No news is good news, especially FAKE news for FBHistotically, when the VI (negative) reaches this level, FB drops at least 0.74%. All trendlines have been busted and an actual bottom to this disaster is unknown. Some advertisers may be unwilling to play FB's game and the value of the stock could easily continue to suffer.
Once this VI level is breeched, the average drop is 4.82%. I have chosen a more conservative drop based on recent common support levels. My safer play is a decent PUT position that can easily bring in 20-40% within two weeks.
Put
NO-GO for GOPROStill going down.My conservative play is only 2.34% to a common support level. Historical when the VI (negative) breaks above this level, the stock drops an average of 15.12% over the next few weeks. The minimal move is 1.25%.
Fortunately or not, there is not much room to drop. Holiday shoppers are most likely looking for deals and the price tag on GPRO products versus lower priced competitors continues to make GO PRO a NO-GO.
TSLA going downHistorically when RSI reaches this level, the stock continues to decline at least 1%. The average drop is 9.02% while the minimum move has been 1.47%. I anticipate this stock dropping at least 3.23% from the close of December 1.
This is a great opportunity to make 10-30% on PUT options.
VISA TO DROP AT LEAST ANOTHER PERCENTHistorically, when RSI reaches its current mark, this stock drops at least another 1%. On average it is actually 4.34% with the minimum drop of 2.64%.
A conservative play is a drop of 1.70% to fall in line with the bottom of the trend channel. Anticipate a 10-30% minimum profit from a solid PUT.
TFX - Inverted Flag formation short from $145.93 to $132.13 TFX broke-down long tern trend in weekly frame, retested it from beneath & now falling down. In the daily frame it is forming a bear flag formation & related upward channel. Both pattern suggestion a decline & we are looking for a short if it breaks below $145.93 & our first target is $132.13
You can check our detailed analysis on TFX in the trading room/ Executive summary link here-
www.youtube.com
Time Span- 4:30"
Trade Status: Pending
SIX - Short from top of the upper channel-line/resistance to $49SIX getting weaker after touching its resistance level near top of the upward channel. We think it will reverse from here & it would decline breaking the channel formation. We think it will decline to $49 area.
For trade we would consider $60 March-17 Puts @ $5.60
You can check our detailed analysis on SIX in the trading room/ Executive summary link here-
www.screencast.com
Time Span:0:35:30"
Trade Status: Pending
Well, we are still in an uptrend, technically speaking After the "healthy" correction, kc touched the 100 day MA around 153 as indicated previously as a potential target. Furthermore, we are hitting the lower end of the trend channel (blue).
I am looking for some support coming in here.
As vol softened during the sell off, threeways, selling put spread, buying call seem to be good long market, long vega strategies in my opinion.
BSX_ as it retest overhead resistance at $21.47BSX
Date First Found - November 15, 2016
Pattern/Why- breakdown of trend line and up channel
Entry Target Criteria- Retest overhead resistance at $21.47
Exit Target Criteria- $17.13
Stop Loss Criteria- $22.13
Indicator Notes- huge drop in Twiggs Money Flow
Special Note- we would consider February $20.00 Puts currently @ $0.68
NWL - $45 March Puts looking very interesting NWL seems forming a sharp declining head & shoulder formation. It also seems breaking down from a double top formation. On the other side huge put volume also suggesting investors bearish approach to the company. We think it will be a interesting option play to the down side.
We would consider $45 March puts, last traded for $2.60
You can check our detailed analysis on NWL in the trading room/ Executive summary link here-
www.youtube.com
Time Span: 9:00"
Trade Status: Pending
The investors take profit? #SouthmentThe investors take profit?
The company Netflix has had a good performance after earnings report. Four days with winnings and today, the market feelings can take another position ... pay attention for the feelings and emotions!
"An investment in knowledge pays the best interest" - Benjamin Franklin
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SMA 20 complements by SMA 200The SMA 200 is used in daily charts and 15 minutes intraday charts. Stocks with SMA 20 (drop) represents a good starting point to be sold.
Apple alert this clear signal, stay tuned for the next moves in the price ... forewarned!
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LYB - Short from current position to 30 areaLYB breaking down from a head & shoulder formation in short term & it has lot of insider selling from key investor. In long term it formed a descending triangle.
Now it had its earning released today & in reaction it did decline a bit, so we think it will decline breaking the triangle formation.
To trade LYB we would consider $80 March Puts (6.2)
You can check our detailed analysis on LYB in the trading room/ Executive summary link here-
www.youtube.com
Time Span: 7:45"
Trade Status: Pending
Selling Puts in Gold to take advantage of a possible pullbackGold looks like is losing momentum from the big move down. Its flirting to break the 20EMA on 4hr and we are over extended on the daily. Looking to take advantage of a correction I will be adding to my other positions by selling the 1230 PUT for $1,100.
As long as the price continue to be above 1230 by November 23rd we keep the full Credit.
Break even @ 1219.2
Probability of profit 74.5%
DNKN- Short from 45.87 to 35.37DNKN broken down most recently formed upward channel. It also had a rising wedge formation which also broken down.
It also has longer term channel formation & downtrend support where it can come down. So we are looking for a longer term target of 35.37
On the option side we would $45 March puts
You can check our detailed analysis on DNKN in the trading room/ Executive summary link here-
www.youtube.com
Time Span: 10:40"
Trade Status: Pending
QSR - short if it reaches to $44 area & show weakness. QSR seems forming a head & shoulder formation. It crossed down MA 50 & 1000, and moneyflow is down to the negative side. WE think it can decline to 37 or lower.
For ideal trade entry we would like to reach to 44 area to make its next shoulder formation & decline from there. For trade we would consider Jan/April 45 puts when it reach to $44 area.
You can check our detailed analysis on QSR in the trading room/ Executive summary link here-
www.youtube.com
Time Span: 9:30"
Trade Status: Pending
PLAY - Short at the break of 39.43 to as low as 28PLAY is forming a potential head & shoulder. It is rolling over & moneyflow is rolling over too. It also had insider selling recently.
It has good potential to go down from here to 28 area, and for short we have very good risk-reward ration over 5:1.
For trade we are also considering $40 January puts.
You can check our detailed analysis on PLAY in the trading room/ Executive summary link here-
www.youtube.com
Time Span: 1:45"
Trade Status: Pending
OAS- Short at the break of 11.09 to 7.63OAS seems forming a rising wedge formation & its breakdown support recently. Moneyflow was diverging & now crossed to the negative side.
If it breakdown the wedge formation It has potential to go down all the way to 7.5 area.
We are also considering $11 January-2017 Puts, last traded for $1.15