Saturday, March 24, 2012

$MA Mastercard chart and setup for new entry 3/26/12

had a strong day on friday, newest setup for a new position using credit put spreads would be if stock breaks thru resistence near 429ish, ie to a new high, then would look at credit put spreads at/below the low from 2 weeks ago near 405ish.. that would be the support line to shoot against. earnings last time i checked look to be after apr opex.. the 50day is near 390, that would be logical level to shoot against also but that level does not offer enough premium. set your alert at 429