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LNKD

Everybody's Gone Shortin' - Shortin' U.S.A.In this post I would like to put together some previous stock market calls (still valid), as well as add two more promising shorts. It's been a rough week for US stocks culminating in a clear break of the Head&Shoulders' neckline at 2045. This kind of pattern is usually referred to as "Complex H&S top" , because there are multiple peaks and its "head" is a H&S pattern itself. The traditional target is set in the 1945 area , though we expect a move of greater magnitude. There is a more traditional H&S in LinkedIn. It calls for a sizable move to the downside. Another bearish pattern is a Rising Wedge, or Ending Diagonal, in Bank of America. The first target here is $15 area, which is some 10% from here. I'm still positioned according to previously published ideas: Baidu IBM Intel and Procter&Gamble : All of them are currently profitable. Best of luck, mates
SP:SPXShort
by Nickonomics
2
TWTR Potential Reversal7/29 gap at 38.92 is closed, so watch for a potential reversal. MACD looks like it's ready to reverse, but due to the volatility in this stock there's a number of things you should watch for. Rejection at 41.80, would take it back down to ~38.90, so I would watch for a careful break through this level on decent volume. 44.16 Seems like the likely target for rejection. My call is it hits this point then bounces off of 41.80 before resuming it's uptrend. 46.38 seems like an unlikely target to break on it's first attempt, but if it does you can expect it to make a run for it's 4 week high at 55.99
NYSE:TWTRLong
by stephen.punwasi
LONG/SHORT LNKD: WHICH DO YOU PREFER?LNKD price action is now showing potential trading opportunities both long and short. The short scenario: The broader time frame is generally bullish but currently we are facing bearish momentum. This is a healthy retracement since it has not compromised any significant supports so far. Using Elliott Wave, I have counted 4 waves of a bearish impulse. This scenario offers a higher probability that we will see a Wave 5 completion before this stock shows any sign of reversal. For day traders and swing traders , the key is to locate an intraday short setup that validates in order to participate in the 5th Wave of this impulse. Looking for bearish price formations on 15 minute charts, or bearish candle reversal patterns on 60 - 240 minute charts can provide an entry opportunity with limited risk. This scenario can be helpful because it can help you anticipate bearish price action over the next few days. If you intend to swing trade this move, make sure to read my bullish scenario in order to understand the price target. (See Short Target Area on chart) The Long Scenario: Once Wave 5 completes, we need to see where. There are a number of potential support zones between 206 and 202 areas, the 197.50 area and 192 area. Extreme Price Zone support refers to my particular setup that can result from a false breakout occurring as Wave 5 attempts to push new lows. This is one area to look for long validation. And just below that there is overlapping Fibonacci retracement support. The fact that we are trading above this area informs us that this is a healthy retracement and not overly bearish. The magnitude of this support area can make for a significant bullish reaction provided there is a strong broader market to support such a move. As a day trader watch these areas for bullish reversals and validation and be extremely cautious with shorts. As a swing trader, watch for the setup and validation near the extreme price zone. Since this stock is generally strong, the average target of 220.50 area (See Long Target Area on chart) is not unreasonable. Stops must be defined at the time of entry. The swing trade can take up to a week or more to play out and will require a strong broader market to support the move. Would you like to conduct your own analysis like this? Analysis and trading are two separate processes. How exactly do you use this information for trading? My Trader's Workshop Series addresses this. Learn how to analyze and trade any financial market on a technical basis which includes price action, order flow and other short term refining techniques. When it comes together, you have the qualities of a consistent trader. Read my article about the elements of a consistent trader here: www.unconventionaltrader.com
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by MarcPMarkets
The Rise of TwitterIt's not exactly breaking-news that Twitter tumbled shortly after it's IPO. Today's close brings the stock a smidgen below its near-IPO low of 38.80 , just before the euphoria of.... absolutely nothing set in and shot the stock to an all time nominal high of 74.73 proving to be nothing more than some kick-ass fuel for fire. TWTR closed the day just below the edge of resistance. Recent price action appears to have a decent bullish footing with bullish volume and confirmation combined with bullish momentum. Should the stock retreat, I'm looking at the 35 price point for support. A gap up from here could bypass the immediate overhead resistance and possibly set the target to 47. A tweet for thought.
NYSE:TWTR
by ShiftCTRL-Group
LNKD showed relative strengthYeasterday US markets closed in red with QQQ -0.8%, SPY -0.9% and DIA -0.94%. But this social network reversed from lows and closed near highs. I think we are close to resolution of this wide range with upside bias because of that strength. Now we have higher low @ $143.45 and important intermidiate support @ $145 that was retested intraday. Another action point is previous high of the day @ $149.50. If it will go above and hold we can see $153.34
LLong
by andrew.berg
1