What Do the Charts Say?

Hey Shoppers,

And we thought last week was nuts!

Let’s go back to the charts – because there’s great info …

And grab a new trade idea while you’re there.

On the Charts

The charts below have something in common …

SPDR S&P 500 ETF (Ticker: SPY):

Invesco QQQ Trust (Ticker: QQQ):

iShares Russell 2000 ETF (Ticker: IWM):

There it is again, that lower support line has held in each of these indexes … for now.

Now, for  today’s trading idea …

Big Sale

Yesterday was something else. Quite the sell off.

I have actually found a stock that seemed to be in a world of its own.

Check out AT&T (Ticker: T):

The May 13 20 calls are $.31-$.35. 

If T opens and trades higher – AND the market overall is in recovery mode – I will consider buying these.

I think T can try and trade $23.

>> And don’t forget to join Andrew at 12:15 p.m. ET today! <<

Thanks for Reading … See You There!

Licia Leslie

Licia Leslie

Licia Leslie

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About the Author

Licia Leslie

Licia Leslie

Former CBOE floor trader and CIO at Karman Line Capital. Author of ‘The Option Traders Hedge Fund’ with over 30 years of options trading experience.

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