If you’ve been watching the market, you know it’s been a crazed mess…
One day, we’re down 500. The next day, we’re up 200…
It’s insanity. But, it’s still tradable. For example, the timing on our TLT November 123 put and TBT December 44 call were near perfect. Both show current gains that we’re recommending that you take today.
Sell to close both positions to secure the gains. Both reversed – using technical analysis — as we thought they would.
Now, we’re reversing our positions, as the TLT and TBT find support and resistance.
As the TLT appears to bottom out just above $121, we can profit from a potential swing higher using the TLT December 2015 122 call up to $4.
As for the TBT, it’s beginning to find resistance at the 200-day moving average and could move lower to at least $42. At least… that’s what we’re looking for. We can profit from a potential swing lower using the TBT December 2015 45 put up to $3.50.
Stay tuned for more. Until then, take good care…
Also, we just significantly lowered the price of Rapid Retirement going forward. Take full advantage here: https://traderinsight.com/premium-services/rapid-retirement-system/
Ian L. Cooper
Rapid Retirement System