/ES trading along trends

These drawings I have here have been doing a pretty good job at anticipating support, resistance, and reversal points.

Closing Out Straddles

I'll repopulate this as I continue to close them out.

FNSR
-Sold Mar 41 put @14.70

Straddle Trades

Some straddle trades im in...

Sold out of a nice one today that I entered yesterday into the close on BKCC

-Long May 12.50 call @ .40 - exited @ .20
-Long May 12.50 put @ .35 - exited @ 1.20

Paid out nicely from a big downward move from earnings, missed better fill prices though.


Others which I have now entered as earnings plays....

FNSR
- Long March 41 put @ 2.30
- Long March 41 call @ 2.25

SMTC
- Long March 24 put @ .90
- Long March 24 call @ .90

MCP
- Long March 45 put @ .75
- Long March 55 call @ .75

HITK
- Long March 17.50 put @ .20
- Long March 22.50 call @ .25

We'll see how they play out
- Krames

S&P Futures looks like they may be in for a reversal (/ES)

/ES - Looks to be hitting a key level and starting to trade sideways.  The week may close S&P lower.  The 1 hour chart is above, and a 4 hour chart below.

ATVI to resume bullish pattern

ATVI - Activision Blizzard, video game behemoth, looks to be returning back to its bullish triangular pattern.  It broke south out its lower support after its earnings news suprised negatively among other plans moving forward. 

An article posted on optionMONSTER a couple days ago states of a massive position taken of long 40,000 May 12 calls and writing 20,000 May 10 puts, putting the investor in at at $0.125 per option.  Although they are dropping their Guitar Hero line, their other game franchises such as Call of Duty and World of Warcraft draw enough business and leave potential for growth to keep Activision on top.

The bull has faltered but is now back on its feet, I say its a good time to ride. Price target around $15.40.

BEE Altered Chart

The green lines with the text next to them are not massive upcandles, but rather a measure of the width of the triangle and breakup - probably should of used a different color...

Credit to Steve Y to bringing his opinions and anlysis to the table; his charts are posted in the comments of this post

Markets ready for a bounce?

The S&P has been moving like a roller coaster recently, but it looks as though 1295 is proving to be a key level

Bank of America is in for a move

Las Vegas Sands Corp

Las Vegas Sands - Casino bomb?

Looks as though this is about to drop through the floor.

Wheres the market heading?

E-Mini S&P 500 Index Futures, March 11

Voice your opinion in the comments.

Krames

AstraZeneca and Gorgeous OmniVision Technologies trade

AZN - AstraZeneca looks to be due for a movement up north, I have a target price if all goes well of around 58

In other news... my trade of the day:

2/23 bought OVTI March 11, 27 strike calls ------- average fill of 0.35

2/25 sold OVTI March 11, 27 strike calls ---------- average fill of 3.20

814% ? Not bad!

Freeport-McMoRan Copper and Gold

Strategic Hotels and Resorts

If BEE is around my 6.09 Price level within the next week and a half as it approaches the support intersect, I'm a buyer.

Sprint is one to watch closely...

A good opportunity to go long... but not yet.  Wait for this to trade lower/sideways to about 4.10 and then a long will probably be in order.  This could be a good play for early next week.

Long AIG

Another earnings play, and its close to a intersecting support point, I feel a strong upside bet.

Dreamworks

Earnings after the close - I dont think this is goign to break lower quite yet, but rather rise up back towards the upper resistance. Long

Nice Earnings Play

OVTI - down big the past two days, partly due to the market confusion yesterday with all the worldly conflict, and again today due to a downgrade of RW Baird's target from $35 to $24.  Earnings tomorrow with these technicals make this a pretty buy for me.

I just put my order in for calls.

ACI 8.10 Steps

Interesting chart, since the '08 bottom it seems to have been trading within various trading ranges, each having an interval of 8.10 higher than the previous.  If history should repeat itself, ACI should remain under the 35.85 level for another 5 months or so, trading in the 8.10 range.  However, a triangle also seems to be forming where it currently sits, and a rebound in the 32.30/50 level could send this stock right through the 35.85 level.

Sprint Resistance

S

S chart update

V - A good technical long reinforced with upcoming earnings Wednesday

Not much else to say other than what reads in the title of this post.

IM Chart Revisit

Heres an update of how an old chart I posted HERE on IM unfolded; it could be at a key level.

When I posted this previously, the blue support had just met its first touch after IM had broken through the white support and turned it into a level of resistance.  Shortly after, prices pushed back towards the white resistance, and came back down to the blue support level of 14.66, yeilding a nice opportunity to play the trading range and make profits in both directions.   IM has since made a nice rally and risen back up to the white resistance. 

With markets widely down today, it will be interesting to see how the stock reacts at these levels.

Krames

One to watch, Dr. Pepper

This should be interesting to follow in the next few weeks. The stock has been trading within narrowing range, and is now approaching the axis.  What is also interesting about this chart is how prices have been using the middle dotted line both as support and resistance, pushing through to favor the other side every so often.

I feel this may be a good opportunity for some profit towards the upside.

Krames

Pop out?

Glimcher Realty Trust should be popping up on a nice looking chart, solidified by some positive real estate news.

Shoulda seen this one coming...

Maybe next time

C

Target of 6.50