Monday, May 7, 2012

$MA Mastercard chart and setup 5/7/2012

thought we might have something today based on what the futures looked like last night, looking at the 50day moving average for a tag and bounce, missed it by 4points today. hits that and holds, would look at getting credit put spreads at/below the 405 level...trademonster shows that the Jun 400/405 spread is 80%+ probability of max profit.. get that 50day tag you might be able to enter for $1.00 credit