MrNeutral

MrNeutral Updated 

I drew this chart last night and then then opening gapped up. I will short if we close the old gap but feel that a lot of people will be shorting the market at this level. At times like this I am cautious. I may create my position at much higher levels with a vertical spread like 217-218 45 days out as usual (depending on premiums). I am just going to look for...

MrNeutral Updated 

Sorry about all of the lines but I like keeping 3 months of support and resistance lines on my chart. I change the color each month and will clean up a bit with July here. Anyway, the Yellow ovals are gaps that I will be watching for fills. The light blue were ones that I consider filled. If the yellow gap from June 23rd fills today I will consider myself a...

MrNeutral Updated 

I know gaps don't always close but there was one back in March that I almost forgot about. I was just looking for some other people's thoughts on this. I normally leg into Iron Condors and noticed this old gap and thought I might start some positions up near 213 to 215 if we go up a little and then pair those up if we drop to the gap at 200 based on that gap...

MrNeutral Updated 

I plan to sell a Bear Call Spread if the upward move closes the gap at around 207.80, then depending on the speed of the decent I will sell a Bull Put Spread if drops past 205. I will probably do a directional trade on the way down also but that depends on premiums at the time.

MrNeutral

I have been a Bear slowly losing money over the past few months and i am wondering what the consensus is for whether the SPY will close the gap at 206.12 before 4pm on May 31st? All those who think the gap will close by May 31st say YAY... all those who think SPY is destined higher say NAY. All those who choose not to vote will have their vote proxied by me and...

MrNeutral

So many people are seeing bearish patterns that it makes me want to be a bull. My money is mostly short but my resistance levels tell me I may have to feel the pain of another gap fill up near 204. We filled one in blue and now I am thinking the small gap at 204.50 may have to be filled before we head back down to the 199.70 level. Timing is everything and...

MrNeutral

I draw support and resistance lines weekly on the various time frames, just to give myself an idea of where things might change direction. Currently I am nervous about whether 187 will hold or not. The volume on the daily makes be believe we will bounce, but there are a lot of retirees out there that do not want to lose a large chunk of their retirement if it...

MrNeutral

This is what I thought would happen a month ago. China loves iphones. And i am buying an Ipad Pro when it comes out so these all add up to a $15 per share increase. Or everything is crashing like everyone says. Good luck all.

MrNeutral

Now that the 120 support is behind us, i look to around 115 for support. I also look at August 6th being the Ex-Dividend date and for some reason demand for the stock goes up after the dividend is paid, and hopefully fills the gap between 127 and 130. Of course if AAPL blows through the 115 support I will be holding cash to sell some more Veritical Spreads...

MrNeutral

Apple looks to be in a downtrend but I am preparing for two scenarios after dividends are paid. I see a large Daily gap from 127 to 130 and these tend to get closed by AAPL. However if the 120 support line doesn't hold we will most likely see 115. If that happens I think Apple is solid enough going into September to create some Vertical Spreads about 45 days out....

MrNeutral

Normally I watch my support and resistance lines and sometimes use the linear regression lines to gauge where I'm at in the channel. And this is where I would sell a Bull Put credit spread somewhere down around the 195-197 area to give me an Iron Condor against the Bull Call spreads I sold up at 219 and 220. However with the price going through a support line...