Recently there is lot of interest in LGF. It broke out from congestion today. Calls activity is on the rise for last one week. Today it closed at $16.68 and can move another 2 points in coming days. Traders may…
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Monthly Archives: October 2012
S&P closed at 1412 last Friday after making a low of 1403. This is the support level for S&P, however it looks like it will be broken and S&P will head lower towards 1377-1375 level. If S&P holds the current…
S&P closed at 1433.19 on Friday after rising up to 1464. Previously 1430 has been support. In my October 14th post I had mentioned S&P could drop to 1416-1417 level. So S&P still have high probability of falling to 1416-1417….
Last week S&P closed at 1428.59. It broke the support of 1430 which had been strong support for quite a while. As we know S&P topped out on September 14th after making a high of 1474.51 and closing at 1465.77….
PSX Reversal at 50-Day Moving Average. On Friday October 12th, PSX went below 50-day moving average but bounced upward sharply and closed above 50-day moving average. This is bullish sign and PSX needs to be watched for continuation to upside….
AAPL made a high of $705 on September 21st and fell to $623.55 on October 9th. It took twelve sessions to do this. After hitting the low of $623.55 it rose upward to $645 and then fell down to $629.71…
Following financial stocks had heavy Calls activity today. 1 – AIG – Reports earnings on 11/1/2012 – AMC2 – C – Reports earnings on 10/15/2012 – BMO 3 – JPM – Reports earnings on 10/12/2012 – BMO 4 – PNC…
Today two stocks saw heavy option activity: 1 – ABT on Calls Side 2 – BBY on Puts Side ABT – Jan 45 volume Call volume was 807,500. Other strikes also had huge volume. ABT closed at $70.37 today. BBY…
AAPL fell below 50 day moving average today (October 8th, 2012). It closed at $638.17, dropped $14.42. History of AAPL tells us that when AAPL falls below 50-day moving average it has the tendency to move back above 50-day moving…
The media was talking about correction in the month of September. I had mentioned in my earlier post that we will not see any correction in September. It did not happen. On Friday, October 5th Dow Jones and S&P hit…