The 21st Century Covered Call Strategy – 01-14-19

The technical condition of FB is improving as several of the pertinent indicators have turned positive and the stock appears to be under accumulation. The stock is outperforming the market when compared to the S&P 500 over the last 50 trading days. The MACD-LT, is confirming that the intermediate-term trend is bullish at this time. FB’s chart formation suggests an upward trend is beginning/ stock is in the early stages of a rising trend. A close above $144.22 is a number to watch to confirm a trend reversal. Momentum as measured by the 9-day RSI is positive but showing signs of slowing. The stock is in a short-term overbought condition based on a Slow % K stochastic reading of 80 or higher. Over the last 50 trading sessions, there has been more volume on up days than on down days indicating that FB is under accumulation, which is a bullish condition. The stock is trading above a rising 50-day moving average which confirms the improving technical condition. 

Market Edge Opinion: IBM

ulation, which is a bullish condition. The stock is trading above a rising 50-day moving average which confirms the improving technical condition. The technical condition of IBM is improving. Some of the indicators have turned positive suggesting that a bottom in the stock price has likely occurred. The stock is outperforming the market when compared to the S&P 500 over the last 50 trading days. The MACD-LT, an intermediate-term trend indicator, is bullish at this time. IBM’s chart formation suggests an upward trend is beginning/ stock is in the early stages of a rising trend. A close above $121.00 is a number to watch to confirm a trend reversal. Momentum as measured by the 9-day RSI is positive but showing signs of slowing. The stock is in a short-term overbought condition based on a Slow % K stochastic reading of 80 or higher. Over the last 50 trading sessions, there has been more volume on up days than on down days indicating that IBM is under accum