Henry Gambell of Simpler Options steps in for John Carter for a complete market review. With earnings season in full swing we've got several positions to talk about. Most we've been playing into their reports, but there's plenty of strategies to employ right before the numbers as well. Let's look at a few we've been working recently. We closed the directional call position in Visa (V) on Tuesday for a win and put fresh money to work in Home Depot (HD). The trade is different for HD, but it is based on the same Squeeze chart pattern we used for V.
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Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.