{"id":10852,"date":"2018-05-14T15:41:52","date_gmt":"2018-05-14T19:41:52","guid":{"rendered":"https:\/\/trades.iwopremium.com\/?p=10852"},"modified":"2018-05-14T15:41:52","modified_gmt":"2018-05-14T19:41:52","slug":"proactive-spreads-may-14th-2018-adbe-googl","status":"publish","type":"post","link":"https:\/\/trades.iwopremium.com\/proactive-spreads-may-14th-2018-adbe-googl\/","title":{"rendered":"Full Time Profits, May 14th, 2018 – ADBE, GOOGL"},"content":{"rendered":"

\"\"<\/p>\n

I’d like to point out something about technical “patterns.”<\/p>\n

Sometimes, many times, the failure of a pattern is just as important as when it works.<\/p>\n

The most recent example is the S&P 500 right around the 200 day moving average — that orange line.<\/p>\n

This is one of those things where it becomes self-fulfilling. Get enough eyeballs on a level, and it starts to gain more importance. it feeds on itself.<\/p>\n

The market has tested the 200 day twice over the past two months. And there were breakdowns…<\/p>\n

But the breakdowns failed.<\/p>\n

When we see breakdowns fail, what tends to happen is that the market will run to the other side of the range. I think that’s what we are seeing right now.<\/p>\n

The market is still knocking out a large, multi-month trading range with higher odds of reversion. Odds are we won’t have price action like we did in 2017, so it’s reasonable to expect some kind of a pullback here.<\/p>\n

Yet if that doesn’t happen… if the momentum just takes off…<\/p>\n

Then we just need to be patient. Wait for the better setups. Don’t get stupid aggressive on selling call spreads.<\/p>\n

Yet if we do manage to pull in, then we’ll get a few great setups on stocks we’ve been stalking for a week.<\/p>\n

Trade #1: ADBE<\/h2>\n

\"\"<\/p>\n

Looking for a pullback to breakout setup. We’ve already traded this one successfully back in April and I want another crack at it.<\/p>\n

Trade Setup<\/strong><\/p>\n

Expected Price: 230<\/p>\n

Sell to Open ADBE Jul 205\/200 Put Spread<\/strong><\/p>\n

Tier 1: Enter at 0.65, Exit at 0.15<\/p>\n

Tier 2: Enter at 0.95, Exit at 0.45<\/p>\n

Tier 3: Enter at 1.25, Exit at 0.75<\/p>\n

Trade #2: GOOGL<\/h2>\n

\"\"<\/p>\n

Looking to play the gap fill… IMPORTANT NOTE: if this level is not tested by May 18, then it is a “no trade.”<\/p>\n

Trade Setup<\/strong><\/p>\n

Expected Price: 1134.42<\/p>\n

Sell to Open GOOGL Jul 1230\/1240 Call Spread<\/strong><\/p>\n

Tier 1: Enter at 1.35, Exit at 0.35<\/p>\n

Tier 2: Enter at 1.95, Exit at 0.95<\/p>\n

Tier 3: Enter at 2.55, Exit at 1.55<\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

I’d like to point out something about technical “patterns.” Sometimes, many times, the failure of a pattern is just as important as when it works. The most recent example is the S&P 500 right around the 200 day moving average — that orange line. This is one of those things where it becomes self-fulfilling. Get […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":""},"categories":[24],"tags":[],"_links":{"self":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/10852"}],"collection":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/comments?post=10852"}],"version-history":[{"count":1,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/10852\/revisions"}],"predecessor-version":[{"id":10856,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/10852\/revisions\/10856"}],"wp:attachment":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/media?parent=10852"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/categories?post=10852"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/tags?post=10852"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}