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3 comments:
Hi Dave
We are looking at doing a bull flag entry (if we get the entry signal) on AMAT. However, if you do the support to resistance on the last intermediate pull back from July 27 to Aug 10, the fib 200 is at $53.24 which is only $1.30 from the entry price (based on today's candle).
Taking into consideration your discussion on the SPY from "after the close" video from yesterday, you showed the 200% fib ext on the last intermediate channel break out and indicated since it was getting close to that now there might not be much left in the current move up and that it could correct either by bull flagging or perhaps another deeper correction.
Your comments please then on the AMAT set up.
We have seen you talk about this previously and we are wondering if some of our bull flags do not work because of this as we have not really paid attention to this technical detail.
Thanks
Bruce & Susan
Aloha Dave
Question for you.
You noted in the IBB talk over the last few days how some of the etf's (Spy etc.) have great leverage. Is there a way to tell the leverage on the options associated with any stock. I know Beta tells us how it will move compared to the SPY but that doesn't help, at least from what I'm aware of, with choosing what stocks options to trade.
I may not be asking this correctly but so one other way to ask is:
If I looked at 10 stocks to trade, and looked at front month options for At the Money, is there a way to tell which ones have the highest or best leverage?
John
Dave....Amazing videos Looking forward to Fridays - Thanks for your great insights.
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