by Greg Capra | Aug 13, 2017 | Master Trader Advisory Letter Past
Right when I thought that this market might avoid taking the hit expected from the extreme in our market internals, it trapped the last holdouts with a Breakout Failure and Topping Tail (BOF/TT). Having used these market internals for many years, I’ve seen quite a...
by Greg Capra | Aug 10, 2017 | Master Trader Advisory Letter Past
The broader markets finally gave it up Thursday, but after almost three weeks of chop after the 7-24 Sell Signal given. In prior updates, we went over that fact that the Transportation Index and the Russell 2000 were dropping and were a concern, but the S&P 500...
by Dan Gibby | Aug 9, 2017 | Master Trader Advisory Letter Past
Below is a monthly and daily chart of CF Industries Holdings, Inc. (CF), $31.88. Trade: Over $31.92, consider two trades: (a) buying Nov (11/17) $25 calls (99 DTE) and selling Aug (8/18) $32.5 calls (8 DTE) for $6.76/share (closed at $6.76/share), or (b)...
by Dan Gibby | Aug 8, 2017 | Master Trader Advisory Letter Past
Below is a daily chart of Hess Corporation (HES), $42.90. Trade: Under $42.65, consider shorting Sep (9/15) $47.5/52.5 bear call spread (38 DTE) at mid-point (closed $.38/share). Technical Setup: Bearish consolidation in downtrend weekly chart. Option Strategy: ...
by Dan Gibby | Aug 5, 2017 | Master Trader Advisory Letter Past
We are right into the peak of the summer doldrums for the markets. So the broader markets’ slow activity should be expected. For another week, the broader markets have ended close to where they started the prior week. Since that is the case, there won’t be a lot...
by Dan Gibby | Aug 2, 2017 | Master Trader Advisory Letter Past
Below is a daily chart of Union Pacific Corporation (UNP), $102.33. Trade: Under $101.70, consider buying Aug (8/18) $106/109 bear put spread (15 DTE) at mid-point (closed at $3.52/share). Technical Setup: Breakdown all time frames, and will be failed W Formation...
