GXDX and LMNX

What is up with the X's?




Anyway... GXDX has not panned out yet so now is the time to sell a covered call/buy a put/sell a bear call spread. If you understand those statements, kudos to you. So, the logic goes is that since the ADX is below 25, the stock is non-trending. The slow stochastic is now in OVERBOUGHT territory. If the stock breaks back down below the 200 day moving average, perform those trades.



So as for LMNX - if the stock breaks above $22, buy the stock or sell bull put spread. Why would I buy at $22 and not now? Well the stock is not trending as noted by the ADX being below 25 and the Slow Stochastics is in OVERSOLD territory.

Good luck trading.
JD