shomikghosh2

shomikghosh2

Disclosure: Long Jul 113 TLT Calls From the chart above you can see all the makings of a beautiful technical setup. The RSI is strong, A/D line is rising, and the etf is clearly in a rising uptrend. The channel is marked by the two turquoise lines above. As you can see, on Thursday TLT hit the top end of this channel and is now retracing a little on a stronger...

shomikghosh2

Disclosure: Long TWTR shares from 40.32 Twitter is approaching a huge level of support since its IPO at $40. The stock is also oversold on almost all indicators. Arguments can be made that oversold can stay oversold but with a highly volatile stock like twitter, i expect bulls to come in and defend the $40 line. Below this level and Twitter becomes a screaming...

shomikghosh2

Disclosure: Long Jun 60 Calls This stock is in a beautiful uptrend with the 100 ma consistently providing support, the A/D and RSI are both staying at high levels, the stock is above all its major MAs with its Bollinger Bands contracting slightly, and the stock is consoldiating recent gains in a trading band between 59 and 55, i think this is a nice long that...

shomikghosh2

Even as momos sold off like crazy, the strongest and best fundamental story of them all in my opinion, held its most recent earnings gap strong, and is now bouncing off this line with significant volume, the RSI is curling up from oversold conditions, i think you can try a long with a stop at 70, however, i also like waiting and seeing if it can recover the 100 ma...

shomikghosh2

Disclosure: Short May 20 Puts Tibco Software has tested and bounced off key support at $20 over a long period of time now, it seems the value buyers step in at that level while the company gets sold off in this growth hungry environment, i will initiate a long position again in the low 20s, for now i believe there is still a little upside left to at least the 50...

shomikghosh2

Disclosure: Long Shares @ 68.09 On Friday, Mar 28th, I bought shares of GILD right at the 200-ma for a bounce play, this is one of the strongest biotech stocks and should continue to hold in an uptrend for at least a little while as its hit drug is tracking huge numbers in the market and the pipeline is strong, I think a buy here for a couple dollars bounce could...

shomikghosh2

It sure looks like this could be a nice entry for goog with a stop a little below 1100, the A/D clearly is still in an uptrend along with the stock, if that uptrend gets broken then its time to get out, RSI is also at a historically low level where you typically see a bounce, nasdaq is weak but this is and has been one of the strongest stocks for a while so could...

shomikghosh2

Disclosure: Short May 20 puts TIBX has looked terrible technically recently, below all moving averages, death cross, high volume selloffs and RSI and A/D firmly dropping, however, 20 is a fairly big level of support for the Company and the CEO (who is also the biggest shareholder) has publicly stated that "the company will put its money where its mouth is and buy...

shomikghosh2

Pepsi is breaking down out a long time range, extending to lower levels on very high volume. I am a huge bull fundamentally in this name but sold out of my position today because i think more downside is coming. Technically, the stock looks terrible and a short may even be tried with a stop slightly above the $78 level which was previous huge support. At some...

shomikghosh2

Disclosure: Long shares and mar calls, soon to add 2015 calls TTWO is a remarkably undervalued company from the street with blowout quarters in the past 2 but street expectations still seeming higher than what is delivered. It seems like people are waiting to see if the company will actually have another title besides GTA. Fundamentals aside (which are very...

shomikghosh2

Disclosure: Long common from $45.81 This has been one of those longs that has just been consolidating at this level, it has broke above its recent box and has held above this level. The stock appears to be forming a new box from $45-$47 which i like as it is allowing the moving averages to catch up and the RSI to drop from close to overbought levels, on this...

shomikghosh2

I think the next level of long term support is at the 42-43 level. Every gap down on earnings and bad news has been sold off on high volume with levels of support being broken solidly, the stock is well below its moving averages. I think this is really a wait and see story here if not a short with a stop at the $52 level. Need to wait and see how volume and price...

shomikghosh2

Disclosure: Long shares of GLW since $17.39 A textbook cup and handle looks to be forming on Corning's daily chart with a trough to cup height of about $1. Volume has been confirming on the move upwards with a series of higher highs and lower lows. I expect a little bit of resistance here as a handle forms and then a break to new highs with a target of $19. Watch...

shomikghosh2

GLW has been consolidating in a range post the acquisition announcement and earnings, this range has slowly been creeping upwards, allowing the 50 dma to cartch up and provide meaningful support for the stock, for the most part, the 21 ema has provided support for the stock but the 50-day allows a nice stop against which to go long, my target for this is for it to...

shomikghosh2

I like this consolidation at these new highs around the $12 level that is allowing the 50 dma to catch up and provide closer support for the stock, also volume has been picking up on the up days with lower lows and higher highs setting this stock up for a nice run, RSI is rising, MACD looks to be curling up and Leon Cooperman has publicly pumped the stock today...

shomikghosh2

An underfollowed name, IP recently had a death cross a while back which made me fairly bearish, however since then IP has come roaring back, and the last 4 days has closed on gap fills with HUGE volume well above average vol, since this has filled a number of gaps, I believe this is well set up to reach new highs in the near term, an easy stop is at the volatility...

shomikghosh2

Gogo, a recent ipo, has been in a falling wedge pattern recently and broke above that trend today on large volume, even after an 11% gain, this stock still has more to go as this bullish pattern has been confirmed and should have continuation as time goes along, RSI is rising, volume is higher than average and MACD was falling but starting to curl up

shomikghosh2

Pepsi is testing an important level that it has bounced off multiple times this year, also it is looking to hold above its earnings gap, there has been a bunch of bullish activity in this name in the options space with many longer-dated calls being bought not sitting in OI, i believe the sell-off here was due to an expected taper in December which has hurt all...