by Greg Capra | Mar 8, 2018 | Master Trader Advisory Letter Past, Past Weekly Options Letters
Overall, the broader markets and sectors continue to mark time within last week’s trading range. I did not notice at the time that I made the video (play it full screen), but Telecom (XTL) has done well this well. Some stocks in the sector pulling higher are...
by Dan Gibby | Mar 8, 2018 | Master Trader Advisory Letter Past
3/8: SRE – Consider shorting Apr (4/20) $105/100 bull put spread for around current mid-point of $.75/share. Breakout from multi-week rounding bottom after Bottoming Tail (Shakeout) above 20/50-MA. Stop $105.78.
by Greg Capra | Mar 6, 2018 | Master Trader Advisory Letter Past, Past Weekly Options Letters
The broader markets are dropping fast tonight on the news of “Wall Street Friendly” Cohn resigning. The DOW is down -433 as I am writing this, but still above last week’s low, so still neutral from that time frame. While prices are nearing that...
by Dan Gibby | Mar 6, 2018 | Master Trader Advisory Letter Past
3/6: UPS – Consider shorting Apr (4/20) $100/95 bull put credit spread (45 DTE) at current mid-point of $.60/share. Bullish gap from consolidation after Climactic Buy Setup daily, oversold weekly and monthly on major support. If trades under $104.90, then...
by Greg Capra | Mar 5, 2018 | Master Trader Advisory Letter Past, Past Weekly Options Letters
The DOW closed up +336.70 — or about 1.4% on the day — and most of the other indices and sectors had a decent day as well. One day does not make a trend, so let’s take a look at this day within the last few days and weeks to put it in perspective....
by Greg Capra | Mar 4, 2018 | Master Trader Advisory Letter Past
Let’s talk about trends and the recent price movements. While one bullish day will result in some follow through to that day, most times and a bearish doing the same. The overall daily market trend has become less certain. Let me go over why that is to quantify that...
