We haven't hit my stop or even broken the trend line, but 4/5/17 & 4/6/17 form a Bullish Harami then 4/6/17 - 4/10/17 form a Doji Sandwich, both are bullish. Plus we have a close above the 8ema yesterday which is a change of trend indication. Today we seem to be moving higher which could be confirmation if we close positive.
So, while we could wait for a close above the trend line, I'm going to be conservative and exit here today with a small loss.
Results:
Shorted XHB 36.82, covered 37.07.
Bought XHB May 38 Calls for .36, sold for .36.
Goal is small losses and larger gains.
(All my chart indicators are defined in "My standard chart indicators" posted 4/8/2015)
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