GS Chart - Broken Cup n Handle

Looks like earnings expectations were priced in..

GS down 4.5% for the day..looks like it may head lower still...

XLF at Open Interest support @ 29...

I want to post this before GS earnings, so I am not bias in my opinion...

Here is why XLF will close above 29 by friday...

There is to much open interest puts at 29 (38k calls vs 129k puts).

At $30 we are about even (106k vs 137k).
At $31 we are (120k vs 94k)
At $32 we are (124k vs 96k)
At $28 and below, its off the charts with puts to calls....

So, XLF can go to $31 by friday, but thats it, no more...

I wish I kept track of the open interest.. I was sure there was a ton more puts than calls, but now it appears its only the 29's and below that are heavy on the puts.

That said, those put options will expire worthless. So, XLF will most likely stay above $29, or will be a huge speculative buy below 29 this week.

This is where call options can go from $.05 to $2.50 in just a few days!

in other words...$50 investment can turn into $2500.

tb

BBH Chart - Biotech Holders

Alright Z,

Here is the BBH chart...It looks good at 160..But, we may be early..Cause, if market doesn't behave, we could head to 140...This is not based on fundamentals, but just based on plain ole charting of support/resistance..

Hope this helps..
tb

Summary of Index's/ETF's for week of 12/10

XLF[29.35] bullish divergence forming, ahead of GS earnings, I like the chances of a rally..

SPY[147.17], bullish..right on 50dma support, pullback from prior 2 weeks..

XLE[76.45] neutral...has room to go (80?), but forming topping pattern...bearish divergence..

VIX[23.27], neutral..attempted 25, but mostly around 23..Below 20 is BULLISH, above 25 is BEARISH..anywhere in between is whip saw..

QQQQ[50.97], neutral..falling MACD again this week..one more down week, and we continue lower..48ish..

INDU[13339], bullish, pullback from prior 2 weeks..rising MACD still..

SMH[32.67], bullish, pullback from prior 2 weeks..rising MACD still..

EWZ[80], bearish, dbl top, falling MACD.. looks like lower still..

IWM[75], neutral.. falling MACD for 2nd week...one more down week, and we confirm down trend...68?

HHH[58.97], neutral..falling MACD this week, closed at 50dma..

SLX[83.32] bearish divergence, double top...looks like a fall from here...

GS Chart - Bullish Cup n Handle forming

This is an obvious cup and handle...which is a bullish chart formation..

If LEH earnings were not as bad as expected, what might GS earnings be?

Um, probably per usual, good. The chart says they will do just fine...

LEH - Bullish Chart...Really?

Whats going on here? I thought we were all short LEH?
After they reported it fell, just like the media wanted you to do...
But then, it rallied...and now it looks poised for a move higher...

Hmm, ahead of GS earnings, this stock actually looks pretty good...

Dollar Chart - inflation measure