$RTX 61.8 retracement - WWIII? Great RR long with stop below $81.50. Looking to hold this for most of 2024 if it stays above 81.5 level.
RTX trade ideas
RTX targetsThis can really move if it pushes through the 200day ma. I think A 100 $ target is only the first take profit area i would target the top of the trend and A retest on 100$ region or on the 200 ma
RTX flag break and continuance to fill gapsThis is one of the stronger sectors in the market right now with war fears. This call setup played out a lot better than FTNT for the short-term. Gap one is almost completely filled for a nice 17% gain on spot. I am preparing for the Gap 2 setup. 83$ needs to become a supportive area for this to playout.
RTX approaches GAP 1 on flag breakRTX broke the bull flag on daily and 4 hours, looking to close our profit take 1 and GAP one shortly. RSI can definitely go higher, this stock is hot with the insider trading that congress is pulling off with the war looming. I myself am prepping for GAP 2 setups which should be interesting since its a much larger price target.
RTX Corporation Options Ahead of EarningsAnalyzing the options chain and the chart patterns of RTX Corporation prior to the earnings report this week,
I would consider purchasing the $80usd strike price Calls with
an expiration date of 2024-1-19,
for a premium of approximately $1.37.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Break out in defence sharesThe defence sector has (ITA US) come under pressure lately due to concerns about the budget spending by the DoD given fiscal constraints in the US. Given the recent geo-political events are we seeing a breakout - Key members include RTX, BA, LMT and NOC. Thoughts?
RTX has 2 Short-Levels I would jump inThe orange Fork projects the pull-back potential, which is the Center-Line.
There are 3 short levels I see:
1. The primary is way up in the primary Sellers Zone.
Although this would be the most profitable one, it has a
caveat: Price would by then have broken the Trend Barrier (Dotted slanting Trendline).
2. The secondary Short lies the Secondary Short level, right where the GAP happend. Within this level is also a tiny bunching, where price was not able to overcome.
As for the Oscillators, the MACD and Mansfield are pointing to a Down-Trend. Only the RSI seems to be oversold and is indicating a potential pullback, which is in essence the reason to look for a short. It's supported by the Buyers Zone, where price was picked up by the Bulls.
Definitely a Chart that has it's place in my watch list.
Happy day Tr8dingN3rds §8-)
RAYTHEON Stock Chart Fibonacci Analysis 100923 Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 69.4/61.80%
Chart time frame : B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : C
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
For War and Markets: Profits out of ConflictWhen I was a kid, my mom used to tell me:
“Steve, if you wanna make money in this world, you can count on people for 5 things and 5 things alone.
A) They will need food.
B) They will need money to pay for said food.
C) They will get sick.
D) They will get angry.
E) Then they will go to war.
Work in an industry that tailors to one of those 5 things and you will be fine.”
And this has proved to be the most true to true statement I have heard in a long time. The biggest industries in North America are Healthcare, Finance, Food and Military. Not to mention, in my lifetime of 30 ish years, I have seen 2 pandemics (COVID and Swin Flu), 1 pseudo-epidemic (SARS) and 4 wars (Afghanistan, Iraq, Ukraine and now Israel).
That is a lot going on in 30 years honestly.
Over this weekend, tensions rose in Israel and Israel is now at war. As such, aerospace and defence stocks are soaring (aside from BA of course), with LMT up roughly 8%, RTX 4%, Bombardier 2% and EADSY (airbus)… Well, its doing about as good as BA.
Because I am such an aerospace and defence enthusiast, I thought this would be the perfect time to talk about war, defence, exports and how these stocks behave.
Military Exports
The United States is the largest exporter of military goods with an estimated 246.8 Million in Export Value. The leading companies in the US for military exports are Lockheed Martin ( NYSE:LMT ), Raytheon Technologies ( NYSE:RTX ), General Dynamics ( NYSE:GD ) and Northrop Grumman ( NYSE:NOC ). In 2020, direct military sales revenue constituted around $124.3 billion. The major exporters of those goods were NYSE:LMT , NYSE:RTX , NYSE:GD and $NOC.
In contrast, Canada, who is considered in the top 15 countries for military exports, grossed about $2.8 billion in military sales in 2021, predominately non-artillery military weapons and vehicles. Canada’s biggest military exporter is Bombardier ( TSX:BBD.B ). Canada’s largest recipient countries include the U.K., Australia, South Korea and United Arab Emirates (UAE). Also, Canada exports a lot of military supplies to China, but sketchily doesn’t disclose this in their official reports that I referenced in researching this article, I was only able to find out about this by looking at Bombardier’s sales and fiscal reports, where it exported multiple military jets and aviation supplies to the People’s Liberation Army Air Force. Oh Canada, you SKETCHY!
The largest recipients of US military supplies include Saudi Arabia (who is the largest consumer of both US and Canadian military supplies; also sketch, why you need so many military supplies Saudi Arabia? Whatcha’ll doin over there? Got some big plans I suspect.), Australia, South Korea, Japan and, of particular relevance, Israel.
What does it matter?
Well, it matters because these stocks tend to thrive and can actually prop markets up during times of war. Here are the 4 major military suppliers during the initial breakout of the War in
Afghanistan:
And at the breakout of the War in Iraq:
And the invasion of Ukraine:
And if we want to look at the Ukraine invasion overlaid with SPX:
You can see the market took a tumble while these spiked, similar to the setup today.
You will see that, for the most part, RTX tends to outdo the rest during times of conflict and war, except in the Ukraine instance where it kind of legged. So what gives?
Well, its important to understand what each of these companies do and what they offer. Not all war and conflict is the same. During the Iraq war, the US used a lot of Ariel weapons, which is Raytheon’s speciality. The needs of Ukraine were mostly infantry and vehicle supplies at first, which is more General Dynamics area. But let’s go over, very briefly, what each of these companies provide in a general sense. This will help if you have an interest in investing:
Raytheon NYSE:RTX
Missile systems including missile guidance
Electronic warfare systems
Cyber security stems
Radar
Lockheed Martin NYSE:LMT
Fighter jets and military helicopters
Missile defense systems
Space systems
Artificial intelligence and quantum computing for military and defence applications (a very promising and key component for the future of ABM technology, or Anti-ballistic Missile technology).
General Dynamics NYSE:GD
Jets,
Nuclear Powered Submarines,
Arleigh Burke-class guided-missile destroyers,
Abrams tanks
Stryker Armoured fighting vehicles
Northrop Grumman Corp NYSE:NOC
Combat avionics
Surveillance systems
Computer systems
Air combat systems
Electronic warfare systems
Battlefield management systems
Ships and nuclear powered submarines
Aircraft carriers
Raytheon, General Dynamics and Northrop all have facilities and offices in both Canada and the US, which is why Canada ranks in the top 15 of military exports and why these 4 companies are the most major exporters of military supplies.
Concluding remarks:
So if you are in the market to profit from this Israeli situation (I know it sounds sick saying that but you know how life is), its important to look at the military needs of Israel and which company is likely going to serve it best. The reality is, all are going to do well because, while each company has its own niche, they complement each other. RTX guidance systems control LMT’s missiles which makes parts of GD’s aerial defence systems, etc. Inversely, you can just invest in AMEX:ITA (the aerospace and defence ETF) which has holdings in most of these companies.
It has a leveraged share counterpart, AMEX:DFEN , which is something that I have just bought into today 😊.
Anyway, that's it! Hopefully you found this information helpful.
As always, safe trades everyone!
Raytheon will succeed in WW3Raytheon Technologies Corporation is in a wonderful position, and will likely benefit heavily in the coming years. They are a company with strong fundamentals, plenty of employees, and constant demand from the US military. Missile defense systems will be sought after for decades to come.
Russian missiles have reportedly struck Poland today during a massive strike on Ukraine's infrastructure. US aid to Ukraine has reached over $5 billion, and does not seem to be stopping anytime soon. The attack will seemingly increase tensions between Russia and NATO, possibly leading to more sanctions or war.
Raytheon has plenty of room to decrease in the short term, but I personally think it is a great long-term play. The small dividend allows for more growth, and the profits are rising. I could surely see it hitting $100 in 2023.
This is in no way financial advice, I am not responsible for any losses taken. Invest at your own risk, this is an extremely volatile market.
Gap swing on RTX w/strong risk-rewardRTX had an irrational sell off based on a potential 3 billion dollar cost on the recent engine problem with Pratt and Whitney. Meanwhile the stock which has been a key player for decades and lost over 20 billion in market cap in two enormous gaps. The stop-loss would be a 5% drawdown, and gap 1 a 15% upside gap 2 over 30% upside. Obviously the jet fuel play would be calls which is my preferred poison. RSI is down to 18 which is also obnoxious.
$RTX $DFEN - Defense stocks will melt your face off Get ready for the ride of a lifetime on a Raytheon rocket exploding dollar bills all over your trading account. Massive dark pool buy in over 5 million last week. This one is good to buy and hold long term next 2 years. Why? We have a failing president with no support, and the best way to unite people is to start conflicts or wars that demand we stand together. There is no shortage of monetary support to ukraine. this last week they received more money than my home state of Hawaii did for our ravaged lands. Earnings were beat at RTX and they mentioned Ukraine about a half a dozen times. THey expect the conflict and the money to keep flowing.
RTX Entry, Volume, Target, StopWhen price clears: 97.44
With above average daily volume.
Target: 103.00 area
Stop: Depending on your risk tolerance; 95.58 gets you 3/1 Risk/Reward
This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
Raytheon - A Potential Earnings Pump To WatchEveryone wants to get rich quick. Because getting rich quick means you:
a) Get rich
b) Quick
Then you can wear big ugly sunglasses, a crappy t-shirt, flipflops, sit on the beach, eat a lot of meat, drink a lot of alcohol, and be promiscuous with women.
This is the modern human's dream, right?
And so everyone loves to speculate on potential earnings pumps and dumps.
There really is more to aim for in life.
Raytheon is one of the U.S. Military Industrial Complex cornerstones and is more or less a weapons mill for the NATO proxy war in Ukraine, which is of note because of the recent escalations of the conflict and how it can affect the U.S. Petrodollar, and thus bonds, oil, gold, equities, everything.
DXY - The US Petrdollar And The "Prigozhin Coup" In Russia
Geopolitically, the conflict between China and the International Rules Based Order is heating up. The current edict is to "de-risk but not decouple" from China (notice they never say "from the Chinese Communist Party"?).
In mid-June CEO Hayes was quoted by the propaganda machines as stating that decoupling from China was pretty much impossible because of all the parts and components that are manufactured in the mainland.
What this means, if you ask me, is that going forward, certain companies are going to have a very hard time meeting their target EPS and revenue estimates.
Raytheon may very well be one of them, as foreshadowed by a salvo of sanctions the Xi Jinping administration placed on them and Lockheed Martin.
The situation in China is very volatile right now. The IRBO wants control of China when the CCP falls. Xi Jinping and the other nationalists want to make sure that outside forces do not steal the motherland.
And so one day soon, we may find that Xi has thrown away the CCP in the middle of the U.S. night, and the markets will have themselves a series of consecutive red days like we've all never seen before.
Xi can weaponize the crimes against humanity that the Party and the Jiang Zemin faction have committed in the persecution of Falun Gong that started on July 20, 1999, and use the truth to protect both himself and China.
Organ harvesting and genocide of a group of 100 million spiritual cultivators with upright faith is certainly enough of a weapon to handle all the threats the motherland can be facing.
So why do you care about this if you're trading Raytheon?
Because a basic principle of markets is they go up when big money is selling and go down when big money is buying.
Raytheon and other military companies ironically never really pumped following the QE recovery from the COVID pandemic dump.
It wasn't until the Ukraine War began that Raytheon finally ran the highs.
And then it retraced.
That kind of retrace is actually really bullish and what bulls should want to see if they want their $145 billion~ company to become a $1.4 trillion company.
But the problem with the theory is more manifest on the weekly charts:
31 weeks of ranging and no breakout is not bullish.
And yet, after taking lows, it continues to recover. The most notable price swing is the $105 to $92 leg that just occurred.
I feel that Raytheon has some fundamental hidden bearish divergences to it and this is why it has traded this way all along, with the ultimate purpose of selling a lot high, and then selling it all above the all time high.
This hidden divergence, I think, is that U.S.-based companies may find themselves cut off from the Chinese supply chain in the very near future.
Only to tip all the bulls on their backs like stranded turtles and then dump and dump and dump and dump and not come back.
So I believe that with the setup at hand, the catalyst is actually the July earnings.
But if you look back at previous earnings, Raytheon doesn't have major pumps. It can go a bit and then it will run after.
Implied volatility on options for the July 28 expiry are only 20%, slightly higher than the 17% average.
But before we get there, I expect we're going to see prices return to the $92-93 range and give the best buying opportunity.
The catalyst for this, I believe, will simply be market-wide correction, which I outline in the following two posts:
Nasdaq - The Great Bear Trap
And
SPX/ES - An Analysis Of The 'JPM Collar'
In summary, there will be a shakeout in equities that will probably not be long lived, even if it's violent.
And after that, things will make their final run up, many of which will set new highs or new 52W highs, etc.
What's left for the remainder of 2023 and the start of 2024 doesn't look like it's going to be very pleasant, to speak frankly.
So make sure if you see Raytheon at a new high, you don't go getting ahead of yourself, longing the top.
$RTX with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NYSE:RTX after a negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 100%.
RTX to $104.82RTX hit and triggered an automatic entry at $99.08. Getting in now would give you even more buffer and a tighter stop-loss.
Entry: 97.34
Stop: 93.34
Risk on 10 lots: 40
Entry 97.34
Limit: 104.82
Gain on 10 lots: 74.80
Gain on 5 lots: 37.40
Raytheon Long @ 95.51/4 position.
Defense stocks are getting hit hard because of the debt ceiling situation. Should resume upwards once settled.
RAYTHEON TECHNOLOGIES CORPORATION higher bearish exp. to see
Hi viewers, RTX price break zone, tech. side showing we can expect higher bearish trend
TP1:92
TP2:89
$RTX with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish tral outlook for $RTX after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 83.33%.
Raytheon Technologies: 3 Line Strike at PCZ of Bearish CypherThe Defense Sector in general seems to be overhyped as if it expects earnings not to matter anymore but the PE/Ratios keep rising as if it's betting on the US to enter a direct armed conflict rather than reality which is that we are simply just providing old unused equipment to the Ukraine. I think in the near future the market will realize this and we will see prices on these kinds of stocks got lower as the PE Ratios compress just like every other speculative growth stock has done during the cycle.
$RTX with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $RTX after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 50%.
Earnings watch 10/25Earnings watch 10/25:
HAL
ENPH
CMG
GM
TXN
RTX
GOOG
MSFT
KO
UPS
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. 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, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
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
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
www.tradingview.com
