Monday, August 26, 2013

Monday evening


Monday afternoon

Think he's surprised.  Shoulda seen Paige. She didn't know him.
FB Daily Chart (10:50 EDT)
The IPO opened @ 42.05 (the top white line) while the first bounce high was 33.45 (lower white line.)  This looks like it could develop into a trading range or the stock may break higher and the upper line becomes support.  Either way there are multiple trade opportunities depending on your time frame.  I nibbled some Sep6 weekly calls this morning @ the 42 strike for .97.  I am looking for the upper line to become support.  If I am wrong I will exit and look for a trade in the 35-42 range.

Monday morning

2nd Chance ... SLV Daily Chart
After planning and missing the trade in the lower box I am now stalking a trade in the upper box.  Others may prefer to trade gold (or the miners) but I think the bigger, faster moves will be in silver.