h&s chart


(SPX Daily Chart. Right click image to view larger)

S&P 30-Day Outlook = -1.2

(*on a scale of -3 to +3)

Trade ideas: **

Date_O/C_Sym_Option___Detail____________________ Price _Stop _Sell
6/29_Open___SPY_Calendar_Call_Buy Jul 209.5/Sell Jul1 209.5___1.18__203.95

6/25_Open_MCHP_Butterfly Call_Buy (1) Jul 48/Sell(3) Jul 47/Buy (2) Jul 46 _ .75 _ 46.25

6/9/15 Open SPY Diag Call Buy Jul2 206/Sell Jul1 207.5 1.35 $205

6/1/15 Open FB Bear Call Sell Jun4 81/Buy Jun4 82 .35 Credit None

5/26/15 Close MPC Diag Call Sell Jun 102/Buy Jun4 103 .90 Credit $107 .25

5/22/15 Close VZ Diag Call Sell Jun 47.5/Buy Jun4 52 2.24 Credit $51 .00

5/13/15 Close KMI Diag Call Sell Jun 42.5/Buy Jun4 43 .15 Credit None .00

 

Components of S&P Short Term Score:

expert Tom = -2

expert Charles = -1

professional trading group poll = -1

30-day linear regression line = -2

TLT indicator (greater than 89 day M.A.) = -1

TRIN indicator = 0

VXX = -1

Expand indicator = 0

200 Day MA indicator = -3
*Legend:

Short Term=30 days

+3 means today’s confidence level is very strong that market is trending in a bullish direction (S & P 500 index).

-3 today’s confidence very strong …bearish direction.

**The information presented and made available on this blog is intended for educational purposes only. The information is not investment advice. The risk of loss in trading securities and options can be substantial. Always seek advice from your broker or other investment advisor.

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