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Monthly Archives: May 2013
WLT finally broke out of the 3 month downtrend. We alerted our members of possible breakout on 5/8. If you jumped the gun, but held on then you are rewarded today (and possibly for weeks to come). Conservative price target … Continue reading
ADI is forming a textbook WV pattern. There is only one way: UP UP UP!
WMT had a technical breakout today, however, earnings will be announced before market open on 5/16/13. Anything can happen and traders should keep an open mind. Trade long on break of today’s high of $79.96 and trade short on break … Continue reading
C closed above a 2 month wedge. We are biased long in C, however, use today’s hod ($48.05) as entry point just to make sure there is follow through buying. If this breaks out, we expect a $5 move to … Continue reading
We suspect WDC will touch/test a previous high set on April 25th of $57.96. This should give you a good $1 profit run tomorrow. However, enter long on confirmation of breaking today’s high of $56.79.
This is the 3rd month we are reporting our options trading performance. After last month’s learning experience, April had some great trades, and not so great trades. We did, however, manage to get back on track where we left off … Continue reading
Where is AAPL going? We say up until it tests the upper trend line ($450ish) However, respect the market, use today’s high & low as tomorrow’s support & resistance and trade accordingly. Remember, slow & steady wins the race.