It is going to be a short trading week and shortened weeks tend to be choppy. The Nasdaq and S&P came under selling pressure yesterday as the Dow Jones barely finished positive. Oil and energy performed exceedingly well.
I have been working on setting up an alert system on my Discord that will notify anyone when my alerts from Trend Spider trigger. This should be a better system that is faster and more efficient notifying my followers when my option or swing trading set ups alert.
For example, $V is hovering around major support. If $V bounce on the trend line (purple) that I have set an alert on, Trend Spider will automatically notify the VIP section of the Discord server. The format will look something like this:
Alert triggered: V 06/11 $235c on V, bounce at major support
I would like to thank Trend Spider for the awesome charting tools. It is one of the best technical analysis tools out there. Everything is automated for you if you are not so good at TA or don't have the time for it. Highly recommended to check them out. TRENDSPIDER.
Make sure you read the rules and react by clicking the emoji when you first join the Discord as shown below.
If you are having trouble message me on Discord or Twitter.
Waiting for set ups to trigger on the following before entering options:
Patience for a good entry is key.
New Alerts Added:
Alibaba Group Holding Limited, through its subsidiaries, provides online and mobile commerce businesses in the People's Republic of China and internationally. It operates through four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.
Although BABA is still in a bearish pattern, it is hard to find an analyst that doesn't have a 'buy' rating for the e-commerce goliath of Asia. There are major resistances that it is hovering around right now which it has rejected 4 times since its ATH in last October. More so now, the 50 day MA is here as well. Overall, I am bullish on BABA and if we can have another buying opportunity at the bottom support (purple line), I will be getting into calls around $220.
Verisk Analytics, Inc. provides data analytics solutions in the United States and internationally. It provides predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, global risk analytics, natural resources intelligence, economic forecasting, commercial banking and finance, and various other fields. The company operates through three segments: Insurance, Energy and Specialized Markets, and Financial Services.
Currently, VRSK is possibly bouncing on major support dating back to the March 2019 lows. I will wait until today to confirm a 'bounce' and if true, I like the $180 monthly calls.
Next, I've back tested data on a multi factor alert strategy on $SPY. Once the Stochastic RSI forms a bull cross on the day candles and only if the RSI is less than a constant value of 20. This has returned almost a 90% success rate in a little over a year. Once this triggers again, I will buy SPY weekly calls and only taking profit after 2-3 days.
The Travelers Companies, Inc., through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United states and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.
$TRV has been doing rather well and has found strong support along the 50 day MA. If it pulls back to this support, I believe calls up to $170 will work well here. TRV has been trading within a paralell channel since May of last year.
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