Enlarge any chart by clicking on it.

Unless otherwise specified, ALWAYS use the 15min chart to enter my recommended plays because
CONFIRMATION is a MUST.
In other words, you need to see a 15min candlestick that CLOSES beyond
the entry point, then enter when it moves 10cents after the high/low of that candlestick.

Tuesday, August 5, 2014

SPX

DIS EARNINGS PREVIEW:
Reports after the close tomorrow. Fundamental = 8.5 out of 10 (bullish). Also, it has beaten earnings eleven of the last twelve reports. The only exception was in line with expectation.
Technically it is bullish. See DIS-DAILY chart below.
This means that I will buy September Calls.

EOG EARNINGS PREVIEW:
Reports after the close tomorrow. Fundamentally it is 10 out of 10 (very bullish). Also, it has beaten earnings ten of the last eleven quarters.
Technically it is bullish. See EOG-DAILY chart below.
Given that both the technicals and fundamentals are bullish, I will buy September Calls.

FSLR EARNINGS PREVIEW:
Reports after the close tomorrow. Fundamental = 4.5 out of 10 (bearish). Also, in the last four quarters we have seen miss-beat-miss-beat pattern for both earnings and revenue. So based on alternation, the next one should be a miss (for the pattern to continue). Even the fact that there is such an alternation indicates weakness for the company. It has missed earnings seven times and revenue nine times in the last fifteen quarters. Not good. They raised guidance the last nine eleven quarters but I don't know why since they miss their target every other report. False confidence I guess.
Technically it is bearish. See FSLR-DAILY
So, based on fundamentals and technicals, I will buy September Puts.


DIS-DAILY


EOG-DAILY


FSLR-DAILY


SPX-DAILY III


SPX-DAILY II


SPX-DAILY I


SPX-30MIN


SPY-15MIN