Get started

Google (Alphabet)

Bears Put On Notice As Stock Market Finds Fresh SupportAbove the 40 (March 11, 2019) – Bears Put On Notice As Stock Market Finds Fresh Support March 11, 2019 by Dr. Duru AT40 = 63.0% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 41.8% of stocks are trading above their respective 200DMAs VIX = 14.3 (10.7% drop) Short-term Trading Call: bearish Stock Market Commentary The stock market’s scramble for support worked bigtime today. In my last Above the 40 post, I described the dilemma facing my flip from cautiously bearish to bearish for my short-term trading call. The stock market wasted no time in forcing me to stay my hand right in the middle of the rule I established to guide bearish trades: wait for a breakdown or a test of key resistance. Bears like me were clearly put on notice with today’s trading action. It looks like my next bearish trade will be at a test of resistance. If THAT resistance gives way, then I will be forced to flip neutral and watch the stock market go right back into an extended overbought trading spree. The S&P 500 (SPY) soared 1.5% as it leaped over its 200-day moving average (DMA) in picture-perfect form. {The S&P 500 (SPY) gained 1.5% as it reached for its last high which is now the next resistance level.} The NASDAQ (NDX) did the S&P 500 one better by gapping up and through its 200DMA and closing with a 2.0% gain. The tech-laden index tapped the lower bound of its upper Bollinger Band (BB). {The NASDAQ (NDX) gapped up strongly enough to put it within a day's rally of testing its last high.} The volatility index, the VIX, underlined the rush back into the market with a 10.7% plunge well below the 15.35 pivot. The move was a perfect continuation of Friday’s fade. My only new bearish trade on the day was to triple down on my Pro Shares Ultra VIX Short-Term Futures ETF (UVXY) call option (needless to say I cycled through some other call options which are accompanying short shares!). These UVXY calls expire on Friday, so they are even more speculative than usual. {The volatility index, the VIX, headed straight toward its recent lows in a sharp extension of the previous trading day's fade.} AT40 (T2108), the percentage of stocks trading above their respective 40-day moving averages (DMAs), confirmed the rush back to “risk-on” trading by leaping from 54.1% to 63.0%. Suddenly, my favorite technical indicator is within sniffing distance of overbought levels (above 70%) all over again. In my last post, I noted how AT40’s rapid drop the previous 3-5 days generated a condition that “felt” oversold. I never even thought about trying to trade that “quasi-oversold” condition from the long side. If I had, I would have taken profits as quickly as I took last week’s profits from new bearish trades. Now, as bears sit up straight and take notice, I will be watching to see how the S&P 500 (SPY) challenges its 2019 high, a high that was set on the first day of the month. Stock Chart Reviews Apple (AAPL) My bearishness restricted my weekly play on Apple (AAPL) call options to a single call. My very optimistic profit target of a double was exceeded with a close with a triple….and AAPL was just getting started. The stock made a definitive statement with a close on its high of the day and a new 3-month high. As I like to say, it is hard to stay bearish when AAPL is in rally mode. So, AAPL has put me on notice that the S&P 500 is likely to soon, and easily, challenge its 2019 high! {Apple (AAPL) jumped 3.5% to close at a 3-month high.} Alphabet (GOOG) Alphabet (GOOG) gained less than AAPL did, but the stock looks more impressive. GOOG broke out to a 5-month high and confirmed 200DMA support. The stock looks like it built a strong base from the wide consolidation underneath the 200DMA. GOOG is a buy-the-dip stock now, so it will NOT be on my list of stocks to short unless it drops below its 200DMA again. {Alphabet (GOOG) soared 2.9% and closed at a 5-month high.}
SP:SPXShort
by drduru
#GOOGLE,GOOG (Alphabet Inc.) Analysis+SignalAs we can see in the graph, we have returned to the buying trend for several days already! We recommend entering a Buy position for several reasons with a very specific target: 1. The price crossed the moving average 200 (Buy Signal) In the daily graph 2. The price crossed the Kijun Sen In the weekly graph 3. The price will seek to reach a psychological goal to test the power of buyers found in 1180 see the graph above Buy Google Entry Price:1123 Take Profit: 1180
NASDAQ:GOOGLong
by xosignals
SPX Crucial support at 28.62If this doesn't hold, say bye bye to a positive EOY. In my opinion, with the exponential gains of the #FANGS, GE downfall, trade frustrations, etc etc, it is a great time to short this right here. Pick your poison. GE short has done well for me so far, but don't fall in love with one chart and not see greater potential. AMZN and NFLX primed for disaster, among others. Mid caps fall faster than large caps in a downturn, generally. Keep that in mind. Happy shorting. FB AMZN NFLX GOOG
NYSE:SPXCShort
by Win219