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Monday, February 12, 2018, 1020ET
Market Bias for Issue #228
Our current Market Bias with Timer Digest is LONG SPX as of Friday JAN 26 at 2872.87
Our previous Market Bias was SHORT SPX as of Tuesday DEC 19 at 2681.47
Here are the trade parameters for this week:
SPX Secondary Profit Target for last 20% of our position = 2710
SPX Primary Profit Target for first 80% of our position = 2680
SPX BreakEven Stop (Last Open) for last 20% of our position = 2636
SPX Money Management Stop for 100% of our position = 2610
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| Action |
Asset |
Expiration |
Strike |
Option |
| BUY |
SPY |
Friday MAR 2 |
263 |
Calls |
| SELL SHORT |
SPY |
Friday MAR 2 |
268 |
Calls |
| You need to execute both legs and hold it as a Call-Spread.
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Note A:
Once the Primary Profit Target has been reached, traders are advised to close 80% of their position in order to lock in profits. The remaining balance can be carried over with a BreakEven STOP, based on the SPX level at the time of entry, in order to make the trade a zero-risk trade with the final position running to reach the Secondary Profit Target.
Once either Secondary Profit or Money Management (BreakEven STOP after the 80% peel-off) is hit, our Option/ETF trade for that week is over. Go to Cash and wait for the next PMT Issue.
Note B:
When we change our Market Bias with Timer Digest, You need to go FLAT asap. With PMT Pro, that is before the Close that day and with the basic PMT, at the open of the next day.
Fari Hamzei
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Proactive Market Timing
