jamespwu

jamespwu

Chip leaders LRCX and Nvda are starting to fail. Watch Soxx and see if it can complete a head and shoulders patter.

jamespwu

BAC, forming a large head and shoulders pattern on the daily chart, but you if you look carefully, there is a small head and shoulders pattern in its right shoulder, lol. This is a important support area.

jamespwu

fb retested the wedge breakdown and still below so far.

jamespwu

Momo, reversed after earnings 40 is an important area to hold as support.

jamespwu Updated 

After the completion of the wedge breakdown pattern, FB should retest the bottom of the wedge as its first resistance. I was long FB calls overnight the day before yesterday near its 50 day mva. This morning the stock may also test te 10 and 20 mvas, which are about the same area as the wedge resistance {149.1 to 149.5 area}. I am looking to see if there is an...

jamespwu Updated 

Bidu could be setting up for a big move soon. After earnings announcement, the stock rebounded from the 50 day mva and now on its way higher. If this is a real wedge break, the move could be pretty big.

jamespwu

I have a 2 hour spy chart. We were close to a break this morning. Below here there is a bit of support. Its important to hold this area. Also looking @ XLF for clues.

jamespwu

GLD is moving up as a hedge against risk and the dollar moving down. Its has some overhead resistance here.

jamespwu

FB is trading in this wedge after earnings. So it has been very choppy. A break either way could bring about a bigger move.

jamespwu

Apple is moving higher than anyone has expected. Its valuation has always been less than its peer giant tech companies. This is just an educated guess based on the monthly chart. It looks like 160s for now. The Weekly RSI is very high, so its hard to say, but sometimes you have to ignore the RSI.

jamespwu

EWZ is showing sign of life testing its weekly resistance. If it gets through here, we can have a better move to the low and mid 40s

jamespwu

FSLR broke weekly downtrend the first time in a while, bought calls this morning, but spreads were huge. love to see a retest and buy again.

jamespwu

X is down big premarket to 24.8, long-term daily support is around 24.5. Let's see if that area holds. If it gets below 24 I would stay out.

jamespwu

Bidu is breaking out of a long-term wedge before earnings. The move after earnings could be big. The reason is that they have a deal with NFLX. It will be interesting to watch

jamespwu

HAL is below daily trend and 200 day mva, however, the RSI shows slight positive divergence. It will be interesting to see how the stocks react from here. a) a drop to channel low, b) retest of the upper channel, etc There are weekly options on the stock.

jamespwu

picked up some IBM calls 2 weeks out for a potential bounce based on trendline support and oversold rsi.

jamespwu

Since it peaked out and dropped to the low 220s, GS been making a nice wedge. It's worth watching for a big move.

jamespwu

VXX based on the 2 hourly rsi, is the most extended since the election.