It’s no secret that the “trouble-maker” stocks like Netflix, Microsoft, Google and Amazon that may or may not have met earnings estimates caused the market to sell off this past week…
It’s caused a lot of people to think the market’s going to crash.
But from where I’m sitting, the worst is behind us because the Invesco QQQ Trust Series 1 (Nasdaq: QQQ), an ETF that tracks the Nasdaq 100, is diverging after falling 15% the past month.
When the Relative Strength Index is above 70, it indicates that a security could be overbought. An RSI reading of 30 — like it’s near right now — or less could mean a security is oversold and ready for a trend reversal or bounce.
The RSI is “nonsensitive,” which just means it takes a lot of pushing to get it to move...
You’ll notice how it seldom breaks the 30 level, which is a powerful signal that doesn’t happen often and tells us that the market is close to bottoming out.
Do you know how professional traders ride options into expiration?
And to be clear, I'm not talking about 20-cent options that are $5 out of the money on the underlying stock...
I'm talking about when you have an options trade that’s in the money — or when the price of the underlying stock is higher than the strike price of the option.
A lot of trading books and “experts” will tell you to close out ITM options before the week of expiration because of time decay...
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The Moving Average Convergence Divergence, or MACD, is a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price. The MACD is calculated by subtracting the 26-period exponential moving average from the 12-period EMA. The result of that calculation is the MACD line. A nine-day EMA of the MACD, called the "signal line," is then plotted on top of the MACD line, which can function as a trigger for buy and sell signals. Traders may buy the security when the MACD crosses above its signal line and sell or short the security when the MACD crosses below the signal line.
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