TJX COS INC holding support pre earnings
The 100day has once again held as support.
Earnings are expected to be good, but commentary will be critical for upward momentum to continue
0LCE trade ideas
TJXSystem T Performances: Annual Compound Profit 40%, Win Rate 55%, Risk/Reward Ratio 1:2, 20 Years of Backtesting Data, Over 100 Markets.
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Hi Traders,
I'd like to introduce the System T, a computerized trading system that analyzed and backtested the 20 years history data of over 100 markets.
This post is my sharing of how I think about systematic trading and the signals generated by the System T.
(This is my opinion only, NOT the financial advice.)
I think that for the system to open a trade and manage risk, it only needs a buy signal & a stop-loss signal clearly on the chart.
Once the system finds a good trend, it will ride it as long as possible. The stop-loss will be adjusted accordingly to the new price movement.
(Remember to follow this trade idea and follow my profile to get updates about the stop-loss adjustment and sell signal based on the latest price and market conditions daily.)
System T performances above will give you an idea of how it performs in the last 20 years.
Notice that this result was achieved only if I strictly followed the rule: "Only and Always Buy & Sell based on the System Signals".
Don't sell when there is no sell signal as we all want to follow the good trends til the end like everything in life does. \(^-^)/
Also, my system is extremely diversified through over 100 markets so that it only risks less than -1% of the total capital per trade.
Thank you and good luck!
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DISCLAIMER:
I am NOT a financial advisor, and nothing I say is meant to be a recommendation to buy or sell any financial instrument.
My views are general in nature and I am not giving financial advice. You should not take my opinion as financial advice. This is my opinion only.
Do your own due diligence, and take 100% responsibility for your financial decisions.
Trading and investing are risky! Don't invest money you can't afford to lose, because many traders and investors lose money. There are no guarantees or certainties in trading.
- Content is for education purposes only, not investment advice.
- Trading involves a high degree of risk.
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TJXLittle sell off today...selling into earnings. I'm not buying into the short side here. I'm long on TJX they respond either neutral or into the trend of the market when earnings come out. This is an unusual price action day for TJX. This stock has 21 times earnings and has made all time highs with more potential to continue to the upside with the holiday season approaching. Conservatively: approach this as a long position in the 50-.618 level dip in price. Tis-the-season.
$TJX looks a buy into earningsEntry level $60 = Target price $64 = Stop loss $59
Our previous trade worked out perfectly so we must take another look as earnings approach.
Indicators are very bullish as earnings approach.
Volume is particularly encouraging.
Sentiment and fundamentals remain very strong as the consumer economy continues to thrive.
TLX much more resilient to the AMAZON effect than most retailers.
P/e Ratio 24.
Average analysts estimate $62. | Overweight. If earnings beat upgrades will follow.
$TJX Waiting for pullback Entry in TJXMissed the initial breakout, no point jumping in now, will be looking to buy the dip on next pullback.
Fundamentally the stock is very bullish as is the consumer.
Indicators are approaching overbought,but stock remains very strong, may reach $60 before pullback.
P/E ratio 23.93
Average analysts price target $60.25 Re-ratings to come, probably raises.
$TJX Double Top: Rising Wedge Breakout, RSI & MACD DivergenceBuying some puts $57.50 and $60 strike, Oct 18 expiration.
Simple trade, simple chart. Read callouts for details. Please Like, Comment, and Follow to show you support!
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$TJX Breakout imminent$TJX is flagging on the weekly with a triple top and a cup and handle formation.
$TJX Momentum reads to the downside in TJX. Among the bricks and mortar stores TJX is a real winner, it is a favourite among consumers and indeed other retailers, whom have excess inventory that they can not shift. TJX buys it cheap and sells it cheap to the bargain hunters who just love finding that item they didn't really need but it was too cheap to put back on the rack.
Despite this from a technical perspective things are not as rosey, the Momentum indicator has had Bearish divergences for some time, while the RSI has dropped quite hard recently and is now at a breaking point. Tomorrows earnings report will dictate the price action for the months to come as a disappointing report could produce a retrace to $46 or indeed the $40 region. If by chance we get a upside move $56 will be a hard price to break having held as resistance on numerous occasions.
TJX supportMy quant model predicts
Profitability: TJX has a high probability(64%) to rebound at this level. The chart shows a support level here.
Worst Case: TJX could drop to $36.15
Money Management: Bet no more than 25% of capital
Suggested Strategy: long TJX for 5 Days
$TJX Long Idea NOV / DEC Seasonality Seasonally TJX is usually quite strong , earnings are coming up soon and they have announced a split as well. NOV I'm expecting to see some good numbers out of retail names $XRT and strong thanksgiving and Christmas sales as the consumer seems pretty strong. The risk to this setup is if TJX reports poor numbers then I can expect a retracement back to 101/102 if that breaks then $97 for further downside, but for upside I'm looking to target $119-121 by Christmas , if we get good earnings and follow through , but the markets need to cooperate. I'm playing this through DEC 115 calls at $2 , no stop loss for me only small position.
Remember this is not financial advice , just what I think.
TJX more upsideTJX is incredibly strong in the face of the weak market. Look for a breakout to new highs soon.
TJX - showing relative strengthZacks Rank: 2-Buy 2 Style Scores: C Value | A Growth | C Momentum | B VGM Industry Rank: Top 8%(21 out of 255) Industry: Retail - Discount Stores
TJX Reports Above-Plan Q2 FY19 Results; Raises Full-Year EPS TJX: The TJX Companies, Inc.
2018-08-21 08:30:00
The TJX Companies, Inc. Reports Above-Plan Q2 FY19 Results with Comp Sales Growth of 6% and EPS of $1.17; Raises Full-Year EPS and Comp Guidance
TJX: Sort opportunityAn intraday high potential, Back Tested Sort Analysis.
We ll try to enter into the correction of the uptrend movement.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
TJX Detected possible increase in guidance!!!TJX: tjx companies
2018-02-28 08:37:04
Detected possible increase in guidance
TJX Stochastic Trending DownTJK Overbought Condition
Waiting For New Number And Color
Color Green
Number None
So far a great gap down If this gaps below 66.76 this is a close your eyes and buy the open trade. I see support at around $64 level.
Reversal and going up! Hey guys!
I am buying this trade. As you can see form the chart that it it is a reversal heads/shoulders at the end of an impulse wave. Interestingly it is also the end of the C wave. It also makes a divergence at the bottom.
I say this is a good buy. I am buying at the current market price for today.
Entry: $70.40
S/L: $66.50
PT: $79.00
