Master Trader Trade Idea and Updates

Below is a daily chart of Ryder System, Inc. (R), $67.45. Trade:    Under $67.25, we recommend buying 10 Jun 70 puts (37 DTE) for mid-point (closed at $3.60 x 3.90/share). Technical Setup:   Bearish 1-2-3 Continuation (-123) following Pro Gap down and bearish 2-week...

Master Trader New Trades 5/3/17

Below is a daily chart of Edison International (EIX), $79.11. Trade:    Under $78.75, we recommend shorting 1000 shares of stock. Technical Setup:   Breakdown daily and weekly from topping pattern after bearish engulfing bar. Target:  $76-77 area. Stop Loss:  $81.22...