by Dan Gibby | Jan 3, 2018 | Master Trader Advisory Letter Past
Below is a daily chart of Harley-Davidson, Inc. (HOG). Trade: Provided it opens under $50.60, consider shorting Jan (1/19) $52/56 bear call credit spread (16 DTE) for closing mid-point of $.33/share or better. Technical Setup: Bearish Pro Gap under Major...
by Dan Gibby | Jan 3, 2018 | Master Trader Advisory Letter Past
Below is a daily chart of Delta Air Lines, Inc. (DAL). Trade: Over $56.74, consider buying stock for swing trade. Note: Earnings 1/10 pre-market, so sell beforehand. Technical Setup: Breakout daily/weekly/monthly. Stop Loss: $55.84. Miscellaneous...
by Dan Gibby | Jan 2, 2018 | Master Trader Advisory Letter Past
Below is a daily chart of Allergan plc (AGN). Trade: Consider shorting Jan (1/19) $160/155 Bull Put Credit Spread (17 DTE) for current mid-point of $.65/share or better (since extended intra-day). Technical Setup: Bullish W Bottom with +WRB today (if closed...
by Dan Gibby | Jan 1, 2018 | Master Trader Advisory Letter Past
Trade Adjustment 12/26: M – Shorted Jan (1/19) $25/21 Bull Put Credit Spread for $.49/share. 1/1: We initially had a stop loss of $25.08 which is close. Although this Breakout Failure is unfortunate, it is still within the consolidation at r20-MA and...
by Greg Capra | Jan 1, 2018 | Master Trader Advisory Letter Past
As we start the New Year, the primary focus of this letter will be to review what occurred and where things are likely to go. So it will be a bit longer. At the end of 2016, the markets were choppy and ground lower. The move lower was just before the results of the...
by Dan Gibby | Dec 29, 2017 | Master Trader Advisory Letter Past
Below is a daily chart of 3M Company (MMM). Trade: Under $235.70, consider shorting Jan (1/19) $240/245 bear call credit spread (21 DTE) for mid-point (currently $.80/share). Technical Setup: Bear Flag consolidation at d20-MA after Breakdown daily. Option...
