MORE DOWN DAYS TO COME FOR LVSHistorically when LVS surpasses this RSI level, the stock drops at least one more percent over the next few weeks. In fact the minimal drop is 2.93% with an average drop of 6.17%. The bottom of the trend channel is well beyond the 6% but my conservative play is a drop to the 53 milestone which would net around 3% and most likely around 30% with a PUT option.
Historically singular large drops for LVS are not isolated incidents and the stock continues downward in the immediate days following a shock drop like the one that occurred on Dec 8, 16.
Put
RDSA in the money put/shortwith recent fluctuations in the shell i expect a comperable swingback to the long turn support. as such a oppertunity arises to make money through going short or buying a in the money put at 24.6. i would like to hold this put/short till januari or februari.
While aex might hit a al time high coming kalander year, i expect a pullback around christmas.
Short GS again! KEEP buying powder dry to add (scenario below)HUGE OPPORTUNITY FOR AGGRESSIVE, WELL-FUNDED TRADERS. Start Shorting today Tues 12/6 and keep shorting if you buy off on scenario below. I feel this is now a rare opportunity - but hold onto your Tums bottle all the same. GS is 231 with 20 mins. to go today, and it's been holding - but in a narrower range than usual. The RSIs (especially the default 14 pt IA AND HAS BEEN OBSCENELY OVERBOUGHT and it has ben my experience that the longer this RSI remains over 80, the harder and choppier the fall. Macd has signaled - as have the oscillators .
I love trading GS and made one short reco last week which worked out well in the first hour of trading. We are setting up for another pullback for the following reason: the stock has gone parabolic (you do not need me to tell you that!) and parabolas have two sides! Why so much gas in Goldman? Aside from Goldman Grads being in just about every federal and world banking arm, they surround the presidents - and Goldman kicks ass in their bond trading department -- WHEN there is bond volatility. Indeed, this year is setting up for that positive aspect for GS, along with huge deals and the obvious deregulation spark that lit up the financials. Goldman stands to have a great year - but we are a tad ahead of ourselves here - for a logical reason, but it is far from a fundamentally or technically sound reason...
But this insane run since the election may have started on fundamentals - but has shifted to Window dressing by the big retail Mutual Funds(at this moment - AND I FINALLY sense the gas drying up). Am I brilliant? Clearly not - but I have noticed a shift in IBD's "New Buys (by the top 1/3rd best Mutual funds )- and out of 99 funds active in GS, over weeks it has gone from mostly buying to now - out of 99 funds - 55 buyers and 45 net sellers. The smart nimble guys got in and took as much as a 50% upside bite ( or chomp) and now are taking profits and getting the hell out.
The stock has garnered so much attention, the remaining "big boys" who cater to the masses are just dressing up positions for the one time of year when their investors may actually look at the positions carefully - and managers don't want to be asked why or how they dont own GS -- God forbid. BUT BUT BUT..
Today, with the market firing to the upside several times - Goldman has stopped participating - where practically every other day , a few points in the S&P translated to points in GS as funds wanted in before losing more upside potential. Today, however, was important in that a few analysts changed their targets (I think one guy revised his from 189 to 245). HSBC came out and initiated with a 250 target. THIS SAYS THAT EVEN THE LATECOMERS TRYING TO SHOW A GOOD RESEARCH CALL ARE NOT SEEING MUCH MORE UPSIDE HERE.
Start building put positions by whatever style you use - but I would suggest leveraging the hell out of 25% of your trading money on this by rolling into the front week in the < $1.00 range. Use the rest for put or call spreads or whatever your style is -- but the spreads have been especially lucrative when you anticipate the premium deflation that results when the next week becomes the front week (a long way of saying do this on Friday close or Monday 1st 30 mins and you will make money 4 out of 5 times in this environment. I would keep a couple of near positions - and i have built positions out as far as 4 weeks.
It is remotely possible - and I say remotely - that Goldman holds up until the first of January. Hell - they could be doing a deal and decide to prop themselves up as much as possible because stock is currency somewhere in some enormous transaction - with Goldman, strange things definitely happen behind the curtain. But everything i see points to some real heart-thumping pullbacks once the pullbacks start - we could see some amazing jolts of easily 10 to 20 points, on multiple occasions, so trade them all individually if possible) on the downside, so try to hang in. Good luck
FDP - Inverted flag pattern short from $56.13 to $50 or lower FDP seems forming a inverted flag formation. It broke down major support & moneyflow is very deep down. It had some insider selling as well. Overall it seems a good shorting opportunity.
Trade criteria
Open - Break of $56.13
Target - $50, 34
Stoploss- $57.53
Note: - $55 Mar-17 Puts @ $1.70
You can check our detailed analysis on FDP in the trading room/ Executive summary link here-
www.screencast.com
Time Span- 14:10"
Trade Status: Pending
ADDITIONAL INDICATOR CRM is heading downFor the second trading day in a row, another historical indicator points to continued decline for CRM. Historically when TSI breaks below this level, the stock drops at least 1.05%, with an average of 2.37%. There are two long term support trendlines and the nearest is around 65.30.
A conservative drop to around 65.75 within the next few weeks is my safer play. PUT options could bring in 15-35% if placed appropriately.
The long term trend is a wedge with an apex around 68.88 for November 2017. Most like the stock will break the wedge prior to that point but could be entering a state of less than 10 point moves over many months.
SALES PROBLEM FOR SALESFORCE?Historically when the RSI for CRM hits this level, the stock drops at least 1%. The more likely figure is 4.82%. A conservative drop continues along one of the many trendlines. My play is a drop of around 3.83%.
This play could bring in 20-41% with perfectly placed PUTs.
No news is good news, especially FAKE news for FBHistotically, when the VI (negative) reaches this level, FB drops at least 0.74%. All trendlines have been busted and an actual bottom to this disaster is unknown. Some advertisers may be unwilling to play FB's game and the value of the stock could easily continue to suffer.
Once this VI level is breeched, the average drop is 4.82%. I have chosen a more conservative drop based on recent common support levels. My safer play is a decent PUT position that can easily bring in 20-40% within two weeks.
NO-GO for GOPROStill going down.My conservative play is only 2.34% to a common support level. Historical when the VI (negative) breaks above this level, the stock drops an average of 15.12% over the next few weeks. The minimal move is 1.25%.
Fortunately or not, there is not much room to drop. Holiday shoppers are most likely looking for deals and the price tag on GPRO products versus lower priced competitors continues to make GO PRO a NO-GO.
TSLA going downHistorically when RSI reaches this level, the stock continues to decline at least 1%. The average drop is 9.02% while the minimum move has been 1.47%. I anticipate this stock dropping at least 3.23% from the close of December 1.
This is a great opportunity to make 10-30% on PUT options.
VISA TO DROP AT LEAST ANOTHER PERCENTHistorically, when RSI reaches its current mark, this stock drops at least another 1%. On average it is actually 4.34% with the minimum drop of 2.64%.
A conservative play is a drop of 1.70% to fall in line with the bottom of the trend channel. Anticipate a 10-30% minimum profit from a solid PUT.
TFX - Inverted Flag formation short from $145.93 to $132.13 TFX broke-down long tern trend in weekly frame, retested it from beneath & now falling down. In the daily frame it is forming a bear flag formation & related upward channel. Both pattern suggestion a decline & we are looking for a short if it breaks below $145.93 & our first target is $132.13
You can check our detailed analysis on TFX in the trading room/ Executive summary link here-
www.youtube.com
Time Span- 4:30"
Trade Status: Pending
SIX - Short from top of the upper channel-line/resistance to $49SIX getting weaker after touching its resistance level near top of the upward channel. We think it will reverse from here & it would decline breaking the channel formation. We think it will decline to $49 area.
For trade we would consider $60 March-17 Puts @ $5.60
You can check our detailed analysis on SIX in the trading room/ Executive summary link here-
www.screencast.com
Time Span:0:35:30"
Trade Status: Pending
Well, we are still in an uptrend, technically speaking After the "healthy" correction, kc touched the 100 day MA around 153 as indicated previously as a potential target. Furthermore, we are hitting the lower end of the trend channel (blue).
I am looking for some support coming in here.
As vol softened during the sell off, threeways, selling put spread, buying call seem to be good long market, long vega strategies in my opinion.
BSX_ as it retest overhead resistance at $21.47BSX
Date First Found - November 15, 2016
Pattern/Why- breakdown of trend line and up channel
Entry Target Criteria- Retest overhead resistance at $21.47
Exit Target Criteria- $17.13
Stop Loss Criteria- $22.13
Indicator Notes- huge drop in Twiggs Money Flow
Special Note- we would consider February $20.00 Puts currently @ $0.68
NWL - $45 March Puts looking very interesting NWL seems forming a sharp declining head & shoulder formation. It also seems breaking down from a double top formation. On the other side huge put volume also suggesting investors bearish approach to the company. We think it will be a interesting option play to the down side.
We would consider $45 March puts, last traded for $2.60
You can check our detailed analysis on NWL in the trading room/ Executive summary link here-
www.youtube.com
Time Span: 9:00"
Trade Status: Pending
The investors take profit? #SouthmentThe investors take profit?
The company Netflix has had a good performance after earnings report. Four days with winnings and today, the market feelings can take another position ... pay attention for the feelings and emotions!
"An investment in knowledge pays the best interest" - Benjamin Franklin
Stay tuned for more, visit: www.southment.com
Sign up for The Big News
SMA 20 complements by SMA 200The SMA 200 is used in daily charts and 15 minutes intraday charts. Stocks with SMA 20 (drop) represents a good starting point to be sold.
Apple alert this clear signal, stay tuned for the next moves in the price ... forewarned!
Stay tuned for more info, visit: www.southment.com
Sign up for The Big News
LYB - Short from current position to 30 areaLYB breaking down from a head & shoulder formation in short term & it has lot of insider selling from key investor. In long term it formed a descending triangle.
Now it had its earning released today & in reaction it did decline a bit, so we think it will decline breaking the triangle formation.
To trade LYB we would consider $80 March Puts (6.2)
You can check our detailed analysis on LYB in the trading room/ Executive summary link here-
www.youtube.com
Time Span: 7:45"
Trade Status: Pending