on last friday CMG rallies to green on - 500pt day before closing slightly red on -600pt close on dow. held support at $489 and rallied back above that. no reason to be below $400. $500 coming soon. bad idea to short here.
looks like strong open around $411-412. market will most likely close green today and tomorrow as we go into long holiday weekend. Next week will be a different story.
in the bag this week. last week touched $414 2x back to back before brexit hit. today up strong as it approaches $414 again. lots of momentum this time with lots of room to run higher. Could even see $430 by friday. I expect $420 tomorrow with a close around $410 today. thats 2.2-2.5% from the close today.
paid $4.20... thinking $770's this week. BIDU ran up 7% last week, taking a day off. Googl still#1. I suspect GOOGL will try to fill the gap. Market not going down this week. OPEC will approve increase in oil prices. Oil will go up this week as well, get ready for higher gas prices this summer boys.
sold at $4.2, paid $2.8. thanks for the boost in confidence. It may run a bit more, but I came a long way from the bottom and locked in profits. 80 contracts.
so as it goes up they liquidate the short calls for a profit, thus pushing higher. i like it
im almost back to green. reversal looks good. should see $223 in a few minutes. Glad to see someone on here who wants to talk stocks and not other BS.
im in the calls at $223, so I'd be happy with a run back up to $225-226. They could drop it and close at $220... but with the run up yesterday, momentum should kick in at the 2% drop this morning and run back up like you said. Same thing happened with AAPL this morning, went to $99.2, then all the back up to $100.40. wish me luck!
low volume, it generally starts out slow and then should pick up after 12:30pm. markets should close green
Based on recent chart movements and stock price $14 seems like an inflection point.... If it breaks above that, it could move up to $15.50 which is where the next big resistance is set. That being said, the market is at a stale mate right now from completing the "W" formation. The market could pull back 3-4% before BAC and the market makes it's move. OR BAC could just be stopped at $14 and retrace back to $13 where the next support line is below. Either way, there is definitely some BIG money to be made here if the cards play right. Either way, a straddle/strangle will be an easy money maker at the 13.50 or 14 mark.
Personally, I can see this going to $15 or even as high as $17 by May 1st which is where BAC was in the beginning of Dec. Earnings due out 4/14/16 which is 1 day before opt ex. The $14's are .36 and the $15 are .09
Sentiment: Strong Buy