McBillion Swing Trade Update August 2013

McBillion Swing Trade Update August 2013


McBillion Swing Trade Update August 30, 2013

Good economic news preceded the market open. The new jobless claims fell by 1K, a bit better than forecast, and the 2nd Estimate of Q2 GDP came in at 2.5%, which was even higher than most upward forecasts from the 1.7% Advance Estimate. The S&P 500 opened fractionally lower and hit its -0.25% intraday low in the first minute of trading. The index then rallied to its 0.70% intraday high two hours later. It then lost momentum by degrees and closed the day with a much reduced gain of 0.20%
 
Again today volume on the daily chart shows the classic lethargy of late summer. But only one market day separates us from the “back to business” month of September.
 
I closed DIA calls from a straddle that I opened a couple days ago didn’t work the way I want it to, but We got out even plus commissions.
 
Do not risk more than 5% of your trading account on any one trade but do try to take ALL of the trades.  Please remember, ALL "Exit Targets" and "Stop Targets" are targets.  You should not have any "Hard Stops" entered to close any trades. I will send out a "Profit Alert" or "New Trade" if I close a position OR if a new trade comes out. 
               
 
 
ProShares Ultra DJ-UBS Crude Oil (UCO, $38.32)
 
My Trade: September 40 calls ($1.23)
My Entry Price:  $2.30 (8/28/13)
Exit Target:  $4.20
Return:  -46%
Stop Target:  $38
 
Action:  I knew we could get a move down but price breakdown to Fibonacci support $38, Indicators still bullish and price needs to take $39 tomorrow and finished the week above this level before going to the long weekend, I’ll be watching $38 to close the trade or add more.
 
SPDR S&P 500 ETF Trust (SPY, $64.17)
 
My Trade: September 164 puts ($2.67)
My Entry Price:  $2.50 (8/28/13)
Exit Target:  $5.00
Return:  +7%
Stop Target:  none
 
Action:  $165 resistance $163.50 support… target $162, everything still bearish not questions to aks.
 
Intuit (INTU, $63.59)
 
My Trade: September 60 puts ($0.25)
My Entry Price:  $0.70 (8/20/13)
Exit Target:  $1.20
Return:  -64%
Stop Target:  none
 
Action:  Price hold below $64 Bears are in control but there is a huge battle for $62.74 Fib level. Indicators still bearish.
  
PowerShares QQQ Trust (QQQ, $75.96)
 
My Trade: September 78 Calls ($0.30)
 
My Entry Price:  $0.70 (8/14/13)
Exit Target:  $2.00
Return:  -57%
Stop Target:  $74.50
 
Action: I keep holding this position as long as $74.50 (50 SMA) holds. Price is moving slow above $75 with not much strength. Keep an eye on ADX right now at 14, between 11 to 10 price always pullback hard either way.
  
 
 
Cheers
 
McBillion

McBillion Swing Trade Update August 28, 2013

The market has traded in a tight range today with momentum to the upside as the bulls try to hold new current support levels.
 
The headlines have been favoring the bears in recent weeks and the two latest worries on when the U.S. will strike Syria and how high will oil zoom due to the ramifications.
 
While headlines play a major role in market direction, it is important to remember technical play an even bigger role.  We have been mentioning September (and October) could offer some incredible trading opportunities and we can't wait until next week starts.
 
Today the S&P 500 opened fractionally lower and hit its -0.18% intraday low in the first 15 minutes. The index then slowly rallied to its 1 PM intraday high of 1641.18, a gain of 0.66%. I mention the price point because the ~1640 level has been support-turned-resistance for the past two days.
 
Volume on the daily chart gives us a clue as to the key driver of the markets. It’s not the potential strike on Syria, and certainly not the (yawn) way distant threat of a debt-ceiling showdown. Nope, it’s the classic lethargy we often see during late “dog days” of summer … which, however, are nearing their end. Labor Day weekend is only two market days away.
 
I closed AAPL weekly calls sig a trailing stop since price action was very weak and weekly option are hand grenades, also close CAT since price breakdown symmetrical triangle wedge and is heading to $80 where I am planning to get long.
 
The S&P 500 is now up 14.64% for 2013 and 4.37% below the all-time closing high of August 2.
 
 
Do not risk more than 5% of your trading account on any one trade but do try to take ALL of the trades.  Please remember, ALL "Exit Targets" and "Stop Targets" are targets.  You should not have any "Hard Stops" entered to close any trades. I will send out a "Profit Alert" or "New Trade" if I close a position OR if a new trade comes out. 
               
 
 
ProShares Ultra DJ-UBS Crude Oil (UCO, $39.26)
 
My Trade: September 40 calls ($1.90)
My Entry Price:  $2.30 (8/28/13)
Exit Target:  $4.20
Return:  -17%
Stop Target:  none
 
Action:  Indicators are Bullish and We are playing a breakout, price failed at $40 an the near target is $43 - $45, directionals are wide so we may see some sideways actions before a rally to our targets.
 
SPDR S&P 500 ETF Trust (SPY, $63.40)
 
My Trade: September 164 puts ($2.89)
My Entry Price:  $2.50 (8/28/13)
Exit Target:  $5.00
Return:  +15%
Stop Target:  none
 
Action:  Price is getting near to major support $162 and We need to watch price action very close, indicators are bearish and I will like to close this position tomorrow or Friday.
 
Intuit (INTU, $63.40)
 
My Trade: September 60 puts ($0.30)
My Entry Price:  $0.70 (8/20/13)
Exit Target:  $1.20
Return:  -57%
Stop Target:  none
 
Action:  Price breakdown $64 and is heading to major support $62.74 We still have time for this options to play out. Keep holding.
  
PowerShares QQQ Trust (QQQ, $75.43)
 
My Trade: September 78 Calls ($0.21)
 
My Entry Price:  $0.70 (8/14/13)
Exit Target:  $2.00
Return:  -70%
Stop Target:  $74.50
 
Action: I keep holding this position as long as $74.50 (50 SMA) holds. Price is moving slow above $75 with not much strength.
  
SPDR Dow Jones Industrial Average ETF (DIA, $148.04)
 
My Trade:
 
Straddle.
 
September 149 Calls ($1.42)
September 149 Puts ($2.70) Closed at $2.70 (42% Profits 8/27/13)
 
My Entry Price:  $2.50(Calls) $1.90 (Puts) (8/26/13)
 
Return:  -6%
Stop Target:  None
 
Action: Our Call from the straddle still underwater, however the sell from the puts is keeping our trade almost even.  Price take out whole number $148 however today but I was expecting a bigger pullback, shares are oversold and as soon as the market pullback this one will rally fast.
 
 
Cheers
 
McBillion

McBillion Swing Trade Update August 27, 2013

The selloff yesterday afternoon triggered by news of a US military response to Syria’s use of chemical weapons spilled over into today’s trading.
 
The S&P 500 opened in the red at its intraday high and disregarded this morning’s economic news (a 12.1% YoY rise in the Case-Shiller index, an uptick in Consumer Confidence and a strong Richmond Fed Manufacturing report). After a brief bounce, the index sold off steadily throughout the day to its -1.59% close, just fractionally off its -1.64% intraday low a few minutes before the final bell.
 
I am watching SPY $163.50 and $162.22 for a bounce tomorrow, indicators are bearish but with limited downside.
 
The one good thing about pullback and corrections is that good stocks become cheaper and we can take advantage of shorting bad ones that are overpriced.  We can use put options to play a continued downtrend so don’t fear playing the market when there is a slide because you can make just as much money shorting stocks and buying put options as you can when the market is going up.
 
Do not risk more than 5% of your trading account on any one trade but do try to take ALL of the trades.  Please remember, ALL "Exit Targets" and "Stop Targets" are targets.  You should not have any "Hard Stops" entered to close any trades. I will send out a "Profit Alert" or "New Trade" if I close a position OR if a new trade comes out. 
               
 
Intuit (INTU, $63.71)
 
My Trade: September 60 puts ($0.28)
My Entry Price:  $0.70 (8/20/13)
Exit Target:  $1.20
Return:  -60%
Stop Target:  none
 
Action:  Price breakdown $64 and is heading to major support $62.74 We still have time for this options to play out.
  
PowerShares QQQ Trust (QQQ, $75.14)
 
My Trade: September 78 Calls ($0.19)
 
My Entry Price:  $0.70 (8/14/13)
Exit Target:  $2.00
Return:  -72%
Stop Target:  $74.50
 
Action: I keep holding this position as long as $74.50 (50 SMA) holds.
  
SPDR Dow Jones Industrial Average ETF (DIA, $147.49)
 
My Trade:
 
Straddle.
 
September 149 Calls ($1.30)
September 149 Puts ($2.70) Closed at $2.70 (42% Profits 8/27/13)
 
My Entry Price:  $2.50(Calls) $1.90 (Puts) (8/26/13)
 
Return:  -10%
Stop Target:  None
 
Action: I have closed the puts from straddle this morning but price didn’t get to stay above support $148.50 and finished below out Fibonacci support $149.14, next Fibonacci support is at $146.50, however there is a wide divergence on directional and price is extremely oversold.
 
Caterpillar Inc (CAT, $82.70)
 
My Trade: September $82.50 Calls ($1.84)
 
My Entry Price:  $2.78 (8/26/13)
Exit Target:  $1.20
Return:  -33%
Stop Target:  None
 
Action: Price still inside symmetrical triangle wedge, price is oversold at this level, we looking for share to finished above $84 this week. Keep holding.
 
 
Apple (AAPL, $502.97)
 
My Trade: AAPL 6Sep13(W) 530 Calls ($0.70) Closed 60% loss
 
Got AAPL 6Sep13(W) 510.00 Call ($2.28)
 
 
My Entry Price: $2.50 (8/27/13)
Exit Target:  $5.00
Return:  -9%
Stop Target:  None
 
Action: Indicators still bullish/neutral I am playing a relief rally after this major sell off, there is support at $485 and after that level support at $467. There are many news that can move the stock back above $500 anytime soon.
 
 
Cheers
 
McBillion

McBillion Swing Trade Update August 26, 2013

The S&P 500 stumble at the open, an hour after the July Durable Goods report came in even lower than the already low forecasts. But after some brief reflection, the market took its usual spin: Bad economic news is good news for continued Fed stimulus. The index hits its 0.36% intraday high at 11:30 and then drifted a bit lower until the breaking news of a different sort in the final hour of trading. Secretary of State John Kerry said that President Obama is considering the US response to the Syrian chemical attacks. The news triggered a sudden burst of selling. The index hit its -0.45% intraday low a few minutes later, but trimmed the loss fractionally by the close to -0.40%.
 
The shift into a negative mindset was exacerbated by word of a Dow Jones report that the U.S. Treasury will reach its debt limit in mid-October, sooner than expected, which no doubt triggering memories of the market correction during the 2011 congressional budget fisticuffs.
 
Lets see how the market opens tomorrow and keep your eyes opens for new positions or to close currently positions if price trigger out stops.
 
 
Do not risk more than 5% of your trading account on any one trade but do try to take ALL of the trades.  Please remember, ALL "Exit Targets" and "Stop Targets" are targets.  You should not have any "Hard Stops" entered to close any trades. I will send out a "Profit Alert" or "New Trade" if I close a position OR if a new trade comes out. 
 
 
Intuit (INTU, $64.32)
 
My Trade: September 60 puts ($0.23)
My Entry Price:  $0.70 (8/20/13)
Exit Target:  $1.20
Return:  -67%
Stop Target:  none
 
Action:  Price is holding a couple cents above resistance now support $64.12 there is risk at $65 however robust indicators have the bear as the lead so keep holding.
  
PowerShares QQQ Trust (QQQ, $76.71)
 
My Trade: September 78 Calls ($0.48)
 
My Entry Price:  $0.70 (8/14/13)
Exit Target:  $2.00
Return:  -31%
Stop Target:  $75
 
Action: Price finished above DEMA 21 besides the last hour sells off which is very bullish, however we need to see how the market opens tomorrow morning, $75 is major support and our stop.
  
SPDR Dow Jones Industrial Average ETF (DIA, $149.20)
 
My Trade:
 
September 149 Calls ($2.05)
September 149 Puts ($2.00)
 
My Entry Price:  $2.50(Calls) $1.90 (Puts) (8/26/13)
 
Return:  -8%
Stop Target:  None
 
Action: I got calls on DIA this morning based on price action, bulls take over Fibonacci resistance now support $149.14 and finished above this level, there is risk if price breakdown again since all my robust indicators are bearish and that’s why We got puts at the end, so basically we have a straddle that protect us from some weird sell off tomorrow.
 
Caterpillar Inc (CAT, $83.56)
 
My Trade: September $82.50 Calls ($2.24)
 
My Entry Price:  $2.78 (8/26/13)
Exit Target:  $1.20
Return:  -24%
Stop Target:  None
 
Action: See video above.
 
 
Apple (AAPL, $502.97)
 
My Trade: AAPL 6Sep13(W) 530.00 Calls ($1.33)
 
My Entry Price: $1.83 (Three entries: $2.30, $1.89, $1.30 8/26/13)
Exit Target:  $5.00
Return:  +27%
Stop Target:  None
 
Action: See Video update above.
 
 
Cheers
 
McBillion



McBillion Swing Trade Update August 22, 2013

The S&P 500 rose to its mid-morning high around 10:45 and then traded sideways until into the final hour. A rally in the final 35 minutes took it to its 1.02% intraday high, fractionally above the 50-day moving average. But some late selling trimmed the gain to a 0.86% close, about two points below the 50-MA.
 
Today’s advance came on volume that was 20% below its 50-day moving average, but with the freakish shutdown of the NASDAQ, the overall market volume is definitely not representative of normal trading.
 
We have a few positions on out portfolio, I was very tempt to open other positions but decided to stay on cash and wait for the market to confirm this weak move today.
 
 
Do not risk more than 5% of your trading account on any one trade but do try to take ALL of the trades.  Please remember, ALL "Exit Targets" and "Stop Targets" are targets.  You should not have any "Hard Stops" entered to close any trades. I will send out a "Profit Alert" or "New Trade" if I close a position OR if a new trade comes out. 
 
 
Intuit (INTU, $63.61)
 
My Trade: September 60 puts ($0.35)
My Entry Price:  $0.70 (8/20/13)
Exit Target:  $1.20
Return:  -35%
Stop Target:  $64.10
 
Action:  I still believe a test to $60 is coming. There is strong resistance at $64 and Fib support at $62.74. KEEP HOLDING
 
Jos. A. Bank Clothiers (JOSB, $40.95)
 
My Trade: October 35 Puts ($0.55)
 
My Entry Price:  $0.40 (8/15/13)
Exit Target:  $1.20
Return:  +37%
Stop Target:  None
 
Action: Price finished below support $41 which is a good sign price is heading to 30s , indicators still bearish. These are October options so we have plenty of time for the trade to play out.
 
  
PowerShares QQQ Trust (QQQ, $76.16)
 
My Trade: September 78 Calls ($0.41)
 
My Entry Price:  $0.70 (8/14/13)
Exit Target:  $2.00
Return:  -41%
Stop Target:  none
 
Action: Price finished above $76 which is good for us, if price can breakout DEMA 21 $76.38 we may see a fast move to $77
  
 
 
Cheers
 
McBillion

McBillion Swing Trade Update August 21, 2013

The U.S. indexes opened fractionally lower on a day when the market was waiting with bated breath for the 2 PM FOMC minutes. And to no one’s surprise the release of the minutes triggered a sharp spike in volatility from the -0.78% intraday low at 2:07 PM to the 0.28% intraday high 41 minutes later. Then, not surprisingly, the index again reversed direction and sold off to its -0.58% close.
 
So I was right about the 3 classic point moves after Fed minutes.
 
Now the big question is where is this market heading? I closed 3 bearish positions that had little room or technically were on Bull territory, I got the move I was expecting but it was slow so profits weren’t so great…Well not for some of you but for me 60%, 40% and 30% profits are Awesome profits.
 
Now my portfolio is light and ready for the next move so lets see if the charts can show us where this market is heading.
 
 
 
Do not risk more than 5% of your trading account on any one trade but do try to take ALL of the trades.  Please remember, ALL "Exit Targets" and "Stop Targets" are targets.  You should not have any "Hard Stops" entered to close any trades. I will send out a "Profit Alert" or "New Trade" if I close a position OR if a new trade comes out. 
 
 
Intuit (INTU, $63.02)
 
My Trade: September 60 puts ($0.35)
My Entry Price:  $0.70 (8/20/13)
Exit Target:  $1.20
Return:  -35%
Stop Target:  None
 
Action:  I still believe a test to $60 is coming. There is strong resistance at $64 and Fib support at $62.74. There was a crossover on DMI directional that needs to be confirmed tomorrow.
 
Jos. A. Bank Clothiers (JOSB, $41.30)
 
My Trade: October 35 Puts ($0.50)
 
My Entry Price:  $0.40 (8/15/13)
Exit Target:  $1.20
Return:  +25%
Stop Target:  None
 
Action: We got a crossover on DMI directional and MACD meaning the bears is in total control, there is some support at $41, ones we finished a day below this level, price can continue to $39 Fib support.
 
 
E TRADE Financial Corporation (ETFC, $14.43)
 
My Trade: September 17 Puts ($2.59)
 
My Entry Price:  $2.46 (8/8/13)
Exit Target:  $4.00
Return:  +5%
Stop Target:  none
 
Action:  Price keeps moving sideways eating premium however indicators are showing strong bias to the down side.
 
PowerShares QQQ Trust (QQQ, $75.42)
 
My Trade: September 78 Calls ($0.29)
 
My Entry Price:  $0.70 (8/14/13)
Exit Target:  $2.00
Return:  -67%
Stop Target:  none
 
Action: Strong Support at Fibonacci level $75.43 and we still like the trade as long as $74 and the 50-day MA hold.  A close back above $77 would be bullish for a possible push to $79-$80 and where we would double our money. 
  
 
 
Cheers
 
McBillion
 


McBillion Swing Trade Update August 20, 2013

World markets were in selloff mode before the US market opened. The Nikkei plunged 2.63%, the Hang Seng 2.20% and the EURO STOXX 50 was down approximately 1.25%. 
 
The S&P 500 opened fractionally higher and rose to a narrow 3-point trading range that lasted from late morning until the final 30 minutes of the day. The 0.78% intraday high at 1 PM was essentially reduced by half at the close bell, a gain for the day of 0.38%.
 
With the Fed minutes on deck for tomorrow, I expect volatility to get even more extreme so our focus is on the VIX and the 10-year T-note, along with key support and resistance levels on the S&P.

 
 
 
Do not risk more than 5% of your trading account on any one trade but do try to take ALL of the trades.  Please remember, ALL "Exit Targets" and "Stop Targets" are targets.  You should not have any "Hard Stops" entered to close any trades. I will send out a "Profit Alert" or "New Trade" if I close a position OR if a new trade comes out. 
 
 
 
Jos. A. Bank Clothiers (JOSB, $41.44)
 
My Trade: October 35 Puts ($0.53)
 
My Entry Price:  $0.40 (8/15/13)
Exit Target:  $1.20
Return:  +32%
Stop Target:  None
 
Action: Price still bearish, Heikin Ashi candlesticks and DEMA are showing momentum for the bear, We will keep this trade opens as long as $42.85 holds
 
 
 
Illinois Tool Works (ITW, $72.35)
 
My Trade: September 75 Puts ($3.03)
 
Entry Price:  $2.45 (8/8/13)
Exit Target:  $5.00
Return:  +23%
Stop Target:  $74.45
 
Action: MACD Bearish divergence is playing out perfectly, price is approaching Fibonacci support $71.69 and 50SMA $71.38, We got a DMI crossover with the minus directional on top however ADX is dropping below 15 meaning We could see some sideways action before a breakdown or breakout. Keep holding.
 
E TRADE Financial Corporation (ETFC, $14.59)
 
My Trade: September 17 Puts ($2.45)
 
My Entry Price:  $2.46 (8/8/13)
Exit Target:  $4.00
Return:  +0%
Stop Target:  none
 
Action:  A break below $14,27 should get the wheels in motion for a test down to $13. Price is forming a descending triangle wedge pattern; We keep waiting to see if this one plays out like we want,
 
PowerShares QQQ Trust (QQQ, $75.68)
 
My Trade: September 78 Calls ($0.29)
 
My Entry Price:  $0.70 (8/14/13)
Exit Target:  $2.00
Return:  -59%
Stop Target:  none
 
Action: Strong Support at Fibonacci level $75.43 and we still like the trade as long as $74 and the 50-day MA hold.  A close back above $77 would be bullish for a possible push to $79-$80 and where we would double our money. 
  
 
DaVita HealthCare Partners Inc (DVA, $111.95)
 
My Trade: September 115 Puts ($4.25)
 
My Entry Price:  $4.00(8/14/13)
Exit Target:  $6.00
Return:  +7%
Stop Target:  none
 
Action: Price hold pretty well below Fibonacci resistance $112.94, and price keeps making lower highs, target $108.
 
Caterpillar Inc. (CAT, $84.20)
 
My Trade: September 87.50 Puts  ($4.20)
 
My Entry Price:  $2.80 (8/14/13)
Exit Target:  $4.00
Return:  +50%
Stop Target:  none
 
Action: Price retested $84 breakdown but didn’t hold above that level, near target is $80
 
Cheers
 
McBillion
 


McBillion Swing Trade Update August 19, 2013

The angry bulls tried to recover from last week's losses but have struggled gaining ground ad the bears are getting stronger below 50SMA
 
 
The zombies are in Jackson Hole this week, without Ben Bernanke, to talk about the Fed's monetary policies.  There could be some news from the event that could fuel further selling pressure, or perhaps, some good news that could help the bulls rebound and that’s why I decided to close our trade on IWM to relief some pressure in our short portfolio and have some cash ready since we too 98% profits.
 
Due to the uncertainty of the Fed's minutes, and the possibility of market moving news midweek, I wouldn't be surprised to see a tight trading range for the next few days.  However, if the next wave of support cracks, nothing will be able to save the bulls until the 100-day MA's (moving averages) come into play.
 
 
The indexes are just 3% away from their all-time highs so while the talking heads continue to call for a correction or a continued selloff, keep in mind the indexes are still in a trading range and it remains to be seen if another 3%-5% of downside action is in store or if current levels hold.
 
 
 
Do not risk more than 5% of your trading account on any one trade but do try to take ALL of the trades.  Please remember, ALL "Exit Targets" and "Stop Targets" are targets.  You should not have any "Hard Stops" entered to close any trades. I will send out a "Profit Alert" or "New Trade" if I close a position OR if a new trade comes out. 
 
 
 
Jos. A. Bank Clothiers (JOSB, $41.00)
 
My Trade: October 35 Puts ($0.60)
 
My Entry Price:  $0.40 (8/15/13)
Exit Target:  $1.20
Return:  +50%
Stop Target:  None
 
Action: I have a near-term target of $39.00 for the stock.  Longer-term, shares could fall to the low $30’s.  The company warned earnings would come in drastically lower when the report and they tried to take the sting out by warning.  I would like to see Fibonacci resistance $42.84 to hold and we will stick with the trade as long as shares stay below $45. 85 These are October options so we have plenty of time for the trade to play out.
 
 
 
Illinois Tool Works (ITW, $72.16)
 
My Trade: September 75 Puts ($3.20)
 
Entry Price:  $2.45 (8/8/13)
Exit Target:  $5.00
Return:  +30%
Stop Target:  $74.45
 
Action: MACD Bearish divergence is playing out perfectly, price is approaching Fibonacci support $71.69 and 50SMA $71.38, We got a DMI crossover with the minus directional on top however ADX is dropping below 15 meaning We could see some sideways action before a breakdown or breakout happens, I am going to be watching that support level  $71.38 to close half of the trade, add more or close the entire position. 
 
E TRADE Financial Corporation (ETFC, $14.37)
 
My Trade: September 17 Puts ($2.64)
 
My Entry Price:  $2.46 (8/8/13)
Exit Target:  $4.00
Return:  +8%
Stop Target:  none
 
Action:  A break below $14,27 should get the wheels in motion for a test down to $13. Price is forming a descending triangle wedge pattern with bias to the downside; We keep waiting to see if this one plays out like we want and we have trend and momentum indicators in our side
 
PowerShares QQQ Trust (QQQ, $75.48)
 
My Trade: September 78 Calls ($0.27)
 
My Entry Price:  $0.70 (8/14/13)
Exit Target:  $2.00
Return:  -50%
Stop Target:  none
 
Action: Strong Support at Fibonacci level $75.43 and we still like the trade as long as $74 and the 50-day MA hold.  A close back above $77 would be bullish for a possible push to $79-$80 and where we would double our money. 
  
 
DaVita HealthCare Partners Inc (DVA, $111.15)
 
My Trade: September 115 Puts ($4.85)
 
My Entry Price:  $4.00(8/14/13)
Exit Target:  $6.00
Return:  +21%
Stop Target:  none
 
Action: Price breakdown and confirmed the breakdown of Fibonacci support $112.94, next support $108, keep holding.
 
Caterpillar Inc. (CAT, $84.20)
 
My Trade: September 87.50 Puts  ($4.00)
 
My Entry Price:  $2.80 (8/14/13)
Exit Target:  $4.00
Return:  +43%
Stop Target:  none
 
Action: I have said that “if price breakdown $85 support it will like an elevator full of elephants” Now price is below DEMA 21 meaning the bear is in total control and is strong ready to take major Fibonacci support $80.
 
Cheers
 
McBillion


McBillion Swing Trade Update August 16, 2013

The S&P 500 opened fractionally lower and promptly fell to its morning low. It bounced back into the green and hovered near its opening price until the lunch hour when the bears took over, when it started a selloff to its -0.52% mid-afternoon intraday low. It was a boring day with sideways action.
 
Finally the index closed with a trimmed loss of 0.33% for the day and 2.10% for the week. This was the third day down and eighth of the last ten sessions.
 
Despite being an options Friday, volume was a tad lighter than yesterday. Today’s close was in the vacinity of the 50-day price moving average.
 
 
 
Do not risk more than 5% of your trading account on any one trade but do try to take ALL of the trades.  Please remember, ALL "Exit Targets" and "Stop Targets" are targets.  You should not have any "Hard Stops" entered to close any trades. I will send out a "Profit Alert" or "New Trade" if I close a position OR if a new trade comes out. 
 
 
 
Jos. A. Bank Clothiers (JOSB, $41.00)
 
My Trade: October 35 Puts ($0.58)
 
My Entry Price:  $0.40 (8/15/13)
Exit Target:  $1.20
Return:  +45%
Stop Target:  None
 
Action: I had no clue, just homework, the company was going to warn Wall Street after the close on Thursday they would not meet estimates.  I did say Jos. A. would miss earnings just a couple minues before they confirmed.  Maybe they read our McBillion update and wanted to pre-warn to lessen the impact. Price finished tested $40 major support and finished the day below 50SMA. Indicators are still bullish but price is always king and there is a clear Bear in control.
 
 
Illinois Tool Works (ITW, $72.43)
 
My Trade: September 75 Puts ($2.98)
 
Entry Price:  $2.45 (8/8/13)
Exit Target:  $5.00
Return:  +21%
Stop Target:  $74.45
 
Action: Price finished below our target $72.50 after price retested the uptrend channel breakdown, support at $71.69 and 50SMA $71.35.
 
iShares Russell 2000 Index (IWM, $101.68)
 
My Trade: September 100 Puts ($1.63)
 
Entry Price:  $1.05 (8/8/13)
Exit Target:  $2.00
Return:  +63%
Stop Target:  none
 
Action:  The bear is in total control now; there is resistance at 50SMA ($101.16) a breakdown here will send price to $95
 
 
E TRADE Financial Corporation (ETFC, $14.56)
 
My Trade: September 17 Puts ($2.45)
 
My Entry Price:  $2.46 (8/8/13)
Exit Target:  $4.00
Return:  0%
Stop Target:  none
 
Action:  A break below $14,27 should get the wheels in motion for a test down to $13. Keep Holding with discipline.
 
PowerShares QQQ Trust (QQQ, $75.48)
 
My Trade: September 78 Calls ($0.25)
 
My Entry Price:  $0.70 (8/14/13)
Exit Target:  $2.00
Return:  -54%
Stop Target:  none
 
Action: I believe the QQQ’s could trip to Fibonacci resistance $80 over the next 3 weeks.  I am going to be watching price action at Fibonacci support $75 which is our stop.
  
 
DaVita HealthCare Partners Inc (DVA, $112.10)
 
My Trade: September 115 Puts ($3.70)
 
My Entry Price:  $4.40(8/14/13)
Exit Target:  $4.00
Return:  +10%
Stop Target:  none
 
Action: Price finished the week below $112.94 and now the door is open for next Fib support $108
 
Caterpillar Inc. (CAT, $85.16)
 
My Trade: September 87.50 Puts  ($3.45)
 
My Entry Price:  $2.80 (8/14/13)
Exit Target:  $4.00
Return:  +23%
Stop Target:  none
 
Action: The bear fight back the bull from Thursday price action and for the bear to get strong we need price below$85.
 
Cheers
 
McBillion

McBillion Swing Trade Update August 13, 2013
 
The 8:30 Retail Sales had come in a tad light, but Core Retail Sales had a more impressive 0.5% MoM gain. The S&P 500 opened higher but quickly reversed directions and hit its -0.41% intraday low 45 minutes later. The index then reversed directions and rose steadily to its intraday high, up 0.43%, in the early afternoon. Atlanta Fed President Lockhart’s characteristically dovish comments on the QE taper process.
 
The slick talking pros are once again saying today is the start of a correction, the market looks tired, take profits here, the market is due for a pullback...but the truth is that we are on a tight trading range and support levels are holding..
 
The good news is that the longer a trading range continues, the bigger the breakout or breakdown will be.
 
The even better news is that our portfolio will be light as we only trading half position and we will have plenty or room to attack the next trend.
 
I have opened a New Trades today because I do feel there could be a push to resistance by Friday.



 
Do not risk more than 5% of your trading account on any one trade but do try to take ALL of the trades.  Please remember, ALL "Exit Targets" and
"Stop Targets" are targets.  You should not have any "Hard Stops" entered to close any trades or "Exit Orders" I will send out a "Profit Alert" or "Trade Update" if I am close a position OR if a new trade comes out.
 
 
Microsoft (MSFT, $32.23)
 
My Trade: September 33 calls ($0.70)
 
My Entry Price:  $0.76 (8/13/13)
Exit Target:  $1.40
Return:  -13%
Stop Target:  None
 
Action:  I like today’s pullback as the options have become cheaper.  I feel Cisco Systems could be the tide that lifts all Tech boats after they announce earnings on Wednesday. Price is below $32.48 Fibonacci support now resistance, second support is $31.30, indicators are neutral/bullish with bias to the upside.
 
Illinois Tool Works (ITW, $73.97)
 
My Trade: September 75 Puts ($0.70)
 
Entry Price:  $2.45 (8/8/13)
Exit Target:  $5.00
Return:  -16%
Stop Target:  $74.45
 
Action:  Shares traded to a high of $74.25 today and price is inside a rectangle pattern with resistance at $74.32 and support at $72.80 We are looking for shares to drop below Fib support $69.38 by next week.
 
iShares Russell 2000 Index (IWM, $104.45)
 
My Trade: September 100 Puts ($0.93)
 
Entry Price:  $1.05 (8/8/13)
Exit Target:  $2.00
Return:  -11%
Stop Target:  none
 
Action:  Price keeps showing weakness at the top, bias are to the downside since price is below DEMA 21, support at $103 and $101
 
 
E TRADE Financial Corporation (ETFC, $14.61)
 
My Trade: September 17 Puts ($2.42)
 
Entry Price:  $2.46 (8/8/13)
Exit Target:  $4.00
Return:  -1%
Stop Target:  none
 
Action:  A break below $14,27 should get the wheels in motion for a
test down to $13.


McBillion Swing Trade Update August 14, 2013
 
 
The 8:30 Producer Price Index showed no change at the headline number and a mere 0.1% rise in Core PPI. The bears once again pushed support after the bulls failed to gain footing at the open.  Some of the indexes have tripped green but finished on a red sea. Hopes for a rally in the final hour quickly evaporated, and the index closed the day with a 0.52% loss, its sixth decline in eight sessions.
 
As you can see below, We have good positions to play market’s sideways action and as soon we get a breakout or breakdown we can close positions and keep runners for profits.
 
 
 
Microsoft (MSFT, $32.35)
 
My Trade: September 33 calls ($0.74)
 
My Entry Price:  $0.76 (8/13/13)
Exit Target:  $1.40
Return:  -2%
Stop Target:  None
 
Action: I was expecting a good report from CSCO however Cisco Systems, Inc. posted fiscal fourth-quarter profit and sales, which were in line with analysts’ expectations an is now trading premarket -9%, I’ll be watching $32 $31.30 tomorrow to get out or to place a stop loss.
 
Illinois Tool Works (ITW, $73.57)
 
My Trade: September 75 Puts ($2.25)
 
Entry Price:  $2.45 (8/8/13)
Exit Target:  $5.00
Return:  -8%
Stop Target:  $74.45
 
Action:  I am looking for shares to drop below Fib support $69.38 by next week.
 
iShares Russell 2000 Index (IWM, $104.04)
 
My Trade: September 100 Puts ($1.00)
 
Entry Price:  $1.05 (8/8/13)
Exit Target:  $2.00
Return:  -4%
Stop Target:  none
 
Action:  Bears are taking control but we may take some profits if price breakdown fast to trade the sideways action. A breakdown at $103 will be a free fall to $100 -$99
 
 
E TRADE Financial Corporation (ETFC, $14.74)
 
My Trade: September 17 Puts ($2.31)
 
My Entry Price:  $2.46 (8/8/13)
Exit Target:  $4.00
Return:  -6%
Stop Target:  none
 
Action:  A break below $14,27 should get the wheels in motion for a
test down to $13. Keep Holding
 
PowerShares QQQ Trust (QQQ, $76.81)
 
My Trade: September 78 Calls ($0.60)
 
My Entry Price:  $0.70 (8/14/13)
Exit Target:  $2.00
Return:  -14%
Stop Target:  none
 
Action: I believe the QQQ’s could trip to Fibonacci resistance $80 over the next 3 weeks.  We like these call options to play the move.
 
Facebook (FB, $36.65)
 
My Trade: October 37 Calls ($1.93)
 
My Entry Price:  $2.20 (8/14/13)
Exit Target:  $4.00
Return:  -13%
Stop Target:  none
 
Action: I was waiting for price to come near out target from Premium charts and we got today, still risk at $35 where we can add to the position another 20to 30%.
 
 
Las Vegas Sands Corp (LVS, $56.68)
 
My Trade: September 55 Calls ($2.73)
 
My Entry Price:  $2.73 (8/14/13)
Exit Target:  $4.00
Return:  0%
Stop Target:  none
 
Action: Price breakout at Fib $55 and is trending inside an uptrend channel with $60 target, there is risk if price breakdown the channel and retest $55.
 
Caterpillar Inc. (CAT, $85.82)
 
My Trade: September 87.50 Puts  ($3.15)
 
My Entry Price:  $2.80 (8/14/13)
Exit Target:  $4.00
Return:  +12%
Stop Target:  none
 
Action: There is support at $84, We got this one early on the wide DMI divergence and the failed at downtrend channel. I will love to see finished the week below $84

McBillion Swing Trade Update August 16, 2013

Wednesday’s close suggested more weakness for today and futures confirmed our thoughts when we woke up this morning. I didn’t see the “buy the deeps” action like other many times and the SPDR S&P 500 breakdown two important levels of support like I was predicting two days ago when many perma bulls or dogs around twitter and Facebook were calling for a higher highs when there was clear signals on charts for this breakdown, however We still inside an uptrend channel and the bulsl can recover any moment so that’s why we also got the QQQs and Facebook calls to be prepare in case there is pullback.
 
Do not risk more than 5% of your trading account on any one trade but do try to take ALL of the trades.  Please remember, ALL "Exit Targets" and "Stop Targets" are targets.  You should not have any "Hard Stops" entered to close any trades. I will send out a "Profit Alert" or "New Trade" if I close a position OR if a new trade comes out. 
 
 
 
Jos. A. Bank Clothiers (JOSB, $44.10)
 
My Trade: October 35 Puts ($0.40)
 
My Entry Price:  $0.40 (8/15/13)
Exit Target:  $1.20
Return:  0%
Stop Target:  None
 
Action: Shares spiked $5 on Tuesday from $40 to $45 after a hedge fund (BeaconLight Capital LLC, a 1.1% shareholder) says shares could be worth $70 if they did this or that.  I believe it was an overreaction to an overpriced stock as we feel as trip back below $40 is on the horizon.  Earnings are due out on August 26 and we believe they will miss expectations and lower guidance.  Open interest is over 2,000 contracts so the liquidity is there when it comes time for earnings. Technically price failed at Fibonacci resistance $45.85 and there is a wide divergence on directional and a “V” shape reversal signal.
 
Illinois Tool Works (ITW, $72.60)
 
My Trade: September 75 Puts ($2.93)
 
Entry Price:  $2.45 (8/8/13)
Exit Target:  $5.00
Return:  +20%
Stop Target:  $74.45
 
Action: We can see that the bearish divergence on MACD histogram just started to work on price and finally breakdown uptrend channel, now there is support at $71.69 where I initially wanted it to jump in but because market condition and DEMAs crossover decided to play this trade early I will like t see price t finish the week below $72.50.
 
iShares Russell 2000 Index (IWM, $102.11)
 
My Trade: September 100 Puts ($1.61)
 
Entry Price:  $1.05 (8/8/13)
Exit Target:  $2.00
Return:  +61%
Stop Target:  none
 
Action:  Price Breakdown $103 support and there was a crossover on DMI meaning the bear is in control now, there is resistance at 50SMA ($101.07)
 
 
E TRADE Financial Corporation (ETFC, $14.55)
 
My Trade: September 17 Puts ($2.51)
 
My Entry Price:  $2.46 (8/8/13)
Exit Target:  $4.00
Return:  +2%
Stop Target:  none
 
Action:  A break below $14,27 should get the wheels in motion for a
test down to $13. Keep Holding
 
PowerShares QQQ Trust (QQQ, $75.51)
 
My Trade: September 78 Calls ($0.32)
 
My Entry Price:  $0.70 (8/14/13)
Exit Target:  $2.00
Return:  -54%
Stop Target:  none
 
Action: I believe the QQQ’s could trip to Fibonacci resistance $80 over the next 3 weeks.  I am going to be watch price action at Fibonacci support $75.40
 
Facebook (FB, $36.56)
 
My Trade: October 37 Calls ($1.94)
 
My Entry Price:  $2.20 (8/14/13)
Exit Target:  $4.00
Return:  -13%
Stop Target:  none
 
Action: Facebook bulls finished the day flat and the last two small daily candles are showing a reversal is cooking, keep holding
 
 
DaVita HealthCare Partners Inc (DVA, $113.30)
 
My Trade: September 115 Puts ($3.70)
 
My Entry Price:  $4.00(8/14/13)
Exit Target:  $4.00
Return:  -7%
Stop Target:  none
 
Action: I have rolled over an August 115 Puts that were 80% down but recovered today to September 115 Puts, Price breakdown $112.94 fib support and bears are getting stronger, I am expecting shares to drop to $108 by next week.
 
Caterpillar Inc. (CAT, $85.86)
 
My Trade: September 87.50 Puts  ($3.10)
 
My Entry Price:  $2.80 (8/14/13)
Exit Target:  $4.00
Return:  +10%
Stop Target:  none
 
Action: Shares traded to a low of $84.88 today and closed above $85.
We are looking for shares to fall below $84 by next week which will get
these options to $4.00
 
Cheers
 
McBillion
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