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The latest from the
OptionHunter session 12/07/2009 SPY - not much change in major markets. Monthly is still moving up, weekly and daily meandering sideways. DIA - daily is slightly weaker technically than SPY, but the weekly is slightly stronger. Don't see any option opportunity in the major markets. UNG - weekly is remaining strong and above the signal line, but not giving any technical entry point. Daily, the move in the MACD happened a few weeks ago when the price was at a low from September, but the MACD chart stayed above the signal line. 30 minute chart said the entry was 12/3, when the blue line turned off the signal line. RYL - Last week the daily has a double bottom and MACD was higher with divergence, but not clearly strong technically because the blue line was not above the signal line. So need lower time frames to confirm whether we can enter into a trade. The hourly chart turned up and had divergence, but should have bought Dec20 calls on 11/30, you would've missed the entry if you got in on 12/1. AAPL - Daily MACD is leading the price lower, and the weekly MACD is moving with the price.
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