by Dan Gibby | Oct 18, 2017 | Master Trader Advisory Letter Past
Below is a weekly chart of Tech Data Corp. (TECD). Trade: Under $92.35, consider shorting Nov (10/17) $95/100 bear call spread (29 DTE) for a limit of $1.15/share (closed at $1.20/share but spready so should get price improvement). Technical Setup: Bearish sell...
by Dan Gibby | Oct 18, 2017 | Master Trader Advisory Letter Past
Below is a daily chart of Finisar Corporation (FNSR). Trade: Consider shorting Nov (10/17) $23/25 bear call spread (30 DTE) for current mid-point of $.30/share. Technical Setup: Bearish breakdown daily and weekly, downtrend all time frames. Option Strategy: Bear...
by Dan Gibby | Oct 16, 2017 | Master Trader Advisory Letter Past
Below is a daily chart of IHS Markit Ltd. (INFO). Trade: Under $43.70, consider shorting the stock. Technical Setup: Breakdown following Pro Bear Gap, -WRB, and bearish retracement on daily and weekly. Stop Loss: $45.02. Adjustments and Comments on Open...
by Greg Capra | Oct 15, 2017 | Master Trader Advisory Letter Past
The broader markets ended the week close to where they started, which left a narrow body candle on the weekly charts. It’s just a stall within the existing uptrend and the pattern does not suggest anything more than that at this time. The Transportation Index does...
by Dan Gibby | Oct 12, 2017 | Master Trader Advisory Letter Past
Below is a daily chart of Amazon.com, Inc. (AMZN). Trade: Consider shorting Oct (10/20) $960/950 bull put spread (8 DTE) for current mid-point of $.55/share or better. Technical Setup: Breakout daily/weekly after 100% Retracement and consolidation at Major...
by Dan Gibby | Oct 11, 2017 | Master Trader Advisory Letter Past
Below is a daily chart of iShares Russell 2000 ETF (IWM). Trade: Under $149.60, consider shorting Oct (10/20) $150.5/153 bear call spread (10 DTE) for mid-point (currently $.65/share). Technical Setup: Topping pattern and anticipated breakdown after Climactic Sell...
