Apr 12, 2019 — FRIDAY PM
WATCH THE APRIL MARKET OUTLOOK RECORDING: Watch the replay of our April market outlook webinar, which reviews some of our candidates from Q1, and also provides great new candidates for Q2: http://pivotboss.com/2019/04/02/pivotboss-monthly-outlook-apr-01-2019-q1-winners-and-q2-prospects/
The ES closed the session above 2900 for the first time since the major sell-off began in Q4 of 2018. However, the NQ and CL both lagged behind. While near-term selling pressure may be seen soon, buying the dips is still advised until proven otherwise. I took profits in $TMUS on a 1/4 of the position, doubling the trade from 2.45 to 4.90. I also triggered a new entry in $TNDM, and I’ll be watching $CCI for a shot at buying the dip. Here are the levels and candidates we focused on during the morning session of the PivotBoss Trading Room.
Topics Include:
- $ACB Holding MAY 8 calls at 1.35
- $RES Holding MAY 13 calls at .55
- $TMUS Holding 2/3 position MAY 70 calls at 2.45, took profits on 1/3 position at 3.85
- $VMW Holding 1/2 position MAY 185/190 call spread at 1.63, took profits on 1/2 position at 3.15
- $RH Sold APR 115/110 put spread for 3.45, took profits on 1/2 position at 1.70
- $MXIM Holding AUG 60 calls at 2.45
- $TNDM Filled order to buy MAY 70/75 call spread for 1.35
- $CCI Working order to buy 130/135 call spread for 1.50
- Buy Candidates: $CCI, $XEL, $TSG, $HSIC, $BAX, $YUMC, $ALK, $WM, $MOMO
Cheers!
— Frank Ochoa
Author, Secrets of a Pivot Boss