Hi Shoppers,

Check out the doji on the Apple (Ticker: AAPL) chart:

A doji can be found at the top of an uptrend or the bottom of a downtrend and it signals that there could be a change in that trend.

The doji has a very small or nonexistent real body (the colored part of the candle).

That happens when the opening and closing prices are very close.

The bulls and the bears are battling it out and neither side is winning.

This sparks uncertainty in the market.

Thus a change in trend.

If AAPL opens and trades higher today, I will be eyeing up calls in the Sep16 expiration:

You know me, I like to buy those calls that are at the money and close to expiring.

They have the best gamma.

Check out the 155 calls.

Trade Review

In my last write up, I recommended a call spread in Alphabet (Ticker: GOOGL).

I ended up buying outright the Sep16 190.50 calls.

Although GOOGL didn’t participate in the rally yesterday, the chart is still intact and I believe it will proceed to at least the 50 day moving average price of $113.80.

Thanks for Reading … See You Next Tuesday.

Licia Leslie