Options Case Study: The Retail Name We Are Targeting (pun intended…)
Options in PlayOptions Trades with Kurt Capra & Daniel DarrowToday’s video is going to talk about a trade that is going out tonight… in TGT. The company doesn’t report this week — but that’s exactly why we like the setup.
Continue Reading -->Black Room Prep: The Trades I’m Watching for Tomorrow
Sami Abusaad | Black Room LessonsIn this video, I go over my day and swing watch lists for tomorrow.
Continue Reading -->Scott Redler’s Tech Stock Breakdown: Citron Boosts Twitter
Tech’s always a big focus for me, so let’s go over some of my favorite charts sent to Redler All-Access subscribers this morning. Twitter (TWTR) has not been special, but this morning, I thought that trying it long vs. the $31.50 area could work. I went long some after the open, and then it got a boost from Citron Research, which issued this note:Here’s the initial chart I sent out:And here’s the followup chart I sent to RAA subscribers later this morning.I added around $32.85, and now I’ll try and trade around a swing long.Now let’s look at Google (GOOGL). It’s been a little sloppy and I got stopped out on Friday. I’ll see if I want to buy it again if it holds $1247 and acts well today. $1261ish is Friday’s high to watch.Apple (AAPL) still looks special and it was one of the first names to go green Friday. I nibbled a little this morning, because when the market wants to hold, AAPL seems to get ‘Go To’ status. It says that way as long as it holds $206.67. A strong move and close above $209.78 would be impressive.Alibaba (BABA) has been under pressure since the island top, and a lot of strength was sold around $200. It hit a low of $174.45 Friday. On Friday, it showed relative strength for the first time in a while and held the gains all day. I nibbled on some calls for earnings. Today, we’ll see if it says green to keep traders interested.And it’s not pure tech, but let’s look at Biotech (IBB) since it has so much attention. IBB is hanging on by a thread, and it really needs to hold $116ish. A hard close below that will get the active bulls out. If that happens, it will need more time to rebuild.
Continue Reading -->Why You Need to Know What Stage Your Stock Is In
Ryan Tonking | Black Room LessonsToday’s video talks about the importance of knowing what stage the stock is in before entering. We’ll use some current examples to show why this is so important to avoid unnecessary stops and early entries. We’ll also look at why it’s not always best to “catch the top” when you enter short.
Continue Reading -->Options Update: Getting Ready for Retail Earnings
Options in PlayOptions Trades with Kurt Capra & Daniel DarrowThis video is going to talk about Retail earnings which will pick up in pace this week. The XRT is right at its 52 week high and should have a busy stretch coming up.
Continue Reading -->My Favorite Day Trading Strategy for ‘Flawed’ Setups
Sami Abusaad | Black Room LessonsIn theory, only patterns with no major flaws should be playable. However, such patterns are rare, and limiting one’s trading to picture perfect patterns will virtually guarantee missing out on most days. As such, some patterns that are not considered “flawless” should become playable if the stock makes a move that fixes the problem. We call that a Secondary Sign of Strength (SSS or SSW when playing short).
Continue Reading -->Options Update: CROX Is Still Alive!
Options in PlayOptions Trades with Kurt Capra & Daniel DarrowToday’s video is going to be a follow-up on CROX. The stock has had a crazy couple days following earnings so we will talk about what’s next.
Continue Reading -->Options Case Study: When a Goose Follows a W
Options in PlayOptions Trades with Kurt Capra & Daniel DarrowToday’s video is going to talk about GOOS. The trade has some parallels to W that reported last week, which factored into the close of the position ahead of earnings.
Continue Reading -->A Unique Way to Catch Tops and Bottoms By Going Against the Trend
Sami Abusaad | Black Room LessonsIn the stock market, what seems low often goes lower, and what seems high tends to go even higher. However, most traders can’t resist a good bargain. The temptation to buy a falling stock is usually exasperated by the fact that falling stocks occasionally have notable bounces, perhaps on high volume, giving the impression that the stock has bottomed. In this video, we discuss what to look for and how to catch a falling knife “the professional way”. Watch the lesson, then join this week’s Black Room Open House.
Continue Reading -->The Basic Structure of a Black Room Trade: Part 2
Ifan Wei | Black Room LessonsA previous video discussed the necessary components of every trade, and how they affect the probability for a winning trade. This video explains why they are necessary even though they reduce chances of being “right.” Watch the lesson, then join this week’s Black Room Open House.
Continue Reading -->