F

Hitting against a resistance zone at 12.00-12.30. Daily RSI just shy of 90! Weekly RSI>80. Should pullback to at least 11.70 and possibly to gap fill at 11.00

From Seekingalpha article (http://seekingalpha.com/article/181965-monday-options-update-ndaq-ands-f-eem)-

"Ford Motor Company (F) – As Ford sweeps up the awards at the Detroit Motor Show investors have swept its shares to above $12 for the first time since March 2005. The acceleration in the share price comes at a time when the Chinese market officially overtook the U.S. market as the world’s largest, thanks to successful domestic stimulus at a time when American sales slumped. Still, options trading patterns reflect the risks of getting long the stock as American equity prices struggle to grind higher. Today’s investor interest using options appears to be skewed to the put side. In the February contract volume of 10,000 contracts traded at the $11 strike at a price of 32 cents while more than twice that volume went through at the $12 strike for 70 cents. In the June contract exactly 1,000 contracts were bought for an 8 cents premium at the lowly $5 strike."