Options and Stock Market Technical Chart Analysis for August 12, 2009 by Idan Koren

[SixPack4200]

well spy didnt gap down this morning, it just went down after the bell rang. played some puts for a quick profit this morning

[SixPack4200]

SPY right now at 101.82 pre-market. Things look like a go to the next channel, get your calls ready.

[u05ikoren]

not anymore huh? haha

[SixPack4200]

yeah, never trust the pre-market, always wait until real trading begins at the bell. i'll be anticipating the gap down in the morning, hopefully i'll be able to buy some cheap calls

[SixPack4200]

I've been following your videos recently Idan and your provide valuable information. What do you think about AIG puts? Do you think AIG will continue to slide down? I might buy some Sep puts.

[u05ikoren]

It was just wayyyy too overbought and had to sell off.. today's action was sort of bearish, but it wouldn't surprise me if we get one or two more up days before another potential push lower.

[u05ikoren]

SPX U looks to be forming a clear inverse H&S on the 10 minute.. if it falls underneath todays low.. i would get out... otherwise it looks to set up pretty well into the next few days..

[3dbeing]

I have Aug 60 strike calls for SPXU, so I figure I need a 4%+ move on SPX do you think I will get it by next week, or should I jump ship with the next 1-2%?

Also what does the DXY0

[3dbeing]

woops, what does the DXY0 intraday chart say to you?