Something is going to happen. I am looking at the chart and I am seeing a very low ADX, which is signalling a big change.
I am just having trouble reading which way it is going to go. So this is what we are going to do. I am going to purchase a spread here, a call and a put at the same time that expires in the middle of Janurary so as to give us some time before erosion hits.
Here are the ins:
There. Both a call and a put.
Now we sit back and wait like a cat next to a mousehole.
Tradinginsider
Friday, December 4, 2015
Home »
» I get the feeling that...
I get the feeling that...
8:24 AM
No comments
Related Posts:
We will be holding our positionsThe positions we are currently in: GDOT: Looks as though it has caught up to its price jump and is forming a base. However, its earnings are due out Aug 4th, and that could be a problem due to the fact that its not expected … Read More
Exit yesterday QQQ calls Yesterday we bought QQQ calls. They are only up a fraction, but I see something negative approaching, so after commissions, this comes out to about even. I will explain why in a post later today that combines the cubes and sp… Read More
SPY on the other hand made us 20% overnight!While our QQQ option was a dud, the SPY option that we also purchased earned us a bit over 20% overnight. I am going to exit it and take the money as the cubes are flashing a graveyard cross failure sustained climb signal. I … Read More
Thurs ForecastI see a slightly slower up day, things stagnating a bit with a small climb up then kind of sideways as a top of a channel is tested. Not going to be a big action packed day...a bad jobs report the other day, China seems to ha… Read More
Update in ProgressTaking a look at the market right now, stay tuned Tradinginsider… Read More
0 comments:
Post a Comment