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Sympathy

GOOG Sympathy Move Ahead of Earnings TodayThe run down to Monday was a sympathy run. It doesn't mean that NASDAQ:GOOG is headed for a bad report. Rather, retail investors are selling ETFs or moving money out of stocks into safe havens, or other adjustments to portfolios and 401(k)s. The selling dug into the most recent weak support level. However, NASDAQ:GOOGL has not sent out any advisor in recent weeks regarding its earnings report. Any company this size, and as a veteran company of the stock market, would warn if earnings were going to miss the retail-side analyst estimates. So this is a sympathy move merely because the retail-side selling is moving big-name companies down at this time. If it has a great earnings report, which the previous runs suggest , then the HFTs may trigger a gap up at open tomorrow. Alphabet had improvement in its quarterly report last quarter. Yearly revenues have been up for 4 years but earnings are up and down as it invests hugely in AI.
NASDAQ:GOOGLong
by MarthaStokesCMT-TechniTrader
Symmetrical Triangle - Sympathy PlayEyeing the entire solar sector here as ENPH heads into earnings tomorrow after retracing back down to the 220 range. Intend to play both, however, SEDG is unique in the sense that there was not the usual retrace back to its respective 200-day MA and has been trading rangebound for quite some time now. Some slight hidden bullish divergence on the RSI, a big symmetrical triangle, a bullish gartley harmonic pattern, and increasing buyer volume relative to seller volume. Bullish and will be looking for a breakout from this triangle (Broader Market Conditions Permitting). Just some support and resistance levels to watch along with some RSI-based supply and demand zones to keep an eye on in the meantime- Price Targets & Previous charts are attached below PT1- $325.71 PT2- $328.88 PT3- $334.29 PT4- $341.68 + --Previously Charted--
NASDAQ:SEDGLong
by jacobosiason7
2
FDX massive potential this weekFEDEX is primed for a breakout this week. Will be paying close attention to XLI & UPS. FDX has had a 10% move the last 2 times UPS reported earnings. I don't expect 10% again but I wouldn't rule it out either. 10% puts FDX around $326. Symmetrical triangle has formed and ready for a move to the upside. Looking at playing the 8/6 $300 call options. Sympathy plays around earnings are much more profitable since options IV are much lower. (See Facebooks sympathy run off of SNAP & TWTR earnings last week)
NYSE:FDXLong
by chaseflores10
WMT and SPY love each other?WMT for Friday, September 11, 2020 SPY and WMT seem to be synchronized, so we have SPY here for reference. (faded blue line) Large fib is for the dip, showing it went down to the 1.618 line. Seems like that may be the end of the drop... hopefully. Small fib is for potential target zones for short term. Breaking the 0.5 would be nice to confirm retracement. Heading to 1 would be nice, 1.272 - 1.414 are my favorites. We are currently in what appears to be a descending channel. Hopefully we break out bullish and above the 0.236 line @ $137.87 Good luck!
NYSE:WMT
by GR3ND3L
Knight-Swift $KNX Getting Ahead Of Itself on Freight-Hype. SellKnight-Swift, $KNX, the largest trucking company in the US, rallied yesterday after the earnings release of competitor J. B. Hunt $JBHT. J. B. Hunt's earnings yesterday were mostly inline, but these better-than-feared numbers eased the idea of a major transport downturn. Here's the daily chart for J. B. Hunt $JBHT. So today, the day after that nice rally, Knight-Swift cuts its outlook pretty drastically. The cut both EPS for Q2 and Q3 down 10% of what was expected. They cite "oversupply of capacity" in the freight market which "resulted in greater than expected downward pressure on revenue per loaded mile", which is a lot of words to say that competition is eating their lunch. In response, the stock gapped down today, but only closed down 2%. I think it's reasonable to speculate that the buyers, which were bullish on $KNX because of $JBHT's positive earnings, will now have to sell, and send the stock price back to the bottom of the range. A sensible thesis is that if the stock can crack $34 to the downside, we may see $27-$30 in the next days after. You can read the full article here: www.behindthebid.com
NYSE:KNXShort
by behindthebid
QTUM Sympathy Play, 1:6 risk reward on BTC breakout!Observing the charts for both Bitcoin and Ethereum last week, I'm seeing strong support for Bitcoin at the $3800 levels and Ethereum at the $130 levels. If this support continues to hold, I'm expecting a huge sympathy play for Qtum (leverages Bitcoin's security while having Ethereum's functionality). I also no longer think we are in a wave 4 cycle as the psychology of the masses is already expecting a wave 5 pullback. The bottom is in! Also, looking at the Elliot wave pattern, Qtum is nearing the end of wave 2 pullback. I'm expecting a huge wave 3 which will retest the 0.5 Fibbonaci retracement level as indicated on the chart. Given the current price of Qtum and strong psychological support at the $2.00 level with minimal volume being traded, I see a far more lucrative risk:reward ratio for longing Qtum compared to going long on BTC/ETH! Accumulate now and thank me later when BTC breakout! Stop limit: Wave (C): $2.89 Wave (E): $3.45 Stop loss: 1.86 Let me know what you guys think of this plan!
Long
by Feht
GSL Shippers Heating Up/Merger NewsGSL and Posiedon have agreed to a merger to take place sometime in November. GSL is being valued @ $1.78 a share by Posiedon and receiving over $200mln. With GSL trading at close today at $.95 the upside on the deal alone is great. But also now take into account the shipper run that has taken place the past couple Novembers and I believe we have a perfect set of circumstance for a nice upside potential for GSL. Given that GSL ran to over $4 in Nov 2016 and $2 in Nov 2017 we could see $1.78 and more. Check out the top trend line on the monthly chart below. www.tradingview.com seekingalpha.com
NYSE:GSLLong
by luckeyma