After forming an island reversal last week, complete with a massive bearish engulfing candle off of all time highs, the break below the trend line support and 20dsma seemed fitting. Today's action was bearish, as volumes were subdued relative to recent down days. This suggest that few participants are eager to defend prices in a significant way and bid the market...
enter @ 47.54 nice weekly support below X
The only earnings play coming up next week that currently interests me from a premium selling/volatility contraction standpoint is MU -- with a background implied volatility in the 60's -- which announces earnings on Thursday after market close. Neither ORCL nor FDX -- which announce Monday and Tuesday respectively -- have sub-30 implied volatility, although...
ORCL down 10% after earning season with 1.64% beat estimation. We have one more down after dividends share in october. From fundamental anaysis this sharp down only correction, coz oracle have many good financial data. from financial strength, this stocks have 6/10 score, with : Cash-to-Debt 1.26 Equity-to-Asset 0.42 Debt-to-Equity 0.95 Interest Coverage...
if orcl crushes earnings expect a 5-14% upside :)
Yesterday, ORCL gapped up. It opened at almost $52 but closed closer to $50. This morning, ORCL dropped below yesterday's low but quickly got back up above that low. If ORCL can stay above 50 it should see higher prices. Any long play should have a stop at $50.
No one could have ever spotted that selling price / resistance on ORCL.... ;-) Bearish to sideways while it's chopping around up here. BUT - when it does break out... ZOOM ZOOM
Well, it looks real... Oracle is already traded the highs, technical the stock is distributing. So It is question of whether we upthrust or we go straight through the Ice. Not one I want to bet on...
Stochastic created two divergences simultaneously. There is a ~75% chance of price following the stochastic this time. If it does, expect the price to trade in the box given. So be bullish on Oracle.
This is more of a "Concept". I am a complete newbie, just looking to validate the concepts of these patterns. Please feel free to comment and critique. I would appreciate the feedback.
Here's what I'm looking at for next week: VIX/VIX PRODUCTS . VIX finished last week at 16.50. I will look at VIX/VIX product setups early next week depending how the "horse does at the gate" (Monday). If we see a tight range in the S&P like we did pre-Draghi in prepation for FOMC, VIX could drift go a little lower Monday through Wednesday, in which case I will...
With the VIX finishing the week out at 16.66, next week is setting itself up to be a less than sexy week for premium selling, particularly in broader market instruments like SPY, IWM, QQQ, and DIA. Moving to other sectors, the Brazil ETF, EWZ continues to be hot premium selling wise, with an implied volatility rank of 72. A couple of issues in the oil and gas...
NYSE:ORCL "Cloud competitors have their eyes on Oracle as the company continues to rapidly build out its SaaS and PaaS product offerings. To put this in perspective, Oracle’s human capital management (HCM) SaaS product secured three times as many new customers as competitor Workday’s similar HCM product. This focus on the cloud has led Oracle to expect...
Only two earnings plays stick out to me this coming week -- FDX and ORCL, both of which announce earnings on 12/16 (Wednesday) after market close, so look to put on setups before NY close on Wednesday. Currently, FDX's 52 week IVR is at 54 (IV 34), which isn't stellar, but it's at 92 for the past six months. Moreover, there is pretty good credit to be had...
I think now is a good entry for a long position in ORCL.