SPY needs divergence from 50 SMA to carry momentum to $450
QQQs have $375 on deck as next level to the upside.
Gold has not had much loving lately but looking for a good possible entry on AU ( Anglogold Ashanti Ltd) If the stock is below $15.50 I will be STO 15 put and BTO 12 put spread expiring Nov 19 and should receive around .60 cent credit which is a potential 20% return . Risk is the $300 less premium received . Come check out our trading room to see how I defend these trades.
I discussed today a stock which returned more than 189% in the last 52 weeks and 14.75% in just one month. Svb Financial Group $SVB, is a diversified financial services company, as well as a bank holding company and a financial holding company. The stock is on a bullish momentum with RSI and Stochastic rising for the last few days. In Bollinger Band chart, the price has crossed the upper band and still bullish. It would be interesting to watch the company, how the price reacts in the channel setup. There is no agenda in the short term.
On the contrary, when the volume start to get thinner in the next few days, it could dip back to the short term support level of $600 or so.