August 20, 2017

The Money Chart and a Few Words on IWM

Just a quick post tonight.

I wanted to at least get the High-Probability chart up tonight. The ability of IWM to remain in an overbought state while everything else is selling off has been, well, amazing to watch over the short-term. I’m very interested to see how it plays out. We are seeing some really bearish intermediate-term indicators moving into the market. One thing is certain, even with another short-term push higher in IWM, a bear call spread seems very appropriate at the moment.

So subscribers, stay tuned for a potential trade alert over the next few days. If the price action allows, I plan on making several more trades for the October and November expiration cycles.

Anyway, I hope to have a bit more info in tomorrow’s post. Until then enjoy this infographic on money. Be careful, you might find yourself staring at this for way too long.

 

XKCD

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9-24-2013 11-59-36 PM

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Kindest,

Andy