Replies to post #53460 on Options Wonderland

[dalcindo]

Re: $GASO - Technical Conundrum:

Of technical interest, here comes this conundrum:

1 - Megaphone top (i.e.: BEARISH)?

or

2 - Continuation ascending triangle (i.e.: BULLISH)?

Line violation (support of resistance0 will likely provide a definitive answer.

Technically speaking:
1 - However, RSI has been under sustained bearish pressure for now over TWO years; recently developed a negative divergence with price while remaining under the 70-level
2 - MACD continues to hover over the "positive zero-line";
3 - But, ADX fails to produce any trend strength signal.

OVERALL - Chart favors bearish down-turn per RSI pattern alone (too weak to posit any definitive position):


$GASO - 60-Mo., Weekly Chart:


- Dalcindo

[3xBuBu]

enjoy your
snowboard with your wife
and have a happy Valentine's Day :-)

[dalcindo]

Re: $SPX, VIX:TRIN:

After showing that it can stomp and remain over its 200-daily EMA, $SPX has now broken over and remained over its 50-daily EMA line.

Pretty bullish. Almost makes me want to root for that index. Go SPX?!?

Still lots of hurdles overhead, IMHO.

$SPX - 12-Month, Daily Chart:


- Dalcindo

[3xBuBu]

QQQQ Mar 2010 44.000 call
(QQQ100320C00044000)

#MSG-35199995

[dalcindo]

Re: SPX & Direxion Bulls ETF's- Second Attempt at 50% Fiby: BEARISH

This past week, SPX has not been able to retake some ground it had lost the week prior. That decline occurred at the all important 50% retracement level based on Fibonacci grid construction between the HIGH of OCT 2007 and Low of MAR 2009.

In fact, the highest retracement achieved a high this past JAN 2010, thus defining a significant overhead resistance line drawn in the chart below.

A lot of bearish development is resurfacing in the US and world-wide markets, all acting significantly on the definition of a new bearish channel described in both charts below:


SPX - 10-Year, MONTHLY Chart:



$SPX : Direxion ETFs Relative Strength - DAILY Chart:



- Dalcindo

[dalcindo]

Re: SPX: Direxion - Bearish channel validation:

A quick note of revision on the SPX chart below: I added a new bearish channel based on validation points and correlation with secondary indicators.

Of note:
1 - TNA (SPX's Small Cap ETF) marks a double-top at current value (here, expressed in relative strength with SPX);
2 - ERX (SPX's Energy ETF) is nearing its resistance line overhead (orange dashed line);
3 - FAS (SPX's Financials ETF) is striving to remain over support level (based on prior resistance and break-through);
4 - BGU (SPX's Large Caps ETF) is testing prior support level (from last week of DEC 2009).

OVERALL - SPX and its constituent ETFs are at or near pivotal areas. If these areas get violated, a new trend should emerge, which could easily be considered a renewed bullish momentum. However, if these points are not violated, this should reinforce the recent bearish sentiments of a continued downtrend, IMHO:

Direxion ETFs Relative Strength - DAILY Chart:


- Dalcindo

[3xBuBu]

SPX getting close to your DT channel

[I Like Bottom Fishing]

TABLE: Unconfirmed Earnings Expected Wednesday, Mar 3

Wednesday, March 03, 2010 06:30ET

http://www.knobias.com/individual/public/quote.htm?ticker=CRXX

http://www.knobias.com/story.htm?eid=3.1.17e1d02fec774bb5dec6ea1c3153161678fa8d32aac365e6b8df049099606e9c

Based on historical evidence the following companies are expected to report their quarterly earnings on Wednesday, March 3, 2010. These companies have NOT confirmed these dates.

SYMBOL  COMPANY                                   PERIOD  WHEN   EST/REVENUE  EST/EPS 
 ------  -------                                   ------  ----   -----------  ------- 
 ACLID   American Commercial Lines, Incorporated     Q4     DMH      $196.98M    -0.10 
 ADGE    American DG Energy Inc                      Q4     DMH           n/a      n/a 
 ADVC    Advant-E Corporation                        Q4     BMO           n/a      n/a 
 ALG     Alamo Group Inc.                            Q4     AMC           n/a     0.30 
 ALLI    Allion Healthcare, Incorporated             Q4     DMH      $105.33M     0.13 
 ASI     American Safety Insurance HOldings          Q4     AMC       $48.51M     0.49 
 BYFC    Broadway Financial Corp                     Q4     DMH           n/a      n/a 
 CHTP    Chelsea Therapeutics International, Ltd     Q4     AMC        $0.00M    -0.23 
 CNIC    Copernic Inc.                               Q4     AMC           n/a      n/a 
 COST    Costco Wholesale Corp                       Q2     BMO   $18,573.96M     0.72 
 CRXX    CombinatoRx, Incorporated                   Q4     BMO           n/a      n/a 
 DDMX    Dynamex, Incorporated                       Q2     AMC      $101.37M     0.26 
 ELMG    EMS Technologies, Inc.                      Q4     BMO       $85.37M     0.10 
 INSV    InSite Vision Incorporated                  Q4     AMC           n/a      n/a 
 LZR     Emergent Group Inc                          Q4     BMO           n/a      n/a 
 MIDD    Middleby Corporation                        Q4     AMC      $152.93M     0.85 
 ONCY    Oncolytics Biotechnology, Incorporated      Q4     BMO           n/a      n/a 
 PBIO    Pressure BioSciences, Incorporated          Q4     DMH        $0.42M    -0.36 
 SHEN    Shenandoah Telecommunications Company       Q4     BMO       $40.42M     0.25 
 SPNS    Sapiens International Corporation N.V.      Q4     BMO           n/a      n/a 
 SVLF    Silverleaf Resorts, Inc.                    Q4     AMC           n/a      n/a 
 UFPT    UFP Technologies Inc                        Q4     BMO       $28.20M     0.22 
 WIRX    Wireless Xcessories Group Inc               Q4     AMC           n/a      n/a 
 ZAP     Zapata Corporation                          Q4     BMO           n/a      n/a 
 ZPCM    Zap.com Corporation                         Q4     BMO           n/a      n/a 
  
 BMO = Before Market Open 
 DMH = During Market Hours 
 AMC = After Market Close 
 UNK = Release Time Unknown 
  
 Consensus estimate data provided by Multex.com, Inc. 
 Visit Knobias.com for more indepth earnings information. 
  
  Public Companies Associated with this story: 
 ACLID 	ADGE 	ADVC 	ALG 	ALLI 
 ASI 	BYFC 	CHTP 	CNIC 	COST 
 CRXX 	DDMX 	ELMG 	INSV 	LZR 
 MIDD 	ONCY 	PBIO 	SHEN 	SPNS 
 SVLF 	UFPT 	WIRX 	ZAP 	ZPCM

Knobias Subject Codes Associated with this story:
Earnings Release Markets/US

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