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Author Archives: TraderHank
Possible Breakout
Early Tuesday morning ES has just moved above our 1929 area and is currently at 1933.25. If price can continue to climb we will have a new mS area at the 1929 area and price will attempt to trend upward. … Continue reading
ES update for Monday 01/22/2016
Kinda of a boring day today as the ES came down to test the Major Support area of 1893 before bouncing. We are currently sideways from 1928-1893 and the longer this market continues sideways, the more likely we will … Continue reading
Monday morning update for the ES
Overnites price action looked bullish enough to believe that we might break the current downtrend on the 60 minute chart, but a retest of the minor support area (mS) without making a new low negated this mS area and … Continue reading
SPY daily sell fails…
The SPY triggered the daily sell yesterday only to gap up above the entire area overnight. This failure is a very powerful signal that the market is heading higher. SPY Daily 12292015 Click on chart for a larger view Here … Continue reading
ES and SPY price action for Monday…
The ES has failed several times to go higher and has formed an M top on the 60 minute chart. We have a nice void below to the 2031 level first stop on the 60 minute chart and the … Continue reading
2016 market predictions…
After reviewing the SPY charts for a friend I have concluded that the longer time frames of the SPY are beginning to look more volatile with larger price swings producing wide and whippy price action on the monthly, weekly, … Continue reading
Posted in Market Update
Comments Off on 2016 market predictions…
Current Options Positions
I’m sorry that I’ve not posted in awhile. My trading has been transitioning from a directional trader to more of a position options trader. I’m finding that I’m more consistent trading options vs. equity trading. Here are my current … Continue reading
Patience!
I wanted to sell a Put Credit Spread (PCS) yesterday near the lows of the day, but something told me to wait since I really wanted to short this market not go long. My portfolio is a net long … Continue reading
Spy put credit spread
After the large sell off overnight I wanted to share my most recent option play with you. Options have become my bread and butter plays as of late, I just need to share more plays here which I plan … Continue reading
Nice short play in SPY but a little rusty on the management…
I did not get the first drop in the SPY this morning but I was going to be all over the next setup which triggered just after the 11:15 am reversal time. I had the trigger that I took … Continue reading
Posted in Market Trade
Tagged short, SPY
Comments Off on Nice short play in SPY but a little rusty on the management…