TradeKing Midday Market Call Recap - SPX, DAL

Recap for Tuesday, November 11th by Kevin Corrigan

Did you miss Tuesday’s TradeKing Midday Market Call? Here’s a quick recap. Don’t miss another session, register here today!Analysis of S&P 500 from QuickTakesPro’s Michael Kahn:S&P 500 (SPX) – At the time of this broadcast, SPX was around 2038.75 up 0.49 today. It hit a 52 week high earlier today. It has moved well past its 50 day moving average of 1972.12 and it is above its 200 day moving average of 1919.70. Although it has been moving up to new highs, the Stochastic level of 99.36 suggests this could be overbought at this point. Still, the market is going up, so that is the trend.

The Chart of the Day is Delta Airlines (DAL) -

Analysis of DAL Volatility Chart and Dividends from TradeKing’s Brian Overby

Technical tools used:

 Moving Averages

Brian Overby’s paper trade strategies based on Michael’s analysis -

Long Put

Long Put Spread

Brian’s Paper Trade - Long Put 

Brian’s Paper Trade - Long Put Spread

TradeKing Options Tools used:

- Detailed Quote

- TradeKing Long Put

- TradeKing Long Put Spread

- TradeKing Volatility Charts

- TradeKing Options Pricing Calculator

- TradeKing Probability Calculator

- TradeKing P&L Calculator

 additional risks and multiple commissions

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