SIX - Short from top of the upper channel-line/resistance to $49SIX getting weaker after touching its resistance level near top of the upward channel. We think it will reverse from here & it would decline breaking the channel formation. We think it will decline to $49 area.
For trade we would consider $60 March-17 Puts @ $5.60
You can check our detailed analysis on SIX in the trading room/ Executive summary link here-
www.screencast.com
Time Span:0:35:30"
Trade Status: Pending
Short-put
BSX_ as it retest overhead resistance at $21.47BSX
Date First Found - November 15, 2016
Pattern/Why- breakdown of trend line and up channel
Entry Target Criteria- Retest overhead resistance at $21.47
Exit Target Criteria- $17.13
Stop Loss Criteria- $22.13
Indicator Notes- huge drop in Twiggs Money Flow
Special Note- we would consider February $20.00 Puts currently @ $0.68
NWL - $45 March Puts looking very interesting NWL seems forming a sharp declining head & shoulder formation. It also seems breaking down from a double top formation. On the other side huge put volume also suggesting investors bearish approach to the company. We think it will be a interesting option play to the down side.
We would consider $45 March puts, last traded for $2.60
You can check our detailed analysis on NWL in the trading room/ Executive summary link here-
www.youtube.com
Time Span: 9:00"
Trade Status: Pending
The investors take profit? #SouthmentThe investors take profit?
The company Netflix has had a good performance after earnings report. Four days with winnings and today, the market feelings can take another position ... pay attention for the feelings and emotions!
"An investment in knowledge pays the best interest" - Benjamin Franklin
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SMA 20 complements by SMA 200The SMA 200 is used in daily charts and 15 minutes intraday charts. Stocks with SMA 20 (drop) represents a good starting point to be sold.
Apple alert this clear signal, stay tuned for the next moves in the price ... forewarned!
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QSR - short if it reaches to $44 area & show weakness. QSR seems forming a head & shoulder formation. It crossed down MA 50 & 1000, and moneyflow is down to the negative side. WE think it can decline to 37 or lower.
For ideal trade entry we would like to reach to 44 area to make its next shoulder formation & decline from there. For trade we would consider Jan/April 45 puts when it reach to $44 area.
You can check our detailed analysis on QSR in the trading room/ Executive summary link here-
www.youtube.com
Time Span: 9:30"
Trade Status: Pending
OAS- Short at the break of 11.09 to 7.63OAS seems forming a rising wedge formation & its breakdown support recently. Moneyflow was diverging & now crossed to the negative side.
If it breakdown the wedge formation It has potential to go down all the way to 7.5 area.
We are also considering $11 January-2017 Puts, last traded for $1.15
JNPR- Short at the break of 22.37 JNPR is breaking down from an upward channel. It is looking a good short as It declined below all the EMA lines, and moneyflow is in the negative side.
On the option side we are looking for $22 January puts
You can check our detailed analysis on JNPR in the trading room/ Executive summary link here-
www.youtube.com
Time Span: 4:20"
Trade Status: Pending
STX- Strath took $32 January Puts STX seems breaking down sharply in the context of global economical slowdown & related industry weakness & sells contraction.
In the technical side STX breaking down from a rising wedge formation, and rising wedge target will be around 30
For trade Strath took $32 January puts, traded for $1.85
You can check our detailed analysis on STX in the trading room/ Executive summary link here-
www.screencast.com
Time Span: 14:50"
Trade Status: Pending
LULU- taking Put option on earningLULU seems scooping after a huge run & also breaking down from a rising wedge. Money-flow is strongly down in the neg-side. We think its run is over, and it will fall from here with the earning report.
On the trading side we like to take option on earnings here, we are looking for SepW1 75 put $2.07, and Oct 75 put for $3.46
You can check our updated analysis on GALE in the trading room/ Executive summery link here-
www.screencast.com
Time Span: 22:50"
Trade Status: Pending
AAPL ShortWe are Apple short. We broke out of the bullish channel into the bearish zone now. The grey lines are relative levels that match well with the fibonacci levels. We will probably come down to the 200 sma. RSI and MACD levels signaling downwards. There is a daily gap level to be filled. The bottom of that gap is a golden horizontal line that signifies the top of the first time Apple went to 100. We are bouncing down off the bollinger bands. Count the number of candles and you will realize the it is time for the stock to come down.
ROLLING: NDX/IUXX AUG 5TH 4350/4375 SPV TO 4400/4425Rolling up the put side yet again (I've basically rolled the thing into an "iron butterfly" (filled for a .90 credit ($90)) to defend the call side.
I generally don't like to "invert" condors (here, roll the put side beyond the call side), so I'll probably just leave the setup alone running into expiry, but keep an eye on the setup's net delta and make a decision as to whether I want to erect a separate delta hedge (in this case, most likely another short put vertical set up in a separate expiration) to protect the position from further upside and/or mitigate call side loss.
Otherwise, I'll just do my usual close out the worthless side, roll out the tested side for minimal strike improvement, and sell a put side against for a credit that exceeds the price to roll the tested side.
ZBRA- Short from 47.7 to 25.13ZBRA seems breaking down from a Macro frame Head & shoulder pattern. Today's break confirms the entry & our target is 25.13
On the option side we are looking for Aug2016- 50 put trading at $4.4
You can check our detailed analysis on ZBRA in the trading room/ Executive summery link here-
www.screencast.com
Time Span: 68:00”
Trade Suggestion Date: 5th Jul
Trade Status: Running (opened 5th Jul)
USDJPY H4 HOW TO TRADE A DESCENDING TRIANGLE + PULLBACK SHORT £$Clean and insightful USD/JPY publish with overview on trading a Descending Wedge - just my opinion anyway :)
The base range is the distance from the highest point of the range to our marked low point.
We then take this same distance to determine the potential size of the breakout
Note how close USD/JPY came to reaching this potential level
in my experience price often pulls back to the level of its breaks out before continuing in set directional trend, lets see if that happens.
Stop inside of wedge, target still base range, proportional boxes give an idea of the momentum expected in short falls,
Fibonacci retracement level based of major high/low points within descending wedge, notice how it highlights key levels of price action within the wedge
161.8% level also strong confluence with potential target
Channel commodity index also in steady down motion
Good Luck and Happy Trading :)
EURUSD SHORT LONG TIME FANTASTIC POTENTIAL STRONG LEVELS £$ Drawn S/R horizontal lines on W1 very strong levels coincide with diagional ray and key Fibonacci levels.
Fib retrace shows 23.6% reversal occurring, Ichimoku suggesting a bounce off kumo -
Channel Commodity Index reverse also respecting diagonal channel.
First target 0% on Fib retrace, trailing stop from then on -
Stop based on historical kijun-sen flat line, slightly above visual red stop level on short position target
Good luck and happy trading!
Sell Facebook before the news is out I'm short $FB with $89 puts that expire in few weeks, $87.5 puts that expire in August and whole assortment of other FB puts. IMO this is like trading with inside information, the news is available, but hidden well in Facebooks last 10K filing in January 2015. FB says " We are being examined by the IRS" in that filing. They also say "We are unable to estimate the full range of possible adjustments" At issue is a tax loss carryforward tax credits that FB has taken but not eligible for. Evidently the IRS code says that a tax loss carry forward cannot be transferred if ownership of a corporation changes by over 50%. That happened to Facebook when it went public. So far FB has taken tax credits on $3 Billion of a $7 Billion tax loss carryforward which will be denied by the IRS. FB profits will turn into losses when FB has to restate earnings. You can find this information hidden in Notes to Financial Statements in the Income Tax section of the 10K. Technically FB indicates a sell by the Stochastic indicator and other indicators on a daily chart. The fundamental news outweighs all the technical indicators imo. Sell Facebook ASAP. Stop loss at $89.50





















