Stocks, Options & ETFs Webinar With Charts (4-21-20)

Summary

  • Today, we looked at several stocks that could be added to the S&P 500 soon, as well as, a reclamation project.
  • Find links to the TradingView charts.
  • URL for Tuesday morning stocks and options webinar.

Each Tuesday we do a webinar to focus on stocks and options trading strategies. We also touch on ETFs. Here is the unlisted YouTube URL: 

Our goal is to establish buying and selling zones using simple support and resistance levels from the intermediate and long-term. Our “game time” decisions are based on what has been going on in the short-term. 

Blending time frames allows us a more complete picture of the price zones of strength and weakness for a stock or ETF. 

Below you will find links to my TradingView charts. I leave them at TradingView for updating and to save a ton of time moving to another site. You only need a free account to view. You need a paid account to manipulate.

Use this link to sign-up for TradingView. 

The charts have 3 color coded horizontal lines that I have added. These are zones to consider buying at. Here is how I think of each one: 

  • Yellow solid line: The first area that I would consider buying at given current conditions. Also a good place to start selling cash-secured puts. 
  • Red dashed line: A very strong support zone across intermediate term time frames and recent activity as well. I am a big buyer around this level presuming the world isn’t headed into oblivion. 
  • Green dotted line: End of the world pricing. There is only one question to ask here: will the company stay in business without being crippled? If the answer is yes, devise a buying strategy. 

Stocks Covered 4-21-20

With the exception of Ford (F) all of the companies covered today shared a theme, that they might be added to the S&P 500 soon. All are growth stocks. Each is benefiting from secular trends that might have been accelerated with Coronavirus SOVID-19. 

Next week we will be covering dividend stocks and option selling strategies for getting more exposure to stocks over time.

Here’s this week’s stock coverage:

Square (SQ):  https://www.tradingview.com/x/TlSgCvdU/ 

Teledoc (TDOC):  https://www.tradingview.com/x/eZAe4bwD/ 

Workday (WDAY):  https://www.tradingview.com/x/NdMbVbdr/ 

Zendesk (ZEN):  https://www.tradingview.com/x/lE8tQ46J/ 

Roku (ROKU):  https://www.tradingview.com/x/Q2CbgjuR/ 

PTC (PTC):  https://www.tradingview.com/x/CMMSQ2Sj/ 

Enphase: (ENPH):  https://www.tradingview.com/x/0hSdWbJY/ 

Tesla (TSLA):  https://www.tradingview.com/x/9bGX6rmY/ 

Ford (F):  https://www.tradingview.com/x/Z3Q9e7mI/ 

ETFs Covered 4-21-20

Each ETF is from our ETFavorites and a focus of ours coming out of the Coronavirus Crash for long-term asset allocation, as well as, tactical trading. 

Invesco Solar ETF (TAN):

Ark Innovation Fund (ARKK):  https://www.tradingview.com/x/LkOspXFI/ 

Invesco QQQ (QQQ):  https://www.tradingview.com/x/ZNOSvUmv/ 

Notice that I am targeting Monday, May 18th as a bottom in the market. That’s just based on the end of an options trading cycle. Could be a day or two off or way off. It’s a rough area that makes sense to me giving technical factors and the bad news coming the next few weeks. 

Also, to reach those red line correction levels would be a double bottom. I do not know if we get there or go through a bit, so consider the downward momentum at the time and the intermediate term market outlook. 

I’ve added a few Elliott Wave outlines to help visualize. Like all other forms of technical analysis, Elliott Wave Theory has validity, but also shortfalls. It does a very good job at identifying trends in industries, the broad economy and some high volume stocks. Generally, best used with ETFs. 

Again, next week, dividend stocks and option selling strategies for getting more exposure to stocks over time.

Disclosure: I am/we are long TAN. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

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