Trading Best Buy (BBY)

Learn to trade Options with Hari Swaminathan from OptionTiger.com

Best Buy (BBY) got hammered yesterday after guiding lower on its store sales during the holiday season.

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SPY Chart Analysis

Technical Analysis

At these points, it’s always a good idea to do a study on the SPY Chart, and see if we can get some sense of what the next 2 to 4 weeks may look like.

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State of the Markets – SPX Charts

Options Trading examples

Markets are jittery in the short term, as seen on the SPX Charts of the last 2 weeks. The SPX hit a high of 1687 about 10 days ago, but since then, we’ve seen a close to 5% correction.

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Is Distribution setting in on the SPY Charts

Chart reading skills

Notwithstanding, the markets seemed to be grinding up in the last few days leading up to a big day on Friday to close the week. The SPX was at 1518, and this morning it touched 1525.
But an analysis of the SPY Charts in the last few days tells us there is some distribution happening.

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Chart reading – A Tale of two Googles

Chart reading skills

Choosing a timeframe for your investment is critical. If you don’t have a plan for this particular parameter, you’re likely to underperform. Let’s take a look at what we mean – Both these charts of Google (GOOG) are taken on August 28, 2012.

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