HAS is moving in an uptrend and appears to be near the bottom of the channel. Expect markets to fall on October 14, 2016 but a positive earnings could cause a bounce off of the support line. The best time to BUY CALLS may be the end of the day on October 14. Outside of playing earnings, from a technical level the stock should continue up.
Having just flashed a sell signal, FAST is about to hit the top of the trend channel. Earnings may finally be the catalyst for this next move down. If FAST holds to the trend, upon hitting resistance, the next stop could be below 39.00. The safest bet is a drop to around 40.00 as this has been recent support. The triple stochastic indicator has been pretty...
I have been in the bear camp due to the Fed's further inaction. Even though I am not a fan of Mr. Trump, he is 100% correct we are facing a bubble. The longer the Fed waits to act, the larger the bubble grows and the harder the markets fall in their split-second psychological reaction. The Head and Shoulders pattern could be the beginning. Still would not be...
Expecting S&P 500 to drop at least 11% within next month. This could be spurred by Fed, BoJ, or US election debates.
The last 3 times this indicator was this high, the DJY0 dropped about 15% and 12%. Last time this drop was due to the Fed deciding to raise rates, the drop was 11.95%. It would be safe bet a drop of at least 11% could occur over the next month.
SPY completed a Double Top on August 23, 2016. This common signal should allow for some downtrend in the future. The question is at what level will support be found. After the "RUMINT" from Jackson Hole was released, the first level of support was broken. A 10% correction from the Double Top would occur around 198, which is Support Level 5. Depending on how fast...
Trend and company face rough time in lockstep with global uncertainty.
Recent RUMINT suggests continued volatility in the markets with one to two possible rate increases from the Fed. The second day of each meeting during the summer is highlighted here. The continued uncertainty favors gold and SPDR GOLD SHARES in this instance. Not to mentioned the nice little trend channel that has been entered.
Following the cycle and adding rumored earnings disappointment, further support a drop in AAPL. The main question is how far. I feel confident the drop will make it to at least 102.20 based on some averages of current trend channel drops plus/minus buffer days/points. While it is around an 8% drop in stock price, the gains to be had are in the put market. Time to...
PFE is set to drop to at least sub-30s prior to earnings. This 10.14% drop off its recent high around 32.94 on April 6th will be a great short opportunity. Looking for 85% movement on put positions for this change.
If it stays within this trendline, the safe bet is a move South to at least 40, but most likely 38.35. This has been the minimum movement mark once the resistance line is met.
COP continues to stay in a trend channel. Although it takes a while to bounce between the support and resistance levels, it is consistent. Expect COP to hit the resistance prior to earnings date. It will then decline after earnings and who knows how low it will go. Also anticipate the ups and downs of oil to keep this cyclical. Place your calls and prepare puts!