mikeffi

mikeffi

Break of $105 could be significant. With the close proximity of the 200MA if makes seems to use this as potential trigger for entry.

mikeffi

Double bottom formed and confirmed potential next target of $20

mikeffi

Higher volume turnaround last session V- forming..potential confirmation next session

mikeffi

Well supported at $15.25 and could bounce on good data. With the stock closing above 5EMA, A higher risk short term scalping trade could be considered by those watching the market live.

mikeffi

any consolidation over 430 in the next trading session could see follow through of high volume buying and a confirmed break out.with $31 the next resistance. We see a cross of the shorter term EMA's.

mikeffi

XLU have been stuck in a trading range after testing but have moved up to challenge the increasingly important $42.30 level and moved higher to re-test last session on good trading volume comparatively. A confirmed break of this level may see the stock challenge $43.50 which appear to be a more significant technical landmark.

mikeffi

Short term EMA cross on increasing volume. no move from the Fed reserve would be highly bullish for this ETF. OTM bought call as a potential strategy. Time entry for after Fed decision.

mikeffi

Shorter term EMA's about the cross on higher trading volume. Potential upside of $37 in first instancee which is also 200MA. Move above $35 would confirm reversal

mikeffi

Approaching key price level of $26.24 on high trading volume.now pushed over 200MA with shorter term movign averages crossing after break of $25.

mikeffi

Some resistance seen at $29.50 a break of this could see a re-challenge of $30 and above with the price sitting above the 50EMA and a recent cross of the shorter term EMA's. Long term debit spread opportunity?

mikeffi

Price move back over the 5 and 15 EMAs. Noting the 200EMA and will use this as potential entry criteria for a short term OTM call option position. Lower volume in last session is noteworthy but we may see further buying if confirmed break.

mikeffi

Doji candle formation suggesting a pause in buyer conviction with Big jobs data today with open and close at key 20.40 level. shorter term EMA's crossed. A move above yesterday's high of 20/75 may provide short term scalping call opportunity.

mikeffi

Cross of shorter term EMAs with price close on possible resistance on reasonable volume. a move above this line and could consider a Sept bull put spread at 26/25 (or lower 25/24 if more conservative).

mikeffi

Sharp V-shaped reversal and moved up before rest of market, high volume move up to key $56 level and above both shorter term EMAs. Low position with the potential to accumulate

mikeffi

Potential low cost butterfly trade to take advantage of a potential move back into the $25-$27 range that was present for a couple of months. Price back over 5EMA Need to see confirmed move over $25

mikeffi

Current market conditions show no signs of abating if one is to view Asian and European trading so far. An OTM put option down as far as $188 with a 1% trail behind may be a way to trade this whilst managing any bounce higher.

mikeffi

Last session move above $57.50 looks technically significant after recent retracement. we have a cross of the shorter term EMAs and a higher volume day yesterday than previous (although still lower than desired) The stock closed near the high of the session and is suggestive of some buying pressure to move at least up to test $59

mikeffi

Bottoming process seems to be in place with the price moving back over the 5EMA on good trading volume and evidence of support at $107 (with 200EMA at $105) following earnings drop. A move over $111 would provide confirmation of a reversal and could see further buying into the stock with $115 or even $120 upside.