HAL9000

HAL9000

Been warning about the SPX hitting a strong resistance towards the top of the current upward trending channel. Been suggesting to BUY GOLD and VOLATILITY (see other posts below). Correction now clearly engaged with Tech leading us down faster, after its beautiful run. How long this will last is unknown. However, please note the following: - Long term uptrend...

HAL9000 Updated 

Long term (imperfect) Cup and Handle completed, with a (failed?) breakout on the recent earnings. After an initial substantial pop after hours post earnings release, ETSY lost most of its gains. Now gently climbing back up over its breakout resistance of 45. Bought the shares at 42.65 pre-earnings. Held them through the up and the down. Awaiting a close above 45...

HAL9000 Updated 

After multiple breakouts above historical highs, SPX is hitting its upper trend line resistance. While the run might continue from here, this resistance creates uncertainty and the index might take a breather or stall altogether. I would keep long positions with strict stop losses and hedge any upcoming correction in the following manner: 1. Buy volatility (VXX)...

HAL9000 Updated 

Technicals down on all time frames Death cross on the monthly chart H&S pattern on the weekly chart Broke the SMA 100 to the downside Consolidation from the top of the current down channel (monthly) Bit oversold but the picture looks negative medium term, from here Look for a break of the SMA 200 at 1.1365, in which case higher probability of completion of the H&S...

HAL9000

GBP negative on all time frames. Long-term trend down. Multiple death crosses on the daily chart. Currently in the middle of the descending long term wedge. Brexit uncertainty not helping it turn around. As uncertainty continues, look for it to fall further towards the 1.20 level - Bottom of the wedge forming support. Short term rebound possible in light of the...

HAL9000 Updated 

After much suspenses and hesitation, last Friday was a celebration for the return of the bulls. The index broke out from the consolidation range it had created in January. The breakout took place in average volume, and the technical picture is now positive. Next levels to watch : - On the upside 2,790 / 2,875 - On the downside 2,742 / 2,676 / 2,650 / 2,600 / 2,575

HAL9000 Updated 

Backdrop Since the positive pre-announcement of last week, the stock has popped and broken its up-channel resistance at $12. All the while, the SMA 50 has crossed the SMA100 to the upside, providing a "golden-cross" positive cross-over setup. The stock has since given back some 8% - Been waiting for it to consolidate towards the resistance-turned-support. Trade...

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Exciting backdrop Fundamentally, Apple remains a safe haven Technically, the stock is positive on every time frame Double breakout It formed a visible, short-term cup-with-handle since Jan 18 (see chart) It broke out of the formation 3 sessions ago on March 8 (last Thu), in mild volume Yesterday, it also broke out and closed above its most recent historical...

HAL9000

Technicals Positive on all time frames Has broken out above historical high Has broken and closed above psychological $100 level This was done in mild volume, so volume confirmation would be welcome Trade setup Buy the breakout in half size Stop loss at 92 and 88 Target 110 Expected timeline for this trade 7 weeks Please mind macro numbers (CPI today) and...

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Fundamentally Preference for this sector highlighted a while ago (see link below) The current pickup in volatility should further help earnings Technically Brokers have been going up along with banks and asset managers ETFC is now technically positive on all time frames, if slightly overbought It closed above the 56 breakout level on Friday, after building a...

HAL9000 Updated 

Directionless Higher volatility with no direction is what we have right now, and it is difficult to trade. This index is acting like it is a little confused, not knowing where to go. After a historic rally and after repeatedly breaking historical highs, this is expected. Technically flat-lined Technically, it is sitting at the apex of the high triangle, which...

HAL9000 Updated 

Micron broke and closed above its very long term resistance at $50. It looks technically positive on every time frame and is bound on the downside by its 50/100 SMAs around $44 and its 200 SMA at $38. Buy the breakout here with stop-losses at 47 / 44 / 38 depending on your risk appetite and investment horizon, and target 64 and then 74. Alternatively, by an ATM...

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Fundamentally Interesting in the context of the current pickup in US retail activity. Technically Mixed/weak after a good run and after printing a new historical high. Earnings momentum The previous two publications took the stock up 10% every time. Play a continuation in the positive earnings surprises, as the company releases today after market. Buy ATM...

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GE has been holding up well its support at 14, and has been bucking the trend of a consolidating market. Short-term technical indicators turning positive. Looks interesting to purchase in small size to play the rebound. Buy at 14.25 Target 15.00 Stop-loss 13.95 Reward/Risk = 2.5x

HAL9000 Updated 

LULU broke out in December 2017 after posting solid earnings, and has been building a base since, below 82. The 82 resistance has been tested multiple times before since 2012, but the stock had always failed to close above it. Yesterday, the stock finally broke out AND CLOSED above its $82 resistance. This is a signal to buy the shares. From here, we look for: -...

HAL9000

The S&P500 is sending mixed technical signal on all time frames. Watch a break below 1640 for further potential consolidation. Would like to see a break through the black resistance line, in order to get upside confirmation. In the meantime, higher volatility and a tight trading range = Prudence required.

HAL9000 Updated 

VET looks like it has bottomed two weeks ago exactly at the long-term support of its up trending channel. Since then, it has rebounded, traded and closed above its SMA200, no later than Friday. This could be a positive sign for the upcoming earnings on Thursday. Looking to play a confirmation of the rebound by buying an ATM call on the closest expiry, ahead of the...

HAL9000

VET has been in an up-trending channel since mid 2017. Currently trading towards the bottom end of this formation. Technically looking positive in the short term and mixed in the longer term. Earnings upcoming this week, with an improving oil environment. Play the $30-40 range in the following way: 1. Buy ATM Mar 16'18 call and pay $0.80/share 2. This...