by Dan Gibby | Apr 28, 2017 | Intra-Day Trading Comments
Below is a daily/weekly chart of Lam Research Corporation (LRCX), $146.52. Trade: We recommend shorting 10 May 150/155 bear call spread (21 DTE) for a limit of $.85/share (caution, less liquid so don’t chase). Technical Setup: Extended all time frames with...
by Dan Gibby | Apr 26, 2017 | Intra-Day Trading Comments
Below is a daily/weekly chart of McDonald’s Corporation (MCD), $141.20. Trade: Under $140.90, we recommend shorting 10 May 144/148 bear call spread (23 DTE) for mid-point (currently $.68/share). Technical Setup: Extended all time frames with possible Wide...
by Dan Gibby | Apr 24, 2017 | Intra-Day Trading Comments
Adjustments and Comments on Open Advisory Letter Trades (Note: We have started posting our trade updates in a separate Report in the Member’s Area. Please see that document for a current reflection on all Open and Closed Trades which will be updated nightly). ...
by Dan Gibby | Apr 21, 2017 | Intra-Day Trading Comments
Below is a daily chart of both $VIX and ProShares Ultra VIX Short-Term Futures (UVXY). Trade: Over $20, we recommend shorting 10 May (weekly 5/12) $15.5/13 bull put spread (21 DTE) for mid-point (currently $.75 share). Technical Setup: Breakout daily from small...
by Dan Gibby | Apr 20, 2017 | Intra-Day Trading Comments
Below is a daily/weekly chart of Jabil Circuit, Inc. (JBL), $29.22. Trade: We recommend shorting 10 Jun $27/23 bull put spread (57 DTE) for mid-point (currently $.45/share). Technical Setup: Breakout daily and weekly after Breakdown Failure, strong (but extended)...
