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NOC

Staples of modern civilzation ($WM)In my last article I lamented my folly of inadvertently buying when CNBC said to do so. Earlier this week I caught a clip of Dave Ramsey, a radio financial advice personality, telling people that they were stupid to not be buying to stock market right now when it was "cheap." Again, we had more downside to go. When you've been trading for a few years you eventually realize that literally everyone, including yourself, has to realize the point of "peak FUD" before the market turns around. There has been far too much optimism following this selloff. "It's just the flu", "the economy is still strong," etc. are just not things you would hear at the tippy-bottom. That being said I still need to be wisely allocating capital in this rare event. Some Weekly timeframe alerts I've set over the past month before the crash have been dinging to my attention this morning that I'm keen to buy. NYSE:NOC and NYSE:WM are two stocks I've been watching and waiting for an opportunity for a long time. NYSE:WM more than others. Weapons and Garbage are staples of civilization... just as much if not moreso than toilet paper (which everyone seems to be inexplicably bullish on).
NYSE:WMLong
by norok
2
Staples of modern civilzation ($NOC)In my last article I lamented my folly of inadvertently buying when CNBC said to do so. Earlier this week I caught a clip of Dave Ramsey, a radio financial advice personality, telling people that they were stupid to not be buying to stock market right now when it was "cheap." Again, we had more downside to go. When you've been trading for a few years you eventually realize that literally everyone, including yourself, has to realize the point of "peak FUD" before the market turns around. There has been far too much optimism following this selloff. "It's just the flu", "the economy is still strong," etc. are just not things you would hear at the tippy-bottom. That being said I still need to be wisely allocating capital in this rare event. Some Weekly timeframe alerts I've set over the past month before the crash have been dinging to my attention this morning that I'm keen to buy. NYSE:NOC and NYSE:WM are two stocks I've been watching and waiting for an opportunity for a long time. NYSE:WM more than others. Weapons and Garbage are staples of civilization... just as much if not moreso than toilet paper (which everyone seems to be inexplicably bullish on).
NYSE:NOCLong
by norok
$NOC Northrop Grumman Long Term Bullish$NOC Northrop Grumman beat earnings estimates and raised guidance for full-year EPS today. Yet the stock is down more than 5%. Doesn't make much sense but I'm looking at a long term bullish falling wedge and an oversold RSI at its lowest level in seven years on the weekly chart. Not only do I expect a bounce off this lower wedge line in the near term but I expect a bullish break out of the wedge sometime in the next quarter before next ER. Defense spending isn't going anywhere anytime soon. IMO I could see this stock making a push for the $375-$400 area by year end (assuming overall market conditions remain bullish to neutral). Might be a good day to pick up some long term OTM calls - definitely a lotto play, but I'm looking at Jan 2019 $400 calls going for around $0.40 Note: Observation/opinion, not investment advice.
NYSE:NOCLong
by Triple_Barrel_Capital
$NOC Northrop Grumman Downtrend Breakout Coming$NOC Northrop Grumman - Expecting positive earnings reports out of defense/aerospace sector next week. Notice the strong steady rebound in (MFI) money flow since early July - seeing this in several defense stocks reporting next week. $NOC broke through $320 resistance recently and successfully retested support earlier this week. I'm anticipating a strong break out of the recent downtrend post earnings next week. Targeting $340 in the near term. Note: Observation/opinion, not investment advice.
NYSE:NOCLong
by Triple_Barrel_Capital
NOC - Downward momentum short from $299.87 to 242.33NOC seems a nice short setup as it breaking down very nicely. It has lost of insider selling and has broken down all its moving average & now testing its 200 days moving average. now If it breaks below it can continue much down to the 240 area. * Trade Criteria * Date First Found- May 6, 2018 Pattern/Why- Downward momentum short trade Entry Criteria- $299.87 Exit Criteria- 1st Target $242.33, 2nd Target - Momentum Stop Loss Criteria- N/A Indicator Notes- Twiggs money flow deep into the negative side. Special Note- Lots of insider selling. We would consider $280 November Puts Please check back for Trade updates. (Note: Trade update is little delayed here.)
NYSE:NOCShort
by AcornWealthCorp