ADBE facing resistance could revisit 334-332 as first support leADBE facing resistance could revisit 334-332 as first support level
ADBE
ADBE facing resistance at 336.25 may see some pullbackADBE facing resistance at 336.25 may see some pullback. First downward target 332, if does not hold 332, could get ugly in the rage of 320-313
THE WEEK AHEAD: ADBE, ORCL EARNINGS; GDX/GDXJ, USO/XOP/XLE, EWZEARNINGS:
ADBE (89/65) and ORCL (77/60) both announce earnings on Thursday after market close and have the metrics I look for in earnings-related volatility contraction plays (>70% rank; >50% 30-day implied).
Pictured here: a short strangle paying 11.65 at the mid price camped out around the 16 delta. Its defined risk counterpart: the 265/275/395/405 ten-wide iron condor pays 2.46. Off hours markets are showing wide, so look to price setups out during the regular session.
The delta neutral ORCL April 17th 40/55 short strangle pays 1.45.
EXCHANGE-TRADED FUNDS WITH EXPIRY IN WHICH THE AT-THE-MONEY SHORT STRADDLE PAYS >10% OF THE STOCK PRICE:
GDX (99/51), April
USO (97/66), April
GDXJ (96/58), April
XLE (97/75), April
EWZ (92/52), April
XOP (92/51), April
TLT (91/41), May
EWW (91/48), April
XLU (90/43), June
SMH (84/56), April
FXI (65/33), June
BROAD MARKET WITH EXPIRY IN WHICH THE AT-THE-MONEY SHORT STRADDLE PAYS >10% OF THE STOCK PRICE:
EFA (87/37), June
QQQ (83/43), April
IWM (82/46), May
SPY (78/41), May
EEM (70/37), June
FUTURES:
/CL (97/65)
/GC (84/25)
/SI (70/30)
/NG (65/48)
/ZS (30/19)
/ZC (21/22)
/ZW (13/27)
VIX/VIX DERIVATIVES:
VIX finished the week at 41.94, so it has been a rough ride for shorters who were in plays before this volatility expansion (points to self). The basic watch word is "patience"; volatility will abate at some point in time ... .
ADOBE INC (ADBE) is near the Key Historical Level!The price is near the Key Historical Level 313.00.
The best place foe open Sell will be under that level after the false breakout.
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$ADBE Gap AnalysisADBE Gap analysis. Strong gap. It did gap abover 100 SMA on daily and holding that level pretty good. Possible to test ATH before earnings.
ADBE Correction BouncesCorporate buybacks struggle against heavier rotation by Dark Pools. ADBE steps downward to bounce at support levels.
ADBE Short since yesterday's closing Target $262ADBE Short since yesterday's closing Target $262, broke support yesterday. Earnings around a corner may get pushed another 10% down if the report is not satisfactory.
ADBE long setupADBE’s innovation outlook is trending up based on a current score of 77 out of 99, outperforming sector average. Jobs growth over the past year has decreased and insiders sentiment is negative. ADBE is an Outperformer in terms of sustainability. It is most exposed to WPP plc as its supplier. Over the past 4 quarters ADBE beat earnings estimates 3 times. For more analysis and articles visit our website .
Adobe touching the top of the channel. I'm initiating PutSpreadADBE
Touching the top of my channel, on low volume. Move today isn't valid IMO. Opened short term putspread.
ADBE Gaps Over Short-Term ResistanceADBE gapped over a short-term high resistance area and moved up on a velocity run. This is a new all-time high for ADBE.
ADOBE near buy pointAdobe yesterday reported financial results for its second quarter fiscal year 2019 ended May 31, 2019. The after hours price is around 288.50 (+4.23%). Watch 291.81 as a buy entry if the stock breaks out with high volume.
Adobe: One last round of volatility before the new bull run.Adobe Inc is pulling back inside a 1D Channel Down (MACD = -0.030, RSI = 51.065, Highs/Lows = 0.0000) after the late April High. Having made a Golden Cross formation in mid March, is waves a long term buy signal. But on the shorter term a tough phase is expected where the 1D MA200 should be tested again, most likely providing the necessary support for the new long term bull cycle.
At least this is what happened on the last occurrence of the Golden Cross in in 2012. Golden Cross, then a market Top, same break below the MA50 inside a Channel Down and multiple tests of the MA200 which eventually held. Our long term TP for Adobe is 310.
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ADBE : Long opportunityADBE just had a positive ER for this quarter.
This stock gapped up after earning report, filled the gap a few days later as a result of profit taking.
ADBE has managed to hold above resistance-turned-support line in the mid of bloody red market after Trump's China Tariff tweet.
It will most probably bounce higher for the next few weeks.
$ADBE Adobe, resistance turns in to support, $300 incoming$ADBE Adobe, resistance turns in to support, $300 incoming
ADBE: bearish signalOn the daily chart of Adobe shares, a bearish divergent bar was formed after a 5 sub-waves structure in the latest bullish wave. I expect an ABC corrective movement, which would be my profitable zone.
Open a PUT Option or SHORT THE SHIT out of $ADBE | #Adobe! Open a PUT Option or SHORT THE SHIT out of $ADBE | #Adobe!
