Market Curiosity: Exploring Markets And Systems

August 11, 2013

XOM – sell puts soon? (update 1, Aug 15)

Filed under: Just Watching — Tags: — Jeff Fitzmyers @ 11:31 am

+ Medium term magenta CCI is nearing a bottom.
+ Up trend line nearby.
+ Medium term magenta EMA nearby.

Giving it a few more days then might sell a SEP 90 or 92.5 put.

XOM daily Aug 11 2013

Update 1, August 15
This is why I like to wait for confirmation: price can easily just keep going. The fact that price went through 2 significant supports could suggest this move is rather strong.

XOM daily Aug 15 2013

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