Last quote by Andrew Keene
Andrew Keene quotes
I think it can spike up to that 150-week moving average, which is known as a smoothing mechanism level of resistance at $34.
As long as it can get through this 50-day moving average, which is resistance, the next level is $138.
I think [XLE] can continue to go higher since we've been making higher highs and higher lows, but I think we're going to roll over.
I think this is a good setup here to the short side, [so] I'm trying to accumulate some short positions here.
I think this is a good risk-to-reward setup.
I think the market's going to sell off down to the $208 level. But I don't think it's going to happen until the end of the year.
But I don't think it's going to happen until the end of the year.
I think Caterpillar is headed lower here.
So I like this spread.
We will most likely get support here at the 100-day moving average, which is around $82.50; the next level of support is the 150-day moving average, which is around $79.50.
I am risking $150 to make $100, but I can make money if the stock is flat, lower or goes up by less than $2.50. So I like this spread.
I think Starbucks has gotten sold off pretty hard, a lot of selling pressure, but it could consolidate and move even higher.
Combine that with the chart, and I think Microsoft is going higher.
We have that measured move target to $62.50, so I think this is a great reward-to-risk set-up in Microsoft playing into earnings.
On this trade, if it goes to my measured move target of $165 by expiration, I can get 500 percent return. That $110 will turn into $500. If it sells off, the most I'm out is that $110.
We have a measured move target to the $165 level, and that's where I think IBM is heading by November.
That $110 will turn into $500. If it sells off, the most I'm out is that $110.
I think [XOP is seeing] a false breakout, and I want to play it to the downside.
When I'm trading countertrend, [I look to have] a great reward-to-risk set up.
I use the options market to find a measured move target to the upside. They're implying that Delta can move $5 between December expiration.
I think the short-term bottom is in here, and I think we can make a move higher.
Netflix has been in a range here, as the S&P has hit an all-time high. We see every time it sells off, and gets to the $85 level, it finds buyers. When we get to that $100 level, we find sellers. So, what to make of it? The next catalyst will be earnings.
I think Twitter can get up to about $22 or $22.50 by September expiration.
If it goes to $22 by September expiration, I can potentially make five times my money. That 20 cents would then go up to $1.00. I think this is an unbelievable opportunity to get long Twitter in the options market.
We saw institutional order flow in the options market on the odd-82.5 calls.
This is as clear of a bull channel as you can get.
I think a lot of the retail names, despite Kate Spade having poor earnings, are moving higher. ROST [Ross Stores] is another one we see institutional order flow. I think [TJX will trade at] $85 by August expiration and I think earnings are going to be a catalyst.
Knowing that earnings are coming up, knowing that institutional order flow in the options market leads me to believe that TJX can get up to $85, I think it's going to bust through the $82 level. That's going to act as new support going forward.
I think this sets up an unbelievable risk-reward setup.
If it goes to my measure-move target of $45 by August expiration, I can make 400 percent returns on my capital.
I think it's going to head lower, and we've also seen unusual option activity in the option market on the put side.
I think this is a consolidation top. I think it heads lower. He sees other retail names going lower on earnings as well.
I have until October, so I'm giving myself a long time away as I think Barrick has topped here. It's a countertrend trade, so I have to proceed with caution.
Gold stocks have been on fire.
One thing I don't like here is we see lower lows and lower highs, it looks like a double top. [But] what looks like resistance becomes support, and support becomes resistance. So I think XLE can take out $70 to the upside, I think it can hit $72 by September.
I will get 300 percent of my capital on this trade on just a 10 percent move to the upside.
The oil refiners are headed lower.