Options Hunter News      archive



The latest from the IndexHunter session 07/07/2009

SPY -   Monthly says the price is ahead of itself, price is higher on daily but MACD not confirming new high price.

DIA  - weaker than SPY, needs to be around $70.

IWM - lots of potential downside left in it, needs to come down to $40.

QQQQ - not as weak as IWM, should come down to $30.

XLE - this is the weakest index, but not the best option candidate as it should only be around $37.

XOM - Monthly is plunging, the technical pattern is damaged and there is only one direction this can go, down.

SLB - time to enter was middle of June, price was new high, indicator was not.