rlim

rlim

XLV testing 30 and 50 dema

rlim

ADX ~8.8 10 dsma > 30 dema > 50 dema > 100 dema Expect resistance near 25

rlim

Recently lows were higher lowers. ADX ~17, so not considered a strong trend. 10 dsma < 30dema and trading below 50 and 100 dema Expect a test in the 75.50 - 76 area

rlim

10 dsma < 30 dema ADX at 23.5137 Broke below trend line, and more recent support of ~48 Thinking about selling a call spread, or finding an underlying to sell a call spread

rlim

Close held above 30dema ADX at 11 Ranging between 76 and 77.50

rlim

ADX at 13, indicating it is not trending It headed south on Friday, when SPY opened below 50 dema. I may consider selling a short put spread below 109.5 resistance

rlim

Friday was 2nd day it closed below 49. 49 is acting as a support, but FXI has been drifting lower Currently below 49, and below 50dema 10dsma > 30dema, however gap is very small now. Not sure if I want to sell a put spread, or do long call. I would like to treat FXI as a speculative index, because the Chinese market is very speculative right now (in a...

rlim

Closed below 50 dema on thursday, and opened&closed below 50dema on Friday(Bearish) Close and low held above bottom trend line and 100 dema (Support still held) 10 dma > 30dema, however gap is closing. SPY is testing the lower channel. I have placed an order for a short call spread 214/219 which as a delta position of .27 with 40 DTE If SPY goes up ... I...

rlim

SPY testing lower band.

rlim

SPY touched 50 day ema. Expecting to hold 208.90 level If it break though, expect it to hold 208 level where it meets trendline and 100dema

rlim

$DIS broke above 106, and touched it twice in the past week confirming 106 as a support, supporting my bullish assumption. I'm expecting a decent run from the 106 base, maybe 10% to 116?

rlim

I'm hoping the extremely high volume selloff today was a result of profit taking and closing positions before the weekend. It is down 2.4% including after hours. However it had a huge long day yesterday. So it still closed above both 10 dma and my trend line. This gives me hope $XBI will still go up the following week.

rlim

I bought in on the first pull back thinking it was off to the races after the large bullish candle. $DIS has been testing the 106 area for the last 4 days. Making me a little nervous. Especially with the downgrade to neutral the other day. I am not familiar w/ Fib, but I did a Fib retracement, and the 0.382 line is 105.86. I also see the 10 dma closing in. I...

rlim

$54 support is also 50 dma.

rlim

Waiting for a pull back to the 77.5 area and test it as a support before entering a position.

rlim

Taking advantage of the bearish market movement today. $SPY still holding above support area of 106. Taking a gamble, because I think market is still bearish. Down .85% so far today. But $DIS had strong move yesterday, so I think today are people taking profits. As long as it holds 106, I am 75% confident we will have a good day next week. Other 25% depends...

rlim

$DIS up 4% breaking though 104.23 and 106 support/resistance areas with only a slight pause at 106. And at very large volume. It helps that $SPY up 1.27%, but on lower than average volume. Because of the past strong bear days in the $SPY, I am hesitating on buying at this price point. But I am also worried about missing an opportunity. ... I decided I'm going...

rlim

Because $DIS broke below 104 in large volume today, I should be bearish However, the general market dropped 1.6-1.9%, so I am not surprised $DIS was included in the sell off. Unless there is a continued sell off in large volume, I think there will be support around 101.80-102, or 101 if 101.80 doesn't hold. I am not sure there is enough touch points for 102.75...