11/06/2017 Recap - members only

Markets: rallied Monday +.2% ish. Most interesting is oil which is finally filling an old technical breakout. Here is how the markets looked at the close chart

#IWM: was +.4% in the am faded into the close) BUT at an important level. prior support lost.... now fwd R? chart

#CL Crude oil: In light of the seriousness of the development in that region, the fundamentals of oil based on supply demand is overshadowed by the potential unease in an unstable SA/Iran/Syria(Isr) area. I think it could go to 70 or back to 50 depending on a headline. AND we have no clue of what headlines will come out. The Crown Price is a millennial.... chart

#PCLN: -6% after hours. They reported but guidance was bad. The conference call is ongoing so we shall see where they open. chart

#ORCL: this is a pivotal zone. they have had success and failure here. earnings are a coin flip so GUT is what will make u gain or lose in the short term. Here are the 2 possible price paths. chart

#DIS: had headlines today. Here are important levels to contemplate before chasing it. chart

#TMUS: fell hard on headline today. Last Thursday I told us to NOT be long TMUS and that 56 could come fast. Today... 55.3 chart

#TSLA: -1% and now in technical trouble. Although not a perfect head and shoulder pattern, this area here is a neckline of support. IF lost then 280 is the next zone of contention. Also there is an exodus of execs (per report). So caution is warranted. chart

Posted to Create Income with Options … on Nov 06, 2017 — 4:11 PM

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