Trading Notes for May 11 - May 15
Here's what you need to know for next week:
-S & P chart still stuck in key fibonacci zones
-Nasdaq chart cleared key fib levels and poised for move up
-CSCO earnings this week; historically 4-5% average move last 5 years in May reporting period
-DUK releases earnings before market open on Tuesday; goes ex-dividend ($0.945) on Thursday; marrying a put to a long position may be an interesting way to play earnings, with the benefit of being eligible for a nice dividend two days later
About the author
Vince Vora is the head trader at TradingWins.com. Over the last three decades, he has been trading and refining his trading systems that are based on technical analysis and price action. Over the last few years, his focus has been on teaching people how to become better traders. His systems range from simple to sophisticated and can be used in any market conditions to trade stocks, options, futures and forex. By: TradingWins Team
