How Apple Can Stay Special After Earnings
Apple (AAPL) had a solid earnings report across the board and gave time to buy after hours around $194-$196. It cleared that and is at $198+ this morning. I trimmed some but will stay with some. We’ll see if the momentum stays. To keep it special, it has to stay above $196.Facebook (FB) has a huge hole in its chart post-earnings. On Monday, it broke $173 to hit a low of $166.56. Yesterday, it held above the low and I got long. Today, I’ll see if it holds $170ish for one more push above $174.24. But it’s hard to add on strength.QQQ held the 50 day Monday for an oversold bounce. Now we need to see if it builds. Bigger resistance is in the $178.50 area. Watch AAPL to see if it holds and builds, or sells down — that will tell us a lot about sentiment.
Continue Reading -->Apple Earnings on Deck: These are the Levels to Watch
Apple (AAPL) reports after the close today and as you know, it’s an important one to watch. There aren’t many names breaking out and holding to the upside, so the report needs to be super special. I have $190 calls on, which I might take off since there will be a decent premium baked in. But we’ll see. To keep momentum after hours, it needs to get and stay above $195-$196. If it misses, there is some support at $180ish, and then there’s the 200 day at $175.35.Amazon (AMZN) gapped up and couldn’t hold its momentum level of $1858-$1863. Then it sold down. Yesterday it started up and then was sold under $1805 to hit a low of $1766. Today it’s up again. See if it holds or if the same pattern continues. It’s important for tech psychology so keep an eye on it.
Continue Reading -->Where AMZN and AAPL Need to Hold Now
On Friday, Amazon (AMZN) gapped up and couldn’t hold the $1858-$1863 momentum level. It sold down. Now it’s up a bit this morning. This name is important to watch moving forward. Does it hold the $1805 area? Or will there be follow-up selling to hurt high-beta tech psychology?Apple (AAPL) tried to have a pre-earnings run but it sold down on Friday. Earnings are Tuesday after the close and I have calls on. I’m not looking to add. We’ll see how it reacts into the print. A move over $196 after earnings would help tech, but that’s a lot to ask for. SPX futures are -2. It’s hard to tell if the weakness in growth names will hurt the S&P. Today, we’ll see if we hold Friday’s low at 2808. But really, as long as we hold 2795ish, we can’t get too bearish. But it’s still a very specific type of trading action. Bios and small caps lost momentum, and lots of high-beta tech stocks are in the penalty box. AAPL earnings will be important.
Continue Reading -->AAPL Earnings & What We Are Expecting
Options in PlayOptions Trades with Kurt Capra & Daniel DarrowAAPL Earnings & What We Are ExpectingThis video is going to talk about AAPL and its earnings early next week. AAPL is behaving different than the other FANG stocks and there looks to be more upside coming for the mega-cap.
Continue Reading -->Examining a Healthy Trend – Part 2 | Black Room Lessons (24 Minutes)
Sami Abusaad | Black RoomRyan Tonking (24 Minutes)Today’s video we follow up to last week’s healthy trend video. Last week we talked about trends to watch out for as we come into earning season, and this week we got them. We’ll also look at some familiar trends from this week and what to continue to watch for.
Continue Reading -->Weighing the Risk in CELG | Options in Play Review
Options in PlayOptions Trades with Kurt Capra & Daniel DarrowWeighing the Risk in CELGThis video is going to talk about an open trade in CELG. We have been sitting in a butterfly call spread on the stock and with earnings coming up this week, we need to weigh our risk to reward.
Continue Reading -->WBA Ready to Rebound | Options in Play Review
Options in PlayOptions Trades with Kurt Capra & Daniel DarrowWBA Ready to ReboundToday Kurt Capra talks about the longer dated swing on WBA. Stocks that have cratered off AMZN headlines have had a history of strong rebounds and WBA is starting to follow that pattern.
Continue Reading -->AXP Options Trade | Options in Play Review
Options in PlayOptions Trades with Kurt Capra & Daniel DarrowThey Don’t All Work OutToday Kurt Capra talks about the AXP trade into earnings. It didn’t play out the way we were hoping but the setup was a solid one and worth the risk.
Continue Reading -->GE – General Electric Options Straddle | Options in Play (8 Minutes)
Options in PlayOptions Trades with Kurt CapraGE – General Electric Options Straddle | Options in Play (8 Minutes) In today’s video Kurt Capra discusses an options trade going out in tonight’s Options in Play newsletter. We think GE is set up well for a straddle and we will walk through our rationale for the idea.
Continue Reading -->Examining a Healthy Trend | Black Room Lessons (18 Minutes)
Ryan Tonking | Black RoomExamining a Healthy Trend (18 Minutes)Today’s video we break down what a healthy trend looks like, and if I’m in one, how I manage the position. We’ll look at a couple recent examples as we get prepared for earnings season. These trends are most prolific as we enter earnings.(see the follow-up to this video here)
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