Author Archives: TraderHank

Possible Breakout

Posted on January 12, 2016 by TraderHank
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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 →

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ES update for Monday 01/22/2016

Posted on January 11, 2016 by TraderHank
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  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 →

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Monday morning update for the ES

Posted on January 11, 2016 by TraderHank
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  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 →

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SPY daily sell fails…

Posted on December 29, 2015 by TraderHank
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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 →

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ES and SPY price action for Monday…

Posted on December 27, 2015 by TraderHank
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  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 →

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2016 market predictions…

Posted on December 27, 2015 by TraderHank
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  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 →

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Current Options Positions

Posted on November 23, 2015 by TraderHank
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  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 →

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Patience!

Posted on September 24, 2015 by TraderHank
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  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 →

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Spy put credit spread

Posted on September 18, 2015 by TraderHank
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  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 →

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Nice short play in SPY but a little rusty on the management…

Posted on August 3, 2015 by TraderHank
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  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 →

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