The Best Sign To Alert To A Market Fall,…
Chart of the Day: Walmart (WMT)
Walmart (WMT) now trades for less than $60 per share.
All after the stock split 3:1.
From its current price of $59.60, it could push even higher, as the lowered prices attract far more investors. Earlier this month, the company said it would split the stock after market close on February 23, and then start trading post-split on February 26.
Breaking Down XLF’s Technical ‘Buy’
Yesterday, we looked at a Daily Price Chart for the SPDR S&P Retail ETF, noting that XRT has been making a series of new 52-Week Highs.
For today’s Trade of the Day e-letter we will be looking at a daily price chart for the Financial Select Sector SPDR ETF, symbol: XLF.
Event Trading: Become Independent
Event Trading is a way to flee from Wall Street, to become independent and self-reliant. The only way to recover bull market losses, in my opinion, is to find a way to make good money in a short amount of time while keeping risk to a minimum. That is the alternative offered by event trading. It’s for those who are ready to leave the Wall Street “experts” behind.
Up? Down? Here’s What To Do Right Now
Today was an active day for subscribers but I do believe the ship has gone on the things we did. First off we are previously long the June 60 puts on PYPL. Today we sold the PYPL March 1 puts against them for 85 cents. As of the close they have an intrinsic value of zero and expire in 3 days. That reduces the cost of the June puts if the stocks stays here. We also bought a March 01 SPY 503 call and sold the 509 call spread for a cost of $3.00. The spread widens to $6.00 if the SPY closes over 509 by Friday. Tuesday close was 507. Obviously these trades are short term bullish.
The Best Sign To Alert To A Market Fall
The market just keeps plugging higher. Is it wrong?
Every time we see a higher-than-expected inflation number, it seems that the market gets scared. Financial media starts discussing the possibility of fewer rate cuts, and slower potential growth as a result. And the market pulls back.
Is This Weeks Resistance The Top Of Tech?
One of my favorite QQQ indicators just gave me an example of clear sign on how to trade it and I wanted to send it right out to you. Read below for the chart that showed the signal in this example, why options offer great advantages for trading it, and an update on a previous trade.
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