I am still Slightly Bearish and we need just a couple more down day candles confirming a Bear market. We are getting a wimpy bounce off of that 200 SMA. I wanted to see something a little stronger in order to change my mind - a big green candle would have made me reconsider. As it looks now, we are at the beginning of another downtrend.
I found a few names for the Watchlist this Monday. A lot of good looking names have earnings reports coming up, so I will avoid them for now.
I found one exciting Diagonal Spread trade that I’ll post for paid subscribers.
- Good Luck and Happy Trading
Disclaimer: This information is for educational purposes only. I am not a dealer/broker nor am I a licensed investment advisor. This is not a recommendation to buy or sell any securities. I do not know your personal risk tolerances or financial situation. Never risk any money that you are not willing to lose. Options involve risk and are not suitable for all investors. The information provided is thought to be correct at time of publication. I may or may not hold or trade any positions in the securities listed in the newsletter. It is possible to lose all or most of your money. Please consult a professional, licensed investment advisor.
Please Read Full Disclaimer
Watchlist
Bulls
CPRT
BWA
Bears
LNC
Options Trades
Bull Trades
Keep reading with a 7-day free trial
Subscribe to Weekly Options Report to keep reading this post and get 7 days of free access to the full post archives.