February Technical Trades: Month-End Updates

These updates will be available to subscribers only starting in April. 

T – We picked up T when it was trapped in a bit of a range between 36 and 37.  We picked it up at a $.38 debit, and it has since gained 15.8% on basically no movement.  Suggested Action:  None.

USO – USO has jumped almost a full dollar since the March put was sold, and has eaten into some of the profits. This was to be expected somewhat, remember this is a longer term plan.  Including the profits that are locked in, you are up 38% on this trade.  Suggested Action:  None.

JNUG – JNUG has moved against us over the past couple of weeks, and currently sits at $.57.  That is a decline of 4% of the capital required for this trade.  This is a trade over the next couple of months, so hold on to it.  Suggested Move:  None. 

TLT – Hadik let his TLT trade expire and took small gains, however even Hadik believes TLT will still maintain upward pressure, as does many of the other analysts that I follow like Jake and Elliott Wave.  This was a short-term trade, however, so I’m inclined to sell it off at a small loss.  Suggested Move:  Sell at $1.95 debit (2.2% loss)