BABA and AMGN may generate Sell Signals on the Close today. Early entry is acceptable so long as you have the discipline to exit the new Short position if either of these signals fails to trigger.
BABA will reverse SHORT today on a close below $171.02. If triggered, we will be buying the Jan $165 Puts.
AMGN will reverse SHORT today on a close below $177.23, but it also reports earnings today after the Close. If you are willing to take the risk of earnings, consider putting on a smaller than usual position. If triggered, we will be buying the Jan $175 Puts.