John Carter Market Analysis: MMM, FDX, TSLA, FB, TWTR

John Carter of Simpler Options reviews market action and stocks on his watch list.
Author:
Publish date:

John Carter of Simpler Options reviews market action and stocks on his watch list. The indices continue to cruise higher, despite the weakness earlier on Tuesday. Trades Carter continues to hold 3M as a long position with the Daily and Weekly Squeeze in play. He points out that even though the FedEx call position was a winner, it is not time to buy puts on the stock because there is not a bearish setup. A stock like SSYS would set up for that scenario, however. Tesla is another trade that is waving red flags and he will hold the credit call spreads. Carter wraps up with levels to watch in Facebook and Twitter.