Monday, July 13, 2015
#AAPL Update Bias and Levels for Monday, July 13, 2015
Last week it was mentioned #AAPL could be a very good tell for the overall US stock
market during
the 2nd half of the year if leading the indexes above/below and out
of the current seven month range. However it is highly unlikely to see a
meaningful breach of the range with earnings approaching especially now that #AAPL is currently bouncing from last
week’s low at 119s.
When #AAPL reached the
120s-118s target zone last week the 60min Sigma & CI indicator did confirm #AAPL
was getting oversold at -3Sigma (bottom of Sigma channel) but #AAPL will now
need to get above first resistance at 125.80-127.55
zone and/or remain above 122.40-121.90
zone in order to avoid a retrace/retest to 120s/119s.
I am still very much in the belief that unless earning are
blowout due to better than expected iWatch sales #AAPL will have a hard time finding new buyers above 135. See July 9th 2015 #AAPL post by clicking on "older post".
If #AAPL is unable to get a new wave of buyers post earnings and if breaching the ranch to the downside the next lower target that will be on the radar is at 115s/114s.
Ethan Premock
Futures & Options Strategist Hamzei Analytics, LLC
#FXI Update Bias and Levels for Monday, July 13, 2015
Last week 43.20-43.75
zone was mentioned as a possible entry for a new #FXI swing Short.
Strategy is to scale in #FXI Puts with a final add at 43.75 then out. If stopped out just
above 43.75 the next area to
re-consider the swing Short is at 45.05-45.90
zone.
Ethan Premock
Futures & Options Strategist
Hamzei Analytics, LLC
Thoughts and #CL_F Levels for Monday, July 13, 2015
CLQ5 swing
bias remains at neutral while above 51s;
however with 51s holding again
during the Sunday overnight (OVN) session and also pre-market odds are favoring
an upside move to at least the first resistance at 53.50-53.80 zone. If above 53.80 today or this week 54.70-55.10 zone will then be on the
radar.
If CLQ5 does push
below 51 I will expect upside to temporarily be negated but even so the downside could be limited to 49.50-47.75 zone which means it will likely be better to consider
new Shorts from higher levels rather than on a break below 51.
Ethan Premock
Futures & Options
Strategist
Hamzei Analytics, LLC
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