AlvarezCapital

AlvarezCapital

What's up everyone? i hope everybody is ready to kill it this week! I have a breakout stock that caught my eye friday. $work broke out out the recent resistance last week and is now holding its new found support. This breakout now gives way to $35 and keep a stop loss under $29, i will be playing this via call options.

AlvarezCapital

We have been an a aggressive bearish on NG for months now, the commodity has stopped making lower lows and the momentum is switching to the upside. TP1 - 2.00 TP2 - 2.20 TP3 - 2.50 Conversely, remain cautious and have a stop loss at the 1.50 area

AlvarezCapital

Amazon is going to announce earnings this week, a lot of investors expect the ER to be stellar. According to price action i remain bullish on $AMZN and see the 2500 level crushed soon!

AlvarezCapital

Every time $SPCE is getting ready to announce earnings there is a big hype that drives the stock up! Also, there is a lot of call volume for next week for this stock. the chart also suggests a breakout pattern and i believe it is because of earnings. i will cut my losses anything below $17. This is a good play with options because you can only lose your premium if...

AlvarezCapital

Gold has had a good run these past couple of weeks. However, it has reached the 1700 level of resistance. Gold has had trouble penetrating this level and staying above it. The shooting star candle is a huge clue that sellers have come out to play. My plan is to short it to the 1590 area and stop my loss at a close above 1750 level. There is a lot of uncertainty...

AlvarezCapital

After the massive sell off in the market as a whole we are at what i consider the make or break point. we are looking at the weekly time frame, this is what we can conclude. 1. DJI hasn't broken below its 200 moving average since the financial crisis in 2008. 2. All major indexes are oversold. 3. The market as a whole needed to reprice. as you can see as soon...

AlvarezCapital

Amazon has filled up the gap on their earnings call gap up, after the company announced Q4 earnings it soared to new highs. As history shows, after a company fills in the gap on a gap up it has a tendency to continue the uptrend to new highs. Besides, the uptrend remains intact and i plan to be in the stock for a few weeks IF the technicals don't break pattern. I...

AlvarezCapital

Kinder Morgan has been a beaten down stock for the past months, looking at the weekly time frame the stock has reversed direction into the bullish side and is now validating the 200ema as support. Im looking to be in this for a few weeks, Kinder Morgan correlates to oil and gas and the demand for both has increased due to most of the factories in China opening up...

AlvarezCapital

I got back into Disney after this weeks sell off, i easily see the stock back to the $150 price point after earnings which they announce early next week. I speculate a strong number of subscribers for their Disney Plus platform, the only risk i see for Disney is the corona virus and the effect on their amusement parks, but i see investors more focused on their...

AlvarezCapital Updated 

Amazon spend a lot of money investing in one day shipping last quarter and it showed in their disappointing earnings. This earnings season I believe this investment will show and hopefully send the stock rallying back to $2000. trading at 80 times earnings is not a cheap stock but the risk to reward ratio is worth it for me. Additionally, the bull flag showing in...

AlvarezCapital Updated 

Natural gas has been trading in a horizontal pattern for the past months, the buyer sensitivity at the daily support is very high. The long wicks say it all. in this trade im keeping my position at a manageable size and my stop loss tight. I plan to be in this trade for a few weeks. The Win to loss ratio is very attractive, and volatility is a traders best friend...

AlvarezCapital

even with the middle east tension oil couldn't push above its weekly resistance. this reminds me of the attacks on the tankers just a few weeks ago, price pushed higher on the news and came crashing down, in this instance, I think its is going to be the same. additionally, that huge wick candle its a big clue that price will come down.

AlvarezCapital

on the next few days and possibly next week I see a retest of the 55 area of support for /cl before attempting to break the resistance area of 59. I don't see oil bullish until we get a clearer direction as to what is going to happen with OPEC in December. until then I continue to be bearish.

AlvarezCapital

In the following my thoughts on oil. History repeats itself, i took all the black arrows that you guys see in the charts and clone them and measured out the following drop. all the drops had about the same percentage of loss.Additionally, oil continues to trend below the 15ema and continues its bearish path. Next i see oil coming down to about 67 and we will...

AlvarezCapital

nice double pattern play continuation on AMD, i would consider taking profits around the 27-27.50 price point.

AlvarezCapital

I'm watching AMD on a potential double bottom play. we will see if this current support holds, otherwise i see the stock tumbling down to $18. The semiconductor space has been getting beaten down by tariffs and overall market conditions.

AlvarezCapital Updated 

Within tomorrow or early next week we should expect to see a test of the resistance area of 96, if it fails to puncture thru this level i see it coming back down to the 95.50 level and eventually down to 95.

AlvarezCapital

bitcoin has broken a major downtrend level, next level to watch is the $6700 level.