Below is a weekly chart of Macy’s, Inc. (M).

 

Trade:    Over $31.90, consider buying May (5/11) $29.5/33.5 bull call debit spread (14 DTE) for a limit of $2.32/share, which will give positive time decay (closed at $2.22/share).

Technical Setup:   Bullish Wide Range Bar (+WRB) Breakout on the daily and weekly charts.

Option Strategy:   Bull Call Debit Spread (BCDS).

Stop Loss:  $30.45.

 

$GLNG (monthly) – Breakout all time frames, will watch.

 

 

$APC – Bullish secondary breakout with strong sector; however, earnings May 1st.

 

 

 

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Trading the Pristine Method — Origin and End

 

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