okay here is my earnings play for the day RSI low in oversold area after running high on last channel bounce ER today after close. Usually sees 2-3% gap on ER expected to beat plus good guidance with new NBA deal and TPP passing.
I'm looking at JUL 2 calls at 109 to purchase before EOD and sell tomorrow at open. ...
AMGN has been trading in a nice range since the end of last year on daily charts. However, the 20 day and 50 day SMA are begging to approach the 200 MA. If it can hold look for it to retest resistance at 173 range. If it breaks below that trendline and we get a Moving average cross, it could lose momentum and ...
Clear Divergence forming as Goldman has been ranging for awhile now in the box. Nice clear double top. I think we see a reverse back to the resistance level at 158.28. Try and test and then a long way down to 120s-130s.
Please let me know your thoughts.
Oil is going to make its seasonally adjusted pullback to lower levels taking USO with it. The set up is already a nice downward channel with a double top confirmation. Look at Sept puts at 35, 36,37. Could drop as low as 33 making a stop at 35 for support before continuing downward
Been wanting to Short USO for a while. Egypt can mess this up. But it is stuck in a solid downwards price channel with all indicators signalling downward movement. I'm looking at the Sept 21 puts at 35 strike. Will sell near the money
Ford is continuing its two week long move upwards. Ignore major fluctuations due to ER (which btw were spectacular!!!!). I am still very bullish on this stock. I think you see upwards movement especially with Dividend and July Sales coming up.