The "Producers of goods" stays in place. The "Web services" rises. The "Mixed ones" has mixed behavior of both.
I the nutshell: It is a good time for Twitter to start.
GOOG is due to report earnings on Q3 Earnings Conference Call October 17, 2013
1:30 PM PT / 4:30 PM ET Price swing avg $30 - $40. Long Strangle Play here. Warning: High premiums are added to options closer to announcement date. Make sure not over paying.
ATM USDCHF is in a valid downtrend according to my point of view.
This defined by lower highs and lower lows as to the 1,2,3 pattern in the cahrt.
I'm looking forward the USDCHF to finish consolidation in the area of the FIB-Level 0.382 (apporx. 0.91531)
This area is also a former Support level which as been broken and will be retested.
I await that PA will...
Looks bearish as it had a King/Queens pttn. at the top of uptrend around 257.......the current daily cndlstk. is also in bottom range of yesterdays bearish engulfing cndl which is also bearish......S1=234 which is the 23% Fib level from 6/5 rally & S2=220 which is 38% Fib level
From the the chart seen seems like the stock broke Mid Bolinger line + 50 MA with re-testing Resistance @ 881 we think that goog will go down toward 860 next week
The 21 EMA looks like its about to cross the 50 EMA on this daily GOOG chart. I'm wondering about a long move in GOOG, but since I'm looking for a bigger move (rather than a scalp type trade) I will wait for the trend to re-emerge before I place a trade. The crossing of the EMA is an early indication that GOOG might be moving back up but it's too early to tell.
Everything points towards a move down.
We even have a nice head and shoulders formation at the top (still not confirmed).
One could also use the recent high ($918) as a stop to get ~7 risk/reward ratio. While going higher would not invalidate the ending diagonal count, it would add some arguments against this scenario.
