I am out for a little while. I had Hip Replacement surgery this week and taking too many meds to trade. I am going to try again to get this up to speed. Pretty simple read at this time. I am looking to buy a few long puts with the idea of a pull back.
CVS Long Call will scale at 75.95 maybe…
This is a pretty nice move. OBV is up, MA,s up, price is well above the high Keltner. We have been working on an indicator that we are liking a lot. I think we will share it at our next meetup Albuquerque Market Traders. Maybe we will see you there. Interested what you think of the arrows and dots on the chart. More to come.
Tesla had a really nice move at earnings. Nice move up after then down we go. On Balance Volume is saying that sellers are in control. IBD Accumulation/Distribution is at D-. So now where to??? 296 will be tested next week and then I feel it will go to the next level of 277. Gun to my head trade would now would be buy a long put with at least 20 days to expire until it gets to support.
I met with a group of traders last night. We had a wonderful conversation. The best thing was talking about John Carters TTM Squeeze . One of the gentleman in the group is very proficient using this tool. I am going to revisit this after I get through this quarter. I am testing an earnings trade using on demand and paper that is taking every extra minute I have. The good news I am seeing some very promising results. We also talked about having a chat or blog for this particular group. I just say it is really awesome to have traders to share with.