IBM is offering a great entry for the long term. With earnings having beaten expectations for Q4, I'd be looking for a long trade here, mostly because we've hit a very strong long term support level, but also because the company's valuation at this level seems interesting. You could look into protecting the downside selling covered calls. I reccomend a 9-18% size...
IBM announces earnings tomorrow after market, so look to put on a play before market close. Here are two possible plays, but I'm looking at these in off hours, so I'm doubtful that the potential credit to be received is accurate, although the strikes, probability of profit, and break even metrics should be fairly accurate (as usual, they may require a strike of...
Next week is literally hopping with potential earnings announcement plays. I've tried to pick out the ones that (1) have > 70% implied volatility rank; (2) offer greater than a 1.00 credit ($100) for the "classic" one standard deviation short strangle setup; (3) have fairly good liquidity with options prices; and (4) offer weeklies, but there are also a few...
IBM ($IBM) continues to be bearish even after announcing partnership with Apple ($AAPL). Investors will avoid buying it before earnings announcement (Jan 18 - Jan 22 (Est.))
Failed to break support area, may test again but risk reward is very good 4:1
Moving sideways, i have an JAN 16 order for a bear call spread 141/142 Everything looks to confirm sideways movements especially the bearish engulfing candle on 12/30
This is becoming somewhat of an epic, post-earnings work-off setup. Without boring you with all the details (which are outlined in the post below), my post-earnings setup, after rolling and such is currently a Dec 7 140/143/140/143 iron condor. The 140/143 is the put wing and, yes, the 140/143 is the call wing (so it's basically inverted, with the call wing...
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IBM is on risk of 5-year downtrend after falling out from 1st standard deviation from 5-year mean. Additionally, price has fallen out of 1st standard deviation from 1-year mean, this is on short term downward risk as well. Thus unless price trades back above short term risk order @ 150.5 - and then back above larger downtrend risk border @ 157.5 - risk of...
In this post I would like to put together some previous stock market calls (still valid), as well as add two more promising shorts. It's been a rough week for US stocks culminating in a clear break of the Head&Shoulders' neckline at 2045. This kind of pattern is usually referred to as "Complex H&S top" , because there are multiple peaks and its "head" is a H&S...
IBM had a disastrous quarter in Q3 2014, where growth dramatically slowed. The market has punished IBM by selling it off hard. Following its drop from $190 to $160 IBM went into a long period of accumulation. The chart reminds me a classic Wyckoff pattern. As Richard Wyckoff explained in his seminal book on tap reading, large Wallstreet operators are not afraid to...
With FireEye and Cyber very hot, and Raytheon buying WebSense, Blackberry looks cheap and very buyable. CEO John Chen wants to build BBRY to a bigger company (20.00+/share), but a 16.00 offer is viable. Majority shareholders could push hard enough to give in. I'd like to see BBRY get more partnerships that make it indispensable. Ultimately should be worth...
I have recently being reading a lot of about institutional buying and selling. And this looks like a perfect accumulation phase from the institutions
Based on recent material I have read about institutional buying and selling this looks like a perfect accumulation phase. Notes are on the chart :)