BLAK34 trade ideas
$BLK ate too much Turkey?$BLK has started moving away from the general finaical group in the beginning of August.
If 465 can't hold, next stop is likely 430
Blackrock breakout above 545The 50-day moving average is acting as a support on BLK. If it can clear 545 it could head higher towards 577.
Blackrock Inc. clear longer bias with new weekly demand levelsBlackrock Inc. clear longer bias with new weekly demand levels being created. Price has not pulled corrected for months hence no retracement to buy setups at weekly demand imbalances created around 526, 481 and 424 price areas respectively. Long term long bias at weekly and monthly demand zones with new demand imbalances being created and respected.
Few times Buy&Hold becomes in the best strategy BLK one of themWe know pretty well NYSE:BLK Black Rock is one the best companies in the world, but even mesmerizing when you see there's no roof for it.
So, few times Buy and Hold is the best strategy for any real investment, not speculative.
Tomorrow is an earning reporting day, do not why, but I would be slightly bearish.
Have a Good Trading Week.
$BLK Long$BLK closed at a 52 week high on Monday. Financials have shown strength/seen a lot of sector rotation in the past week. RSI Perking back up after some sideways consolidation. Looking to go long with a pullback to the $427 area; stop with a close below ~$424.39. On my watch list for 7/5.
BlackRock - Longterm LongA normal person never heard of BlackRock, but BlackRock could be more useful then we think. I like the BlackRock Share and here is why, I think it will go long.
BLK - buy the bounceChart is worth a 1,000 words: $366 line in the sand served as support and coincided with the bottom of an uptrend channel on my chart. February 420 and 430 calls were bought in late January, giving us confidence that the recent price dip was a support test that got bought. Also note that the daily MACD appears ready to turn up and the money squeeze is building, waiting for a release.
Wait for price to confirm above the 50dma around 381 for cautious investors. Traders should have got long this morning and should wait for a sell signal to bank profits.
Update on "Riding $BLK from support to resistance"Have added support floors and resistance ceilings. Noteworthy, BlackRock has clear historical resistances that all consecutively became supports after breaking through. For your review: 285, 322, 337.5, as well as current support of 361.5 and resistance of 380. BlackRock has already outperformed all Too Big To Fails YTD, and I believe the trend to continue due to both technical and macroeconomic factors. If plays out, the next support for $BLK is 380, and it could easily touch 400. I'm long $BLK, with 400 PT.
Tell me what you folks think.
Diamond TopThis is the chart we looked at for the earnings trades today, took a Jan 340/Feb 310 Put Diagonal for $1.00 (short term bearish trade)
BlackRock, Inc. (NYSE:BLK) About To Roll LowerLet's take a quick look at one of the leading investment management firms, BlackRock, Inc. (NYSE:BLK) and find the best place to trade it. Yesterday, the BlackRock (NYSE:BLK) stock had a key reversal day on the charts, even as the overall markets were flat. After the stock made a new all time high during the first minutes of trading, at $337.65, it then proceeded to sell off. The sell off lasted all day long, before catching a small bounce at the lows of $332.00
This kind of pattern and price action on the daily chart indicates one important thing, the extended move of BlackRock, Inc. (NYSE:BLK) might be over. Traders looking to go short this equity can do so at around $333.00 and placing Wednesday's high as a stop loss on a closing basis - which means if you short the stock and it goes above that previous high and closes above, you exit the position for a small loss. However, BlackRock, Inc. (NYSE:BLK) does have a move lower in the cards, and the ultimate profit target for those short the stock should be $314.00.
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Kiliam L.
Elite Round Table, Pro Trader
@KliiamLopez
www.inthemoneystocks.com
