by MarketArmor | May 7, 2021 | Trade Ideas
SCCO Chart by TradingView With dwindling supplies, and sky-high demand, copper prices are exploding higher. In fact, Bank of America believes the metal could see $13,000, even $20,000. By 2022, the firm says the supply crunch could get even worse, as noted by...
by MarketArmor | May 6, 2021 | Trade Ideas
UBER Chart by TradingView Those LYFT June 18, 2021 55 puts should be doing well. At the moment, the LYFT stock is down another $2.55 to $50.08, and falling. All after “The Labor Department formally withdrew a Trump administration regulation, which never went into...
by MarketArmor | May 5, 2021 | Trade Ideas
ALB Chart by TradingView On April 29, we highlighted opportunity in the LYFT June 18, 2021 55 puts. All after Labor Secretary Marty Walsh said gig workers should be classified as company employees, as noted by CNBC. “We are looking at it but in a lot of cases gig...
by MarketArmor | May 4, 2021 | Trade Ideas
DIA Chart by TradingView The major indices are coming under a good deal of pressure. One, the Dow, for example, is excessively overbought, and is beginning to pivot lower. In fact, if you take a look at a two-year Dow chart, you can see just how overbought RSI, MACD,...
by MarketArmor | May 3, 2021 | Trade Ideas
TWTR Chart by TradingView Twitter (TWTR) has become oversold on RSI, MACD, and Williams’ %R. In fact, if you look at a two-year chart of TWTR, you can see that every time these three indicators align in oversold territory, the stock rebound shortly after. For example,...
