kungfuguo

kungfuguo

Long Jan 565 and 575 calls. Notes on chart.

kungfuguo

Note on chart. Long Jan 2014 calls

kungfuguo

Note on chart. Support at $538. Downward resistance.

kungfuguo

Note on chart. No position.

kungfuguo

Note on chart. Long Goog.

kungfuguo

Note on chart. Consolidation period expected. Overall Bullish.

kungfuguo

Note on chart. Long SI. Weekly resistance at $135.

kungfuguo

SI has been performing well in the past 4 months, recovering from the low 100s to 130s. I expect the bullish trend to continue, and expect to test the resistance at $134-135 by early to mid December. No reason to short here.

kungfuguo

Pretty obvious what's going on here. Note on chart. BTO Dec 540 C @ $9.24 on 11/26. Will be using RSI and resistance levels as signals to exit the long positions.

kungfuguo

Note on chart. Expect break down of support at $45.7

kungfuguo

Some pullback into the KC, as expected (see yesterday's analysis). In the next few days, I expect the correction to continue. I expect to see some green bars (+/- some red bars) until we are back into the KC. As noted previously, any deviation from the KC is associated with extremes on RSI. As we are at oversold territory on RSI, I expect some short term...

kungfuguo

Goog continues bearish trend downward after bearish reversal at $1040s. Broke support at MA-20. Now MA-20 will act as resistance. Expect to retest support at $1007 (50% retracement) and bounce back from there. Bearish bias in the short term. Observation only. No positions.

kungfuguo

Note on chart. No position. Expect some pullback, but will continue trend down.

kungfuguo

Notes on chart. No position. Favoring short.

kungfuguo

Note on chart. Disclaimer: No position.

kungfuguo

Note on chart. Disclaimer: No position in AIG. Plan to initiate long position with covered calls.

kungfuguo

A disciplined way to play options. After playing the option game from the $400 to now, I have reviewed my plays, studies what worked and learned from my mistakes. When to initiate calls? - A good place to start seems to whenever the short term resistance is broken (when bullish flag is confirmed). For example, on 7/1, we gapped up and broke the resistance at...

kungfuguo

Since the ER, Google gapped up to over $1000, and has been holding steadily in the $1000-1040 range. It has tested $1040 three times. All failed. Support for each are labeled above. Today, we broke through a down-trending resistance line (red dotted line). $1040 was again tested but failed to break though. We found support around $1033. Things to note on...