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JNJ

JNJ Sideways and declineJNJ debit spread 130/120 Put spread 2.53 debit Max profit is 7.47 exp September 20th. I have a pretty long debit spread on JNJ its a high reward low risk trade. I think it may continue lower slightly and hit my target which in this case will be $5 on the spread. If I lose and it rises and stays above 135 etc. I will close the trade on August 30th for a loss and salvage anything that I can. This is a journal entry and not trading advice. Double bottom breakdown and sideways movement is my prediction since we're in a bull market it may move higher.
NYSE:JNJShort
by Synaptic724
THE WEEK AHEAD: IBM, JNJ, NFLX EARNINGS; GDXJ, GLD, SLV, GDXEARNINGS IBM (54/26; Thursday), JNJ (56/23; Tuesday before market open), and NFLX (35/41; Wednesday after market close) announce earnings next week. Unfortunately, all of them have less than ideal metrics for a volatility contraction play (>70% rank/>50% implied), so I'm likely to pass on all of them. That being said: Pictured here is an IBM 130/135/150/155 iron condor in the August cycle paying 1.53, break evens at 133.47/151.53, and delta/theta metrics of -2.47/2.80. The rank/implied metrics aren't ideal here (<70%/<50%), which is probably why it's also paying less than my idea one-third the width of the wings in credit. I would pass on it if you can't get filled for 1.67 or greater ... . BROAD MARKET TLT (31/11) QQQ (8/17) IWM (7/15) SPY (6/12) EEM (3/16) EFA (5/10) Short-term, broad market premium selling is about as crappy as it can get here. Your options are to (a) wait for a pop in volatility; or (b) sell something farther out in time where the expiry implied is higher. I will probably opt for the latter if we don't get an uptick in volatility by July opex, since waiting can be unproductive, particularly if low volatility has infected the entire market and it becomes a "protracted thing." SECTOR EXCHANGE-TRADED FUNDS Premium selling opportunities are in gold and the miners for yet another week ... . Top 5 By Rank: GDXJ (73/34), GLD (72/15), SLV (70/20), GDX (45/28), and TLT (31/11). Metrically, the most "ideal" play is in GDXJ (exchange-traded fund ideals: >50% rank/>35% background), although we're getting somewhat short in duration for another play in the August cycle. There isn't a September expiry available yet (there will probably be one after July expires), so it might be worth a look at GDXJ next week should volatility hang in there for a September play. IRA TRADES Not doing a ton here beyond managing my covered calls post-opex. Stuff on my shopping list (XLU, XLP, HYG) has all ground higher along with the rest of the market, so I just have to patient for another one of those December style "sell everything" dips or a major uptick in volatility in those instruments.* Although I have "not a penny more" short puts on in HYG, both XLP and XLU are out of range of that kind of play, it seems, unless I want to go far out in time and get paid very little ... . * -- XLU (10/14), XLP (29/11), HYG (13/6).
NYSE:IBM
by NaughtyPines
5
JNJ: Stuck in a trading range, buybacks are supporting the stockA weekly chart reveals the long-term trading range in which JNJ has been stuck. This Dow component ran up due to buybacks around the start of this year. But the trend and volume-based indicators show a lack of quiet accumulation by Dark Pools. The stock slid down ahead of its earnings release today and gapped up slightly on the report, but there has been considerable profit-taking today as well. So JNJ remains bound in a narrower range just below the trading range highs, where it could languish for some time.
NYSE:JNJ
by MarthaStokesCMT-TechniTrader
$JNJ - Weekly Outlook Feb 25 - Mar 01$JNJ is in a up trending channel and pushing against the upper trend line of the channel. I am seeing resistance area at 137.80 - 138.30. It bounced off daily support nicely and headed straight up. I feel confident it will hit the first profit target 137.80 early next week. This is where you should be taking profits if you are in JNJ. If JNJ runs next week, second profit target 139.55 is also possible. I got into JNJ when I saw it successfully bounced off support and I will exit my position when it hits 137.80 which could be Monday or Tuesday (unless for any reason market sells off at the start of the week). For a longer-term JNJ perspective, Mar 04 looks to be the date when FDA is expected to give its approval on the JNJ's new depression drug. Once approved, JNJ can see a decent pump. US-China trade news can make it go in either direction. Deadline of Mar 01 is next week. Next week is news critical. Markets will make moves depending on what kind of trade-related news we get. If you would like me to analyse a stock ticker, please feel free to mention in the comments. News article for JNJ's new depression drug: www.businessinsider.com
NYSE:JNJLong
by Blackhole-Trading
JNJ Closed above the 20Week Moving Average bullish RSI-LongJNJ Closed above the 20week moving average, has a bullish RSI divergence above 50 and has a J-hook pattern. Immediate target is 150 area and short to intermediate price target appears to be 162.97-167 within a parallel channel. 02/15/2019, Moody's maintains AAA rating with rising revenue. After many years, TALC issues are baked in. Evidence is earnings jump, buyouts, Apple deals, New Depression drug with major Future cash flows and new revenue streams ahead. Latest market decline had little impact on JNJ. The worst appears behind JNJ with growing revenues.
NYSE:JNJLong
by Deepthoughts
JNJ: All roads lead to 147It is crystal clear from this chart and various types of analysis that JNJ is in a zone that will probably lead to at least the 147 range. We can see a shaded channel that the stock has been ascending in for several months. We can also see that volume has been steadily increasing at a sustainable pace. From the wave count (please study Elliot Wave theory if you don't understand this) it is clear that there is a 70% chance JNJ will top out between 148.28 and 156.58 using Fibonacci levels derived from wave 3- trough to peak, and wave 4- peak to trough. Based on the standard assumption that the fifth wave will be more or less equal to the first in magnitude this would project a conservative target of at least 147 coinciding with the channel. Lastly please note that stocks and markets in general respect support and resistance levels- not specific time frames with the point being that I don't know when this price will likely be reached, just that its probably coming. Needless to day nothing is ever certain in trading so always manage risk and deal in probabilities, good luck. Please feel free to leave feedback, questions and criticisms welcome.
NYSE:JNJLong
by TNasr
1