quote:Originally posted by Happy Valley: RIG...Cup and handle building on the 5 minute...Tests next resistance @ $29.06 as soon as the upper bollie catches up jmo
$29.20's...Right through it on the 2nd largest volume bar of the day. Nothing above us til the 20 EMA @ $29.70's jmo
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Nice beat on both top/bottom lines and dividend increase...Expecting upgrades in the coming days and lots of room to run on the way to filling the May gap. Shorts are in trouble here jmo
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Added more @ .75 eod... Ran into heavy resistance @ $47.40's this afternoon and RSI still over 86 on the daily...Needs to back test the 200 SMA and consolidate back inside the bollies before the next leg higher...JMO
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BABA still doing it's thing @ $114.50's. Will be at the top of my watchlist next week. I think "singles day" could be a sell the news event. Volatile week ahead for this one...JMO
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quote:Originally posted by Happy Valley: AAPL $114.80's...Overbought on both the weekly and daily. Tagging the upper bollie here on the daily...
Long puts...Dec. 12th $110's @ .88
Took some @ $1.10...5 minute lower bollie needs to catch up here, will add them back if the buy bots jam this back up to the 5 minute 20SMA...
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Watching SPY here $204.40's. Daily stochastics overbought and starting to round off and curl down. Bios hit late last week and many of the momo tech names getting hammered today...Taking my first lot of puts here. Next week $203's @ .86
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Small caps and high betas being sold with both hands today. VIX dips being bought and I'm seeing some major divergence in the high yield market over the last two weeks. Be nimble here longs...JMO
Even with the dollar index up big today, GDX has bounced hard off the morning lows. Pretty heavy resistance here at the 50dma, would love a close over 18.65 and some follow through next week. Miners have a lot of room to rip if we can break out here...