New Buy Signals These are three market stalwarts that have all reversed back up into their upward trend channel, or in the case of AAPL never approached the bottom support line. Hitting the bottom of that channel is a make or break moment and for now MSFT and SPY have successfully tested channel support. AAPL: Nov $230c MSFT: Nov $115c SPY: Repeat Buy from Sep10th., or Nov $290c We have had several Sells already in the Nov expiration cycle, so these Buys will provide some balance. Ideally both sides of the bull/bear trends can see triple digit returns before expiration, so I am not too worried about holding both puts and calls. In addition, many of the big winners exceed 100% gains, some by a lot. The AAPL July 7th Buy was up over 400%. The MSFT July 3rd Buy was up over 200%. The SPY August 17th Buy was up 172% and the Sep 10th Buy is up over 100% and is still open, so no need to add unless you want to go out to November. See most recent Weekend Update for full table of open trades.
