Wednesday, September 14, 2016

9-14-16 WBA

Since I'm a day late, I'm going to post the 30 minute chart to see if there's any short term reasons for hesitation. 


This was a bear hit yesterday, and has thusly played out today.



It still looks very bearish here, I'd hang on to this short.  The weekly is not sending a strong signal in either direction.
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4 comments:

  1. SanfordSeptember 14, 2016 at 11:36 AM

    I am staying in short on this one until I get an early SD peak on the daily...Then I'm out. I think it will drop well below the SMA before turning back up.

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    Replies
    1. UnknownSeptember 14, 2016 at 12:16 PM

      I'd personally want more of a signal than that. It depends on the market. Lately I've been more skiddish because the market has been flopping around so much.

      Delete
  2. SanfordSeptember 15, 2016 at 5:55 AM

    Are you talking about checking the 1 hr? I like using the 4 hr. It breaks the day in half, giving you more detail but not too much.

    ReplyDelete
  3. SanfordSeptember 15, 2016 at 1:22 PM

    Sold my WBA Dec16 85 Puts. 44.9% ROI (including trading costs) in 5 trading days.

    ReplyDelete

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