$SPX . Watch for kumo breakout.

$SPX may be at a cross road soon. On the Ichimoku Daily Chart, we can see that 1. A Tenkan sen – Kijun sen bullish cross has already took place. 2. The Chikou Span is now challenging the resistance from the price level and the Tenkan sen and Kijun 3. However, from the kumo resistance,… Continue reading $SPX . Watch for kumo breakout.

$AMZN . Right at the kumo.

$AMZN price level is currently right at the kumo. The kumo is very thin now; suggesting that there is very little support below or resistance ahead. However, the Ichimoku chart is also showing a small kumo twist suggesting bearish move ahead. Vested with a SHORT APR CALL spread. Bearish. Note: There is also a Bullish… Continue reading $AMZN . Right at the kumo.

Netflix (NFLX) : Kumo resistance

Having break kumo support couple of days back on July 28, NFLX is now making an attempt to turn the trend around. Part of this rally is made by calls from Morgan Stanley and Piper Jaffray that NFLX will hit a target price of $140. On my part, I will admit that I do not… Continue reading Netflix (NFLX) : Kumo resistance