GoldBands

GoldBands

I entered a 150/145 Put Credit Spread on STZ last week. Trade was sitting pretty as price shot up to 156. Then, of course, the biggest correction to STZ in 4 years. I do like that the 200 ema and the 618 fib retracement held firmly. 9 days left to claw its way back.

GoldBands

My target for Appl is 58.10. That will be a nice 1.628 projection from the July 21 high. From a fundamental perspective, and as a long time Apple fan, I think that Tim Cook and Co are taking huge sums of money in pay and options and not doing anything to create the "next big thing". I've been in the tech business a long time and have seen many dominant companies...