by Dan Gibby | Sep 3, 2017 | Master Trader Advisory Letter Past
Last week, the markets rallied vertically after Tuesday’s gap lower into support. The slow grind lower over the last 1.5 months to price support — and then the gap lower — was too much to resist for buyers. The gaps lower on Tuesday seen in some markets...
by Dan Gibby | Aug 31, 2017 | Master Trader Advisory Letter Past
Below is a daily chart of Target Corporation (TGT), $54.53. Trade: Under $54.18, consider the following: (a) shorting Sep (9/15) $55/58 bear call spread (14 DTE) for mid-point (closed at $.61/share), or (b) buying Sep (9/15) $57.5 puts (14 DTE) for a limit of...
by Dan Gibby | Aug 29, 2017 | Master Trader Advisory Letter Past
Below is a daily chart of Apple Inc. (AAPL), $162.91. Trade: Over $163.12, consider buying Sep (9/15) $150 calls (16 DTE) and selling Sep (9/8) $167.5 calls (9 DTE) for mid-point (closed at $12.95/share). Technical Setup: Breakout daily and weekly, strong uptrend...
by Dan Gibby | Aug 26, 2017 | Master Trader Advisory Letter Past
Last week, the broader markets rebounded from the prior week’s broad-based selling. Bullish traders quoted in the media touted a broad-based rally on Tuesday. While most sectors were up on that day, the volume was about half of what it was on the move down. Not what...
by Dan Gibby | Aug 24, 2017 | Master Trader Advisory Letter Past
Below is a daily chart of Splunk Inc. (SPLK), $60.28. POTENTIAL Trade: On earnings, it is having a Pro Gap Breakout after market. Over 30-Min. high, consider shorting Sep (9/1) $60/55 bull put spread (7 DTE) for a limit of $.50/share. Note: Please check Open...
by Greg Capra | Aug 23, 2017 | Master Trader Advisory Letter Past
Wednesday was an inside day for some of the broader markets and stocks. An inside day trades below the prior day’s high and above its low, so is neutral or construed as “marking time.” The inside day’s high and low will be our first reference...
