Wednesday, August 27, 2014

SP Momentum Explodes

The statistical numbers have started to catch up with the SPY stock price movement.  While price has been drifting higher, my momentum indicator has taken off to new highs.

The rule states that as long as this indicator is rising, one must stick with the trend.  Once this indicator turns, my plan will be to sell calls/call spreads above the 200 level.

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