by Dan Gibby | Feb 26, 2018 | Master Trader Advisory Letter Past
Below is a daily chart of Foot Locker, Inc. (FL). Trade: Over $49.59, consider buying stock for swing trade. Technical Setup: Bullish consolidation daily/weekly. Stop Loss: $79.49. Earnings 3/2, so close before by 3/1. Below is a daily chart...
by Greg Capra | Feb 25, 2018 | Master Trader Advisory Letter Past
As we all know, volatility has come back in a big way this year. As discussed in a previous letter, the accelerated move at the start of the year into the end of January historically precedes a pullback. However, that did not suggest the extent of the pullback that...
by Dan Gibby | Feb 13, 2018 | Master Trader Advisory Letter Past, Past Weekly Options Letters
2/13: UPS – Consider shorting Feb (2/16) $105/100 Bull Put Credit Spread (3 DTE) for around current mid-point of $.55/share. Climactic Buy Setup daily, breakout hourly. 100% IVR. Stop Loss: $105.08.
by Dan Gibby | Feb 13, 2018 | Master Trader Advisory Letter Past, Past Weekly Options Letters
In our weekend advisory letters, we said: “With the elevated volatility levels in the market (IVR of the VIX is still at 99%), this favors shorting overpriced options (with the charts as always) and/or trades with positive time decay. This should be an...
by Dan Gibby | Feb 11, 2018 | Master Trader Advisory Letter Past
The selling that began at the close of January continued last week and it looks like we have a short-term low in place. Our market internal gauges are supportive of this in the short term; however, it would not be a surprise to see lower lows. I’m not wishing to see...
by Greg Capra | Feb 5, 2018 | Master Trader Advisory Letter Past, Past Weekly Options Letters
In Monday’s letter, I said: “There are other reference points below, but there is really no point to discuss them at this time until we get more information. I’ll mention one anyway: a 10% correction would put the Dow edging just under 24,000 and the next...
