Friday, September 18, 2015
Thursday, September 17, 2015
Wednesday, September 16, 2015
Is a Time-Shifted #SPX 2011 a good Analog for $SPX 2015?
August 25th was the 2015 climatic sell-off low. In the chart above, it is shifted back by 2 weeks to plot as August 8th, which was 2011 climatic sell-off low. Look at the correlation so far this year with this shift. BTW, that puts the projected tradable low for 2015 at Tuesday, October 20 +/- 1 day.
#GPRO Bias Update and Levels for Wednesday, September 16, 2015
For GPRO I cannot
get bullish until a Daily close above Daily center Sigma +41s, and in order to reach 41s
GPRO must first get through resistance at 38s
and also get through the low volume area (LVA) just below 40.10.
Unless getting and holding above 41s post the FOMC rate decision GPRO is likely certain to test the IPO price at 28s and possibly lower to the -3Sigma target
at 21s once/if breaching below 31.35.
Ethan
Premock
Futures & Options Strategist Hamzei
Analytics, LLC
#TSLA Bias Update and Levels for Wednesday, September 16, 2015
Like NFLX TSLA is also
on the move to the upside ahead of the FOMC rate decision and if holding above 255s/54s TSLA has potential to reach 265s/66s then 270s pre-FOMC. If so and if Long TSLA the 270s target is the
spot (if reached) to consider scaling some profits &/or getting some protection on to protect profits via short-term Puts.
The TSLA Daily
+3Sigma target is currently at 277s but
unlikely to get achieved before FOMC tomorrow which is why the need for protection
might be needed at or just below 270s
if the rate decision does not favor more upside for the overall market.
If below 255s/54s
either pre or post FOMC rate decision the line in sand (LIS) for TSLA
is at 248s-243s zone which includes
Daily center Sigma and is a must hold in order to have chance of reaching the +3Sigma
target at 277s post FOMC.
Ethan
Premock
Futures & Options Strategist Hamzei
Analytics, LLC
#NFLX Bias Update and Levels for Wednesday, September 16, 2015
On Monday I was thinking
NFLX would remain in more of a sideways pattern between 97s and 93s ahead of the
FOMC rate decision but instead NFLX is
now on the move above 97s.
On Monday I also mentioned NFLX would have to get and hold above Daily center Sigma at 105s to breach the current downtrend
post the FOMC rate decision, which is still case.
In order to now reach Daily center Sigma at 105s NFLX will need to either get above first resistance at 103.20 and/or hold above last week’s
value area (VA) +101.30 with 97s as line in sand (LIS) post FOMC
tomorrow. If not -3Sigma will become a target at 80s once/if first below the 84.30
support.
Ethan Premock
Futures & Options Strategist
Hamzei Analytics, LLC
#AAPL Bias Update and Levels for Wednsday, September 16, 2015
AAPL is still
holding above last’s week’s value area high (VAH) +113.30 post Monday’s iphone sales headline and now seems to just be
stalled while in wait mode for the FOMC rate decision.
If not for the potential of a rate decision game changer tomorrow
my bias would be in definite favor to the Long side while holding above Daily center
Sigma and last week’s value area low (VAL) at 111s/110s; with potential to reach the first resistance I mentioned
on Monday at 122s, which is also a
+3Sigma target.
However unless above 125s/126s
(if a breach above 122s post rate
decision) my bias will definitely flip to bearish with potential to reach the
-3Sigma target at 101s/100s
especially once/if below 109.50 then
below the low volume area (LVA) at 104s.
Ethan Premock
Futures & Options Strategist
Hamzei Analytics, LLC