SELL 40 FXI 44 3/27/15 Calls MOC This is a closing trade. I want to recapture as much premium as I can at this point. Good idea/ wrong ETF. SHCOMP & ASHS is ripping and this Etf is sucking for … Continue reading
Stocks… DAX …remains firm over 11,900. Nikkei…June needs price action under 19,500 to show any signs of profit taking going into the end of the qtr. RIG…needs new price action over 15.40 for higher. TRN…Trinity has had a nice run. … Continue reading
BUY 40 FXI 44 3/27/15 Calls These are trading app .32 X 33 cents China has had a big move both ways this month. This bet is that it closes higher on the month.
FXI…China breaks out to the upside if it can close over 42.50. The cheapest look in the options is the 42.50 3/20/15 Calls trading around .39 cents. RCPT…is holding support. ALXN & MDVN…are putting in an ORH days. These two … Continue reading
The rallies are failing in the U.S. Indices, while the breaks have been holding everywhere else. Bounces have come off the identified oversold areas in the Momentum names. Support & resistance in the U.S. Equity Indices have remained almost 100% … Continue reading
Stocks.. XLV,XLF & XLK are three sectors that are holding up. EWG & EWP…are both hanging in from a technical perspective. The risk in Germany (EWG) is a close below 30.50 EWP has to remain above 36.95 close. FXI…35.85 needs … Continue reading
Stocks.. FXI..38.37 is the Hold level. Closes over 39 will lead to a new leg up. DXJ…50.20 is the weekly ORH#. You’ll have to give this to over 50.50 close to be sure it will go this time. EWG…needs over … Continue reading
Stocks.. Spu’s…Sustained Price action above 1778 will be price positive the index. I’m still using December #’s which is basically cash. The March (H) is trading 6.25 points under the December SSO…94.84 is the level matching 1778 December S&P 500 … Continue reading
OXY…just double bottomed on a daily chart. This is a great low risk buy with a stop below today’s low. FXI…China either holds right here @ 38.10 or it breaks to 37. EUR/AUD…should continue up moving a figure at a … Continue reading
Brazil & China are both struggling. India seems to have hit some pretty good resistance as well. FXI’s failure to follow through to the upside this week is disappointing. If it’s not working we’re not going to own it going … Continue reading