Tag "trading setups"

Facebook Stock (FB): Bearish Short-Term, Bullish Long-Term

The FANG stocks (tickers FB, AMZN, NFLX, GOOGL) have lost their bite since the election, but they may be getting ready to bounce back. Facebook (NASDAQ:FB) has been particularly hard hit due to issues surrounding fake news items showing up in users news feeds. Some users also reported a bug…

IWM Russell 2000 Options Trade Review: Short-Strangle

Last week I posted a Case Study looking at a couple of Short Strangle options plays with IWM. The idea behind the case study was to see how the trades would perform and follow their progress. Again, this was with the iShares Russell 2000 ETF (NYSEARCA:IWM). After such a strong rally following…

S&P 500 Futures Trading Outlook For December 2

Stock Market Outlook for December 2, 2016 – The job numbers are released today at 8:30am ET and will provide volatility. Critical price support levels for the S&P 500 (INDEXSP:.INX) were broken yesterday. And this morning we tested our final target of the short for the setup in yesterday’s blog….

US Dollar Index Overbought: Is A Recharge In Order?

The US Dollar Index (CURRENCY:USD) is starting to catch traders’ eyes again.  The recent rally has been relentless, hitting Gold and Emerging Markets over the head. However, the US Dollar rally is now extremely overbought and looks due for a pause. Using the US Dollar Index Bullish ETF (NYSEARCA:UUP) as…

S&P 500 Futures Trading Outlook For December 1

Stock Market Futures Outlook for December 1 2016 – There’s a big news release day ahead of us. After a bullish setup in the pre-market yesterday, S&P 500 futures hit price resistance and retreated to lower support levels. This same action also happened on Nasdaq futures (an underperformer). The S&P…

Gold Update: Can The Yellow Metal Get Up Off The Mat?

Since the presidential election, there has been relentless selling going on in the gold market. Last Thursday, I highlighted Gold as being oversold and a potential trading setup to watch. Gold futures prices have fallen a bit further, demonstrating just how weak the yellow metal has been in November. One thing I stated…

Trading Ideas: Gun Stocks Look Interesting (SWHC, RGR)

Fear and panic purchases of guns should abate with the election of Trump and Republican-led majority in the house and senate. Assumed is that 2nd Amendment rights will be protected and all. This is evidenced by the big decline, roughly 15%, in two major gun stocks immediately after the election:…

S&P 500 Futures Trading Outlook For November 30

Stock Market Outlook for November 30, 2016 – Stock market futures charts look poised to expand as S&P 500 futures held price support near 2198 for a couple of days. S&P 500 futures are now holding just above price resistance as news sits slightly bullish all around. Pullbacks on the S&P 500 (INDEXSP:.INX) should…

Energy Sector Update: Is It Time To Fade OPEC?

Who knows what OPEC will actually do. And really, who even cares?  At least, that’s the trader in me. OPEC “noise” is just something that adds short term movement to crude oil prices and drives sentiment shifts in oil prices and energy stocks. Is it time to tune out the noise…

S&P 500 Futures Trading Outlook For November 29

Stock Market Futures Outlook for November 29, 2016 – Tuesday begins with a muted move to the north. S&P 500 futures are currently holding just above price support near 2199 – 2197.   I suspect we test that support level again yet we should remain bound by 2209 (overhead price resistance). Traders continue…