to accumulate, we have proceeded to add on pullbacks and breakouts as part of our strategy of growing our exposure in the biotechnological sector.

These are some highlights on what we have in the Managed Account portfolio, in which we providing charts, entries, setups targets stops, and other insightful notes on regulars bases for our members. if you would like to have more insight and reports on the Managed Account (traded actively) please contact Seeking Options Team – RQLAB via [email protected] subject line “Managed Account” Check us in chat room – Platinum Service.

Good Luck..

Again we will give more detailed trade setups and targets,  please check us our  Chat Room..

check this link for options

Access to the Trade of the Week Click Here


SeekingOptions.com its partners and/or 3rd party affiliates are in open entry/closing positions in all of the above stocks, options, or other forms of equities. The trades provided in the above daily/weekly watchlist are simulations based on SeekingOptions oscillators strictly for educational purposes only, and not to solicit any stock , option or other form of equity. Under Section 202(a)(11)(A)-(E) of the Advisers Act this information is not considered investment or portfolio advisement from an authorized broker registered by the S.EC. (Securities Exchange Committee) and is limited to the scope of education in the form of market commentary through simulated trades via SeekingOptions.com indicators, and other educational tools.

U.S. Government Required Disclaimer – Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

Use of any of this information is entirely at your own risk, for which SeekingOptions.com will not be liable. Neither we nor any third parties provide any warranty or guarantee as to the accuracy, timeliness, performance, completeness or suitability of the information and content found or offered in the material for any particular purpose. You acknowledge that such information and materials may contain inaccuracies or errors and we expressly exclude liability for any such inaccuracies or errors to the fullest extent permitted by law. All information exists for nothing other than entertainment and general educational purposes. We are not registered trading advisors. SeekingOptions.com is not a registered investment Advisor or Broker/Dealer. TRADE AT YOUR OWN RISK

 

Managed Portfolio Account Update | December 2n 2020 $TSLA $AMD

Managed Portfolio Account Update | December 2n 2020 $TSLA $AMD

Indexes

Our reference is the QQQ, TQQQ:

We have increased TQQQ with stops, we have set stops for this new position at 149. We have not had a clear or consistent parameter to reduce portfolios aggressively, in accordance we continue looking for long opportunities.

TSLA and ZM:

TSLA: We have been expecting 600 to produce a sizable pullback on TSLA. Yesterday, December 1st we added back some shares with stops at 561. If this position stops out, our plan is to build a core between 546 and 525. Once this consolidation completes we will look for 775 as the next target on the upside for TSLA.  We have nailed the 40% move in $TSLA with some high figure trades shared before the move. 

ZM: Report was excellent, the company is not only growing at a fast rate, has now built a solid financial position with a healthy balance sheet. Probabilities indicate that for now we must wait for dust to settle and take advantage of further weakness in the price. Range of downside I see from here is 378/346. Should we use stops? Not; is a position to accumulate. Our target is 645/700. 

Stocks summary:

SQ: we have parameters to accumulate. Supports at 187/197. 

GOOGL: Last low for GOOGL was 1747.84 a level to consider for stops.

AYX; We still lack enough parameters to add to AYX. Next important range is 91/86

JKS: We had not a clear parameter to set stops on JKS, we still hold the position as a core. 

NVTA: Since it is a position with targets at 95 for now we have no parameters to set a proper stop. We have had the best parameters to accumulate, and we have accumulated. 

PLAN: We have parameters to buy PLAN on pullbacks.

AMAT: We had consistent parameters to start AMAT, support is at 62 and 103/123 are standard lines for targets.  

SE; We will take advantage of weakness on SE to repurchase the position. Support at 166/154.

MRNA: MA stopped out of full position on MRNA at 165. We had probabilities to and so far repurchased 23 percent of position at 141 yesterday. Some companies are of our interest in the XLV sector: MRNA, ABBV, NVTA. For conservatie accounts 114 could be a better line to rebuild MRNA position. We will take advantage of MRNA to build back our position.

NKLA: We have accumulated NKLA according to our parameters for targets at 63.

FVRR: We have not had the best parameters to add to FVRR, but since our target is 313 we can wait for a move past 213 again and then look for stops at 189. We have parameters to accumulate on pullbacks too. 

ABBV: We had not the best parameters to overweight ABBV, so we added but we set stops at 102 for the position. 

AMD: As one of our candidates to double or triple within the next year or two, we added to AMD, now we have stops at 93 for the position.

SEDG: We had pragmatic parameters to add back some SEDG, in accordance we repurchased. 

ROKU: we have a pragmatic target at 393 for ROKU, we stopped out yesterday Dec. 1st at 280. We will look for reentries. 

UPS: We have not had parameters to rotate  capital for UPS to TTD. We have parameters to consider 976 as a target for TTD, 12 percent upside off current levels at 871.

TSLA; we are considering 541 and 525 range to rebuild our position in TSLA. 

CRM: We had parameters to repurchase CRM after earnings, so far we have purchased 50 percent of planned purchase. 

NFLX: Continue being a core position, we have not had parameters to sell or reduce.

WORK: We had parameters to sell WORK yesterday, December 1st. We proceeded.

PTON: We had clear parameters to add to PTON, we started a position.

These are some highlights on what we have in the Managed Account portfolio, in which we providing charts, entries, setups targets stops, and other insightful notes. if you would like to have more insight and reports on the Managed Account (traded actively) please contact Seeking Options Team – RQLAB via [email protected] subject line “Managed Account” Check us in chat room – Platinum Service.

Good Luck..

Again we will give more detailed trade setups and targets,  please check us our  Chat Room..

check this link for options

Access to the Trade of the Week Click Here


SeekingOptions.com its partners and/or 3rd party affiliates are in open entry/closing positions in all of the above stocks, options, or other forms of equities. The trades provided in the above daily/weekly watchlist are simulations based on SeekingOptions oscillators strictly for educational purposes only, and not to solicit any stock , option or other form of equity. Under Section 202(a)(11)(A)-(E) of the Advisers Act this information is not considered investment or portfolio advisement from an authorized broker registered by the S.EC. (Securities Exchange Committee) and is limited to the scope of education in the form of market commentary through simulated trades via SeekingOptions.com indicators, and other educational tools.

U.S. Government Required Disclaimer – Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

Use of any of this information is entirely at your own risk, for which SeekingOptions.com will not be liable. Neither we nor any third parties provide any warranty or guarantee as to the accuracy, timeliness, performance, completeness or suitability of the information and content found or offered in the material for any particular purpose. You acknowledge that such information and materials may contain inaccuracies or errors and we expressly exclude liability for any such inaccuracies or errors to the fullest extent permitted by law. All information exists for nothing other than entertainment and general educational purposes. We are not registered trading advisors. SeekingOptions.com is not a registered investment Advisor or Broker/Dealer. TRADE AT YOUR OWN RISK

 

$TSLA ALL TIME HIGH  | DOW 30K

$TSLA ALL TIME HIGH | DOW 30K

Indexes:

SPX: We have not had parameters to aggressively reduce portfolios. Probably for this week we won’t reduce them. We had the best parameters for a rally on $QQQ today. We added $QQQ calls 12/04 … $291 strike … @ $3.85 , Sold some for 4.6.

Stocks Summary:

$LYFT: Once one of our top holdings. We have no parameters to add. It is not clear enough for now to start a trade/repurchase for LYFT.

$TSLA: 596 target for TSLA has been validated as secure. Hitting the target this week depends on TSLA holding 524/513, max support lines. We have had parameters to overweight TSLA and we have proceeded in that way. Immediate resistance is 550.

$NFLX: We have more than enough parameters to consider 700 as a valid target for NFLX within the next three months.

$ZM: We consider 571 as a valid  (conservative) target for ZM.

$GOOGL: We have over weighted GOOGL according to our long term target at 2183.

$XPEV: New hot stock, XPEV, has the best parameters to hit 100. Important supports at 60 and 52.

$NVTA; We have parameters to consistently buy the pullbacks on NVTA. Impulsive support is at 46, technically while 46 holds, standard target should be 57 with resistance at 61. We have willingness to add more to this stock on retraces.

$SNAP: We have no parameters to sell SNAP, contrary to that approximation, we have parameters to overweight the stock which we have done. Next extensions are at 48 and 54. Support at 39.35.

$SE: We have not a clear parameter to define targets on Sea Limited (SE), impulsive support is now at 166.92.

$PLUG: Support should be 23.72 we have a small position on PLUG.  Secure target should be 32.

$SQ: Support should be 196, we stopped out at 205 this morning. We reduced our leverage on the name and we now only hold 100 shares with stops at 195.90.

$FEYE: We have no parameters to add to FEYE at this price, support lines are at 13.56 and 12.37. We are watching those lines to add this name.

$NKLA: We stopped out on the name this morning at 35, we will look for reentry levels that allow us to sell at 40.51. Our pragmatic target on NKLA is 63.

$GE: Stops for GE should be at 10.4, we have parameters to sell GE and we do not think it is wise to go for 11.31. At least from here.

$BYND: Not best parameters to overweight BYND, if impulsive needs to hold 134. Below 134 is important BYND can hold 129 to gain probabilities for further long term upside. Our long term confirmed target on BYND is 327. BYND is a core position.

$AMD: We consider AMD to be one of the best stocks to accumulate for doubling or tripling during the next 12 months, sizable pullbacks are buyable too.

$TTD: We have had the best parameters to rotate from ASML to TTD.

$IWM: We have not had parameters to add to IWM, contrary to adding we underweighted IWM and rotated capital to XPEV.

$UPS: We had the best parameters to add to UPS, support should be 157, resistance at 186 and standard target at 215, we added back  UPS today.

$SHOP: A pragmatic stock to add, support at 877, resistance at 1096, standard extension to 1315.

$AVAV: We had parameters to add to AVAV with stops at 79. Holding above 79 makes a case for 100.85 and 116.99.

$SEDG: One of our strongest stocks, stock is strong enough to make 373 a probable target for this name. Stops should be set at 243.

These are some highlights on what we have in the Managed Account portfolio, in which we providing charts, entries, setups targets stops, and other insightful notes. if you would like to have more insight and reports on the Managed Account (traded actively) please contact Seeking Options Team – RQLAB via [email protected] subject line “Managed Account” Check us in chat room – Platinum Service $150 Monthly.

Good Luck..

Again we will give more detailed trade setups and targets,  please check us our  Chat Room..

check this link for options

Access to the Trade of the Week Click Here


SeekingOptions.com its partners and/or 3rd party affiliates are in open entry/closing positions in all of the above stocks, options, or other forms of equities. The trades provided in the above daily/weekly watchlist are simulations based on SeekingOptions oscillators strictly for educational purposes only, and not to solicit any stock , option or other form of equity. Under Section 202(a)(11)(A)-(E) of the Advisers Act this information is not considered investment or portfolio advisement from an authorized broker registered by the S.EC. (Securities Exchange Committee) and is limited to the scope of education in the form of market commentary through simulated trades via SeekingOptions.com indicators, and other educational tools.

U.S. Government Required Disclaimer – Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

Use of any of this information is entirely at your own risk, for which SeekingOptions.com will not be liable. Neither we nor any third parties provide any warranty or guarantee as to the accuracy, timeliness, performance, completeness or suitability of the information and content found or offered in the material for any particular purpose. You acknowledge that such information and materials may contain inaccuracies or errors and we expressly exclude liability for any such inaccuracies or errors to the fullest extent permitted by law. All information exists for nothing other than entertainment and general educational purposes. We are not registered trading advisors. SeekingOptions.com is not a registered investment Advisor or Broker/Dealer. TRADE AT YOUR OWN RISK

 

Indexes on July 2nd 2019 | $SPX, $FB, $GOOGL, $MU, $IQ, $NVDA #FinTwit, #Trades

Indexes on July 2nd 2019 | $SPX, $FB, $GOOGL, $MU, $IQ, $NVDA #FinTwit, #Trades

Reacting to fear without asking first for the advice of an expert  is something I will always regret. 

Before entering a position you should  have defined the line where your probabilities are diminishing and you can set your stop below that line. We are humans, we could have made a mistake by misreading the signal we used to enter a position or if you use a timing-probabilistic system, your system might have gotten re-calibrated some few seconds and that might cause an error that will affect the results of your trades. How long will it take for the trader to realize that something went out of sync? 

Additionally to this, the wave count a trader is using on any instrument might be wrong, for this purpose is always good to have a consultant who you can ask or compare your own work, in my case I always take a look at what Avi Gilburt, Xenia Taoubina and Joel Withun are watching and during very critical times I pay very close attention to Avi Gilburt’s analysis. It does not matter how good you are, in times of fear and crisis you need another expert to review your work.   During critical times, always ask before making a move, this way you will avoid fear, optimism or excess of compassion affect your work. 

Learn from your mistakes, recognize the time you are within a cycle and adapt, just by recognizing the moment you are you will improve tremendously your work. I observed my positions were being too big, so I have reduced them in size, widening initial stops and trailing my stop according to how the price moves in the direction I projected. 

Indexes.

At this moment for $SPX the only dependable count I have is on (Alt3link). Based on this chart the market can consolidate above 2942 and requires a break below 2901 to consider that something much more bearish is occurring.

The other wave count is a bit more awkward but valid. I have it on (Alt1link). By observing these two counts what I can infer is that our level of risk is at 2901 $SPX. Right now resistance is at 2972.5 followed by 3007.8. Once/if the market clears 2972.5 the only thing to watch would be the potential reactions at 3007.8  if $SPX gets to that point. .

For stocks, you might remember that on my last update we mentioned;

Regrettably $GOOGL, which I thought could give us a clue  where the market might bottom in this area is gaping down below 1093, with next valid extensions at 1048.23. $GOOGL  now has resistance at 1086.

$NVDA is the other stock hitting an important level, the -2.764 extension is at 129.44. Developing five up off these levels, would indicate might bottom with the market, since $NVDA is part of the SMH sector, should make sense they rally in next wave. (MPlink).

Well, $MU and $NVDA rallied 30 percent off the lows and yesterday we offloaded all what we had purchased below 170 on $NVDA and below 41 on MU. Now we are  waiting for better parameters to buy a pullback on the SMH sector.

Additionally we are waiting for $GOOGL to make a move back above 1126 to make any long trade more secure. On $AMZN my reference is 1872, below this level downside pressure might accelerate, above this 1872 level I consider ideal target should be 2003.

Will talk about $FB and $IQ later.   Check us in room

Good Luck..

 

Seeking Options Team – RQLAB Please email us if you want to be part of this group at [email protected]

 

Again we will give more detailed trade setups and targets,  please check us our  Chat Room..as low as 15 dollars.. check this link for options

 

Access to the Trade of the Week Click Here

 


 

 

 

SeekingOptions.com its partners and/or 3rd party affiliates are in open entry/closing positions in all of the above stocks, options, or other forms of equities. The trades provided in the above daily/weekly watchlist are simulations based on SeekingOptions oscillators strictly for educational purposes only, and not to solicit any stock , option or other form of equity. Under Section 202(a)(11)(A)-(E) of the Advisers Act this information is not considered investment or portfolio advisement from an authorized broker registered by the S.EC. (Securities Exchange Committee) and is limited to the scope of education in the form of market commentary through simulated trades via SeekingOptions.com indicators, and other educational tools.  

 

 

 

U.S. Government Required Disclaimer – Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

 

 

 

CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

 

 

 

Use of any of this information is entirely at your own risk, for which SeekingOptions.com will not be liable. Neither we nor any third parties provide any warranty or guarantee as to the accuracy, timeliness, performance, completeness or suitability of the information and content found or offered in the material for any particular purpose. You acknowledge that such information and materials may contain inaccuracies or errors and we expressly exclude liability for any such inaccuracies or errors to the fullest extent permitted by law. All information exists for nothing other than entertainment and general educational purposes. We are not registered trading advisors. SeekingOptions.com is not a registered investment Advisor or Broker/Dealer. TRADE AT YOUR OWN RISK

 

Indexes on July 2nd 2019 | $SPX, $FB, $GOOGL, $MU, $IQ, $NVDA #FinTwit, #Trades

$SPX, $AAPL, $NFLX, $IWM, $QQQ, For june 5th 2019 | #FinTwit, #Trades

Timing is everything

At the moment most traders were looking for a breakout above 2950, we certainly had priced this level as a toxic line. Timing is everything, having a mental stop loss is always needed, and a hard stop at a critical area, will preserve capital. Going to the top of a tower requires a harness. Does not matter how effective is our system, a mental or a hard stop is needed, if we can not price properly a stop loss or the stop loss is too wide, probably the instrument being analyzed should not be traded. Most importantly, once a trader has verified that a line is lethal or toxic, he should stay away and give enough time, a month or two month, for the pressure that resides in that line be released and a new tradable pattern can appear.  

This a critical area. In other time or years ago, I could have set 2720 as a target and considered it as a secure level  based on the opinion constructed on the indicators we track. But now we demand more from markets and there are some elements for a pullback tomorrow.


SPX, support should be 2787, below this level, the high struck today was a B/1 up with next standard retrace  at 2779 (MPlink). The .764 of the move off 2728 is at 2753. In case the market opens at 2833, tha only should complete the red five.

IWM, scarcely broke below 149 today, no change, below 148 next dependable retrace is 146.42 the .764. (IWMlink).  Above 149 there is resistance at 142.04. In case IWM opens at 152 that should complete the 5th of C up.

QQQ, three waves up off the lows at 176.83 (QQQalt9link). . The two stocks that participated more were AAPL, NFLX and FB.

AAPL still can see a corrective retrace toward 178.

FB has a critical weekly structure.

NFLX has broken some resistance, might print five up at 362.

AMZN, held support at 1717 this morning

Stocks

NIO, not lower lows today. Next support at 2.41.

IQ, not structures for a bottom yet.

TWLO, consolidation above 128.47 bodes well for TWLO, could be traded with protection versus this level, with a decent target at 153. Have always liked TWLO, and while above 128.47 should be an outperformer (EW1link).

SHAK, rejected at 1.382 but holding the 57 line which is critical for further advance to 82 (EW1link).

BYND, reports tomorrow, might develop an abc to 92 with some support at 88 (EW3link).  

SFIX, has a problem with the 2.118 extension in this case 30.32, if truly bullish stop should be 29.88 preparing for 40.20 or new highs on this stock (EW1link).

 

Good Luck..

 

Seeking Options Team – RQLAB Please email us if you want to be part of this group at [email protected]

 

Again we will give more detailed trade setups and targets,  please check us our  Chat Room..as low as 15 dollars.. check this link for options

 

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