Over the last few weeks, the market has experienced severe volatility due to the Financial crisis, collapse in oil prices, and indexes getting slammed.
However, the Growth areas of the market (
QQQ) and in particular Tech and Communication names have held up strong.
META, being one of the largest components of 
XLC (along with $GOOG/
GOOGL), gapped up on ER into what we would refer to as a COD setup.
The market has now given us a Cup and Handle breakout, along with a bullish momentum regime in the RSI, which we are using to justify a long position targeting the 230/230 area.
We will be using the Jun16 230/235 Call Debit Spreads at 1.00 to capture this potential price movement. At 93 DTE, we have plenty of time to withstand consolidations along the way.
We will cut with a stop below 185.
However, the Growth areas of the market (
QQQ) and in particular Tech and Communication names have held up strong.META, being one of the largest components of XLC (along with $GOOG/GOOGL), gapped up on ER into what we would refer to as a COD setup.The market has now given us a Cup and Handle breakout, along with a bullish momentum regime in the RSI, which we are using to justify a long position targeting the 230/230 area.
We will be using the Jun16 230/235 Call Debit Spreads at 1.00 to capture this potential price movement. At 93 DTE, we have plenty of time to withstand consolidations along the way.
We will cut with a stop below 185.
We will make you into a better trader in 90 days or your money back. 3+ Years & Counting. Creator of the TTI Trading System. Only Price Pays™ Podcast. Find us on Twitter at @howtoswingtrade for more information or thetradinginitiative.com
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We will make you into a better trader in 90 days or your money back. 3+ Years & Counting. Creator of the TTI Trading System. Only Price Pays™ Podcast. Find us on Twitter at @howtoswingtrade for more information or thetradinginitiative.com
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。