jamespwu

jamespwu

took profits this morning on my put options on the open. 100 is now resistance

jamespwu

It breached the 50 mva the first time on the daily. First major support around 100

jamespwu

FB breaks out fast today. Got the MAR 135 CALLS early, but did not expect this kind of move today. Here is what I see on FB. If we get through the potential resistance here, 137ish, we could get an accelerated move higher, since the stock just initiated the break of all time highs. Stop will be 134.5 to 135.25. This is a little aggressive.

jamespwu

broke sharp first support retest and now at second one, first gap fill is long ways down 231.5

jamespwu

Channel breakout, long 23.5 calls. Measured move is the size of the channel

jamespwu

LONG CALLS VS THE TOP OF THE CHANNEL. The measured move is the size of the channel, about 4 points

jamespwu

IBB breaking out slowly, its a hard trade with short term options due to the large spreads and daily movements. Would like to get it on a retest of the breakout, but with this market not sure that's going to happen

jamespwu

This morning we hit the bottom of the wedge. A break of will be important.

jamespwu

IWM is still sitting a consolidation flag pattern. Going to play the range until something breaks.

jamespwu

FB, made a quick move since the beginning of the year. The wedge breakout pattern and the gapfill to the upside looks completed. Personally I did not trade it well.

jamespwu

Spy broke down from a wedge formation in the second half of Dec, mostly caused by the last 3 trading days of the year. Now retesting.

jamespwu

If AAPL gets through 116 area it could be bullish, but right now its hitting some resistance.

jamespwu

The Trump Rally has pushed X up about 17 points. Is it due for a pull back before its next earnings? The fundamentals still needs to catch up right? LOL

jamespwu

GLD has been selling off hard and is now around potential support or bounce area. If it does not hold, look out.

jamespwu

FCX tried to breakout last 2 weeks ago, but it failed and pulled back slightly. As of yesterday, the stock closed above the recent highs. If it can stay above 14.2 area, the next major resistance is not until 16.5 or so.

jamespwu

GLD, got hit hard 3 days in a row. The monthly tells us that the first real support is around 110ish. So I will still short on a bounce or just put on a longer term trade. I was short the GDX etf and long GDX puts, but closed out Friday due the fast 3 day sell off.

jamespwu

Ouch, TLT. This is the first time I pulled up a monthly chart. In a longer time frame, the support is still further away. On the daily, its very oversold. Looking for a bounce to re-short. Please also look at the RSI Neg. Divergence on the bottom. I wish I saw that earlier. I tried to short it many times this year and never really worked out great, but if I...

jamespwu

Here is a weekly of AMZN. The chart is still bullish, but when the rising angle gets to 60 to 75 instead of the normal very bullish 45 degrees, the stock tend to adjust back to the norm. You can also view it as a rising wedge failure.