Next week is literally hopping with potential earnings announcement plays.
I've tried to pick out the ones that (1) have > 70% implied volatility rank; (2) offer greater than a 1.00 credit ($100) for the "classic" one standard deviation short strangle setup; (3) have fairly good liquidity with options prices; and (4) offer weeklies, but there are also a few...
My last call on AAPL was a fakeout, this is in fact is an actual confirmed breakout after a fully consolidated flag patterm, simply get short and have a tight stop as instructed on the screen with the color coordinated boxes
Past few days, we have seen failed bounces here in the market. One key level has come to my attention that is actually going to determine the next move. That is the green support line (191.70). On the daily chart that is a very active support/resistance level. As you can see I circled the past few days activity around that level. Traders are playing off that...
NFLX is a warrior in a bear market. We have seen the stock rally when the indices were falling fast. Now we have a retracement coming down into a very key fibonacci level that has confluence with structure support (0.764 retracement). Simply get long if we close a 30 mn candle across the white downward resistance line. Do not get long if we never close above the...
SYNOPSIS:
Probable interim limited decline (i.e.: higher-low) at or along 2-4 Line (Point-4 remains unconfirmed). Longer term sees completion of geometry at Point-5.
Consider Wolfe Wave if price reverses from Point-5 to 1-4 Line - If adverse excursion occurs along the 3-5-prime (5') Line, apply Geo's Off-Set Rule #3.
Chart updates and technical notes...
$HOG looks a little under the weather, could be time for a tune up
markets looking to go lower and $HOG seems to want to follow them,
Time for your oil change
Shorts in favor
the market is fluid.
Could Spike due to low gas prices but i see it going lower in the overall long term.
The market has ran up this past week after it bounce. Now volume is running dry and it ran into heavy resistance. it also broke the trend line (yellow line) up top. We want to see price CLOSE below the light blue neck line before we enter a short position to fill the gap at 203.85.
Completely parabolic action today in the spy.
1) ran right into resistance on daily chart
2) fading volume of trend
3) RSI didn't register overbought when market made its last structure high
4) blow off top candle on 30 mn chart
5) lots of selling on level two
The rectangle below is the profit target (2 gaps down there that need to be filled)
FB is part of F.A.N.G. - FB AAPL NFLX GOOG. This is the nickname Wall Street gave for what they believe as the strongest stocks to come in 2016. These tech stocks with low exposure to the shit that was thrown on Wall Street will thrive in the new year and are hot buys. Heres the big move, dont hesitate. We broke out of a flag and are moving towards a breakout of...
There's some good symmetry (time & price) & a couple of patterns trying to play out here. If we hold above the low from 12/14 for a nice move up, with possible rejection points along the way. For support, the green line must hold for a potential new pattern to come into play. for resistance, watch the B points of the patterns as well as the extensions (in black)....
Basic TA
But remember the market is "Fluid" ;)
P.S
i should have posted these on 12/14/15 First Attempted
Second was an Early Morning alert about 5:AM 12/16/15
-----> twitter.com
Short squeeze boom is done, entire market is in red except for the 4 king ' FANG ' stock. 'Facebook', 'Amazon', 'Netflix', 'Google'.
Low risk entry into shorting the S&P here, down into the lows of August/October.
Regardless of what Yellen says on December, it does not matter. The FED do not have control of the market, people are just focusing on the past.
No one...
Earnings is always a coin flip. But if there is a measured move like last quarter, price could flirt with all-time highs again. Short float right now (<10%) is NOT is large as the last two quarters when it was pushing 30%. So a move higher may not be as dramatic the next day after earnings. Expected move with earnings this week is +/-$15
Bought broken wing...
I have a love-hate relationship with earnings plays. When they work out, I'm happier than a clam; when they don't, I swear off them, use expletives to describe them, and say that they're a total *?! waste of time.
That being said, there are some I just can't pass up, usually because the premium is just too good. In the next couple of weeks, these will be NFLX,...
