iShares Russell 1000 (IWF) Update for 1/2/2020

The iShares Russell 1000 (IWF) snapped a 2-session losing streak with the late day peak reaching $176.06. Near-term and lower resistance at $176-$176.50 was cleared but held. A close above the latter would be a bullish signal for a retest towards $177.50-$178 and fresh record highs.

Current support is at $175-$174.50. A close below the $174 level would signal a near-term top with additional risk towards $173-$172.50.

RSI is trying to level out after holding support at 70. A close below this level would signal additional weakness towards 65-60. Resistance is at 75-80 with the latter representing overbought conditions from last week and January 2018.

sc.png

Bullish Action in the VIX

The S&P 500 Volatility Index ($VIX) fell for the first time in 3 sessions despite tagging a midday high of 15.39. Upper resistance at 14.50-15 and the 200-day moving average was breached but held for the 2nd-straight session.

The fade to 13.75 afterwards and close below prior and upper support at 14-13.50 was a healthy signal volatility is easing and may have peaked. A close back below the 13 level and the 50-day moving average before week’s end would be a more bullish development and signal a possible return to all-time highs for the market.

sc.png

S&P 500 Volatility Index ($VIX) Settles at Bearish Reading

The S&P 500 Volatility Index ($VIX) tested a low of 12.55 with last Friday and key support at 12.50 holding on the market’s opening gains. The surge to 15.27 afterwards breached lower resistance at 15-15.50 and the 200-day moving average but levels that held into the closing bell. There is upside risk towards 17-17.50 on a move above the 15.50 level.

Fresh and rising support is now at 14.50-14 and the 50-day moving average. Continued closes back below 13.50 are now needed to reestablish a possible  bullish signal again for the market.

sc.png

TWTR Calls Up 81%

Twitter (TWTR, $30.91, down $0.26)

TWTR January 30 calls (TWTR200117C00030000, $1.90, down $0.20)

Entry Price: $1.05 (11/15/2019)

Exit Target: $2.10

Return: 81%

Stop Target: $1.80 (Stop Limit)

Action: Upper support at $30.75-$30.50 held on Friday’s fade to $30.78. Resistance is at $31-$31.25.

sc.png

VIX closes Back Above 12.50

The S&P 500 Volatility Index ($VIX) stayed elevated throughout Friday’s session with the high taping 12.83. Prior and lower resistance at 13-13.50 held with the close above 12.50 being a slightly bearish signal. Continued closes above this level keeps upside risk towards 14.50-50 and the 50/200-day moving averages in play.

Fresh support is at 12.50-12.

RSI is in an uptrend with resistance at 50. Continued closes above his level would signal additional strength towards 55-60 and early October highs. Support is at 45-40.

sc.png

3Q Earnings Season is Here! Join NOW!

Tuesday kicks off the start of the “official” start of the 3Q earnings. Here is a peak at some of the major companies reporting numbers. Sign up today to get in on the action!

 

Before the open: Aphria (APHA), BlackRock (BLK), Charles Schwab (SCHW), Citigroup (C), Goldman Sachs (GS), Johnson & Johnson (JNJ), JPMorgan Chase (JPM), Omnicom Group (OMC), Prologis (PLD), UnitedHealth Group (UNH), Well Fargo (WFC)

After the close: Enzo Biochem (ENZ), Hancock Witney (HWC), Interactive Brokers (IBKR), JB Hunt Transportation Services (JBHT), Pinnacle Financial Partners (PNFP), Sleep Number (SNBR), United Airlines (AAL)

Get ready for 3Q earnings season! 

We have been on a roll all year long and we recently bagged our biggest winner of the year…a jaw-dropping 1,522% winner using the Ambarella AMBA September 50 calls. We profiled these calls at 90 cents and closed them at over $15! This means for every 10 contracts you bought for $900, you would have put $15,000 back into your trading account! We also banked a 373% winner in  AT&T October 36 calls last month that was our 2nd largest windfall for 2019.

If you are are past subscriber, welcome back as we have new deals on lower prices. We have lowered our prices to give you more money to put into your trading account!

Our speciality is trading earnings announcements as stocks tend to make massive moves based on actual results compared to Wall Street analysts. Aside from fundamental and technical analysis, we also scour the options market to see where the money is flowing.

Our top triple-digit winning option recommendations for 2019:

+1,522% Ambarella AMBA September 50 calls (September 2019)

+373% AT&T T October 36 calls (September 2019)

+200% AT&T T August 33 calls (August 2019)

+200% Ally Financial ALLY July 30 calls (July 2019)

+200% Marvell Technology MRVL May 22 calls (April 2019)

+177% Advanced Micro Devices AMD February 23 calls (February 2019)

+155% Twitter TWTR January 31 calls (January 2019)

+138% American Airlines Group AAL (October 2019)

+114% Marvell Technology August 25 calls (July 2019)

+100% BlackBerry May 10 calls (April 2019)

+100% AT&T T April 31 calls (April 2019)

+75% AT&T T July 32 calls (May 2019)

+44% Cypress Semiconductor CY May 16 calls (April 2019)

+40% BlackBerry BB March 7.50 calls (February 2019)

3 Month – $261