SlideShare ist ein Scribd-Unternehmen logo
1 von 9
Downloaden Sie, um offline zu lesen
DrosNotes June 24, 2018
DROSNOTES
06.24.2018 - Last Week and What To Look For This Week
https://androstrades.com 1
“I just want a Picasso
in my casa, no my
castle” - Jay-Z
Today in History:
June 24th, 1901 - A 19-
year-old Pablo Picasso
gets his first big
exhibit in Paris. Long
live art.
DrosNotes June 24, 2018
Last week was a bit of a shit-show. The Fed announced the ‘potential’ for an extra rate hike than had been expected; yet most of the
data that came out seemed decent with some even looking good.

I think the market was letting retail freak out a bit as the big boys did some rebalancing. Some of the larger options trades were Deep
ITM Calls on stocks that were most likely stock replacements.

It’s hard to predict precise market moves with the back and forth we’re seeing in the tariff tensions.

I do want to say this though…we ARE NOT in a trade war with China presently. Call it the “Art of The Deal” or call it market manipulation.
Call it whatever really, but again, I’d recommend options stay mostly in cash this week unless you’re swing/day-trading or taking on
options with expirations out to at least the July. Monthlies but the AUG to be safer.

Here’s the top flow of last week…

https://androstrades.com 2
DrosNotes June 24, 2018
As a comparison, here’s the top flow on Friday.

So what can we try to get from all this?



Let’s start with the key indices…

https://androstrades.com 3
DrosNotes June 24, 2018
$ES_F / $SPY / $SPX

Bull-trend intact long-term. The purple line drawn is the weekly reversal level [the chart is a one day tick though].

https://androstrades.com 4
DrosNotes June 24, 2018
$DJIA / $YM_F / $DIA || $NDX $NQ_F $QQQ

Same as above really, as with the Nasdaq but expect more volatility from the $QQQs this week. Here’s charts of both, once again with
the purple lines representing the weekly reversal levels against a daily chart. 

There is one difference and that is from a technical perspective, the Dow is in a minor bear trend from a daily outlook. I don’t think it’s
anything to worry yet, but I did add to my $DOG equity position last week (Inverse Dow ETF). 

https://androstrades.com 5
DrosNotes June 24, 2018
With that said, I’ve gotta say to expect another choppy week. 

https://androstrades.com 6
DrosNotes June 24, 2018
Here are my thoughts on daily trends [these are major turning points; it doesn’t mean you shouldn’t swing trade or
enter long positions in them, just watch these price levels regardless of which way you’re trading them…
Gold - Bearish until 1292.

US Dollar - Bullish until 93.45

Crude Oil [Light and Sweet - $CL_F) - Bullish Until 66.07

Stocks to Add To Your Buy Watchlist:

• $PCG

• $WMT

• $AAPL

• $LBTYK

• $EWZ

• $TUR

• $ILF

• $MRO

• $MDT

• $APC

• $USO

• $UCO

https://androstrades.com 7
DrosNotes June 24, 2018
• $CCI

• Two weaker signals but stocks to keep an eye on $LCRX $RTN

Stocks to Add To Your Sell Watchlist:

• $ADBE

• $BKNG

• $CERN

• $RL

• $FLIR

• $DAL

• $RL

• $NVDA

• $FAS

• $HACK

• $XTL 

• $SMH

https://androstrades.com 8
DrosNotes June 24, 2018
That’s all for now folks.

Former discord members, we have officially to echofin. Also if you were never a part of the Discord trading room but are looking for a
community of traders to learn from and ample real-time data to support ideas…come on over. We’re in a “beta” stage, so everything is
free. Most of it will remain as such too. 

Join us here: https://droscrew.echofin.co

As always trade safely and good luck. Stay tuned to the room, my StockTwits (stocktwits.com/androsform), Twitter (twitter.com/
androsform) and blog (androstrades.com) for updates as we go. 

Cheers,

- Dros

Extensive Legal Notice:

Nothing above is advice. Just the ramblings of a mad man. If you execute a trade that’s on you.

https://androstrades.com 9

Weitere ähnliche Inhalte

Kürzlich hochgeladen

Taipei, A Hidden Jewel in East Asia - PR Strategy for Tourism
Taipei, A Hidden Jewel in East Asia - PR Strategy for TourismTaipei, A Hidden Jewel in East Asia - PR Strategy for Tourism
Taipei, A Hidden Jewel in East Asia - PR Strategy for TourismBrian Lin
 
RWA Report 2024: Rise of Real-World Assets in Crypto | CoinGecko
RWA Report 2024: Rise of Real-World Assets in Crypto | CoinGeckoRWA Report 2024: Rise of Real-World Assets in Crypto | CoinGecko
RWA Report 2024: Rise of Real-World Assets in Crypto | CoinGeckoCoinGecko
 
MARKET FAILURE SITUATION IN THE ECONOMY.
MARKET FAILURE SITUATION IN THE ECONOMY.MARKET FAILURE SITUATION IN THE ECONOMY.
MARKET FAILURE SITUATION IN THE ECONOMY.Arifa Saeed
 
Buy and Sell Urban Tots unlisted shares.pptx
Buy and Sell Urban Tots unlisted shares.pptxBuy and Sell Urban Tots unlisted shares.pptx
Buy and Sell Urban Tots unlisted shares.pptxPrecize Formely Leadoff
 
Sarlat Advisory - Corporate Brochure - 2024
Sarlat Advisory - Corporate Brochure - 2024Sarlat Advisory - Corporate Brochure - 2024
Sarlat Advisory - Corporate Brochure - 2024Guillaume Ⓥ Sarlat
 
Slideshare - ONS Economic Forum Slidepack - 18 March 2024.pptx
Slideshare - ONS Economic Forum Slidepack - 18 March 2024.pptxSlideshare - ONS Economic Forum Slidepack - 18 March 2024.pptx
Slideshare - ONS Economic Forum Slidepack - 18 March 2024.pptxOffice for National Statistics
 
What Key Factors Should Risk Officers Consider When Using Generative AI
What Key Factors Should Risk Officers Consider When Using Generative AIWhat Key Factors Should Risk Officers Consider When Using Generative AI
What Key Factors Should Risk Officers Consider When Using Generative AI360factors
 
ACCOUNTING FOR BUSINESS.II DEPARTMENTAL ACCOUNTS.
ACCOUNTING FOR BUSINESS.II DEPARTMENTAL ACCOUNTS.ACCOUNTING FOR BUSINESS.II DEPARTMENTAL ACCOUNTS.
ACCOUNTING FOR BUSINESS.II DEPARTMENTAL ACCOUNTS.KumarJayaraman3
 
Mphasis - Schwab Newsletter PDF - Sample 8707
Mphasis - Schwab Newsletter PDF - Sample 8707Mphasis - Schwab Newsletter PDF - Sample 8707
Mphasis - Schwab Newsletter PDF - Sample 8707harshan90
 
Introduction to Entrepreneurship and Characteristics of an Entrepreneur
Introduction to Entrepreneurship and Characteristics of an EntrepreneurIntroduction to Entrepreneurship and Characteristics of an Entrepreneur
Introduction to Entrepreneurship and Characteristics of an Entrepreneurabcisahunter
 
India Economic Survey Complete for the year of 2022 to 2023
India Economic Survey Complete for the year of 2022 to 2023India Economic Survey Complete for the year of 2022 to 2023
India Economic Survey Complete for the year of 2022 to 2023SkillCircle
 
Lundin Gold March 2024 Corporate Presentation - PDAC v1.pdf
Lundin Gold March 2024 Corporate Presentation - PDAC v1.pdfLundin Gold March 2024 Corporate Presentation - PDAC v1.pdf
Lundin Gold March 2024 Corporate Presentation - PDAC v1.pdfAdnet Communications
 
LIC PRIVATISATION its a bane or boon.pptx
LIC PRIVATISATION its a bane or boon.pptxLIC PRIVATISATION its a bane or boon.pptx
LIC PRIVATISATION its a bane or boon.pptxsonamyadav7097
 
Remembering my Totem _Unity is Strength_ growing in Bophuthatswana_Matthews B...
Remembering my Totem _Unity is Strength_ growing in Bophuthatswana_Matthews B...Remembering my Totem _Unity is Strength_ growing in Bophuthatswana_Matthews B...
Remembering my Totem _Unity is Strength_ growing in Bophuthatswana_Matthews B...Matthews Bantsijang
 
ACCOUNTING FOR BUSINESS.II BRANCH ACCOUNTS NOTES
ACCOUNTING FOR BUSINESS.II BRANCH ACCOUNTS NOTESACCOUNTING FOR BUSINESS.II BRANCH ACCOUNTS NOTES
ACCOUNTING FOR BUSINESS.II BRANCH ACCOUNTS NOTESKumarJayaraman3
 
Work and Pensions report into UK corporate DB funding
Work and Pensions report into UK corporate DB fundingWork and Pensions report into UK corporate DB funding
Work and Pensions report into UK corporate DB fundingHenry Tapper
 
Hungarys economy made by Robert Miklos
Hungarys economy   made by Robert MiklosHungarys economy   made by Robert Miklos
Hungarys economy made by Robert Miklosbeduinpower135
 

Kürzlich hochgeladen (20)

Taipei, A Hidden Jewel in East Asia - PR Strategy for Tourism
Taipei, A Hidden Jewel in East Asia - PR Strategy for TourismTaipei, A Hidden Jewel in East Asia - PR Strategy for Tourism
Taipei, A Hidden Jewel in East Asia - PR Strategy for Tourism
 
New Monthly Enterprises Survey. Issue 21. (01.2024) Ukrainian Business in War...
New Monthly Enterprises Survey. Issue 21. (01.2024) Ukrainian Business in War...New Monthly Enterprises Survey. Issue 21. (01.2024) Ukrainian Business in War...
New Monthly Enterprises Survey. Issue 21. (01.2024) Ukrainian Business in War...
 
RWA Report 2024: Rise of Real-World Assets in Crypto | CoinGecko
RWA Report 2024: Rise of Real-World Assets in Crypto | CoinGeckoRWA Report 2024: Rise of Real-World Assets in Crypto | CoinGecko
RWA Report 2024: Rise of Real-World Assets in Crypto | CoinGecko
 
MARKET FAILURE SITUATION IN THE ECONOMY.
MARKET FAILURE SITUATION IN THE ECONOMY.MARKET FAILURE SITUATION IN THE ECONOMY.
MARKET FAILURE SITUATION IN THE ECONOMY.
 
Buy and Sell Urban Tots unlisted shares.pptx
Buy and Sell Urban Tots unlisted shares.pptxBuy and Sell Urban Tots unlisted shares.pptx
Buy and Sell Urban Tots unlisted shares.pptx
 
Sarlat Advisory - Corporate Brochure - 2024
Sarlat Advisory - Corporate Brochure - 2024Sarlat Advisory - Corporate Brochure - 2024
Sarlat Advisory - Corporate Brochure - 2024
 
Effects & Policies Of Bank Consolidation
Effects & Policies Of Bank ConsolidationEffects & Policies Of Bank Consolidation
Effects & Policies Of Bank Consolidation
 
Slideshare - ONS Economic Forum Slidepack - 18 March 2024.pptx
Slideshare - ONS Economic Forum Slidepack - 18 March 2024.pptxSlideshare - ONS Economic Forum Slidepack - 18 March 2024.pptx
Slideshare - ONS Economic Forum Slidepack - 18 March 2024.pptx
 
What Key Factors Should Risk Officers Consider When Using Generative AI
What Key Factors Should Risk Officers Consider When Using Generative AIWhat Key Factors Should Risk Officers Consider When Using Generative AI
What Key Factors Should Risk Officers Consider When Using Generative AI
 
ACCOUNTING FOR BUSINESS.II DEPARTMENTAL ACCOUNTS.
ACCOUNTING FOR BUSINESS.II DEPARTMENTAL ACCOUNTS.ACCOUNTING FOR BUSINESS.II DEPARTMENTAL ACCOUNTS.
ACCOUNTING FOR BUSINESS.II DEPARTMENTAL ACCOUNTS.
 
Mphasis - Schwab Newsletter PDF - Sample 8707
Mphasis - Schwab Newsletter PDF - Sample 8707Mphasis - Schwab Newsletter PDF - Sample 8707
Mphasis - Schwab Newsletter PDF - Sample 8707
 
Introduction to Entrepreneurship and Characteristics of an Entrepreneur
Introduction to Entrepreneurship and Characteristics of an EntrepreneurIntroduction to Entrepreneurship and Characteristics of an Entrepreneur
Introduction to Entrepreneurship and Characteristics of an Entrepreneur
 
India Economic Survey Complete for the year of 2022 to 2023
India Economic Survey Complete for the year of 2022 to 2023India Economic Survey Complete for the year of 2022 to 2023
India Economic Survey Complete for the year of 2022 to 2023
 
Commercial Bank Economic Capsule - March 2024
Commercial Bank Economic Capsule - March 2024Commercial Bank Economic Capsule - March 2024
Commercial Bank Economic Capsule - March 2024
 
Lundin Gold March 2024 Corporate Presentation - PDAC v1.pdf
Lundin Gold March 2024 Corporate Presentation - PDAC v1.pdfLundin Gold March 2024 Corporate Presentation - PDAC v1.pdf
Lundin Gold March 2024 Corporate Presentation - PDAC v1.pdf
 
LIC PRIVATISATION its a bane or boon.pptx
LIC PRIVATISATION its a bane or boon.pptxLIC PRIVATISATION its a bane or boon.pptx
LIC PRIVATISATION its a bane or boon.pptx
 
Remembering my Totem _Unity is Strength_ growing in Bophuthatswana_Matthews B...
Remembering my Totem _Unity is Strength_ growing in Bophuthatswana_Matthews B...Remembering my Totem _Unity is Strength_ growing in Bophuthatswana_Matthews B...
Remembering my Totem _Unity is Strength_ growing in Bophuthatswana_Matthews B...
 
ACCOUNTING FOR BUSINESS.II BRANCH ACCOUNTS NOTES
ACCOUNTING FOR BUSINESS.II BRANCH ACCOUNTS NOTESACCOUNTING FOR BUSINESS.II BRANCH ACCOUNTS NOTES
ACCOUNTING FOR BUSINESS.II BRANCH ACCOUNTS NOTES
 
Work and Pensions report into UK corporate DB funding
Work and Pensions report into UK corporate DB fundingWork and Pensions report into UK corporate DB funding
Work and Pensions report into UK corporate DB funding
 
Hungarys economy made by Robert Miklos
Hungarys economy   made by Robert MiklosHungarys economy   made by Robert Miklos
Hungarys economy made by Robert Miklos
 

DrosNotes - 06.24.2018 - Stock Market Outlook

  • 1. DrosNotes June 24, 2018 DROSNOTES 06.24.2018 - Last Week and What To Look For This Week https://androstrades.com 1 “I just want a Picasso in my casa, no my castle” - Jay-Z Today in History: June 24th, 1901 - A 19- year-old Pablo Picasso gets his first big exhibit in Paris. Long live art.
  • 2. DrosNotes June 24, 2018 Last week was a bit of a shit-show. The Fed announced the ‘potential’ for an extra rate hike than had been expected; yet most of the data that came out seemed decent with some even looking good. I think the market was letting retail freak out a bit as the big boys did some rebalancing. Some of the larger options trades were Deep ITM Calls on stocks that were most likely stock replacements. It’s hard to predict precise market moves with the back and forth we’re seeing in the tariff tensions. I do want to say this though…we ARE NOT in a trade war with China presently. Call it the “Art of The Deal” or call it market manipulation. Call it whatever really, but again, I’d recommend options stay mostly in cash this week unless you’re swing/day-trading or taking on options with expirations out to at least the July. Monthlies but the AUG to be safer. Here’s the top flow of last week… https://androstrades.com 2
  • 3. DrosNotes June 24, 2018 As a comparison, here’s the top flow on Friday. So what can we try to get from all this? 
 Let’s start with the key indices… https://androstrades.com 3
  • 4. DrosNotes June 24, 2018 $ES_F / $SPY / $SPX Bull-trend intact long-term. The purple line drawn is the weekly reversal level [the chart is a one day tick though]. https://androstrades.com 4
  • 5. DrosNotes June 24, 2018 $DJIA / $YM_F / $DIA || $NDX $NQ_F $QQQ Same as above really, as with the Nasdaq but expect more volatility from the $QQQs this week. Here’s charts of both, once again with the purple lines representing the weekly reversal levels against a daily chart. There is one difference and that is from a technical perspective, the Dow is in a minor bear trend from a daily outlook. I don’t think it’s anything to worry yet, but I did add to my $DOG equity position last week (Inverse Dow ETF). https://androstrades.com 5
  • 6. DrosNotes June 24, 2018 With that said, I’ve gotta say to expect another choppy week. https://androstrades.com 6
  • 7. DrosNotes June 24, 2018 Here are my thoughts on daily trends [these are major turning points; it doesn’t mean you shouldn’t swing trade or enter long positions in them, just watch these price levels regardless of which way you’re trading them… Gold - Bearish until 1292. US Dollar - Bullish until 93.45 Crude Oil [Light and Sweet - $CL_F) - Bullish Until 66.07 Stocks to Add To Your Buy Watchlist: • $PCG • $WMT • $AAPL • $LBTYK • $EWZ • $TUR • $ILF • $MRO • $MDT • $APC • $USO • $UCO https://androstrades.com 7
  • 8. DrosNotes June 24, 2018 • $CCI • Two weaker signals but stocks to keep an eye on $LCRX $RTN Stocks to Add To Your Sell Watchlist: • $ADBE • $BKNG • $CERN • $RL • $FLIR • $DAL • $RL • $NVDA • $FAS • $HACK • $XTL • $SMH https://androstrades.com 8
  • 9. DrosNotes June 24, 2018 That’s all for now folks. Former discord members, we have officially to echofin. Also if you were never a part of the Discord trading room but are looking for a community of traders to learn from and ample real-time data to support ideas…come on over. We’re in a “beta” stage, so everything is free. Most of it will remain as such too. Join us here: https://droscrew.echofin.co As always trade safely and good luck. Stay tuned to the room, my StockTwits (stocktwits.com/androsform), Twitter (twitter.com/ androsform) and blog (androstrades.com) for updates as we go. Cheers, - Dros Extensive Legal Notice: Nothing above is advice. Just the ramblings of a mad man. If you execute a trade that’s on you. https://androstrades.com 9