In today’s Daily Digest, we’ll review:
- New position in XLI.
- No adjustments are needed today.
- No exits since last report.
- Current status of open campaigns.
Let’s dig in!
Expert technical analysis of financial markets by JC Parets
In today’s Daily Digest, we’ll review:
Let’s dig in!
My family and I recently embarked on a memorable 4-day journey to Redwoods National & State Parks in the breathtakingly rugged landscape of extreme Northern California.
Words alone cannot do justice to the majesty of this region, nor can mere photographs fully encapsulate its grandeur. To truly grasp its magnificence, one must stand amidst the towering coastal redwood trees, with the rugged shoreline of Northern California stretching out before them, enveloped in the sights, sounds, and scents of one of the most remarkable forests on Earth.
Even the gentle rain that occasionally graced our adventure served to enhance rather than dampen our experience, intensifying the assault on our senses in the most fulfilling manner imaginable.
As we spent hours traversing the labyrinthine trails, venturing deep into the heart of the woods, a recurring reminder echoed among us: “Don’t forget to look up!”
Often, we found ourselves engrossed in the intricate dance of navigating the forest floor, only to be jolted from our reverie by a sight of newfound wonder above us. Whether it was the sight of another colossal redwood tree reaching skyward or the discovery of a captivating creature such as a banana slug or a majestic hawk soaring overhead, each upward glance revealed a world teeming with life and intrigue. We marveled at the sight of ancient fallen trees, now serving as vibrant ecosystems adorned with a tapestry of ferns, flowers, and mushrooms, providing sanctuary for an array of wildlife.
In the world of trading, akin to our woodland wanderings, we often find ourselves immersed in the immediate ebb and flow of market dynamics, closely monitoring every fluctuation in our profit and loss. [Read more…]
In today’s Daily Digest, we’ll review:
Let’s dig in!
In today’s Flow Show, Steve Strazza laid out the case of how both the Nasdaq 100 and Chinese tech stocks (particularly Chinese internet) might be signaling an important rise in speculative appetite which could fuel the next bull run.
Of the names Steve shared, the one that made the most sense to me was JD.com $JD. Check out this chart:
We’re looking at the past year in $JD and it feels to us that if this motor gets running, we could target the low 40’s with a good thrust which would be new 52-week highs.
Knowing that we might come into some overhead supply at those levels which could check the rise, and also knowing that upside call options are currently sporting some rich premiums, we’re going to put both of these observations to our advantage by utilizing a bull call spread.
Here’s the Play: [Read more…]
In today’s Daily Digest, we’ll review:
Let’s dig in!
In today’s Daily Digest, we’ll review:
Let’s dig in!
In today’s Daily Digest, we’ll review:
Let’s dig in! [Read more…]
The hangover from the massive ramp in NVIDIA $NVDA is shown pretty clearly in the current premiums in out-of-the-money options.
The big moves — in both directions — are still fresh memories for all participants in this stock over the past several months.
This sets up an opportunity to put on a high-probability bet that the range in $NVDA will consolidate a bit here. [Read more…]