by Dan Gibby | Jul 31, 2017 | Master Trader Advisory Letter Past
Below is a daily chart of Johnson & Johnson (JNJ), $132.72. Trade: Under $132,10, consider shorting Aug (8/18) $134/138 bear call spread (17 DTE) at mid-point (closed at $.75/share). Technical Setup: Sell Setup after Breakdown from Double Top daily chart....
by Dan Gibby | Jul 30, 2017 | Master Trader Advisory Letter Past
After last week’s monster week of earnings was reported, the broader markets ended almost where they started — a non-event? Well almost, not really. The Transportation Index fell sharply on Thursday violating its daily uptrend. And many sectors and stocks fell...
by Greg Capra | Jul 25, 2017 | Master Trader Advisory Letter Past
Breakouts may be one of the most used price patterns. And it is a good one when used properly, but even then they can and do fail, at times. Breakouts from a continuation pattern are lower odds when prices are extended — and that is what we have now in the...
by Dan Gibby | Jul 24, 2017 | Master Trader Advisory Letter Past
Below is a daily chart of Veeva Systems Inc. (VEEV), $65.79. Trade: Over $66.10, consider buying Aug (8/18) $55/70 bull call spread (24 DTE) for mid-point, but with a limit of $10.15/share since spreads might open near market open if triggers (closed at...
by Dan Gibby | Jul 23, 2017 | Master Trader Advisory Letter Past
We are headed into a monster week of news, Master Traders. There are roughly 2,400 companies reporting earnings this week! There is also the typical economic event reports – and, on Wednesday, the FOMC Rate Decision at 2 PM Eastern. And there’s always the...
by Dan Gibby | Jul 19, 2017 | Master Trader Advisory Letter Past
Below is a daily chart of UnitedHealth Group Incorporated (UNH), $189.19. Trade: Over $189.41, consider one of the following trades: (a) shorting Jul (7/28) $187.5/182.5 bull put spread (8 DTE) for mid-point (closed at $.67/share); or (b) buying Aug (8/18) $180/195...
