01/07/2018

Sample Trade

This is a good example of a typical trade alert:

 

TYPE

COMPANY SYMBOL ENTRY (DAY) TARGET (GTC) STOP-LOSS (GTC)
Buy Call Baidu January 240 Call

Exp. 01/19/2018

BIDU 4.25 7.50

2.75

 

Notes: Baidu has pulled back with the overall market but has held support as you can see on the chart below.  A move through $234 should trigger a run to $237/$238 and if through it’ll give it room to the recent levels around $242.  We’ve been patient though the chop surrounding the tax bill, but now with it passed we do expect to see the Santa Rally take this market on a slow float higher to close out 2017.

Current BID/ASK: 4.05-4.35