Wrighttrade--Trading the gap using options. Precise trading with entries and targets. Updated daily.

Kevin Wright Rank: 78 Followers: 8 Votes: 1 Years Member: 0 Last Update: 22 June 2017, 2:33 Categories: Day Trading
Swing Trading

Welcome to Wrighttrade, Learn to trade and profit from gaps using options
6/22/17, Early am, check notes on $SPX, AMD, and NUGT
6/12/17, Early am. Check note on S&P chart below and NUGT
6/7/17, Early am. Bought NUGT, NVDA looking weak. Check out note on LULU,
6/5/17, S&P target of 2440 hit yesterday, WMT hit $80 target. NUGT chart added for Peter
6/2/17 Early am. S&P hit target of 2430. Check out notes on charts. Wrighttrade
6/1/17, Early am, Check note on S&P and CLF
5/25/17 Early 5:25 am, S&P futures at 2410, my 2430 target right around the corner. Check note on SNAP and PPG.
5/23/17, Before open, Check out note and chart for F. Buyer today at new high of$11.14
5/22/17, Early am. Got the close above the 50ma Friday for the S&P, buyer today only at new day high of 2389.07. Gap to close above at 2400. Check note on TWLO and WMT.
5/19/17, Early am. S&P made a new low and closed below the 50ma. Seller at new lows. Buyer only after a close above the 50ma. See notes on FCX charts.
5/17/17, After hours. Better pay attention tomorrow! Seller on new lows, Check out updated notes on charts
5/17/17, Early am. Check notes on S&P Renko chart and AMD chart. Good going ED.
5/16,17, Early am. Check note on S&P and PPG. CEMP making a move. Added AMD chart for ED.
5/14/17, Early am. Happy Mothers Day, I will be adding new charts later this evening. Peter Ill have your request on here this evening.
5/13/17, Im adding Renko charts to the stocks that I follow, so you'll see a regular chart and then a Renko chart below. Regular chart will still show gaps with targets. I will add notes on how I trade with Renko. If you have questions or a stock you would like to see a chart for, just ask. Wrighttrade
5/12/17 Early am. Check out notes on NVDA, SNAP and FCX.
5/11/17, Early am, Check out chart NVDA and WMT. Buyer at new market highs.
5/9/17, Early am. See notes on S&P, SNAP, and AMTD charts.
5/1/17, Early am. Check out charts $SPX, FCX, and SNAP.
4/27/17, Early am. Check out X chart below, 375% move yesterday on this weeks put.


A. S&P 500 Large Cap Index ($SPX)

6/22/17, Early am, Gap closed yesterday that was made three days ago. Seller only at new day low of 2430.73
6/20/17, Early am, Blow off top yesterday? Nope, not very strong if so. Small gap up made also. Ill be watching for now.
6/12/17, See note on chart. Many things could happen from this point. A blow off top could be around the corner. Stay tuned.
6/5/17, 2440 target hit yesterday
6/1/17, Early am, Filled the small gap below and touch the 10ma yesterday. Buyer at new day high of 2416.00.
5/30/17, Early am, Buyer at new day high of 2416.69, small gap below might fill before making new highs. Target 2430 to 2440.
5/19/17 Early am. S&P made a new low yesterday and closed below the 50ma. Seller at new lows. Buyer only after a close above the 50ma.
5/16/17 Early am.S&P made a new all time high yesterday, closed a small gap at 2400. Buyer today at new day high of 2404.06.
5/13/17, Market closed below the 10ma. Might close the gaps below down to the 50ma. MACD starting to show signs of divergence with the price having higher prices. A close below the 50ma and I will be Bearish, but until then Im Bullish and a buyer at new day high of 2392.45 which will also be above the 10ma. My target for S&P is 2430. Wrighttrade

A1 $SPX - 15 min Renko, Landscape

Trading Renko, Wrighttrade Rules. Buy trade. 1st, Renko box reverses. 2nd, MACD Histogram makes a higher low. 3rd, Line is above the zero line on Slope. I stay in the trade until Renko reverses or MACD Histogram make a lower high. Also may take profit where the gaps are. Wrighttrade

B. Freeport-McMoRan, Inc. (FCX)

6/22/17, Early am, Seller at new day low of $11.11.
5/30/17, Early am. Seller at new day low of $11.51.

B1 FCX - 15 min Renko, Landscape

5/19/17, Renko short trade at $11.71 opened on 5/16 and closed on 5/18 using gap at $11.25. Wrighttrade

C PPG Industries, Inc. (PPG)

C1 PPG Industries, Inc. (PPG)

D Advanced Micro Devices, Inc. (AMD)

6/22/17, Early am, Big moves up last two days making two new gaps. Buyer only at new day high of $14.02, targets at gaps at $14.18 and then $15.08

E Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 3x Shares (DRIP)

5/4/17, Gap at $21.60 filled today, good move today.

F. Direxion Daily Gold Miners Index Bull 3x Shares (NUGT)

6/22/17, early am, bounce off of bottom wedge line, buyer only at new day high of $30.63.
6/14/17, Early am. Buyer at new high of $35.34
6/5/17, Looking to be a buyer only at new day high of $34.50

F1 Direxion Daily Gold Miners Index Bull 3x Shares (NUGT)

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