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Posts tagged wets
Options and Stock Market Technical Chart Analysis for October 14, 2009 by Idan Koren
Aug 16th
Today we looked as the S&P hit the upper resistance of the wedge, the 1091.5 fib target and the descending support of a H&S from 2007 which is now resistance all at once. This has been our ultimate target for this rally, and we can very well see this market correct. There is a chance for a small little push higher to 109.70 on the SPY to fill a gab from a year ago, but we believe we’re moving lower. Keep stops on shorts at 1097-1098. Our short GOLD vs Long SPY trade worked very nicely and today we sold short some November SPY 108 calls hoping for some downside into the end of the month, and also went short JPM at an average of 46.50, AMZN at 96.90, BIDU at 416 and WYNN at an average of 67.10. Keep stops of around 1-1.5% away from these places.
FocalEquity.com Stock Market Technical Chart Analysis July 11, 2010
Aug 5th
Today we look at the SPY and the Dow Jones to look at possible levels where the market could reverse. While it’s too early to tell where the market will go, we provide the important levels for shorters and buyers to trade this market.
FocalEquity.com Stock Market Technical Chart Analysis for July 14, 2010 by Idan Koren
Jul 31st
Today we look at the SPY and talk about the fact that the SPY managed to hold that crucial 109.10-109.20 and end the day GREEN nonetheless. The interpretation is that the bulls are still in control of this market and that shorting it right here is out of the question. Idan says that he needs to see 1085 break on the SPX before considering shorting the market. He also said that buying here is too high as the market is overbought he needs a pull back to 1071 or 1060 before he can scalp long. We also look at GS and AAPL and set up some nice traders for tomorrow.
PART 1 – Options and Stock Market Technical Chart Analysis for October 16, 2009 by Idan Koren
Jul 29th
Today we looked at many charts all around and have tried to make sense of the market action. While we got the strong pull back we expected early on in the day, the market did reverse and move higher making the daily S&P candle not so bearish. We still want a confirmation lower and a break of a trend line before we can get more bearish but the setup in other stocks excluding energy is to the downside. With the XLF showing huge down volume in the last 20 minutes it seems like we could see an H&S forming. Other tech look weak including BIDU, AAPL and AMZN (less weak). Financials including GS, and JPM sold off away from their highs and could be showing signs of a reversal or at least a prolonged consolidation. BAC is a very weak stock after it missed it’s earnings, with that in mind it might be worth shorting BAC and Citigroup ( C ) and going long the XLF as a hedge. I also expect WYNN to potentially hit lower lows.. but keep a stop at a descending resistance trendline, I have already gotten stopped out and i’m out of this position.
Options and Stock Market Technical Chart Analysis for November 27, 2009 by Idan Koren
Jul 19th
Today we look at the patterns that are showing up and what to expect into next week. I reveal my larger positions and the hedges that are placed in for next week. A potential downside of 3% or more remains as we try to aim for the support levels of the megaphone and wedge formations. I also look at the XLF, SPY, Dow Jones, GLD, AXP and AMZN.
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