Talk about symmetry. Right now it’s real simple. Trend channel support is the lower green line. Trend channel resistance is the top green line at about 210-212. A retest of the recent highs is 205 so to the upside those are places where we’ll have to deal with some issues.

For those of you who bought the December 165 Calls the clock is ticking. From the opening volley of the “In the Face Of Fear” trade trigger alert the other day this issue for you is now sporting a move from 20.95 to about 30.45 That’s a huge gain in the short term no matter who you are.

So where to from here? All we know is where the technical support and resistance levels are, actually that’s all one ever needs to know when trading stocks.

As an aside from what we understand there are 11 million shares short this issue, but that doesn’t mean they are all going to cover. And the index funds have 5 days before this issue is in the SPX. What remains to be seen is whether we’ll have an upward bias from now till then.

That also by the way is right smack dab into options expiration for December.

And right behind NFLX is ZAGG and then CIS — all of this while the indexes continue to consolidate and chew here with an upward bias. No complaints out of us and from the many we’ve heard from either as those NFLX call options have been screaming!

ZAGG

That crossover of the pink line was all you needed to know. One could say it was also the “Coming Up The Right Side Of Cup” crossover.

CIS

By David Grandey

www.allabouttrends.net

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David Grandey is the founder of All About Trends, an email newsletter service revealing stocks in ideal set-ups offering potential significant short-term gains. A successful canslim-based stock market investor for the past 10 years, he has worked for Meriwest Credit Union Silicon Valley Bank, helping to establish brand awareness and credibility through feature editorial coverage in leading national and local news media.

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

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