TLT

Earlier on in the week I said this could possibly bounce and reconnect with the weekly 5ema and that's exactly what happened.

5/27 inside days

Some inside bars to watch for tomorrow.

LNKD

LNKD looked good today, forming an outside day.  Going to be eyeing some calls at the open tomorrow.

VIX

Overall, should have seen this pullback coming with the VIX at $11-$12.  

LNKD

Still watching this for possible upside. LNKD showed decent strength in a down-tape, ending the day -.22%.

If this decides to find legs then I may try for a weekly 5ema reconnect.

Recap

PCLN - broke out of triangle and tested 50ma / 1195.49 support.

TLT - Wish I played this but was too busy watching others.  I am trying to avoid buying puts.  This would have been a great play on calls.  Approaching 122.96 resistance and also getting close to reconnecting to weekly 5ema.

Recap

So a little recap... The market got melted today.

AAPL - I thought this could see more upside however this puked through support 130.91 and made a touch on the ascending trend line.

FB - This went ahead and broke Friday's low, then tested the 79.46 and melted through that.  Noting gap below as well as 200ma / ascending trend line.

VIX

Approaching support here.

FB

Couple things of interest on this.

Weekly - 5/11 printed outside week, but price was unable to break out week of 5/18.  Instead it printed an inside week.

Daily - Printed pin bar on Friday 5/22, rejecting 81.18 resistance as well as 50ma.

I have a couple hypos - I think that if price can make it above 81.89 then it has a shot of hitting the upper descending trend line, ~82.95.

However, if price takes out Friday's low I think we could see it test Wednesday's low of 79.46, which happens to be the low of the weekly inside bar.

If it falls further, I think it could make an attempt at the 5/14 gap where it could bounce, or just keep falling to test the daily 200ma and ascending trendline.

It's taken a while to burn into my brain that puts during a bull market are not the greatest idea most of the time so I think it'd be best to see if FB takes out overhead resistance, or wait until it bounces somewhere.

Of course, there's always the chance that none of this transpires and FB does something completely different, which is probably the most likely scenario lol.

Option OI for 5/29 expiration

OI for main stocks I follow: AAPL, FB, GS, IWM, QQQ, SPY, VXX

I've been following OI for about a month now as I'm deciding if I want to make it part of my regular stock homework routine.  Needs more research at this time.

TLT

Weekly - buying tails coming in at the 50% fib which is also support from Aug 2014.
Daily - MACD cross

Could see this bounce try and reconnect with weekly 5ema.  Resistance at 122.97

PCLN

Flagging over 50ma and reaching apex.  Gap overhead, support below at 50ma and 1195.49.

LNKD

Weekly - hit trend line and bounced.

Daily - MACD cross and close above falling wedge.  

I think this could make a run to reconnect with the weekly 5ema (green moving average), with resistance at 204.29 and 209.5

AAPL

AAPL looking strong and momentum is to upside.  I think it could test 133.58 and if it keeps going then try for 134.54

BIDU

Last week I went long 5/29 205calls on the break of the weekly tweezer bottom.  Entered at .31 and out at .59.