PCLN just hit major resistance @ 656. Take off (SELL) another 25% of your call spread the best you can.
We put this on for $2..it’s now trading @ app $4…a double in a day. Take 50% of this trade off best you can
Today, being Unemployment, will put the metals back into focus. Gold…1662-75 which is around the 200 day is the lowest risk buy zone. This will be a price action trade for Day Traders. The early game will be to see … Continue reading
We’re BUYING the 1455/1475 call spread for $2 dollars In the S&P 500 Futures This gives us a 2 week window for a possible rally. The main reasoning behind this is the 200 day mvg avg in the Spu/Bond spread … Continue reading
Silver…shows a break out on the P&F charts by sustaining over 32.50 ish. General Comments… The technical levels are ostensibly the same. The world Indices are all positive this A.M. We have been unable to close below the 1402-1395 level … Continue reading
We know that many of our friends are without Power or internet on the East Coast, our thoughts and prayers are with you! Spu’s…1426-30 is the lowest risk sell area. As of this writing sustained action back below 1412 will … Continue reading
Spu’s…1394.50 was last months low, there are stops below. 1385 ish is not a level to press the first time down. 1373-75 is the next exit level which was former resistance and now support @ the 200 day mvg avg. … Continue reading
Whether your bias is Risk Off or Risk On the markets are at major inflection points. If you’re trading Risk off…tighten up your trailing stops!!!!! Risk on crowd..today’s lows are your out. The Spu low with a potential double bottom … Continue reading
Spu’s…1416.75 is the daily ORH # Nasd 100…2673.50 is the level here. The Point & Figure charts show only price action over 1412 would leave room for the possibility of this chart pattern. Price action in the last 45 minutes … Continue reading
Spu’s…1394.50 was last months low, there are stops below. 1385 ish is not a level to press the first time down. 1373-75 is the next exit level which was former resistance and now support. Nasd 100…2648-53 will act as the … Continue reading