Bulls managed to breach 1335 / 36 level last week.!! we would see some upside come into the market with targets at 1340, 1345 and 1350.
DRRX breaking up a symmetrical triangle & same for money-flow. Technically it looks good so we took some speculative Jan2017- 2.5 Option calls. You can check our detailed analysis on _ in the trading room/ Executive summery link here- www.youtube.com Time Span: 6:40” Trade Suggestion Date: 12th Jul Trade Status: Opened (12th Jul) Jan2017- 2.5 call for $0.35
Possible significant move up to and beyond 212.50 or a drop back to 207 support and below SPY STRADDLE SPY JULY 8 212 CALL @ $.15 SPY JULY 8 209 PUT @ $.30 Equal amounts invested in each RISK DISCLAIMER Options involve risks and are not suitable for everyone. Option trading can be speculative in nature and carry substantial risk of loss. Only invest with risk...
It is close to a breakout and the last bar was a classic RBI. So, the trigger is: if this last bar is broken than we can strike this trade long Call Spread or buy Call.
Update on a upsloping trendline (blue) which acts as resistance On the 5 hour chart, we should have generated a sell signal. I still remain short via puyt spread 1x2s, as frost is no longer an issue. It appears the market is still digesting this from last week and should correct lower IMHO as physical supplies out of Brazil remain steady. Warehouse stocks in...
Cypher Pattern Yet To Complete I'm Going To Wait And See What Happens Look Left Structure Leaves A Clue
Seems like no frost in Brazil. It was a busy weeks last week and throughout the weekend with fears a frost could hit coffee areas. None has been confirmed and worst fears did not play out. Once all of this is digested I expect some downside opportunities as the market goes back into trading technicals rather than emotions. Quite oversold and we saw sell...
As we see some support is coming in from our longer term trend channel as well as the lower Bbands. So far the last three weeks have provided with the expected sideways action once reaching 50. Selling calls has been the right strategy so far (51, 52 and 53 calls). At this support I am covering my short calls, but will hold of selling any put spreads to see how...
Still anticipating ranging markets. Opened a couple Bear/Credit Call Spread at $211/$216. I'm using a $5 spread because the R/R is better than $10 spread. Credit = $2.25 (net $2.14) Break even = $213.14 August Expiration* * I likely will not hold on till expiration. I would use a SPY price drop to take profits and remove the risk.
Gold bounced off of the support area for now Light volume during recent bounce indicates this is a retracement in the downtrend --> I threw in some Fibs to indicate where overhead resistance lies. Resistance at: - 7 day MA (currently there); a break would suggest the 20 day MA or the 38% FIb as target (1240ish) - 23% Fib at 1224, 38% Fib at 1240 Overall: the...
Pro Long: - Trend line provided massive support (dark red line) - High volume at support and during the rally - future spreads very strong (N16-U16 turned into backwardation) - If we close positive today 7 MA will cross 20 MA generating buy signal Contra Long: - running into resistance on middle Bollinger Band (20 day MA) I sold the 2900 puts last week as a...
Pro Long (Chart): - RSI and Stochastik created buy signal - Orange support line Pro Long (Physical): - ICE warehouse stocks new lows - spreads tightening ever so slightly Contra (Chart): - still in middle to upper end of trend channel - room to go in terms of lower Bollinger band - long term trend still down - risk/reward for long position not there IMHO I...