CalebDismuke

CalebDismuke

Practice for clients

CalebDismuke

This is a practice chart for clients

CalebDismuke

I don't like picking bottoms, however, buyers have stepped up ahead of the 1.08 level. This is a 2-day chart. There are two scenarios I see playing out. 1. This is a large retracement from 100-118 range and we are headed back toward the 118 level. 2. A series of lower lows, lower highs has started and we are heading back toward 100.00 The Key Level I believe...

CalebDismuke

Technically speaking LULU has broken an uptrend line going back to 2009. The next support level is $45. Fundamentals Here is a good write-up on Lululemon. I favor buying dips, but I am waiting to see where this stock finds demand.

CalebDismuke

Support comes in at $65.

CalebDismuke

Technically speaking Found resistance at 1.44 My first target on the downside is 1.41. I am holding a long EUR/JPY position and have around 200 pips locked in. So this EUR/CAD short is a hedge(somewhat) against my long but I didn't take the trade for that reason. If you like newsletters, trade ideas, and good investing stories, sign up below for my...

CalebDismuke

Technically speaking The ~116 level contains a confluence of support. The trendline going back to 2011 and the low prints going back to 2015 should provide support. We shall see. On the updside, 128 is the first level of resistance. What to do? I will be looking to dips around the 116 level, targeting a move back toward 128. My willingness to buy will depend...

CalebDismuke

Technically Speaking The $52 level was important to hold, in my view. We will have to wait and see where buyers come in, but I will be watching the $40 level. There were a near record amount of spec long positions. So the potential for more downside is likely. What to do? As long as 52 holds the upside, I will be looking to sell rallies. I will be...

CalebDismuke

Technically Speaking The 75 level has been an important pivot going back to September of 2016. A weekly close below the 75 level and the 100(red line) and 200(green line) DMA's would likely lead to further losses. If the 7500 level holds, I will be looking for long positions.

CalebDismuke

The 1.43-4360 level has provided resistance going back to the first of December 2016. I am looking at the 2 and 4 hour time frames for favorable price action. If the 1.43 level holds the upside, I am looking at 1.41 as the first level of support.

CalebDismuke

On watchlist. Looking to see if 15-20 will hold.

CalebDismuke

The Technicals As noted in the above chart, FB ended the week in the red despite a great earnings report. Is this just a blip before the next new high? Possibly. However, I believe these are not attractive levels for initiating a long position. I will be watching the $110 level on the downside if it ever gets there as a POTENTIAL buy. The Quarter Per...

CalebDismuke

The Technical Outlook Per the chart above, the next significant level is the high print going back to October of 2015. That equates to a ~61% gain from current levels. As noted above, 33% of the float is short, which tells me there is POTENTIAL for more upside. Let's look at GoPro's recent quarter. Per Bloomberg - "Revenue will be $190 million to $210...

CalebDismuke

Above is my short and long term view. The weekly close will be key. A close back below the week's opening range would be a bad sign, IMO.

CalebDismuke

Every trader is d/f, some like to pick the turns, some play the meat of the trends, some a little of both. I tend to fall in the first camp. It is a painful camp to be in, you must be comfortable taking small losses before you get the turn right, if you ever do. The close today looks awful for the bulls. Though I know things usually look worse at turns. I am...

CalebDismuke

As I noted in the above chart, closing below the 100 WMA again is a troubling sign for the bulls. I am watching the 52.50 level. If that level goes, the 200 WMA is up next at ~47.50. The last time Starbucks fell below the 200 WMA was in 2007. It fell another 70% bottoming out around $4. Granted, that period was an extreme event and the company is more mature and...

CalebDismuke

As I noted in the above chart, closing below the 100 WMA again is a troubling sign for the bulls. I am watching the 52.50 level. If that level goes, the 200 WMA is up next at ~47.50. The last time Starbucks fell below the 200 WMA was in 2007. It fell another 70% bottoming out around $4. Granted, that period was an extreme event and the company is more mature and...

CalebDismuke

The pivot level at $72 is being tested and holding, for now. I feel the line of least resistance is higher. I am looking for $84 eventually. I will be looking to buy dips b/w 72-65. A move under 65 and I would rethink my position. No position at the moment.