SPDR S&P 500, BANK OF AMERICA CORP, CREATIVE MEDICAL TECHNOLOGY HOLDINGS, INC., NEOVASC INC, FREEPORT-MCMORAN INC, GENERAL ELECTRIC COMPANY
S&P 500, Nasdaq Composite, Dow 30, Nikkei 225, DAX Index, FTSE 100
US 10Y, Euro Bund, Germany 10Y, Japan 10Y, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
MCD has tested this level a couple of time and this time appears to be no different. All the time frames are lining up and I am anticipating a bounce over the next couple of days. I have entered June 19 calls @ .91 with a stop @ .76. I will move my stop up to break even as the trade becomes .05 cents over my purchase price.
Looking for a move lower based on a divergence between the price action and the stochastic. Price has made a higher high and the stochastic did not. Any weakness in the market has the potential to move the stock lower. If the market opens up tomorrow and there is any weakness in the stock I will enter July Puts.
I know today was not great and the bears are screaming that the correction is beginning but all we have really done is get back into an oversold condition with support right below us and we are sitting right on a lower trend line from a downward channel.. A coiled Stochastic on the fast time frame could equal a nice pop and push back up to the top of the ...