Today's Market overview- July 29

My ATHR was keeping the down trending before noon ,and maximum down 7%, which brought up the profit for the put 40% more.

Currently the volume is 3 time higher than the average. After market trading price is keeping down.

From the chart, it s closed above the BB lower band,even though the intraday broke the BB. STO at the bottom, STORSI at the bottom, MACD just cross over the dead cross. High volatility today for a price range from mid 24 to 27.25.

I will keep close look at this one and if profit above 50% by tomorrow, will close the position.

Market Recap: Stocks Slip on Weak Durable Goods Data, Downbeat Beige Book - June 28

Market Recap: Stocks Slip on Weak Durable Goods Data, Downbeat Beige Book (Schafferresearch.com)

The DOW down for 40 points, or 0.4%. S & P down 7.7 points or 0.7%. NASDAQ 1% down.

My ATHR starts its down trend today, by close it went down 1.61 or 5.61%, with no significant news, big sell off today. As noticed, if the price broke 28, it is a free fall. The low BB band is around 26.65. Let's see how far it can go.

The only divergent is the mismatch of the STO and MACD. Big price drop with above average volume. a good indicator for the weakness of the stock. The 52 week lowest price is 23.56. 3.5 dollars more above that.

Today's market summary - July27

Today's consumer confidence drop (- ) and bunch of ER (+) cause the market flat and closed slightly low.

After three days up with a flat today, the market is still positive. Tomorrow will be a key day,, if up, up trend may continue,, if down, the pull back may start up.

Let's wait and see.

My position - ATHR put didn't change too much because ATHR is only 0.08 down, which is nothing and very boring. I will do a detailed analysis after tomorrow.

Today' market - July 26

Today market goes up 1% again, a positive reaction to the new home sells. All index hit higher high today.

ATHR up today.. Not good for put or short position as of right now.

Set up the put for ATHR and didnt cancel, today got the position in put.

Will see how it goes.

Market is kind of overbought,, and should have a pull back, but don' t what will happen after the pull back, higher or lower?

Particularly for ATHR, the Chart shows weak as I mentioned earlier. Let's wait and see. As always, stop loss at 30%.

It is very dangerous now to against the market trend. Or tomorrow I may have to flip the hamburger at the Berger King.

Possible short position or buy puts for next Monday - ATHR

( americanbull.com)

ATHR traded 5.2% lower 3 days ago last week. Last Friday it is trading at $28.03. The stock has been drifting higher over the past ten trading days and is currently trading downside.

From the candlestick, it s confirmed sell signal formed by last Friday.

"Bears are getting stronger. The market hesitated a bit, but finally confirmed the bearish pattern with a one day delay. It opened today with a gap-down and the day’s activity resulted in a close lower than the open. This is a valid bearish confirmation." ( Americanbulls.com)"

Options overview:

(http://www.mysmartrend.com/news-briefs/news-watch/option-pros-looking-big-move-atheros-communications-athr)

The call volume today is 10,077 contracts, which is 1.9x the average daily volume of 5,301. The put volume is 7,103 contracts, which is 4.4x the average daily volume of 1,625. Heavy volume in both puts and calls suggests that traders are expecting a big move but are unsure of direction.

1. Stock Overview (Google)
2. 
   
3. Range 27.97 - 28.93
4. 52 week 23.56 - 43.90
5. Open 28.77
6. 
   
7. Vol / Avg. 3.62M/2.76M
8. Mkt cap 1.96B
9. P/E 18.45
10. Div/yield -
11. EPS 1.52

Sales*	795.24 Mil
Income*	103.68 Mil
Sales Growth*	+14.80%
Income Growth*	NA
Net Profit Margin	13.04%
Debt/Equity Ratio	NA

Financial highlights (MSN) CAP : 4 out of 5

NEWS (Q2 Earing - July 19)

July 19 (Reuters) - Wireless networking chipmaker Atheros Communications Inc (ATHR.O) posted better-than-expected quarterly results, but revenue from the PC segment fell 10 percent sequentially due to uncertainty in European markets.

Chart Reading

Last Friday, the price went down with increased volume. EMA are heading down, with short term blow intermediate and longer term MA (5, 14, 20 days).

STORSI, MACD heading down.

A good chance for short the stock for next week.