IBM Earnings report will be published todayNYSE:IBM The American technology giant publishes its quarterly earnings report with a very optimistic forecast.
The report will be published after the market closes.
Earlier this month the company announced that it is splitting itself into two separate public companies, a move that could attract new investors due to the result expected - a cut in the share price.
In recent years, the company has been mentioned as irrelevant and unable to keep the technology development speed like other leading tech companies such as Apple and Samsung but, with more than 350,000 employees serving clients in 170 countries and a great roadmap for long term development projects, IBM is absolutely still is considered a tech giant.
Analysts expect a Gross margin of 48.4% for the quarter.
Over the last 2 years, IBM has beaten EPS estimates 100% of the time and has beaten revenue estimates 38% of the time.
Revenue in 2019: $77 billion
Quarterly Revenue Forecast: $2.58 billion
Stockmarkets
SPY NeutralAs of right now, neutral on SPY. Expanding megaphone shows a lot of uncertainty with higher highs and lower lows at the same time. On the daily, we can ARGUE that it's possibly a cup and handle pattern; however, on the four hour chart we can see a failure to complete an inverted HS formation.
I am completely neutral as of right now as Pelosi and Mnuchin attempt to get a stimulus deal going by Tuesday, they are scheduled to speak tomorrow (Monday, October 19, 2020) ... election is actually RIGHT around the corner. I will be really careful or maybe just make quick day-trading scalps.
Good luck to all of you guys.
This Is The Moment.. With RSI30 (oversold), 100D moving average at 27.50, 20 weeks moving average at 28.40 and the support level at 27.90 + Elliott wave that us we still miss wave 5. Thus I think this is golden opportunity to buy.
Is the DJI (Wall Street) in trouble?Yep - it's beaten me. This is a very weird market where hope and greed rule. America is basically burning down with COVID, supply demand chains disrupted everywhere, no sign of a vaccine "momentarily" as we've been told - yet this market struggles north.
Every drop of good news moves it further north. In the last few days we were told that the cure was found for COVID. No one dares to disagree. Hopes of 'herd immunity' are in there.
This 8H time frame pump north in what appears to be a subtle rising contracting wedge, does not look confident to me.
The instability in the picture creates a probability for the south (not a prediction) - and there is probability for the north as well.
I'm not suggesting trading on this 8H time frame. Exploits are better on much lower time frames between 5 min to 15 min. But timing is everything. DON'T sleep! 😂
Disclaimers : This is not advice or encouragement to trade securities. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
"CRM Long" Bullish will this see $278.28 by mid Nov. early Dec.NYSE:CRM CRM like the range test today at 256.51 will keep a close eye on this one. CRM has created a nice bottom over the past few days around the 239.45 area. It has also broke a nice down trend and is holding the recent uptrend if this one can get going on the break of the range this can have room to 278.28 area before it test its recent high of 284.50.
$TLSS BREAKING OUT ~ DO NOT GET LEFT BEHIND$TLSS Countdown to financials Mid November. Q3 #'s will be fantastic.
TLSS acquired the assets of GRC Trucking. Cost savings and creating more revenue.
Deal with FedEx as we know. #FedEx #1 transporter for #Walmart, #SamsClub etc. #Walmart+.
Waiting for confirmation from TLSS in PR. We have done our DD.
$TOTAW Falling WedgeCome down to me :),
Lets see how this plays out the coming days.
Lots of downside $till
$TOTAW
STOCKS FILE NOW HERE!!! FACEBOOK SELL CLOSED +3.3% GAIN!Stocks strategy file now released! below youll see our list of stocks we have found optimal settings for!
Amazon
Apple
Tesla
Cineworld
Facebook
Netflix
BABA
US30
DAX - DE30EUR
US500
NAS100
SPX500USD
Google
ROKU
UK100
BA - Boeing
Zoom ZM
Barclays
SELL triggered on facebook at 287.12, we then closed in profit down at 257.05!
net account gain of 3.3%! risking just 1% per trade.
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What is our strategy?
Our strategy is a trend following strategy - that is coded in pine script to use with the trading view platform - the entries are shown automatically! NOTHING is done manually, it can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term.
The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc.
This could be on your phone trading view app, or laptop of course.
The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy...
What does this mean?
It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management.
The strategy itself can be used as a live trading journal too!
DAX30 - Short into 2021Let's see what the go is.
This is a long term view based upon one very important principle.
Why are we selling?
Price is expensive and volatile - during the election process in the US, the worlds relationships are affected
The election is coming closer <45 days.
The S&P500 and NAS100 are not shown here but use reference for our previous ideas to show where price has reached our over exposed markers.
The stocks have recovered well from a V - shaped recovery, but the Gap fill has not occurred.
Covid 19 - second wave has concerned EU governements - with further pumping of money to "control" the costs of job losses and curb closures.
We have established a great supply or essentially a strongly overvalued market again in quick succession, however price will be giving some good areas to sell.
Particularly a break of 13,000 down to 10,000 and beyond for an extension.
Pay close attention to the markets like CAC, IBEX FTSE MIB and FTSE UK - all are showing signs of weakness and poor price action.
The monthly shows us a perfect area which we are currently in to go short.
Keep your average price consistent when closing out profits or losses - this is important in trade management.
We are not selling at random times, there is a reason for this at specific levels. Because the market shows these levels.
The trade we will be taking is the least path of resistance.
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners to advanced .
KISS - keep it simple stupid.
we trade purely from naked charts, less indicators - remove the noise.
If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes.
Thanks,
Team Lupa
S&P Analysis Week of 9/13 - Neutral BearishI like to keep my analysis as simple as possible and call out high probability trades, even if they do not develop for days or weeks. This helps with taking emotion and FOMO out of trades in the stock market.
My preferred would be short trade with a breakdown of support at 3335, and retest and resumption down (lower low).
The long trade would be a break above 3500, a retest and resumption up (higher high). My bias is that this is unlikely as of today. However I will take this long trade if it develops. The stock market is unpredictable.
The price in between these two price areas are risky and I would consider that no man's land.
My method uses areas of support, resistance and trend lines. Simple and easy to follow which result in high-probability trades. I try to use minimum indicators and avoid complicated signals or patterns (i.e. Elliot Wave Theory). KISS (keep it simple silly) method.
#NASDAQ - Too good to be true?What a show, Nasdaq 100 lost almost 11% in a single week after a massive sell-off and everyone started to blame Robinhood for selling data, despite forecasts and warns of hundreds of analysts saying that the bubble will soon blow and all the tech stocks are overvalued, so.... Greed is one to blame?
This is just my opinion, you decide whether to agree or not.
From the technical perspective NDX is currently testing a dynamic resistance (dashed line) though remains above the 11300 support zone.
If it takes out the dynamic resistance with a massive green candle, then it will bounce to 12000.
If it breaks below the 11300, then it will drop to 11150 - 11098 in short term.
The best scenario is to drop down to 10400 levels to penetrate the 100MA and then bounce back towards new highs.
If Rumors on Robinhood continue growing and investigations are conducted, then we might witness the largest bubble explosion in the history.