Friday, November 28, 2014
Monday, November 17, 2014
Sunday, November 9, 2014
Friday, November 7, 2014
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.
Tuesday, November 4, 2014
Monday, November 3, 2014
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.
Sunday, November 2, 2014
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.
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