Carolyn Boroden is a Commodity Trading Advisor and technical analyst who has been involved in the trading industry for over 25 years. Her background includes working on the major trading floors including the Chicago Mercantile Exchange, the CBOT, NYFE and COMEX, where she eventually shifted over to focusing on technical analysis of the markets.
Consider a bullish options strategy on this one, whether it's selling a vertical credit spread or buying a bullish vertical debit spread.
TheStreet's Carolyn Boroden likes analyzing Fibonacci numbers a lot better than she did working her first job at Burger King.
Is there enough of an upside potential if MGM resumes a rally in the near future?
And if you are long the banking giant, it's time to protect profits and ratchet up stops on current positions.
The recent decline in the soft drink giant's shares post-earnings is similar to pullbacks in the past that have been followed by nice rallies.
I like to focus on symmetry in the markets and believe that by explaining the past it is helpful in looking at our next decisions.
There have been enough changes in the technical signals to merit a fresh look at both.
Let's see what AAPL does with this next key price decision and trade accordingly.
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