CVX IF you think CVX will (continue to) trade below it's 200 day ema looking out next 2-3 weeks- then don't look for an entry - but if you think it will trade >60 by 11/21 then look to get long here. So far the post-earnings level of 55 was a "pivot" prime entry so far. But with options expiry ahead there is still possibility CVX returns to 55 -- perhaps even gets pinned near there. Thus I am still open to selling 55c or selling short - at some point down the road. My "bias" though is to stay with the major trend - UP also looking to c what happens to CVX this afternoon
Weekly chart for CVX is extremely dangerous for buyers. Daily chart is a bit okay; the stock is accumulating for a possible uptrend. However, the intraday chart is dicey. What is happening to ICF could happen to CVX. I prefer an established trend. Will keep CVX on my radar! The search continues..
More likely that YHOO will retrace to 37.50, 37, and 36.50...it's dangerous to go against the trend, especially the intraday trend! I think I may have a new position today....intraday for most stocks looks good. Kicking to the background daily chart rules.
Can we do over-the-counter trade on ET because I'm willing to sell Dell Nov 30 Call; how do we go about it? Technical factors say Dell Nov 30 Call is likely to expire worthless. But you might be right if you have some insider information.
I don't have insider information and for a big company like DELL you can not have any insight even if you work there. I think market is trying to go up and DELL bad news was already priced in. As I said before, I agree that is risky but the reward can be good. You can buy Call 27.5 and sell Call 30. Then both of us will be happy :=)
Anyone actually traded today? Besides saying keep an eye on that, put that on radar... Anyone did trade today? Who is watching YHOO opening at 36.74 and keep watching it climbing steadily to 38.71? Are you nuts? YHOO moves intraday $2 is rare, and you missed the move? Why would you keep staring at it going up, and then tell yourself, "hey, it is gonna go down, it is gonna go down... damn up $1 now? hey it must be going down, it must be going down, ... damn up $2 since open?" Yeah, now it is down $1 from the intraday high, and you are GOING to think about shorting it... yeah! Keep it on radar...keep both eyes on it...shoot, what happened, it shot back up to 38+! Dude, after the whole day, you have only got "OOHY" burned on your glasses.