2/22 Watchlist

Indicators are all trading as they were this morning, mainly within very narrow ranges. This is not a day to set the heart pounding. Volatility has gone missing. And good riddance, I say.

The wonderful thing about trading options is that Volatility can go missing and I can still make a profit. Iron condors, diagonal spreads, calendar spreads, covered calls -- are are ways to gain premium from selling options when stock prices are barely moving.

These are all high probability trades.

Shares, on the other hand, need for prices to move in order to gain a profit, a much iffier proposition in these Volatilitiless days. (Great word!) Closer to home (my home, at least), I decided to sell CVS zombie shares, the ill-gotten spawn of a February iron condor was exercised at expiry. I discussed the parameters of the decision earlier today. Today's watchlist, from this morning's scan: WFC, a new macd signal, with the price traversing 2.4% low to high today. Analysis. SBUX, a price breakdown that set a lower high, setting the stock up for a classic downtrend pattern, with the price traversing 2.3% high to low. Analysis. None from Friday's watchlist have begun to show a price breakout: Money flow index overbought: AKS, analysis CSCO, analysis SMH, analysis TXN, analysis

There are hundreds, maybe thousands of technical indicators for the stock and options trader. Financial analyst Richard Sipley brings together the best of the lot in a cohesive, easy-to-read guide.

New macd bull signal:

• AOD, analysis

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Topics:
CVS pharmacy drugs, Wells Fargo bank financial, Starbucks coffee, AK Steel, Cisco networking, Semicondcutor HOLDRS, Texas Instruments electronics, Alpine Total Dynamic Dividend fund high yield.