My #TheStrat ideas for 12/21, daytrade/short swing, not sure yet.
$MRNA 3-2-2d < 275.12 (260p or 265p)
$ZM 2-2d < 197.08 (190p)
$AAPL 2-2u > 170.57 172.5c | 167.5p < 167.49
Read on for details and charts and @Tradytics #AlgoFlow…
Still testing and watching flow here to see if I can combine this with possible targets as well as get some extra confidence.
$MRNA 3-2-2d Daily < 275.12
As mentioned on Twitter today, also a possible 50% rule short candidate for the week now. (The first one from my watchlist, surprisingly!)
Idea: possible 3-2-2d below 275.12 (12/23 265p or 12/31 260p to get some more time), FTFC down as well
PT: 269.00, 256.97 (weekly magnitude)
The Tradytics AlgoFlow is surprisingly bullish on $MRNA on the 1min and 5min chart, so I’ll watch this as well.
$ZM 2-2d Daily < 197.08
Idea: possible 2-2d Reversal Daily below 197.08 (12/23 190p), FTFC down
PT: 183.35, but tbh I’m not aiming at this, going with an in-between target for the strike at around 190 and I’m happy if it dips deeper.
Tradytics agrees here and AlgoFlow predicts a 5min flow around 185 and down.
$AAPL 2-2u > 170.57 Long play
Idea: possible 2-2 Bullish Reversal above 170.57, still has FTFC up
PT: 173.47 for a quick daytrade
Tradytics has the AlgoFlow for $AAPL slightly bullish on the 5min chart…
However…
$AAPL 2d weekly < 167.49 Short play
I never should(!) short AAPL but let’s write about it, nothing wrong with it? :)
Idea: The weekly 2u-2d has not reached it’s target of 164.28 (yellow line on chart)
PT: 164.28
For chart look at the long play, targets are marked
On the 1min AlgoFlow Tradytics shows still bearish flow…
Some additrional ideas for possible swings into the end of the year (eyeing on at least 12/17 or 12/31), but be careful there might be some profit taking tomorrow.
Oh what a week we had on the stock market. Huge volatility, perfect for trading both sides. However, such a volatility and that drop on Friday also means that long-term investments took a hit here.
See below what my thoughts are for the next couple days.
Not expecting it to go ITM, but a quick dip back to 305.09 could made some profits. I chose the 305p because it’s cheap compared to a 310p, and I won’t hold that contract the whole day. Theta will eat up fast. A short dip at open and then back to new ATH please!
$FSLR 3-1-2d < 103.29 PT: 101.27 swing (see below)
See below for charts…
$NKE 2u-1-2u > 172.74 PT: 174.00, 176.53
Possible 2-1-2u Bullish Continuation measured move. Closed as an inside day and FTFC up, inside week currently, so currently double inside week waiting for a break of 176.53 to the upside, 166.63 to the downside. However it’s a daytrade.
My Idea: 11/19 175c (don’t expect to go ITM, but is more liquid and not as spready as the 172.5c)
$NET 3-2-2d < 208.11 PT: 204.64
Possible 3-2-2d Bearish Reversal at the ATH so possible exhaustion risk. Keep in mind that $NET is green on the month and week and as both 2u in force! If it breaks 20811 to the downside my target is 204.64. A possible enter on the 4hour chart at break of 209.63 with a 3-1-2 Reversal would also possible but more risky.
My idea: 11/19 205p
$ORCL 2-1-2d < 94.85 PT: 94.02
Possible 2-1-2d Bearish Reversal. Has an outside week and up but got rejected today. Month also inside and red, so mixed FTFC.
My idea: 11/19 95p ITM and quick profit possible on a dip down
$FSLR 3-1-2d < 103.29 PT: 101.27, possible outside month swing!
A bit unusual on my daily list, because longer term and swing. Possible 3-1-2d Bearish Reversal on the daily. FTFC down and ouside week in force. Also the month 2u failed and is red with a possible magnitude on last months low at 92.76 (using 50% Rule from Sarah here). 100.00 is psychological level that needs to break for the monthly target.
My idea: 12/17 95p long term swing, or day trade 11/19 103p
