Next week into the week after it is looking favorably well for companies; Facebook (FB) Apple (AAPL) Netflix (NFLX) and Google (GOOGL) / FANG.
Having a week long sideways action in AAPL, it finally decided to move late Friday - 3/11/16.
As we take a look at the charts we can see strong volume levels needed to push the next week up, along with RSI showing potential and trend to the upside continuously along with the MACD holding or just now crossing over with good bullish momentum.
Notes: MACD crossover was weak along with bearish momentum compared to the average volume of bullish with the last candle stick being pushed to the upside. Still room to hit the 110 resistance.
Notes: Ichimoku showing resistance in the current area and specifically at the 105 price. MACD is strong with volume and momentum. Event March 21st will be a factor to consider along with the swing of the down trend coming into April's earnings. RSI also showing uptrend. (Current positions for MAR & APR Long Call 110 Options).
Notes: RSI showing good uptrend however MACD is a little concerning as the momentum is slowing down and transitioning into a possible bearish followed with entering into the cloud. If candle breaks the current trend up and continues down, the trend could follow the cloud bearish to mid to lower 90's into April. 50 MA also just crossed over the 200 MA. Bulls need to start pushing more within volume before we see NFLX improve.
Notes: RSI has slowly bounced off the 50 mark however has now broken past and looks like an uptrend in RSI, MACD coming into bullish momentum with strong volume levels. Also has broken the 741-742 area of resistance and looks like to continue to 750 before seeing any more resistance. Cloud also has a peak of bullish area showing it could continue to pop through. 50MA has also been surpassed. The continued candle pattern of bulls might has 1 pull back but IMO the trend up is looking more favorable.
Current positions are for only AAPL for now.
Other resources:
http://www.benzinga.com/analyst-ratings/analyst-color/16/03/7671049/hedge-funds-now-strongly-bullish-on-oil
http://www.benzinga.com/analyst-ratings/analyst-color/16/03/7666244/apple-is-making-a-rare-move-with-its-march-21-event
http://finance.yahoo.com/news/fang-performed-7-bull-market-192120109.html
How do you go about creating a watch list for options? Do you look at high volume options? High volatility options?
@Daniel_Ratcliffe I primarily look for high volume traded stocks. I also look for ones that move (volatility) in terms of moving 1 to 2 points daily. Googl is a definite mover sometimes 20 points in a day. Pick up on their trends throughout daily, and weekly time frames etc.
I would also check their differences in delta's. If they are closely split between bid and ask you will be good in terms of movement and profit. If the two are further in price, then it will take bigger and longer moves to gain profit.
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