jamespwu

jamespwu

This morning qqq completed a perfect head and shoulders formation with the neckline around 131.5.

jamespwu

AAPL, BROKE THE HEAD AND SHOULDERS CONSOLIDATION AND CAME DOWN TO SUPPORT AROUND 140ISH. 2 HOURLY RSI WAS THE MOST EVER OVERSOLD SINCE THE STOCK WAS TRADING AROUND 115. Long some calls from 140.5 to 140 area. Out below 140

jamespwu

Spys held the went below the 50 day, now at or above it. The intermediate trendline holding so far.

jamespwu

PBR is coming into resistance this AM premarket around 10.25 or so. I may initiate some puts 2 weeks out for a short term pull back.

jamespwu Updated 

Fb this morning pulled back into support after wedge breakdown. Support was around 141. Went long options for a scalp.

jamespwu

New highs for amzn after long consolidation. Could have a follow thru with this type of stock long aggressive weekly calls. I already sold half this morning, keep the remaining at entry price stop loss.

jamespwu

Bidu is at support on the daily chart and bottom of the wedge. It is also forming what looks like a potential head and shoulders pattern.

jamespwu

TLT has been popping up as money is moving out of stocks. We are now coming into the first major resistance zone, It's worth watching along with the banks and see how they react with each other.

jamespwu

AMZN has been sitting in a wedge formation for the past few weeks. I liked how the stock held the upper range for the most part of yesterday. Worth Watching for a potential breakout to new highs. Long out of money weekly options.

jamespwu

BAC, right at the uptrend support, now also at the bottom of the daily consolidation channel. It would interesting to see how it reacts from here. Could get a gapfill, if we breakdown.

jamespwu

Yesterday, aapl closed weak. This morning we got a quick gapfll and the retest of the 20 day right on the open. LOL

jamespwu

Amzn, has potential to make new highs after the daily wedge breakout

jamespwu

PBR broke the wedge, now at the 200 day. It is an interesting chart.

jamespwu

CVX has been a leader in the energy sector. With the recent sell off the energy names, it would interesting to look at CVX. Lets see how it acts in this area. XLE already broke the 200 day. Looking for a potential short in the retest areas overhead.

jamespwu

We held the daily uptrend on the GLD, GDX has been doing much worse due to high debt of the group. Currently, we are near yesterday low pre market. Lets see if that holds

jamespwu

I don't know want to go counter trend, but the Dia is pretty close to its potential possibly.

jamespwu

IBB tested the 300 area again today and is failing so far, I took some profits on the open minutes with my long calls.

jamespwu

IBB had a huge move yesterday after a sort of the retest of the wedge breakout. Now its approaching prior resistance areas. I am cautiously long with options 2 + weeks out. The measured move is around 310 based on the size of the wedge.