s7c's  Instablog

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I'm from Romania, living now in Chicago. i have an engineer degree but i'm interested in more freelance opportunities type of business. so with that in mind i started to trade options...my analysis is based on the "psycho-technical" side(Auction Market Theory, Volume Spread Analysis, Wyckoff,... More
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  • Potential Ideas For Next Week 0 comments
    Apr 21, 2013 3:29 PM | about stocks: MSFT, GLD, SLV, JCP, IBM


    ->big gap after earnings, which found more initiative sellers during Friday. the highest volume seen in a while!

    ->potential demand around 185$ area.


    ->another gap after earnings, with some degree of hidden sellers.

    ->watch closely 30.20$ area for more clues, chances for a nice potential trade are significant.


    ->we are in the biggest down wave since we started the up trend, this could imply a potential reversal or maybe just a retracement which implies a continuation up. either way once is clear, it's a nice trade opportunity

    GLD, SLV

    ->bot had a very large down moves, the one in gold was the biggest in last 30 years.

    ->both days was testing on Friday for any sellers left and if this is confirmed next week we could see a nice up retracement, helped by the short covering which will be triggered.

    SPY, IWM

    ->both emini s&p and Russell ETF's are at demand area and could be a nice opportunity but for relatively low period of time, considering the context we are.


    ->i keep watching to sell the gas but i didn't get any confirmation when weakness appeared and frankly in don't get based on what price keeps continues to trade up.


    ->we are at long term demand area and we saw some buyers stepping in last week.


    ->another stock with nice up side potential, i look for that to confirmed next week.

    Stocks: MSFT, GLD, SLV, JCP, IBM
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