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Exxon Drops Big On A Late Monday Morning

Is now a time for a reversal? When Exxon drops like this on a Monday morning it has the weight of the world's problems on it's shoulders. If it dropped double this amount you would know something is actually wrong. Here is it's five and one day charts. So anyone could recognize this. Why pick this time to look for a reversal? What happened to the support level at $118.00? Does the $118.00 level look like a stretch to far away? Now this. We are hoping for a pause in the downward action and hopefully a slight rebound. A rebound to $118.00 would work wonders. Here is it's 11:39 a.m. readout. A further deterioration downwards would be ugly but these Calls don't expire until Friday. The low volume of trading tells us that experienced option traders are not looking for any sort of a quick rebound. Let's see how this plays itself out. Now this, a 2:00 p.m. readout. Now a 4:00 p.m. readout. It took until noon to shake off the weekend sentiment but after that a rebou...
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Recognizing An Oversold Situation On A Monday Morning. Moderna

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Moderna. Let's start with a doggy stock that has a large short position. Now it's opening chart showing five days of trading. It's down. . Here is some news the market is digesting. Isn't this just more news of the same? Now a look at the 28.5 series of Calls at 10:25 a.m.. Now at look at the action at 11:00 a.m. The stock is up 20 cents. It's not enough of a move to get out however the stock is moving in the right direction. Now at 12:11 p.m. there isn't to much new to report. ..... Now this. Now at 12:50 p.m. I would be thinking of watching it trade minute by minute. Now this. It can't get much better than this. I would just get out. The morning fear factor that was attractive on the opening is now long gone. The reasons to now be holding this position have changed. It's called Monday morning daytrading. Selling into strenght can be a remorseful experience but one that most usually is quickly forgotten. I will check back in on this positi...
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Trump Has The Power To Move The Markets On No Real News. Some Insiders Will Have A Happy Weekend.

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Look at these charts. What's going on? ...... Look at this. Very few traders are holding option positions on any of these stocks because the last two years of trading have been a being of a nightmare. Here is an example of how one series of options on one of these stocks jumped on this news. Now later in the day. Now the closing Readings. This blog comes on the heals of writing about how crooked the stock Carvana is! I understand why some people have no interest in playing the markets.
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Carvana At Noon On A Friday - This One Is A Good And Quick Read.

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It's five day chart. Now it's one day chart. Now a look at it's Puts. Might the stock sell off before the close? Remember how I have constantly written blogs about the integrity of this organization. Tens of You tube videos attempt to address the same issue. Look at this! This company has a history of "pump-and-dump" schemes like this. Yes the big sharks know how to skim money off the markets. *** Even after this sell off on Friday afternoon Carvans was up $55.91 on the week.
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What Do I See Here? It's Disney In Nose Bleeding Territory.

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First it's five day chart. There was news this morning which might be attributable to this morning's jump in price. Ai news should always be taken with a grain of salt as it doesn't add to the bottom line profits overnight. The markets jumped today big time. Do markets sometimes take a pause after big jumps like this? That's the question and that's why I am attracted to it's one day Puts today just prior to the closing bell. A fifty cent selloff in tomorrow's premarket or shortly after would cause these Puts to jump by 50%. A double in price on the Puts would take a bigger move down than fifty cents. It's a risk however it's a risk worth taking because it gives you two chances to get out of your position tomorrow. One chance on a morning selloff and one chance on a gradual price decline as the afteroon plays itself out. Might the stock give back one half of what it gained today? Here is how it is trading in the aftermarkets on Thursday. One conc...
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