Actionable Trade-Alert
from Rick in the Trading Room
(Please check all related discussion in the room before you do any trades.)
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12:51 |
Let’s plan on shorting AMZN when it hits 186.32. This will be an easy one for your Sparty, since the 12 Apr 187.50 calls you will want to naked-short will be selling for 1.90, give or take a few pennies, if the stock his my target tomorrow. I will come up with a put-buying strategy when the moment is right. At the moment, they are poorly synched at a projected 0.66 low. |
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12:55 |
It’s kinda creepy that MSFT is stealing up on 430.58 yet again, even as nasty little NFLX is once again clawing at 634.14. That’s a major reverse-pattern target on the weekly chart that no one but us could know about. It puts me in mind of ‘The Thing That Couldn’t Die,” a 1958 horror film about the severed head of a very bad man that kept clamoring for attention, even when stuffed in someone’s closet. |
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