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Market Breadth Analysis
Get a Price Discount & Reduce Risk -- by combining options and selling some premium.
Options Income Trades - Short Strangles on SPX (/ES futures) when volatility spikes; Lately have been selling premium in the Bond Futures (ZB), Gold (GC) & Oil (CL) because they're less correlated to stocks.
Market Breadth: McClellan Oscillator, Summation Index; $VIX , Put-Call Ratio, Advance-Decline, $TICK, $TRIN.
** FUTURES -- selling premium (short options for income) in Bonds ZB: and Crude Oil CL; some tail-risk hedges are in place.
PORTFOLIO HEDGE: long QQQ March 168 Puts @ $4.40
long:JD, KWEB, NTES, EEM, ITA, NFLX, AAPL, BIDU, ALKS, GILD, BX, KBH, /CL - crude oil
August 2016: Apple is picking up. Broke RED DownTrend line.
Looking for Weekly MACD to cross >0; Slow STO 60 TO CROSS >50 for longer term signals.
9/15: Both of the above signals fired LONG
Sep. '16: multiple Buy signals
August 2016: +DI CROSS !
Dec 14: AAPL struggling to get a 'bid'.
Nov 3: We're hitting the major Trendline from Below. this is a resistance area.
Aug 12: Held the uptrend (114-115 level) after testing below 110 this morning.
Aug 24th: Current support @ 92.
Aug 17, 2016: close to an upward cross. Buy the next dip
Aug 4th: today AAPL tried to bounce off the January GAP area. 61.8 Fibanacci just above.
Aug 5th: short term resistance is at 117.5, which was Tuesday's opening price. (Lots of people wish they had sold there, so it becomes resistance).
** Resistance zones are based on Psychology: 'I wish I had sold there_________' 'I want my money back if it gets back up there ________'.
August 2016: Weekly +DI Cross; 10-34 > Zero
Buy the next pullback
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