Winning

Winning

Monday, October 27, 2014

Hold FWRD hold MMM option

I looked at MMM and it looked like it is approaching overbought territory, the RSI doesn't look like that it will give it any room to climb upward. Remember, we are holding November MMM options and we are looking for a drop to get some or all of our money back. Thankfully we have some time before erosion starts to affect our price.
Forward Air seems to be entering into what looks like a coiled spring position. This means that if this continues to coil up, it could blast either north or south. We continue to hold.
I dont see any trading ops today, later tonight I will post a long range pick, perhaps another article on trading.

Stay Frosty my friends,
Mark

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