Monday Update

Strikes for PCLN

185/200/220 debit 1.68

GMCR

70/75/80

Debit .75

you can always see the strikes in the order box at the bottom of the graph as well

Good Weekend to all gang

Today was rather boring except for the blog the tape was a dream killer. But it appears that we are on our way to that 1108 mark sooner than later, I will re access after that, but the bulls have all the $$$$ and step in on every dip to buy.
Here is a risk graph of a butterfly, it is not the exact strikes, but i want you to start to get to know risk graphs and get so good you can look @ one and know whether it is a good one or not

sunday update 11/8 GMRC earnings Butterfly

New Trade for APOL I don’t like any of the spreads for APOL so since the IV is low and there is over 1000 OI on the DEC 60 I will go with a straight call option

This weekend doing a top on OTM, ATM and IMT as well as Risk Mangement. I also will be taking pictures of the Pappa John’s colony and making a page for the ferals. I want you all to put a face with a homeless animal. Also thank you to the folks who opened up their heart. And if you want to donate just for all the help you get here, that would be great. Not just the same folks, but if everyone could find it in there heart to donate a little, I would be able to do more than I do. I am getting a paypal debit card to use the funds solely for the homeless pets.

Off to feed 25 right now have a great weekend Love to you all !!

Jack here,

Looking at the charts tonight, the big move up today has left both bullish and bearish readings for the tape open. On the bullish side, we have just made higher lows on Dow, SPX and Nasdaq (closing basis) and here is a cycle pivot chart from Joe8888 that I have redone and updated. It is not encouraging for bears if this cycle still holds, as we would appear to have just made a significant pivot low

Another bullish chart is the Dow, which has bounced cleanly off the lower trendlines
and is now rising back towards the upper trendlines:

On SPX we have broken back into the expanding wedge today, and the next serious
resistance is at 975 for the retest of the main rally trendline

The picture on the Nasdaq is still bearish or mixed. All trendlines are broken and
we are now retesting the broken expanding wedge lower trend line

Now I have some more to come due to browser overload later this morning

Anna here G/M thank you to Jack and let’s rock today gang. We had a blast yesterday, so let’s go out on the weekend with a bang!