The MACD- I need the MACD indicator to show me the same thing the RSI indicator is showing me for the purpose of confirmation. I then have what I need! If you look at the bottoms of the MACD moving averages, you will notice that they always end just above the zero line which also separates Bulls and Bears. This confirms to me that the stock looks like it's good to continue up because it's billing the bottom again well above the zero line.
Summary-the early signs point to a continuation of the pattern that has been prevalent for months which means the stock looks like it's going to continue to move up at this point. Those are my early observations, but the stock could also be forming a double or triple top and the last peak we see could be its high for the summer. We will watch and see.
So how did SLOW MONEY OPTIONS do for the week? I had announced 3 trade recommendations on Thursday. My SPY put spread for 6% return did fine. The AAPL put spread did fine with a 5%. The AAPL call spread 10% and the put spread 7%. RULES, RULES, RULES but I like it. I prefer to trade consistently than hap hazardely.
Remember always do the more conservative spread is the reason that I give you choices. What I do is take all my recommendations just split the money between choices. You can trade just enough to give you an extra days results of trading or trade enough to give you a weeks worth of trading. The choice is yours take responsibility.
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I am trading weekly options to help you grow your portfolios a little each week. We are either making money or not losing money. Thank you for letting me serve you, I consider it a privilege to work with each of you. I strive to make a successful trade one week at a time.
Are you making money? If not why not trade with me. Remember the goal is to make money NOT lose money . . . Duh . . . . . . . Take a look and see how Slow Money Option Trading went https://docs.google.com/spreadsheet/ccc key=0AjgjBJLwH3rdERid3A0RE1GRFlyaHB0S0VxbHc0Vnc&authkey=COb7xdMJ
Remember if your not a paid up member of the Fast MoneyTradingTeam you will not get the weekly Slow Money Option recommendations. Yes, I expect to publish Wednesday,Thursday or Friday my weekly option trade to the paid up members.
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I hope you will learn from my years experience as a professional trader.