Here's a big point... HOPE vs FEAR as shown by Municipal Bond Prices (using the Dreyfus Muni Bond Fund ETF $LEO)
Hope is the time when people are selling their "SUPER SAFE MUNI BONDS" to invest in stocks.
Fear is when people are buying SuperSafe Muni Bonds
It's a general-view, but worth attention.
If $LEO turns down, then look for the market to turn up for ...
DIA IVR 33.8
Sold the 211/215/201/188 Iron condor
for $4.70
Target 50% of credit received
Ratio 3x the calls spreads for every 1x Puts spreads
The trade:
Sold (3x) 211 Calls
Buy (3x) 215 Calls
Sold (1x) 201 Put
Buy (1x) 188 Put
for $4.70
Max profit $470
Max loss $830
DIA: SPDR Dow showing 30 points up right now at Igindex.com. that's damn cheap. Take a look at Germany- up 138. Dow and Nasdaq both trading now and are still offering great returns for the brave bull who uses stops sensibly (so they don't get hit unless the market is turning down bigtime)
Hey Traders, We have another short term trading opportunity on DIA. There is a bearish Cypher Pattern Completion on the 15 Min Chart along with several 15 min Candle closes outside of the upper Bollinger Band. The Market is trying very desperately to go higher but cannot seem to break out of this range that it has been in. The Market may be attempting to go higher ...
Hey Traders, We have a Bearish Cypher Pattern on the 1 hour chart. This looks like a good setup to go short. Price may not reach the traditional entry of the cypher pattern (.786 retracement) due to areas of resistance. I will be taking a conservative entry on this trade. I am looking to enter a short position around the 205.50-205.70 price level.
Entry ...
Hey Traders, I recently took a Bullish Cypher Pattern setup on DIA. Unfortunately I was not able to post the trade before the move started however we may have another opportunity for entry on the Bullish Cypher Pattern.
my original entry was 204.45 with Target 1 at 206.00 and Target 2 at 207.00
Target 1 was successful and Target 2 has not yet been reached. As you ...
The MACD-LT, an intermediate-term trend indicator, is bearish at this time. DIA's chart formation is showing signs of reversing its recent trend. If the stock closes below $203.31 a change in trend will be confirmed. Upside momentum, as measured by the 9-day RSI indicator, remains positive.
Hey Traders, we have a Bearish Cypher Pattern that is about to complete on the Dow and DIA -0.07%15 minute chart! This looks to be a good setup and I will be taking this trade.
Entry- 206.40
Target 1- . 382 Retracement (around 205.90)
Target 2- . 618 Retracement (around 205.55)
I will be trailing stops for Target 2 and actively managing this position, I do ...
