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Options Earnings plays
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3 basic moving average rules that can keep you out of trouble.1) Be long above the 8/21 DMA When a stock/index/ETF is above the 8 and 21 day moving averages, I want to be long because momentum is on my side. 2) When the 8/21 DMA break, get tactical And when those moving averages break, I get tactical. That means I clean up my positions, start taking profits, and testing shorts. 3) Anything below the 200 DMA is for short-term trading only If something’s below the 200 day, it’s broken. You can play with quick trades from both sides, but buying and riding is out of the question. Now once your name does break above the 200 day, it could be investable again.
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