DVM2Trader

DVM2Trader

On the weekly timeframe XLV continues to coil. On the daily timeframe we may have seen a double top after the rejection at the bottom of the gap (136.50 area). FWIW these options can move, but they are low volume. On high momentum days trading the same week can be effective. Personally, I prefer to bid for calls on red days and puts on green days with swing...

DVM2Trader

The goal of this chart is to look at where we are in the cycle on on the mid-term chart. Keep in mind these are just lines and NONE of these "lines" are intended to predict price exact action. They simply provide context to where the chart is in space. SPX is currently in a down trend and saw a decent sell off as 10year rates continued rising after FOMC meeting...

DVM2Trader Updated 

If you have been following me on StockTwits you know that I traded into July Earnings. After a nice pop to $30 to retest the top of its trading range it’s been shorted back towards the bottom of its trading channel. To be clear NOTHING about this chart is Bullish except for the fact that it has previously bounced in the $21.50-23.00 area. I am not seeing any...