trading412

trading412

BA was stuck in a bearish downtrend from the beginning of march. It broke lower out of the descending triangle on 3/28 and 4/4 but seemed to have been volatility false breakouts. Bullish if it can hold support from previous resistance of the downtrend.

trading412

Support at 100 day MA at $88, and again from 5 month trend at $86. Seemingly somewhat limited downside to those supports, but strong downward momentum good bring the price there and potentially through quickly. Risky debt situation, if revenues dry up at all they could be in trouble with the 15B in short-term debt vs only 21B in FCF. A debt to equity >1 could...

trading412

200 day MA support broke down monday and turned back wednesday's rally. Still has mild support at tuesday's $162 double bottom. If that fails, next technical support is at long term trend level and 100 week MA around $150. Potential rally to 170 but will likely be turned back. Risk range: 150-175

trading412

Crashed through the 100 day MA and the channel support that we've been in since the Feb vol sell off. Now Looking toward the the triple support at $258 - the feb lows, 200 day MA, and the lower end of the new potential channel. Breakdown of 258 would indicate that all of the people who are saying this debt bubble will burst causing the a worse crash than the 2008...

trading412

Strong wedge breakdown this week. Momentum downwards likely to find strong triple support at $233 - triple: the 200 day MA, the Feb lows, and the bottom of the new trend channel. If we break $233, time to gtfo.

trading412

Broke through the upward channel support at around 3:05pm today, so more pain likely to come. Now were almost right up against the 100 day MA but I doubt that holds with the strong momentum downwards. Likely down to the next level of trend resistance at around $150. With the 200 day MA at 147.50 and high volatility, it sets up a scenario of blowing through the...

trading412

SQ has had an incredible run almost doubling since it's February 9th lows. Does it have more room to run or is this a bubble waiting to pop? Square has had noteworthy growth in their payment processing platforms with revenue growing at 40% year-over-year. They have become the chosen platform for Point-of-sale transactions for small businesses and their "Cash App"...

trading412

Hitting channel lower resistance, target 98 stop 93

trading412

new lows continuing to be made in the UK. Bad macro data coming out of Europe setting up for a 2015-style correction

trading412

short pause in the long term bullish channel for the EURO vs the USD. This could correct to as low as 1.22 before continuing higher. The dollar index in a head-and-shoulders pattern is bullish for the euro here and the Euro could see its upward trend continue with out much more of a correction

trading412

Head-and-shoulders pattern in the dollar index. In a fight with the dollar trying to rally against the euro. Looking to go long on gold as the macro environment around the dollar breaks down.

trading412

Negative macro data coming out of Europe supports the DB continuing downtrend. Currently stuck in a wedge pattern after a slight channel breakdown. looking to break lower out of this wedge.

trading412

bearish over the short term (q1-2) but bullish over the long term. The dollar is set up to rally against the euro 0.12% , and as the largest portion of the dollar index -0.10% drives where it goes. A short term stronger dollar sets up for falling gold -0.03% prices, again just in the short term. After this dollar rally, we could see the dollar continue to fall in...

trading412

doward channel should start resisting a higher move, looking to short xle or xop

trading412

strong upward channel, targeting 280-285 before retracement

trading412

may follow oil higher, bullish if SLB can breakout of this wedge, haven't considered potential future supply-demand change in oil

trading412

Double bottom over the last two days holding the a resistance trend since early December 2017. Target 230, stop loss at 185.

trading412

Cheap on valuation with accelerating growth, ascending wedge remains bullish, dip provides nice entry point