, could give clues as to where the market heads next — the ETF has retraced two-thirds of the drop from February into March, a key technical pattern. Now, it needs to break through a zone of "potential resistance" forming at $220, an area the QQQ ETF butted up against in early March.
"If we are to fail, it should happen in this gray rectangle from $210 to $220 in the Nasdaq. If that were to happen then I think it would not be unreasonable to see a move back down into that zone," said Gordon.Gordon has a way to take advantage of a possible retest of the lows using options., selling the $190 strike put. It's a $10 spread for which you'll pay about $1.70. … So, that's $170 of max risk that you'll take to potentially make $830," said Gordon.
He notes that even if the chance of a retest is only as much as 30%, the attractive risk-reward ratio makes it a "good proposition."
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Virgin Galactic stock is jumping, but some might be trading the wrong companyShares of Virgin Galactic surged higher in Tuesday trading but some of the positive momentum appears to be a case of mistaken identity. Meant to buy $TSLA?
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »
Johnson & Johnson Stock Surges 5% After Raising Dividend And Beating EarningsI am a New York—based reporter for Forbes covering breaking news, with a focus on financial topics. Previously, I wrote about investing for Money Magazine and was an intern at Forbes in 2015 and 2016. I graduated from the University of St Andrews in 2018, majoring in International Relations and Modern History. Follow me on Twitter skleb1234 or email me at sklebnikovforbes.com skleb1234 Oh wow 🤦♀️ skleb1234 superb From skleb1234 Yet no vaccine.
Herkunft: Forbes - 🏆 394. / 53 Weiterlesen »
Work-from-home stock picks to buy, avoid amid coronavirus: Jefferies - Business InsiderA handful of software companies are among those Jefferies expects will get a big boost from the work-from-home movement.
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »
Stock-market investing strategy, recommendations for coronavirus: MS - Business InsiderIt won't be long before investors recognize how much risk the Fed is taking out of the market, Morgan Stanley said.
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »
Johnson & Johnson Stock Surges 5% After Raising Dividend And Beating EarningsI am a New York—based reporter for Forbes covering breaking news, with a focus on financial topics. Previously, I wrote about investing for Money Magazine and was an intern at Forbes in 2015 and 2016. I graduated from the University of St Andrews in 2018, majoring in International Relations and Modern History. Follow me on Twitter skleb1234 or email me at sklebnikovforbes.com
Herkunft: Forbes - 🏆 394. / 53 Weiterlesen »