Nice doubletop and downside divergence on XLP daily charts picked up some Oct 11 60.5 puts for 21 c MACD says price sb around $60 or below. Oct 1 bid/ask spread .27 .28 so looking good so far. Oct 2 looks like this has hit a bottom and bouncing some, im exiting at .57c 250% gain. gotta love options.
Monthly MACD Divergence on Retail Sector shows the Way
Jul 29, 2020
In spite of the bad news on retailers, I see many with strong monthly MACD chart divergences: BBBY, which I showed weeks ago in class & also LB, BGFV & many others. How can YOU find these before they begin their strong up moves? By doing exactly as I teach!
MACD Divergence show Pressure on the Indexes
Jul 23, 2020
With all of the major components like AAPL, MSFT, AMZN down, it must be putting pressure on the indexes that they are a part of & how about Volatility(VXX)? Is is showing any clear upside patterns? What about the short indexes like SPXS & QID? Do we get “confirmation” from these?
VXX 30 minute MACD divergence 7-23-20
SPXS 30 minute MACD divergence 7-23-20
QID 30 minute MACD divergence 7-23-20
MACD Divergence on the VXX is the Trade
Jun 17, 2020
At 1:45pm eastern on June 12 the 5 minute chart on VXX made its way to the high it had reached 2 3/4 hours earlier, but we were concentrating on the MACD indicator. The MACD had a clear divergence indicating that the price action on VXX shouldn't be at $45 but more like $40 or lower based on the slope of the MACD peaks
As predicted the price dropped to below $40. this powerful move down is often reflected with a reverse MACD divergence up on the SPY. In this instance as the chart below clearly shows, there was not one in the offering. So we went back and looked at the VXX puts for big gains on the near term OTM options.
MACD Divergence shows the Way. It ain't rocket science,
Apr 16, 2020
So, I'm sure there are many options traders, who are now at home and work, maybe even have a full house of family members. My commitments used to disqualify me from doing intraday options trading, not anymore, now I'm trading on intraday charts looking for MACD divergences and double tops and bottoms like the Options Hunter does.
I'm no Dale Wheatley, I'm still learning and cautious with my trades but I can tell you for a fact that this strategy works for me, it really does. The daily chart of BA had a strong MACD up that really gave the confirmation of the 5-minute divergence Dale looks for.
He tweeted this yesterday. Those calls really took off. It was on 5 minute bars so we knew it wouldn't last forever. I'd have exited when the price pulled back around 10:45 but that's me being conservative. Could have stayed the course for the real MACD turn down later in the day.
Bullish MACD Divergence on VXX means Markets are Headed Down
Mar 27, 2020
| This is a daily chart with a clearly defined UPSIDE DIVERGENCE on VXX, the Fear Index. The time between the first price bottom to the second one, when the divergence occurred, was approximately one month, from late Jan through late Feb 2020. |
| That suggested the up move in VXX and down moves in the major markets and component stocks should last approximately 1 month before the MACD begins to stabilize. Around March 18-20, 2020.
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| The lower time frames on VXX started showing MACD rolling over and some Downside Divergences, the SPY, QQQ, IWM, XLE, SMH, XLF and most major component stocks then began showing UPSIDE divergences |
| producing huge returns on OTM calls. |
| |
1000% Return on WMT Calls
Mar 19, 2020
The Options Hunter Tweet summed up
todays action on Walmart
Check out these 1000% gainers in one day
on March 20 WMT options
Monday's hourly chart on WMT with
strong upside divergence on MACD
indicating prices should be at $109 or higher
Wednesday's hourly chart on WMT with
MACD divergence prices exceeded $109 by a tad
The daily and hour chart of VXX were the catalyst to turn the markets down on FEBRUARY 19!!
Mar 06, 2020
The daily and hour chart of VXX were the catalyst to turn the markets down on FEBRUARY 19!! When markets were at stellar highs.
Daily Chart of VXX with MACD divergence up February 19, 2020
Hourly Chart of VXX with MACD divergence up February 19, 2020
Most of the indexes were at or near all-time high as well as most leading components such as AAPL, AMZN & MSFT.
THIS VOLATILITY INDEX IS A MEASURE OF FEAR, EVEN THOUGH MOST FOLKS THINK IT IS ONLY NEWS, CAUSING THE SELLOFF!
It is really just “fear” of the unknown! It PAYS to understand VOLATILITY if you plan on making any money trading in the market options!! Volatility on February 19, 2020 the MACD shows us the level should be much higher.
So what did MACD say about SPY on February 19, 2020?
Daily Chart of SPY with MACD divergence down February 19, 2020
Note how the price peak was actually higher than before on Feb 19, but MACD top was much lower,...
2019 - MACD divergences - XOP
Dec 31, 2019
XOP weekly upside divergence on MACD setup with a triple bottom and MACD diverging up.
XOP 23 calls that expired December 27 2019 went from a low of $.05 on December 5, to around $1 on December 26, that 21 days and 2,000%!!
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Dale Wheatley
Founder, The Options Hunter