Risky Play but I like the backdrop for two primary reasons: One being more anecdotal, and the other deals with CapEx Cycles. I don't pay much attention to anecdotal evidence, but the backdrop surrounding Chinese securities is certainly a risk-off scenario for many investors relative to BABA's return potential. There are lots of fantastic small cap growth companies...
Technical Indicators, Wave Analysis?
Im pretty bullish in the short term on Kraft leading up to investor day - support and resistance levels represent decent trading ranges
Nice .786 retrace within a upward trending wave pattern. I like the chance of a move higher compared to a move lower - place your bets
wouldn't be surprised by a hard move down pre earnings to the 20.50-20.70 area to finish the pattern, which would also suck in quite a few weekly put buyers at </= 20 strike (these have a ton of open interest and are quite liquid) - I think post earnings will be somewhat neutral to positive until new guidance is given in 2020, so a relief bounce to the 25-27 area...
Good trade setting up end of year - look for an entry around 9.80-10.20
Classic wave analysis setup: - Wave 3 with increasing volume - Wave 4 triangle consolidation (Place stop below wave 1 peak). Great Buy of KHC at 29.80-30.20 - Wave 5 will be a slow melt up
Nice short term inverse head and shoulders, with support at 30.05 within the upward channel.
Watch and Learn, Folks
Ford has a couple of things going for it right now -Production platforms will be at max 5 in the coming year or two, representing substantial margin improvements -Consumers are less price sensitive to gas prices than in years past: strong consumer, business macros will power Ford into the new Hybrid cycle beginning in 2020 -Ford's strategic transition to focus...
Big reset at GE, $8 target by end of 2018.
look for a pop to $15; I would sell at 14.20-14.5.
Today and tomorrow will be crucial for bulls. The 50day MA looks to have crossed the 100day MA on the weekly. Bulls need to keep that from happening, or at least delay it another week. Quite frankly, I think the cross is inevitable over the course of the next few weeks.
We still have some heavy resistance to break through, and the volume we current have is not going to do the trick.
Looks like we will retest 100 and/or 200 day ema. A break of 2020 will confirm that notion. Trade on
I think scaling in short between 2080 and 2100 is a good bet going forward. Earnings are right around the corner
Looking for a wick to extend to 2073, green today and red tomorrow. Jobs report Friday will be atrocious, and send wall street back to reality.