Apr 01, 2019 — MONDAY AM
JOIN ME TONIGHT!: Please join me Monday evening (APR 1, 2019) at 6pm CT (7pm ET) for the Monthly Market Outlook for April and Q2. We’ll review charts, recent trades, and prospect for new opportunities during ths session. Join with this link: https://join.me/pivotboss
The ES and NQ are trading higher today, but are trading within very narrow ranges so far, thus extendeding the recent streak of range-bound days to 6 straight. Overall, the uptrending structures remain intact. Crude Oil continues to test prices around 61, which is a level to watch for signs of rejection early in the month. I triggered a new entry into $VZ, buying OTM May 60 calls for .79. I’m looking for a strong start to April out of this one. Other long candidates I’m considering are $YETI, $RH, $O, and $CHD. Here are the levels and candidates we focused on during the morning session of the PivotBoss Trading Room.
Topics Include:
- $WMB Holding MAY 29 calls at.73, looking for 1-2 week rally
- $MUR Holding APR 30 calls at.67, looking for 1-2 week rally
- $ACB Holding MAY 8 calls at1.35, looking for 2-week rally
- $STAY Holding MAY 17.50 at .70, looking for 1-3 week sell-off
- $VMW Holding MAY 185/190 call spread at 1.63, looking for 1-3 week rally
- $VZ Bought MAY 60 calls for .79, looking for 2-week rally
- Buy Candidates: $VZ, $YETI, $RH, $CHD, $MMM, $IIPR
- Sell Candidates: $STAY, $SPLK
Cheers!
— Frank Ochoa
Author, Secrets of a Pivot Boss