Nordstrom (NYSE: $JWN) Jumps 10%+ During Pre-Market Hours! 🤸♀️Nordstrom, Inc., a fashion retailer, provides apparels, shoes, beauty, accessories, and home goods for women, men, young adults, and children. It offers a range of brand name and private label merchandise through various channels, such as Nordstrom branded stores and online at Nordstrom.com; TrunkClub.com; Nordstrom.ca; Nordstrom stores; Nordstrom Rack stores; Nordstrom Locals; Nordstromrack.com and HauteLook; clearance stores under the Last Chance name; Trunk Club clubhouses; and Jeffrey boutiques. As of December 31, 2021, the company operated 94 Nordstrom stores and 240 Nordstrom Rack stores in the United States; 2 clearance stores; and 7 Nordstrom Local service hubs, as well as 6 Nordstrom stores and 7 Nordstrom Rack stores in Canada. Nordstrom, Inc. was founded in 1901 and is headquartered in Seattle, Washington.
JWN trade ideas
JWN Bearish inclined Naked Calls 11 Mar Expiry (Mar Track 2)Whats The Plan/Trade/Thought
I identified this trade by looking at Finviz Groups and shortlisted the mid volatility Industry players (1 Month bull, 2 - 1 Week bearish). This was because I wanted to be trading in industries with less volatile price movements. Previously for the past 4 months I have been trading in industries at the forefront of any movement. Travel, Banks, VXX
JWN is part of the department store industry and has seen a huge dip (20%) on the 24 Nov due to lacklustre results. While I don’t expect any huge dips in the near future, I also don’t expect huge bullish jumps especially with the current climate
The other department store counters I explored were M and KSS. I liked KSS’s price movement also as it already spiked on the 24 Jan due acquisition news. M did not provide a good price for options contracts
I Feel
I felt good for this trade and tactic as I have adjusted by trade selection and strike prices towards a volatile market bearish ranging market.
This means I will take extra far strikes, even through it means sacrificing some alpha
Imagine Yourself Taking The Other Side
I would feel afraid given all the negative news on Ukraine and Inflation. I do not think I would take this trade on the opposite side at all.
Imagine Yourself As A Neutral Observer
While there is confidence in selling calls, there is also the earnings release on the 1 Mar. But given the entire market I think this is a safe bet. There is enough room for the price to rise (33% from strike) and it expires on the 11 March just before the release of the Interest rate increase (Week 14 Mar).
Look For New Information
I am clearly rejecting the risk of earnings and if I am wrong in this trade. This would probably be the reason.
How Do I Feel Now
I feel confident since was planning it and since I entered. This is a good trade and if it goes south it would either be because of me ignoring Earnings or just how the world turns.
Trade Specs
Sold 270 Calls @ 0.33 - Strike 27
% to Strike is 33%
ATR is 55%
BP used is 55k
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Nordstrom USASun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
Focus: Worldwide Everyday
By Sun Storm Investment Research & NexGen Wealth Management Service
A Profit & Solutions Strategy & Research
Sun Storm Investment
NexGen
Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures |
USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India
Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision.
#debadipb #profitsolutions
Gap up for earningsIf trends can hold we are likely to see a gap up from Nordstrom to the long term 500 EMA. With Nordstroms deal with Fanatics along with Macy's blowout, I can see a potential for a nice gain post earnings call. Potential buy in strategy would be to dollar cost from $36 down pre earnings.
JWNJWN:
I saw a big drop on the JWN on 9/30/21, and that create a great dip buying opportunity.
First. It looks like there is a strong support at $26.
Daily chart shows a possible rebouce up to around MA 20 (MA is Moving Average) area next week.
Weekly chart shows JWN is still on the uptrend as long as it has not break $26. That says, if it break below $26, I will stop loss. Don't let your account loss more than 8% on each trade.
Second. The only problem is that it has a potential profit of only 7-8% and stop loss is 2-3% which is not very good.
The reason I still would do this trade is just because JWN historically and seasonally has proven to be valued higher during the OCT - JAN shopping months; so if it break through the MA20, I will keep it for long run and my target price is on the next resistance at $37.35.
Third. To be safe, personally, I won't put more than 10% of my entire fund into each stock. JWN is the same, so don't put more than 10% of your entire fund to this stock.
The reasons is that if JWN lost another 10% of its value next week which is highly unlikely, just for example, then I will only lost 1% of my entire fund.
I normally kept 10-12 stocks in my entire portfolio.
I never put any individual stock consists for more than 20% of my entire positions.
This analysis is based on what I saw on these indicators:
CCI: it is near the oversold area. Since the SPY goes higher than 1% on last Friday, I don't think JWN will go lower next week unless SPY crashes again.
MACD: it is in the negative zone and I should not open a long position but this is a rebounce buy and I only invest 10% into this stock so I have controlled my risk.
MA 10 is above MA 20 so it is still a upside tread. As long as price does not close below $26, I think it has a chance to go $30 or higher.
This is just my personal view on this stock, and it does not intend to provide any investment recommendations.
Watching closely- Bull Flag Watching JWN closely here especially with the expected acquisition news- Personally am bullish and will be watching closely for a breakout (Broader Market Conditions Permitting). Just some FIB levels and RSI-based supply and demand zones to keep an eye on-
- Possible cup & handle forming
- Bull-flag on JWN's yearly chart
- Gap to fill on the upside
Long JWN right shoulder completeWith the crash of JWN, it has completed the formation of the right shoulder for an inverse head and shoulders.
Wait and see if prices break below the support of the right shoulder, if it rebounds, there is high probability of an inverse head and shoulders pattern formation being completed.
$JWN New Target 37.28 Key Levels & Analysis$JWN New Target 37.28
Whoah… what happened here? Gotta love when a stock takes a hit on good earnings. New target… a little lower than before because this market is crazy. Haha… trying to lock in profits a little tighter…
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
ONLY ADD at support levels & FIB levels… labeled
I start every position with .5 - 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
ADDED to $JWN Target 39.34 for 21.46% $JWN Target 39.34 for 21.46%
Or Double position at 25.44
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
Numbers with an A are places that are a good idea to add if you can.
Numbers with a D are places where you should double your position.
I start every position with .5 - 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
JWN ShortHead and shoulders
Supply zone
Short 36.5
Stop 39
Target 22
Risk management is much more important than a good entry point.
The max Risk of each plan should be less than 1% of an account.
I am not a PRO trader. I trade option to test my trading plan with small cost.
I created some tradingview scripts to improve my trading entries:
OBV and OBV SMA comparison;
Williams %R two lines;
$JWN Target 40.10 for 20.97% $JWN Target 40.10 for 20.97%
Or double position at 26.20
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
Investors looking for an excuse to sell JWNNordstrom (JWN) price action shows two large spikes in price that reverted to the mean quickly after breaking higher. This kind of price pattern suggests overhead resistance, with many investors eager to sell if only they could get a slightly higher price. This may be a "sell-the-news" stock, where the quarterly report is favorable, but the shares sell off anyway in the days that follow. The stock tracks fairly close to State Street's S&P Retail ETF (XRT), suggesting that the overhead resistance may have as much to do with the retail industry as with the company's own prospects.
JWN Possible Long Trade Here?JWN IS STARTING TO LOOK LIKE A BUY HERE!
SUPPORT RIGHT BELOW AT $35.03 AND A NICE BOTTOM WICK BOUNCING OFF ON FRIDAY.
SETTING UP NICELY TO BOUNCE AS LONG AS THE MARKETS CONTINUE HEADING UPWARDS AND CAN ALSO GET A NICE BOOST AS A RE-OPENING TRADE.
IF IT FAILS TO HOLD SUPPORT OF $35.03 I THINK IT FALLS INTO A DEMAND ZONE AND MAY TRADE SIDEWAYS SOME BEFORE POPPING HIGHER AGAIN.
WATCH THIS TRADE THROUGHOUT THE WEEK AND IF WE SEE BULLISH MARKETS I THINK WE CAN SEE JWN SEE A NICE PUSH HIGHER OFF OF THIS SUPPORT.
UNDER $32.90 I WOULD CUT THIS AND MOVE TO A DIFFERENT TRADE UNTIL IT GETS BACK DOWN TO $28.50 -> $29.50 CONSOLIDATION AREA.
NOT FINANCIAL ADVISE ONLY SHARING MY OPINION AND IDEAS ON STOCKS!
Americans are suiting up to get back to business in post COVID ePotential gain:up to +75%
Reward/Risk:3-10
Timeframe: 6 months
I always try to present the charts in a simple comprehensive format to prevent any confusion.
This is just my technical view, neither a fundamental comment,nor a recommendation to trade..!
Please review my track record and calculate the odds for yourself..!
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