Stochastic Divergence and Walton Family Selling

29 Şub

A classic divergence on the daily stochastic mixed with insider selling ($4.5 billion) equals a possible local top. That it. That's the thesis. Keep it simple.

Using Jan 25 Puts @ $61.67 for $4.25 a contract. This is very cheap. A run of the mill 10% correction yields a 100% gain at expiration. Hopefully much more If the divergence plays out and this is a local top!

29 Şub

Not

Correction: 1.5 Billion sales

22 Mar

Not

Still in this. The divergence is still there to my surprise and the pa today looks promising.

3 Nis

Not

Sold out for +22%. Its looking a little oversold now and the stochastic has a bullish cross. Its not far from the 34 and 50 day MA as well. If price gets below the 34 and 50 I'll look to reenter

4 Nis

Not

I know it shows red so far above but I added on that mini double top

10 Nis

Not

need above 61.55 for a long position. looking bullish now after a period of sideways consolidation. Today could be a fake out so ill look to short below 58.6

18 Nis

Not

Looks like a short again. That 48 EMA needs to be taken out IMO before entering. worth a small position down to it if you must short

23 Nis

Not

I'm short again. Using weekly puts this time. Busted trade with an hourly close above the hourly period 48 ema

24 Nis

Not

busted. closed flat after doubling yesterday >:(