This is a follow up article to one I wrote last week on the NASDAQ. The index continues to push up towards a major resistance level at 4,800 and I’m on the lookout for any potential bullish ascending triangle breakout to follow in the steps of similar breakouts already executed on the S&P500 and DJIA.
I have put in order to sell the Nov 21 $22.50 Put Option on WGO. The stock has been consolidating in a bullish wedge for almost 12 months but this follows on from a previous bullish triangle breakout back in 2012. I have noted a TC buy signal on my daily charts and the stock […]
The NASDAQ index and some of its stocks are worth monitoring as the index trades back up to the region of its all time high. Any bullish breakout and continuation on the index would suggest a similar tangent for its stocks. Some NASDAQ stocks on my watch list are setting up with potentially bullish patterns and appear […]
Cisco is looking quite strong at the moment and I will be buying the stock and selling OTM Call options as well as selling Puts.
The Bear Flag technical patterns on the E/U and A/U look well underway now but that on the Kiwi, whilst it is trading below major support, does not look as convincing just yet.