by Trent Smalley, CMT | May 6, 2019 | Investing, Stock Market Commentary
The weekly risk/reward setups were put together on Sunday morning, pre China / US Tariff headlines. Understand that implied volatility of options will now cause options premiums to become more expensive. I am planning to target calls in IWM, KRE, and possibly KWEB....
by Trent Smalley, CMT | May 2, 2019 | U.S. Stock Services Weekly Newsletter
[vc_row][vc_column][vc_column_text]I am posting just a quick SPX count update as the original rising wedge idea seems to be right on track. Pushing below 2915 and then 2888 will confirm completion of the wedge pattern and a quick retreat at 2800 – as part of a...
by Trent Smalley, CMT | May 2, 2019 | Stock Market Commentary
Do you ever take time out of your day to sit in a quiet place, free of noise and distraction, to just think? If you don’t you should make it a habit to do so. It is a form of meditation, a pit row if you will for that race car in your head that was designed to...
by Trent Smalley, CMT | May 2, 2019 | U.S. Stock Services Weekly Newsletter
[vc_row][vc_column][vc_column_text] ADBE DIRECTION BUYZONE SELLZONE RISK/REWARD VEHICLE LONG 275-280 310-315 -5/30 OPTIONS This past week, ADBE broke out, invalidating a top near the $280 price level. We should now expect that former resistance becomes support and...
by Trent Smalley, CMT | May 1, 2019 | Stock Market Commentary
And just like that, it’s May. Let’s get right to it… My team and I have taken a position in Philip Morris calls. Not because we condone smoking, but because we are next level market technicians that have about 30 years of experience doing analysis...
