The Big Boys-DIAToday the market will open lower and retest 23930.....Its nearly there now. I expect a dip of another 1100 points...This is not over in any way shape or form.
I have my eye on the XIV fund for a placement of physical and calls. My calls are at .17 for the 30's March expiry.
My longs are for the same at 5.00 per share. That one excites me the most considering it was 145 dollars a unit 4 days ago....this got clobbered hard.
This is my plan and for information only!
DIA trade ideas
Dia's first potential major supportOver a week ago, I pointed out the extension of the Dia using the monthly RSI, where it has never been this high historically. I am not here to point out that I am right. But it is frustrating when the moves happen so fast, where the human mind can not adapt that fast. This chart shows the potential level of the first major support for the dia. I predict it may be around the 225 to 227 level. If this does not hold, we could have more downside and a potential bear market. The 225 to 227 around the 200 dmva, a 50% retracement of Fib breakout range, top of the breakout channel and finally its a 15% decline from the Dia high.
First real major support for the DiaOver a week ago, I pointed out the extension of the Dia using the monthly RSI, where it has never been this high historically. I am not here to point out that I am right. But it is frustrating when the moves happen so fast, where the human mind can not adapt that fast. This chart shows the potential level of the first major support for the dia. I predict it may be around the 225 to 227 level. If this does not hold, we could have more downside and a potential bear market. The 225 to 227 around the 200 dmva, a 50% retracement of Fib breakout range, top of the breakout channel and finally its a 15% decline from the Dia high.
Neutral trade on DIA (double double)DIA IVR 33.8
Sold the 211/215/201/188 Iron condor
for $4.70
Target 50% of credit received
Ratio 3x the calls spreads for every 1x Puts spreads
The trade:
Sold (3x) 211 Calls
Buy (3x) 215 Calls
Sold (1x) 201 Put
Buy (1x) 188 Put
for $4.70
Max profit $470
Max loss $830
Bearish Cypher Pattern on the DOW & DIA! DOW heading lower?Hey Traders, We have another short term trading opportunity on DIA. There is a bearish Cypher Pattern Completion on the 15 Min Chart along with several 15 min Candle closes outside of the upper Bollinger Band. The Market is trying very desperately to go higher but cannot seem to break out of this range that it has been in. The Market may be attempting to go higher here but I will not be betting on that until we see some real signs of strength and can create a higher high/higher low.
Entry- 209.40
Target 1- 209.00
Target 2- 208.70
Stop- 209.80
DIA: Dow showing 30 points up in London. Cheap as chipsDIA: SPDR Dow showing 30 points up right now at Igindex.com. that's damn cheap. Take a look at Germany- up 138. Dow and Nasdaq both trading now and are still offering great returns for the brave bull who uses stops sensibly (so they don't get hit unless the market is turning down bigtime)