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Showing posts from November, 2022

Retailers strong earnings and Black Friday record sales. And the winner is...

Today we cover Walmart (WMT).  Two weeks ago (11/15), Walmart reported better-than-expected earnings sending the price up 7%. In addition the company announced a new $20B share buyback.  On that day, WMT stock price printed a bullish kicker, one of the strongest reversal candlestick patterns, starting the beginning of the price surge.  During Black Friday, online sales reached a new record hugely benefiting the two major US retailers: Walmart and Amazon.  WMT stock price is now testing some resistance levels. Where will it go from here?  Watch this video to get the technicals and what to expect moving forward.  Good Trading! Trading Risk Disclaimer All the information shared is provided for educational purposes only. Any trades placed upon reliance of SharperTrades, LLC are taken at your own risk for your own account. Past performance is no guarantee. While there is great potential for reward trading stocks, cryptos, commodities, options, forex and other trading securities, there is a

Kal's Option Trade of the Week- MARA Short Put Vertical

   MARA is past earnings but it has been on a slide for the past few weeks so volatility is still high.  As contrarians, we will make a trade with the assumption that over the next few weeks it will tend to bounce.  We do that by selling a put vertical in MARA.  Watch  this video  to get the trade details and learn. Hope you enjoy it! Kal Trading Risk Disclaimer All the information shared is provided for educational purposes only. Any trades placed upon reliance of SharperTrades, LLC are taken at your own risk for your own account. Past performance is no guarantee. While there is great potential for reward trading stocks, cryptos, commodities, options, forex and other trading securities, there is also substantial risk of loss. All trading operations involve high risks of losing your entire investment. You must therefore decide your own suitability to trade. Trading results can never be guaranteed. SharperTrades, LLC is not registered as an investment adviser with any federal or state

Musk's Stupid Twitter Buyout is Costing Tesla Shareholders Big Time

Today we cover Tesla (TSLA).  The company has hit some delivery issues in Q3 2022 by coming 30,000 vehicles short of the projected target. While that wasn't great news, the biggest issue that Tesla is facing right now, is his CEO, Elon Musk.  Musk made the most reckless move a few months back by purchasing Twitter for an insane amount of money ($44 billions). When he realized how dumb that move was, he tried to back out of it. He couldn't.  Now he, and Tesla shareholders, are stuck with it and that is dragging Tesla share prices down. The Twitter buyout is costing Musk top dollars.  Unfortunately, his reckless decision is costing Tesla shareholders even more. Watch this video to get the technicals and what to expect moving forward. Good trading! Trading Risk Disclaimer All the information shared is provided for educational purposes only. Any trades placed upon reliance of SharperTrades, LLC are taken at your own risk for your own account. Past performance is no guarantee. Whil