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Full Time Profits, September 18th, 2017 – CVX, HD

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Stocks continue higher after a solid breakout. We’re a touch overbought but nothing extreme. As long as SPX stays under that upper channel trendline (yellow line) then it’s not parabolic. Any corrections continue to be time-based and rotational.

Trade #1: CVX

Pullback to breakout setup. Looking for 112 and the rising 20 day moving average to come into play.

Trade Setup

Expected Price: 112

Sell to Open CVX Nov 105/100 Put Spread

Tier 1: Enter at 0.50, Close at 0.10

Tier 2: Enter at 0.90, Close at 0.30

Tier 3: Enter at 1.20, Close at 0.70

Trade #2: HD

Similar trade as CVX. Looking for a pull into the previous pivot level, and a move to the 20 day moving average.

Trade Setup

Expected Price: 155

Sell to Open HD Nov 145/140 Put Spread

Tier 1: Enter at 0.60, Close at 0.10

Tier 2: Enter at 0.90, Close at 0.40

Tier 3: Enter at 1.20, Close at 0.80

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