by Greg Capra | Mar 25, 2018 | Master Trader Advisory Letter Past
As an investor and trader using chart patterns for making decisions, the drop at the end of the week resulted when the “tightening spring” broke. Read last Monday’s letter if you missed it. There was also a failed attempt to move higher on Wednesday. That...
by Greg Capra | Mar 22, 2018 | Master Trader Advisory Letter Past, Past Weekly Options Letters
Hello Traders, The broader markets, sectors and most stocks were taken to the woodshed for a beating today. Only bonds were up in the day, so the selling was broad-based. See the sector list below. From an intermediate-term point of view, this is still a wide messing...
by Dan Gibby | Mar 22, 2018 | Master Trader Advisory Letter Past
3/22: FIVE – Consider shorting Apr (4/20) $65/60 bull put credit spread for a limit of $.60/share current mid-point (29 DTE). Breakout of consolidation on earnings, relative strength to market daily (and big reverse head and shoulders), bullish weekly and monthly. ...
by Dan Gibby | Mar 21, 2018 | Master Trader Advisory Letter Past
3/21: COP – Consider shorting Apr (4/20) $53/45 bull put credit spread for a limit of $.56/share (currently $.50/share but extended hourly). Breakout of consolidation and Major Support daily and weekly, strong sector. Stop $52.91.
by Dan Gibby | Mar 21, 2018 | Master Trader Advisory Letter Past
3/21: HAL – Consider shorting Apr (4/20) $43.5 naked puts for a limit of $.49/share (currently $.43/share but extended hourly). Breakdown Failure on 200-MA and Major Support daily, Bottoming Tail weekly, strong sector. Stop $44.20.
by Dan Gibby | Mar 21, 2018 | Master Trader Advisory Letter Past
3/21: JWN – Consider shorting Apr (4/20) $50/55 bear call credit spread (31 DTE) for around current $.71/share mid-point. Bear Gap under consolidation and rolling 20/50-MA. Stop Loss: $50.02.
