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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
AMZN - Have we reached the top?Labeled some key levels of significance and used a fib retracement chart to estimate landing zones. Prior mini-tops retraced to about the .5 fib level. The larger cycle correction could also obey this level but may drag lower to the .618 range, which is why I gave a range for where the price could land. ~1600 is a key level of significance, if it breaks we will be going much lower. The real question is, can amazon reach ATH? Watch the volume carefully when we have the bounce back up. Should be good indicator for remaining bull strength.
NASDAQ:AMZNShort
by unaveragejoe
GOOG: AlphaBet A Defining Day Ahead AlphaBet GOOG Defining Day Ahead This turned a little tricky on Friday. A mean/invisible gap on the 15 minute chart and not even there on the 60 minute completely arrested the decline fully 8 bucks above the 1180.85 target line. The stop was then lowered to 1201 to protect what was left of the profit from any shorts from the 1206.28 line - the original gap line. The mofo then rallied right back up to kiss the gap line again and left a little spike at the line before falling back again. Looking at the chart in isolation this still looks bearish and it should fall away to make a proper test of the 1180.85 line. But it's going to move on news and right now in very near term hopes of a peace deal with China on trade could help GOOG gap up on the open and to jump the 1206.28 line in one bound. If so it has to hold up from there on any retest. Only then will Goog (and markets too) be out of clear and present danger. That looks best case scenario from here... As the chart currently stands Goog will remain vulnerable whilst trapped below the 1206.28 gap line. Whilst unable to break and hold above here then markets should also find difficulty in advancing further from this point. It's still weak whilst trapped inside the channel shown on the chart. Maybe it will open just around the gap line and maybe twitch either side for a little while - which way it breaks from there will be most likely decide the direction of major markets too. But on an overall view, this ended last weak looking weak still. Its only way out from here is to gap up and hold above that key gap line on retests. Right now GOOG looks like it will continue to be the bellweather for markets in general, the canary in the mine. Hopefully it will help to determine direction for Nasdaq and SandP and other majors and be as helpful as a confirming signal as it has tended to be in the past. For fastest updates on stocks and major markets please see link at top-left of main page.
NASDAQ:GOOG
by sumastardon
THE WEEK AHEAD: GOOG, AMZN, TWTR, NFLX, GLD, EEM, SPYTwo biglies announce next week: AMZN, on Thursday after market close, and GOOG, tomorrow after market close. I generally don't play these via options because they are not only large notionally, but options liquidity in them is fairly poor with wide bid/asks, making fair price fills difficult and/or subject to a lot of patient price discovery, which implies that exiting where you want may be problematic. I figured I'd nevertheless mention them, since they can arguably move the markets ... . One underlying in particular draws my attention for a potential earnings announcement volatility contraction play -- TWTR. It has the kind of rank/implied volatility metrics that I look for in these kinds of setups (rank 67/implied 62). It announces on Friday before market open, so look to put on any play you're going to do before Thursday close. Most of the other underlyings announcing have implied volatilities in the 30's or below Preliminarily, the August 3rd 38.5/48.5 short strangle pictured here pays 1.94 in credit with a 69% probability of profit, break evens of 37.56/50.44, delta of -.5 (neutral), a theta of 15.25, and a 50% max take profit target of .97. Since it announces Friday, my tendency is to go out another week so that I don't have to scramble on Friday in a panic to manage any broken trade. Alternatively, the August 3rd 43.5 short straddle is paying 5.28 with break evens at 38.22/48.78, with a 25% max take profit target of 1.32. With earnings in the rear view mirror, NFLX volatility remains fairly decent here (35.5%) -- potentially enough to get one-third the width of the wings in a five wide camped out at the 20 delta in the August expiry: the August 17th 330/335/390/395 iron condor is paying 1.72 at the mid price with a buying power effect of 3.72 and break evens at 333.28 and 391.72. I say "potentially" because I'm looking at after hours quotes and the entire setup is bid 1.41/mid 1.72/ask 2.04. A September 20-delta setup -- the 320/325/410/415 -- is paying 1.80 at the mid, with more generous break evens at 323.20/411.80. On the exchange-traded fund end of things: volatility remains in Brazil (EWZ, 32.4) and petro (XOP: 28.1). Lastly -- the major food group directionals: GLD bounced off a level I said I would consider a long at last week -- 115.50, so I may look to take a small directional long there if we revisit that level. EEM bounced nearly $2 off of its 52-week low of 42.15 and would consider a bullish assumption directional shot if this strength proves transitory in the short-term. SPY is revisiting that 280 level that has been pesky overhead resistance since the beginning of the year, so I could see adding at least a split month downward put diagonal, particularly if your portfolio might be in need of some short delta here. As alternatives, I would consider pulling the trigger on an IWM short delta setup at 170-ish or the QQQ's at 180.50 for similar reasons (i.e., add short delta on strength).
NYSE:TWTR
by NaughtyPines
5
Google back to balanceAfter price left the first HAGOPIAN, it reached the Centerline (CL.). After this first CL. touch, the reverse lasted not long, only to leave another HGPN to the downside. Now price approaches the Centerline again and we can now observe a potential reversal, or if it blows through, a trade to the upside. The blue dashed A/R's give us an idea, how price is currently swinging on a pivot level. Let's see if we can catch a reversal. P! If you like to learn more about the Pitchforks and how they produce great trades, then here's how you can get your free course: 1. Klick the link at the bottom to get to our website. 2. Register for the FREE MEMBERSHIP 3. Login and start the course Happy learning
NASDAQ:GOOG
by Tr8dingN3rd
GOOG : Will the summit test again?GOOG Weekly chart GOOG : Will the summit test again? I think yes Because the indicators are positive Volume positive weighted The final closing is the bollinger top band It turned from the bollinger subband so, will try the top band again. ***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*** PS make sure you give me a like, If you LIKE this analysis .... If you like most of my analyzes, FOLLOW me .
NASDAQ:GOOG
by KasaDairesi
Indecisive S&P 500The SPY (SPX) is giving some mixed messages from various indicators. While the general feel seems to be a grind higher, it's important to note that we have stayed under the 61.8% retracement of the correction even after several attempts to push thru. Also, not depicted on this chart, but we failed to maintain the 100 day s.m.a. (I'll try to add that chart in the comment section.) We also formed an inside bar on the daily, so tomorrow's action should give insight for next week's trading. Of course, none of this is relevant if headlines or tweets of significance happen over the weekend. I'm playing towards the long side, but hedged with calls in UVXY, and I did that mainly because VIX maintained and closed above 15, and short-term signals suggested we may see volatility surge even more. Also, the Russell 2000 (RUT) is still strong, but it appears to be showing signs of exhaustion. Ditto the NASDAQ Composite (IXIC) and NASDAQ 100 (NDX). I really want to short this market, but I'm not fighting the tape. When it says its time, then it'll be time. :)
AMEX:SPYLong
by EchoAlphaBravo