blog

5 Charts I’m Watching

Options Trading 101 - The Ultimate Beginners Guide To Options

Download The 12,000 Word Guide

Get It Now
As Seen On

Here are 5 charts I am currently watching. Have a great trading day.

1. AAPL

 

  • Has been more or less range bound for 3 months
  • The Bollinger Band Width is near the lowest it has been in the last 6 months
  • AAPL is in the middle of the Bollinger Bands
  • I’m watching for a breakout either way.

AAPL

2. SPXA200R

 

  • The percentage of S&P 500 stocks above their 200 Day Moving Average continues to flounder as the major indices struggle at the highs.
  • Making successively lower highs
  • Currently well below the peak set in December

SPX200

 

3. BKLN

 

  • Showing RSI divergence at the highs.
  • I’m watching this to see if it rolls over or breaks to new highs. Stocks could follow the lead.

BKLN

4. Yield Curve

 

  • Negative yield curves are typically seen as a precursor to recession.
  • No sign of a negative yield curve here

Yield curve

5. Junk Bonds

 

  • Corporate defaults are another item that can cause the economy to falter.
  • Right now, junk bonds look pretty strong

jnk

 

Click Here For My Top 5 Technical Indicators

Leave a Reply

Your email address will not be published.

Options Trading 101 - The Ultimate Beginners Guide To Options

Download The 12,000 Word Guide

Get It Now