BAC_FITB_SDRL Updates

BAC: In a clear 5th wave that started in May 2014 and seems to be forming a nice Ending Diagonal with final "e" wave targeting the earlier highs.

FITB: Seems to be forming a nice Inverted Head & Shoulders pattern targeting recent high of 24. Wait for breakout above 20.72. 

SDRL: Either in a C wave or 3rd wave down. Follow the channels. 

AAPL-AMZN Updates

• AAPL: Resistances around 120-123 levels. 

• AMZN: Struggling to close above the trendline. 338-284 is the level for bulls-bears resp.

NOKIA Update

NOK: Good support at 7.7 levels. Long@ 7.7 with SL closing below 7.58. Reverse the trade below 7.58

Nokia - a year long consoldation

• Year long consolidation. Wait for a breakout or breakdown of the channel.

SPX Major 5 wave update

• SPX: In minor 5 of intermediate 1 of Major 5 of Primary 3. Resistances around 2042 for end of intermediate 1 wave.  Long term trendline resistance around 2070. 
• If intermediate 1 tops around 2040, minor 2 correction targets are around 1930-1905 (50%-61.8% retracement). As per trendlines, 11/07, 11/10 and 11/11 this intermediate 1 should end. Short ONLY after confirmation.
• 3 gaps left to be filled between 1900 to 2000. 

AAPL_AMZN Updates

AMZN: Technicals have been  week for quite some time now. Weekly close below 284, bears can rule. 284 is a strong previous support/ resistance zone and also the trendline support.

AAPL: Look for $112-113 to go short.

AAPL-BBRY-BABA-LNKD updates

AAPL: Near Fibo target of $110 and resistance trendline.

BABA: In final 5th wave nearing target zone of 104(1*wave1) -109.8 (1.618*wave1)

BBRY: In a large triangle pattern.

LNKD: Closes above the resistance trendline. 

BAC - FITB - ISRG Updates

SPX & DOW Alternate Bullish Counts and Levels

P = Primary wave

M = Major wave (Five Major moves = one Primary wave)

i = intermediate waves (Five intermediate waves =  one Major wave)

m = minor wave ( five minor waves = one intermediate wave)

DJI  Weekly EW count

DJI Daily EW Count for minor waves 1-5. 2nd chart in the above link 17490-17580 is a crucial level...Wave pattern at those levels will determine if the move from 1820 to 2018 (currently) 

will be an abc of B wave or a 5 wave of Major 5.

SPX Primary 3 Resistance levels. 

HLF Earnings Trading move analysis

1) HLF Options OI: P/C ratio around 2.5. Option premiums are higher than usual. Max upmove(if any ) this week is @ 60. Max downmove (if any) @43. 

Strike	Puts	Last	Chg	Bid	Ask	Vol	Open Int
43	11/7/2014	1.5	-0.4	1.28	1.47	2480	99
44	11/7/2014	1.57	-0.64	1.45	1.68	398	163
47	11/7/2014	2.32	-0.58	2.09	2.45	12	44
49	11/7/2014	3	-0.85	2.72	2.99	1189	41
54.5	11/7/2014	5.55	-0.95	5.3	5.6	240	210
	Calls	Last	Chg	Bid	Ask	Vol	Open Int
55	11/7/2014	2.95	0.95	2.75	3.2	36	551
57.5	11/7/2014	2.21	0.93	2	2.23	258	112
59	11/7/2014	1.69	0.62	1.41	1.94	72	242
60	11/7/2014	1.42	0.54	1.17	1.64	35	262

2) Options Max Pain@ 47: http://maximum-pain.com/max-pain.aspx?s=hlf&e=11/07/2014

3) Technically, stock is oversold and medium term technicals are looking for a bounce. Price closed above 5 week/ 5 day High EMAs. MACD is looking good for a reversal. 53.6 level is crucial.  Max upmove(if any ) this week is @ 62-63.(Trendline). Max downmove (if any) @35-36.

Overall, Playing a long straddle with 3:1 call/put ratio seems to be a decent bet. Risky traders can even go for a long strangle with 3:1 call/put. 

FORD & TSLA Update

FORD: Technicals are weak. Can trade for a bounce on close above the downtrending line. 14.5 is a previous strong support/resistance level. Support levels marked in chart.

TSLA: Technically still consolidating, not weak yet. EW wise, should be starting a wave 3 soon. Reward/Risk favors longs with a SL@217. May be the earnings will pump the stock up???

Long strangle with 3:1 call/put ratio should be good enough. 

NUS: Breakout on Weekly and Daily charts

BIDU

PSX: Nice setup for shorts

GOOG: In C wave: Sell on rise

• Price well below support trendline.
• Short on close below 515 or short between 545-555. Price may test the gap between 448-487 formed on 10/18/2013.

TSLA: struggling after price broke the trendline

Struggling after price broke the trendline. Tomorrow's weekly close is critical. Short between 234-236. 

FB end of 5 waves? Weekly close below 69 is bearish.

Sell on rise: Short between 73-75 or close below 69.

TSLA and FB: Interesting patterns of Channel breakout

• FB holding the trendline after channel breakout.

Will TSLA repeat the same?

AAPL in a trending channel.

 Shorterm trend lasts as long as the channel holds.

NFLX Right near strong resistance!

TSLA & NFLX: 08262014

• NFLX: Short between 480-484. SL day close  above 487.  Target 450-457

• TSLA:   Textbook channel pattern. Short between 267-274.  SL day close above 278. Target 240-245. 
• MACD ready for crossover. Weekly MACD divergence

Priceline Breakout

• Buy in the range: 1265 to 1277 with SL 1260 day close.

AAPL nearing its completion of 5th wave.

• AAPL nearing 5 wave completion with a Ending Diagnol in its 5th wave. 

• Ending Diagnol in 5th wave

Bearish Wolfe Wave in FB

• Bearish Wolfe Wave in FB
• Short in the range 70-72 with SL at 72.6 day closing.
• OR wait for the -WW to get triggered.

GRPN, BAC, TWTR Charts

1. Wait for traingle pattern to get resolved.
2. Close below 8.12, bears rule again.

1. TWTR - consistently closing below 5D LEMA and got resisted at 5D HEMA many times. Just follow the pattern...with proper SL.
2. Breakdown from the channel, next support at crucial Fibo level 46.5

1. BAC - 18.3 to 18.5 is the resistance. 

TSLA - Completing iv of 5 and waiting for final v of 5.

1. Typically 4th waves break-down (not a rule always) from the trendline and moves back into the channel for a final 5th move burst. 
2. Go long on day close above 243.

Apple Update

5 Week High EMA @ 538. Bulls need a weekly close above 5 Week HEMA and then a close above trendline.

AAPL Traingle Pattern

Medium Term: abcde Triangle pattern 2

Long Term: Triangle pattern 

Shorterm: Ascending Triangle Pattern 

Breakout: Target of 544/ 545 on day close above 533, BUT 100 DMA@537 is the resistance.

Breakdown: close below the trendline support.