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CRM

SPY $381: could push to $383+ as CMF & Momentum remain strongI was wrong in calling corrections at 370 (of SPY), looking back, at the time STOCH/RSI still pointed upwards and CMF was very positive and still is. Where do we go from here? Based on the trend line and momentums (RSI still has room) and squeeze is yet to fully fire to upside, I could see we continue to push higher to at least 383+ possible 385. It is however likely short-lived so the strategy remains the same: prepare for a correction with Cheap Put Butterfly. Jan 29 Put Butterfly 375/360/345 Feb Put Butterfly 375/360/345 Much that I like to call a correction after a long extended rally, I am mindful of the fact that money supplies have grown so much in the past few years and there are no easy investment alternatives elsewhere (bonds, Golds, and TLT all-seeing huge money outflow, and into equity). So the tide goes up with the ocean wave. After all, Equity is the place to be. I would not be hugely short but mindful of the fact corrections are inevitable so be conservative until better entry arrives. If and when corrections occur, my shopping list would be TWTR, CRM, BB, PFE, FDX, COST, HD, and obviously the monopolies that continue to print money and control our lives: GOOGL AMZN, AAPL, and SPY as a proxy for the market which yields better than the treasury.
AMEX:SPYShort
by Jonas99
3
CRM Gap Filling$CRM has been in a strong and healthy uptrend since April, gapped up in August and hit all time high $284.5. The stock pulled back and filled the gap down and is currently at support level and had formed a pin bar on that level with decent volume. Currently looking out for a possible bounce at this support level and then open position for a nice swing play with $233 as profit target (next resistance level before the big move). PS: NOT A FINANCIAL ADVISOR, MAKE SURE YOU MAKE YOUR OWN RESEARCH BEFORE TAKING ANY FINANCIAL INVESTMENT DECISIONS. THIS IS MY OWN IDEA AND PERSONAL ANALYSIS.
NYSE:CRMLong
by osulor
CRM Gap Filling$CRM has been in a strong and healthy uptrend since April, gapped up in August and hit all time high $284.5. The stock pulled back and filled the gap down and is currently at support level and had formed a pin bar on that level with decent volume. Currently looking out for a possible bounce at this support level and then open position for a nice swing play with $233 as profit target (next resistance level before the big move). PS: NOT A FINANCIAL, MAKE SURE YOU MAKE YOUR OWN RESEARCH BEFORE TAKING ANY FINANCIAL INVESTMENT DECISIONS. THIS IS MY OWN IDEA AND PERSONAL ANALYSIS.
NYSE:CRMLong
by osulor