By Dan Darrow
November 10, 2022
Intraday Update: DVA, TLT
A few more early updates as indices continue to push higher following the CPI data this morning:
- Of the two trade ideas from yesterday's letter, we will only move forward with the DVA Dec16 $65 - $60 put spread. ROKU is above the 8day ema and 20day sma, and the bearish setup is no longer valid.
- TLT is up sharply along with the market, and the Nov25 $95 - $91 put spread will be closed as Treasuries begin to break out of their recent downtrend
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