BLK: Move your stopA call was given on 26 July, bought at 869.25. If you hv taken this trade, you profit should now be around 70% of the risk risked, you may move your stop to breakeven to secure the trade.
BLK trade ideas
BLK: Short term upDue to volume, i am expecting some short term upward movement. Make sure to apply SL and TP.
Listen to your eldersToday we will discuss the investment management conglomerate, BlackRock. They report earnings July 14 before the opening bell.
BlackRock Inc. is one of the world’s leading asset management firms offering a range of risk management, strategic advisor, and enterprise investment system services. With about $7.8 trillion worth of assets under management (excluding money market assets), as of Sep 30, 2020, it caters to institutional, intermediary and individual investors.
Their price action is an embodiment of their ability to execute. Listen to their commentary because it will be a huge indicator for the future of this market. BlackRock has more investing resources than any single entity.
As the saying goes, listen to your elders
BLK Short (Educational macro)Drew this a while ago, never reached my target. Using this as a proxy for financials because quite frankly I am lazy.
Would not touch any financials until this hits low 800s. Tightening yield spreads are awful for banks, because banks lend money on the long end of the yield curve and borrow on the short end of the curve. The Fed was smart about the reverse repo rates and mentioning rate hikes, as it forced the long end of the yield curve to flatten since people sell off short term treasuries. The dot plot showed overnight federal funds rates rising to 60 bps. That is much higher than the current 21 bps of the 2-year bill. From Investopedia, one reason the yield curve may flatten is market participants may be expecting inflation to decrease or the Federal Reserve to raise the federal funds rate in the near term.
It is kind of funny, the banks drove their own parabolic rise by crowding the bond trade and pushing the inflation narrative. Now Daddy Fed is wringing their arms and forcing them down the yield curve, causing their own downfall.
The rotation from value / financials to growth / tech remains strong in my opinion, as the inflation trade was way overdone. 10Y went from < 100 bps to 170 bps in the span of 3 months. That is a metric crap ton of bond selling. Seriously, the US bond market is an ocean of liquidity. People are correcting themselves now. ARKK has a nice uptrend and was green on quad witching.
DO NOT all in growth tech til after Tuesday, as JPOW is speaking, and people get scared any time he clears his throat. Take a lozenge my friend.
$BLK Head and Shoulders Base SetupBlackrock putting in a nice base for its next leg higher. Nice head and shoulders base pattern around its 50 MA.
Blackrock Inc (BLK)- MANAGES FIXED INCOME, CASH, EQUITY AND ALTERNATIVE INVESTMENT PRODUCTS FOR INSTITUTIONAL AND INDIVIDUAL
Blackrock going upBlackrock gone on MA 200 h4 straight up. Already in position, I am happy my plan seems to work.
Looking forward for 768 for Blackrock the next months
Expecting a 15% movement on BLK Today, we will share a bullish perspective we have on Black Rock
- The main structure we are observing is an ascending channel
- Inside the ascending channel, we can see a flag pattern above a support zone
- We saw a breakout of the Flag pattern and a secondary corrective structure above it
- Now, we are waiting for a breakout above the green line to confirm the expected movement
- If that happens, we will trade towards the higher trendline of the ascending channel
- Our Stop loss will be located below the support zone
- The resolution of this setup can last 30 to 45 days
- The risk we will take is 1% of our Capital
- The risk-reward ratio we are looking for is 1.5
Thanks for reading!
Blackrock: THE choice from the financial sectorBLK’s long-, mid and short-term trend charts are presented.
BlackRock, Inc. is an American multinational investment management corporation based in New York City.
Founded in 1988, initially as a risk management and fixed income institutional asset manager, BlackRock is the world's largest asset manager,
with $8.67 trillion in assets under management as of January 2021. BlackRock operates globally with 70 offices in 30 countries and clients in 100 countries.
Along with Vanguard and State Street, BlackRock is considered one of the Big Three index funds that dominate corporate America. (Information from Wikipedia)
Blackrock states “We’re investors putting to work the hard-earned savings of people and institutions around the world in global markets”.
Perhaps there is no better way to invest your money in the long-term than to be a Blackrock’s shareholder. It’s sure that they know better where, when and how to invest.
The next chart with BLK’s performance proves the previous statement.
Prompt: New traders should take some time and carefully read the post entitled 'You can't beat the market' that is located in my profile.
Disclaimer
The author of this text is not an investment advisor. The preceding content is intended to be used for informational and educational purposes only.
It is not an advice or inducement for the purchase or sale of the products mentioned. Before making any investment based on your own personal circumstances,
it is very important to do your own research and analysis and also take independent financial advice from a professional to verify any information provided here.
The situation is not in favor of growthA wedge pattern is formed on the timeframe of 1 hour and 1 day. I expect the price to drop. Conservative entry into the short - from breaking the lower border of the wedge and/or from breaking the support level of 450.84-458.80$.
RECAP: $BLK keeping within its PEAD projected cone$BLK traded within the project PEAD cone after its last earning release back in October the 13th, respecting the boundaries of the projected PEAD cone mostly trading in the upper boundary.
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
beat earnings, still overcooked, short BLKThe outperformance in Blackrock far outpaces the S&P and most of its competitors in the asset management space. S&P in orange & State Street in blue.
This pop on earnings is short-lived. I expect it to sell back off to where it came from. And when we have the 10-15% market correction which is needed for healthy financials; Blackrock will plummet during the correction because their assets are directly tied to the market.
Longer Term BLK Idea (Jan 14th through July 2021)BlackRock, Inc. (January 14th 2021 through July 16th 2021)
Low: $702 - $770
High: $1,097- $1,231
2020 Q4 Earnings projection expected tomorrow: $8.80 - $8.84
Copy and pasted from a shorter term chart linked in related below:
On the technical side of things, BlackRock's stock is looking fairly bullish to me right now, and not just because of the recent run up its had the past few weeks. I started looking at this firm last night after Cindicator offered some questions for me to submit analysis for.
I think BLK will show a large increase tomorrow and potential Rising Window candle gap from current close price earlier today. It could even go all the way to $880-890 in the next day if earnings report comes out positive tomorrow morning.
One notable aspect I'm finding in BLK's current/upcoming ventures is the bitcoin hype being spread by the CEO. Could BLK end up moving towards a bitcoin trust fund much like Grayscale has? Would be an interesting development to see play out, and I think it could eventually happen.
Here's an article from Coindesk describing BLK's interest in moving towards blockchain technology.
BlackRock Seeks VP Blockchain Lead to ‘Drive Demand’ for Firm’s Crypto Offerings - December 27th 2020
Quoted: >"BlackRock CEO Larry Fink recently made some bullish comments on bitcoin (BTC, +14.82%), stating it has 'caught the attention' of many people and that the nascent cryptocurrency asset class can possibly 'evolve' into a global market asset"
With the charts and the positive news surrounding BlackRock recently, I think tomorrow's earnings announcement could surpass the original 3 month WS projections of $8.40, but not sure if it will surpass current estimate of $9.09. Morgan Stanley's estimate of $8.89 earnings sounds right on track with my estimate of $880 for the actual stock price.
Another thing I want to point out is that the timeframe for which I think this could all happen could be too long and extended, perhaps these gains and retraces are seen in half or less the time instead, but I will have to come back later to see what parts need recalculation if it comes to that.
Here are some more relevant BLK analyses:
Wall Street Journal - BLK
Morgan Stanley Raises BlackRock’s Target Price to $890 Ahead of Earnings; Forecasts Q4 EPS of $8.89
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
Q4 2020 Announcement (Jan 14th through April 2021)BlackRock, Inc. (January 14th 2021 through April 20th 2021)
Low: $770 - $779
High: $880 - $883
Earnings projection expected tomorrow: $8.80 - $8.84
On the technical side of things, BlackRock's stock is looking fairly bullish to me right now, and not just because of the recent run up its had the past few weeks. I started looking at this firm last night after Cindicator offered some questions for me to submit analysis for.
I think BLK will show a large increase tomorrow and potential Rising Window candle gap from current close price earlier today. It could even go all the way to $880-890 in the next day if earnings report comes out positive tomorrow morning.
One notable aspect I'm finding in BLK's current/upcoming ventures is the bitcoin hype being spread by the CEO. Could BLK end up moving towards a bitcoin trust fund much like Grayscale has? Would be an interesting development to see play out, and I think it could eventually happen.
Here's an article from Coindesk describing BLK's interest in moving towards blockchain technology.
BlackRock Seeks VP Blockchain Lead to ‘Drive Demand’ for Firm’s Crypto Offerings - December 27th 2020
Quoted: >"BlackRock CEO Larry Fink recently made some bullish comments on bitcoin (BTC, +14.82%), stating it has 'caught the attention' of many people and that the nascent cryptocurrency asset class can possibly 'evolve' into a global market asset"
With the charts and the positive news surrounding BlackRock recently, I think tomorrow's earnings announcement could surpass the original 3 month WS projections of $8.40, but not sure if it will surpass current estimate of $9.09. Morgan Stanley's estimate of $8.89 earnings sounds right on track with my estimate of $880 for the actual stock price.
Another thing I want to point out is that the timeframe for which I think this could all happen could be too long and extended, perhaps these gains and retraces are seen in half or less the time instead, but I will have to come back later to see what parts need recalculation if it comes to that.
Here are some more relevant BLK analyses:
Wall Street Journal - BLK
Morgan Stanley Raises BlackRock’s Target Price to $890 Ahead of Earnings; Forecasts Q4 EPS of $8.89
Longer term idea attached to related here:
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
$BLK followed through its PEAD projection after its earnings$BLK traded within the projected PEAD cone after a positive under reaction following its earning release, trading mostly along the upper boundary of the projected PEAD cone.
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
What is Parabolic SAR?This is a very interesting and useful indicator.
You can use it for the following purposes:
Trend
------We are in an uptrend when dots are below the candles.
------Downtrend is when dots are above the price.
Entry Signals
------ Buy signals ( Only in an uptrend market ). The first dot below the candle
------ Sell Signals ( Only in a downtrend market ). The first dot above the candle.
Stop loss
------ Long positions: Put the stop loss below the dot. ( You can move the SL every time to use as a trailing SL.)
------ Short positions: Put the stop loss above the dot. ( You can move the SL every time to use as a trailing SL.)
As I said before to avoid false entries as much as possible only trade in the direction of the long time trend. Use a trend indicator or big MA to determine the trend direction.
Settings for AF numbers ( Acceleration Factor ) can be changed but I prefer the default settings.
BlackRock Stock Rally Is sustainableWe anticipate that the uptrend of BlackRock will continue to generate excellent organic growth.
Note: Any reference to an investment's past or potential performance is not, and should not be construed as, a recommendation or as a guarantee of any specific outcome or profit.
To $617 - Short after earnings (Weekly chart)BLK has moved nicely in the FIB channel since 2008. It is now over-extended and filling in the triangle on the weekly chart.
I expect the stock to consolidate for few more weeks until earnings, and we see the decline right after earnings in Jan.
Side note: A Bearish divergence is forming on daily chart view as well.
Price target: $617-653 (by March 2021)
Blackrock ShortI have highlighted the XLF representing the broader financial sector in purple and the S&P 500 index in gray. As you can see it has outperformed the financial sector by a longshot and outperformed the S&P 500 index.
Since Blackrock’s bread and butter is asset management with nearly 8 trillion AUM, the overall concern with overvaluations in the markets combined with BLK’s significant outperformance to its peers and to the broader market in which it invests; I’d say it is time for a pullback.
I would expect it to correct to its previous highs as seen with the green line. I do not expect it to head down towards the XLF, but it is possible it could correct all the way to where the S&P is. It is trading at about 21x earnings.
BLK: how to set up a base options trade for a big moveBlackrock: this is just a fantastical example on how to setup a base options trade for a big move. I am not actively trading BLK currently, too rich for my blood, lol. But for informational purposes, I wanted to explain a certain options strategy angle. I call it the big squeeze & eliminate theta strategy. haha
1/15/21 expiry: because printed BLK earnings dates are 12/12, 12/14 & 12/20 as far as I can find so it's in range.
*opening trade*
buy $660 call = $46.90, Delta = .73, Theta = .31, Vega = .72, OI = 284
buy $720 put = $38.60, Delta = .64, Theta = .32, Vega = .80, OI = 26
sell $740 call = -$7.95, Delta = .24, Theta = .26, Vega = .67, OI = 59
sell $640 put = -$7.85, Delta = .19, Theta = .27, Vega = .59, OI = 251
total: $69.70
max risk: $9.70 - 14%
max reward: $1.30 - 2%
Beginning result = medium risk, low reward, compared to the capital investment. Initially not worth it yet, with a 7 : 1 risk : reward ratio
*on going trade*
Because the ATR is at $14.40 you now have the flexibility to buy or sell, to open or close, positions in these specifically chosen strike prices over the course of the next 5 calendar weeks leading up to 1/15/21 expiry.
As you gain better insight into the underlying security, in this case BLK, you should be more accurate in your other strike prices and expiry dates, entries and exits.
There will be plenty of opportunities to start to make this base trade more profitable or more risky.
Using different time frames, doing your homework, waiting for premium signals, you can easily reduce the risk and add to the profit along the way.
VPVR settings: 52 because my view is showing 52 weeks
ATR settings: 23 because there's about 23 trading days left until expiry
pi RSI setting: default because Archimedes constant algorithm pi 3 14 15 92 has accurately guided my trades price action
Fibonacci VIP: default because the Fibonacci sequence 5, 8, 13, 21, 34, 55, 89 for volume ema has accurately guided my trades
Fibonacci MA7: default 21, 34 with common 50, 100, 150 ema's because BLK back testing responds most accurately to these parameters
Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny for a month it = $5,368,709. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
www.tradingview.com
