GPRO & BITA Updates

GPRO: Major support at 49.9 - 48. SL 48

BITA: Looks like 5 waves completed and broke important support level at 68.

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.