by Dan Gibby | Jul 2, 2018 | Master Trader Advisory Letter Past
7/2: IYT – Consider shorting Jul (7/20) $180/175 Bull Put Credit Spread for $.53/share (18 DTE). Bullish engulfing on Major Support after Climactic Buy Setup around r200-MA on the daily. Stop $182.78.
by Dan Gibby | Jul 2, 2018 | Master Trader Advisory Letter Past
7/2: FDN – Consider shorting Jul (7/20) $130/125 Bull Put Credit Spread for $.45/share (18 DTE). Bullish retest on daily above r50-MA daily, bullish uptrends weekly and monthly. Stop None now, will monitor.
by Dan Gibby | Jul 2, 2018 | ETF Past Letters
The broader markets gaped lower last Monday and the selling continued until just before the close. It looked like the markets were headed lower and could possibly break the intermediate-term trend, but the rest of the week was a lot of running in place. By the end of...
by Dan Gibby | Jul 1, 2018 | Master Trader Advisory Letter Past
In last week’s letter, I said the ongoing rhetoric of trade wars between the US and China kept market participants on edge. Until there is some resolution to that, it’s likely that you are going to continue to see corrective, choppy price action. That is exactly what...
by Dan Gibby | Jul 1, 2018 | Past Weekly Options Letters
Below is a daily chart of Accenture plc (ACN). Trade: Over $165.56, consider shorting Jul (7/6) $162.5/157.5 bull put credit spread (5 DTE) for mid-point but a limit of $.60/share (closed at $.72/share). Technical Setup: Bullish +123 continuation to...
