Chart Updates Rapid Fire Style 1102

>ORCL (bottoming): Follow either of the yellow lines. I think it bottomed and can meander up to 61+. If using options I would give it time. So I would own leap calls into Q1. chart

>CAT (caution): Caution. There could be a technical drop to 161.8/159.5/155/148. These are possible targets. chart

>AMD (levels): At critical level with visibility below. It will go by way of the markets. no edge as to hold or dip. chart

>CRM (opportunity): Could have some upside. Has fallen and close to a support zone. It will need the market's help. If so then CRM could rally up to 265 chart

>CSCO (trade setup): So bad it's good. So close to the covid low. Logic suggests that holds. chart

>EA (trade setup): Answer a question: Is Dec EA 105/100 credit put spreads okay? Yes, if you believe in my lines on the chart. I don't know the fundamentals but gaming should still be big. The question then is EA the company to bet on. Also ZNGA earnings this week. Are they related? will there be a sympathy move there? chart

>BA (update): I am staying long it. (long term commitment like I've shared a zillion times. A simple debit call spread out into next year to capture a move to 200+. So a $10 wide say 200/210 or anything around that. Short term it's the yellow arrow that I think is in play chart

>HD (update): Nice bounce but into several layers of resistance. There is support below but it better hold. I can condone Credit put spreads into December. chart

>MCD (update): I have conflicting scenarios. The bullish one takes it to 218/222//231. Vs. the other that says it could fall to 190. Honestly I think ...

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Weekly Preview 11/06 and Recap 10/30

HERE is the video recap of this week and the preview of next week.
Also, don't forget Sunday Charting session coming. 7 am pacific / 10 am eastern. I will send out a link tomorrow.

Nic.




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10/30/2020 Daily Market Edge - members only

Careful of the late dip into the close. Traders might want to de-risk into the weekend and next week.
Earnings notes:
1) Reactions on the headline have nothing to do with the quality of the reports. It's all about ...

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Shopify (SHOP) Wild Stock to Trade

HERE are a few thoughts that should help with this monster mover.

Enjoy,

Nic.

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Novavax: It's Important to know the range in play

There are some good opportunities for both sides of the arguments.

Watch it HERE.

Nic.

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10/23/2020 Recap - members only

Here is the weekly video recap.
There are huge opportunities for bulls and bears.
Well worth the few short time investment especially going into extreme uncertainty.

Watch it HERE.

Nic

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Weekly Preview 10/23 and Recap 10/16

> VIDEO: Week review and preview

I have trimmed it down to the things that really matter.

Nic

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10/14/2020 Recap - members only

>The day: Red. But nothing major yet the media is covering it like it's a correction already.
- WE WERE READY! This morning I shared the S&P chart it was accurate to the penny.
- Use this example to ...

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Important Bonus Note (do NOT miss this one)

So Tuesday didn't close the way the bulls wanted.
I wish we had some sort of a heads up on that....
BUT WE DID! Yes, the morning note had charts and they showed where the resistance would have come. Check ...

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Nikola NKLA Stock Was All the Rage. Now?

HERE are my thoughts and there could be a nice trade in there.

Nic

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Add Tools to the Toolbox - "Sentiment"

I have very few tools in my toolbox. I recently came across one I may need.

I am in the process of learning it so I will share my progress here.
The idea here is not that I expect it ...

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Sunday Charting Session 9/27

HERE is the video from today's charting session.

SPY SPX RUT DAX DB DIS AAPL MSFT TSLA ZM MU SQ PYPL MA V PINS MRNA THO KO AUD/JPY ICE

Nic

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Nic's chatroom is the best chatroom that I've ever had. It always has plenty of great info everyday. Nic is super committed to this group and shares a wealth of knowledge, and market news; not to men…
         
Nic is the Tom Brady of options trading, nothing exciting to watch but strategically brilliant and gets the squad to the super bowl.
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