CVX and XOM hourly divergence on 9/15/20 reaped 500% next morning

Uncategorized Sep 18, 2020

Can't really miss these divergences on the hourly charts of CVX and XOM and picking up the out of the money option before the close on 9/15/20 was perfect timing.

Entry in the last 30 minutes of the trading day as the stocks just started turning up was ideal. The  XOM September 18, 37.5 calls could have been  had for 11 or 12 c. The next day they were as high as 83c. An alert trader could have taken 500% gain, and with over 2500- 3000 contracts trading a day the spread was reasonable.

The CVX September 18, 79 calls could have been had at a similar time to XOM in last 30 minutes of the trading day for 12c or so. By the next day they traded as high as 1.06. Spread wasn't as nice as XOM as volume was 300 - 500 contracts but again 500% gain was easy to make.

 

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Waiting for some VXX action

Uncategorized Aug 27, 2020

I hope you are still understanding the “path of least resistance” in the markets is up & VXX down! Nothing new here, but, difficult to locate new entry patterns for calls. It helps to own good stocks that lead the markets like ADBE, FB, AAL, MSFT, etc while we wait!

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Monthly retail divergence shows the way

Uncategorized Jul 29, 2020

In spite of the bad news on retailers, I see many with strong monthly chart divergences: BBBY, which I showed weeks ago in class & also LB, BGFV & many others. How can YOU find these before they begin their strong up moves? By doing exactly as I teach!

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Pressure on the indexes?

With all of the major components like AAPL, MSFT, AMZN down, it must be putting pressure on the indexes that they are a part of & how about Volatility(VXX)? Is is showing any clear upside patterns? What about the short indexes like SPXS & QID? Do we get “confirmation” from these?

 

VXX 30 minute MACD divergence 7-23-20

 

SPXS 30 minute MACD divergence 7-23-20

 

QID 30 minute MACD divergence 7-23-20

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VXX June 12 the wind of change was down as the market turned not so much

Uncategorized Jun 17, 2020

At 1:45pm eastern on June 12 the 5 minute chart on VXX made its way to the high it had reached 2 3/4 hours earlier, but we were concentrating on the MACD indicator. The MACD had a clear divergence indicating that the price action on VXX shouldn't be at $45 but more like $40 or lower based on the slope of the MACD peaks

 

As predicted the price dropped to below $40. this powerful move down is often reflected with a reverse MACD divergence up on the SPY. In this instance as the chart below clearly shows, there was not one in the offering. So we went back and looked at the VXX puts for big gains on the near term OTM options.

 

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It ain't rocket science, here's BA from yesterday on the 5 minute bars; this is the divergence we look for

Uncategorized Apr 16, 2020

So, I'm sure there are many option traders, who are now at home and working, maybe even have a full house of family members. My commitments used to disqualify me from doing intraday options trading, not any more, now I'm trading on intraday charts looking for MACD divergences and double tops and bottoms like the Options Hunter does. 

I'm no Dale Wheatley, I'm still learning and cautious with my trades but I can tell you for a fact that this strategy works for me, it really does.The daily chart of BA had a strong MACD up that really gave the confirmation of the 5 minute divergence Dale looks for.

He tweeted this yesterday. Those calls really took off. It was on 5 minute bars so we knew it wouldn't last forever. I'd have exited when the price pulled back around 10:45 but that's me being conservative. Could have stayed the course for the real MACD turn down later in the day.

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How we knew the VXX fear index would go up (and markets go down) and for how long

Uncategorized Mar 27, 2020

 

This is a daily chart with a clearly defined UPSIDE DIVERGENCE on VXX, the Fear Index. The time between the first price bottom to the second one, when the divergence occurred, was approximately one month, from late Jan through late Feb 2020.

 

 

That suggested the up move in VXX and down moves in the major markets and component stocks should last approximately 1 month before the MACD begins to stabilize. Around March 18-20, 2020.

 

The lower time frames on VXX started showing MACD rolling over and some Downside Divergences, the SPY, QQQ, IWM, XLE, SMH, XLF and most major component stocks then began showing  UPSIDE divergences

producing huge returns on OTM calls.

 

 

 

Want to learn how we do this? Join Dale Wheatley and our SharpShooter service for an entire month

include 4 live webinars and 16 nightly video updates at low low price

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Options are pricey in this volatile market? Not all of them

Uncategorized Mar 20, 2020
The Options Hunter Tweet summed up
todays action on Walmart
 
Check out these 1000% gainers in one day
on March 20 WMT options
 
Monday's hourly chart on WMT with 
strong upside divergence on MACD
indicating prices should be at $109 or higher
 
 
Wednesday's hourly chart on WMT with 
MACD divergence prices exceeded $109 by a tad 
 

Full day pass to the live hosted Options Expiration War Room Friday March 20, 2020

LEARN MORE

OR CALL Barbara on 1-800-332-2999

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The daily and hour chart of VXX were the catalyst to turn the markets down on FEBRUARY 19!!

Uncategorized Mar 07, 2020
The daily and hour chart of VXX were the catalyst to turn the markets down on FEBRUARY 19!! When markets were at stellar highs.
 
Daily Chart of VXX with MACD divergence up February 19, 2020
 
Hourly Chart of VXX with MACD divergence up February 19, 2020
 
Most of the indexes were at or near all-time high as well as most leading components such as AAPL, AMZN & MSFT.
 
THIS VOLATILITY INDEX IS A MEASURE OF FEAR, EVEN THOUGH MOST FOLKS THINK IT IS ONLY NEWS, CAUSING THE SELLOFF!
 
It is really just “fear” of the unknown! It PAYS to understand VOLATILITY if you plan on making any money trading in the market options!! Volatility on February 19, 2020 the MACD shows us the level should be much higher.
 
So what did MACD say about SPY on February 19, 2020?
 
Daily Chart of SPY with MACD divergence down February 19, 2020
 
Note how the price peak was actually higher than before on Feb 19, but MACD top was much lower,...
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2019 - MACD divergences - XOP

Uncategorized Dec 31, 2019

XOP weekly upside divergence on MACD setup with a triple bottom and MACD diverging up.

XOP 23 calls that expired December 27 2019 went from a low of $.05 on December 5, to around $1 on December 26, that 21 days and 2,000%!!

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