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Adobe Trend Reversal or Buy Opportunity? Adobe (ADBE) exploded upwards on Friday, March 16th after reporting their earnings. At the same time, a huge reversal bar formed on the daily chart with the close at $126.94.  The following trading day’s bar closed just below the low confirming a possible reversal of a pretty massive uptrend the stock has been under over the last months. Not to mention, Adobe and Microsoft (MSFT) have announced a joint venture in customer engagement and marketing, as well as an Adobe announcements of new cloud services.  The cloud services could become a new commercial source of revenue, especially with Adobe’s niche in the creative marketplace as opposed to cloud service providers like Amazon’s (AMZN) AWS. But is it time to go short and sell? Well, for now, yes, or with less capital risk, fade the reversal.  Fundamentals for the company are strong, with growth showing in the long term. But our strategy is a swing strategy to take advantage of lower risk opportunities.  This trade with a stop loss above the high of the reversal bar at $130.30 is definitely not the lowest risk of them all, but a credit spread might suffice before a high potential for bullish continuation in the long run. If you’re an options player like myself or a straight underlying trader, then here’s a few sets of trades depending on your investment style. 1)      Short the stock Entry: any price today Stop: $130.31 on market close Trail it after two more days of closing bars until breakeven. If the trend has started in the downward direction, trail it to our middle moving average and follow it until the bulls take over 2)      Credit Spread Sell X Call, 21 Apr 17 Exp, 130 Strike Buy X Call, 21 Apr 17 Exp, 135 Strike Max Profit: ~13% Return on Risk/Investment 3)      Stay on the sidelines, and wait for a buy signal fractal for medium/longer term trade Buy X Amount of Calls, 20 Oct 17 Exp, 115 Strike Again, from a technical standpoint, we currently rate Adobe (ADBE) a Sell in the short term, but the bullish uptrend has a high likelihood of continuing in the medium to longer term due to the fundamental outlook and growth opportunities for the company. Until our next article.
NASDAQ:ADBE
by EdgeAnalytics
Buying Position - AUDCADThe support line has been tested 3 times and the RSI is indicating that this pair is oversold , You can clearly see that whenever the RSI hits those levels of oversold it shot up. I will set this pair for a buy and will hold unto this till around the 1.01600/1.06700 levels. P:S Fundamentals is also saying that there is a lucrative deal occurring for Australia in increasing there Iron ore output to countries like india which will strengthen the Australian currency.
Long
by Jamal92
Buying Position - AUDUSDThe daily candlestic k closed on a strong support which was around since the 18th of January 2017. I have left an order for a buy and will hold to this pair till around the 0.76000 levels . The RSI is also nearing the oversold mark which is another indication that a buy is in order P:S Fundamentals is also saying that there is a lucrative deal occurring for Australia in increasing there Iron ore output to countries like india which will strengthen the Australian currency.
Long
by Jamal92
We Think $SIRI Has Some Sirius PotentialHonestly, I didn't even know Sirius XM was a publicly traded company until 6 months ago. Mainly because it's under $5, and I generally tend to avoid such stocks after getting burned in the penny stock world so many years ago. But SIRI is an interesting ticker, and one we recently acquired quite a sum of shares in for the long run, and by long run, I mean retirement. We bought for multiple reasons, none of which revolve around Warren Buffet's company Berkshire Hathaway (BRK-A/B) increased stake in the company; although that can be a nice boost. First, the company declared a quarterly dividend of $.01/share (.04/share/year). Granted, this is not a lucrative dividend amount by a long-shot, but it is one indicator of a fundamental shift in the company's long-term outlook to their business success. In essence, I like to see a company project confidence in their model by thereby rewarding their shareholders, even if it's a little. Oh, and that doesn't mean it won't grow in the future either. Second it's maintained a nice technical uptrend, so we're at least going to ride it for a bit of the long haul.  We've had two entries hit since the stock really started running. Third, we don't like to speculate on the future of a company's capabilities or markets, but due to our knowledge of satellites, I find it interesting that SIRI is named as a potential contender in the "Connected Car". The possibilities of Sirius's S-band downlink being used as a secondary or tertiary backup link, or a data stream to the cars' ability to predict traffic and best routes possibly could be a market entry when the self-driving car technology gains a foothold. This would allow for contractual growth and a steadily grown curve of revenue. For just a minute though, let's get a little crazier and speculate a little bit. Another interesting concept is Sirius' versatility and the company's placement's potential for scale. In reality, Sirius is a Satellite communications provider; it's just a one-way transmission to your car radio. But here's food for thought: satellite phone communications. At the moment, most sat phones are not even worth the average consumer buying due to the high cost of operation ($6/minute) and the infeasibility of carrying a brief case that holds the equipment. But when we looked at SIRI, we look at how other companies might be looking to scale, and how SIRI might do the same. We personally think that there's only so many cell towers one can build, and they only provide coverage in a certain area. Furthermore, the current satellite phone providers such as Iridium, Globalstar, and INMARSAT have a huge cost, and rightly so due to the amount of satellites they've put in orbit to maintain their service provision. But I think Sirius is a well-known consumer brand. Seriously. Ask any person on the street what it is and they'll likely tell you it's a satellite radio. Now tell that same person that Sirius is providing phone services to their iPhone/Android/Pixel. They probably wouldn't be very surprised would they? But how would SIRI do it? Possibly through a joint venture with a company like Google or Android since Apple is a competitor in the online music streaming business. If Google (NASDAQ:GOOG) were to come in, design a proprietary receiver/transmitter into the phone it'd be a win-win for both companies. Also, SIRI would be that service provider undercutting the competition SATCOM providers as well as terrestrial providers like Verizon (NYSE:VZ), T-Mobile (NASDAQ:TMUS) and AT&T (NYSE:T). Thus, Sirius would have then successfully expanded and would gain an insurmountable competitive advantage. The transmission architecture could possibly be supported both through uplink communications to a leased COMSAT (cheaper than building a new one) or through the joint venture to build an entire new constellation. Not to mention, Sirius already has a terrestrial repeater network for their radio services (much like cell towers), and this could have a
NASDAQ:SIRILong
by EdgeAnalytics
Selling Position - GBPUSDA hammer candle has formed on the Orange trend line (Resistance) which is big indication for it to go down but keep note that Teresa May will be talking about brexit on a Tuesday which will cause this pair to be volatile in either position but for Monday, I can clearly see it go all the way to the purple trend line (Support) if the resistance line does not get breached. * Potential for it to go up is possible but due it to it being tested twice and causing it to drop has given me the conclusion for a short
Short
by Jamal92
1
Neutral Position - GOLDThe trend line ( Purple ) has been tested twice and and the resistance ( Green ) that was formed on the the 14th of December was tested and caused a drop on the downside and nearing the trend line. If it breaks through that expect it to hit the 1137.33 levels and if it doesn't breakthrough that and respects the trend line. I will hold the position till it hits the resistance line. . Keep the SL for the buy just below trend line or below the first support level ( 1145.54 ) . Keep the SL for the buy just above the trend line ( 1150.46 )
TVC:GOLD
by Jamal92
MSFT Cutting Credit Spread Losses ShortThe name of the game in trading is knowing when to cut your losses short.  Goldman Sachs upgraded MSFT in premarket trading today, which caused a gap up in the opening price.  We're in the red about $105 from an originally $252 max credit trade.  We're going to wait for market close before cutting our losses on the position. If the close looks to be as if it's going to be above our moving averages (highly likely), we're going to take the loss. If not, we'll hold the position through Monday to determine whether to continue playing the game and even potentially open another credit spread on the Bull Put side for some time premium
NASDAQ:MSFTShort
by EdgeAnalytics
NZD/JPY Sell off resistancePrice action on this pairing is giving us so many good opportunities to make solid trades off of such a clean channel pattern. With Long term resistance remaining essentially breach-proof during this consolidated bear/flat channel since the beginning of February, the time to trade it short off the D TF is right about now. My stop loss is even with the previous uptrend's candle wicks. (75.925) My profit target will be triggered if price can fall to 74.835 That is a risk/reward ratio of exactly 1/2.3, and would provide a profit valued at 74 pips.
by AlexJaensson1