Google closed the week strong after triggering a break out mid-week, setting up longer term for a move higher
Financials (XLF) showing relative strength this week and a midday trade put on 50,000 April $27/$24 bull risk reversals for $0.26, top holdings BRK.B, JPM, BAC, WFC, C, USB, AXP, GS, CME, CB
GS flagging on weekly with volume pocket up to $218+ on move above $200
8X8 saw notable March calls bought into earnings weakness and now nearing a large weekly base breakout w/ RSI climbing
ORCL also seeing monthly RSI break out and MACD looks to cross bullish
Intersect ENT (XENT) will report earnings 2-25 after the close and shares closed 5.94% lower last quarter on earnings after being down as much as 11.1%, though a name that closed higher its previous 9 reports. XENT has seen some unusual activity with 1,000 March $35 calls bought $1.75 and 3,000 of the July $27.5 ITM calls bought to open around $5.50 that sit in...
ES_F unable to crack through trend extension resistance, turned away right at expected spot, support down 2745/2755 zone of the 6 week trend
Treasury (TLT) with 3,000 September $121/$120 bear risk reversals opening for $0.08 debit today
Crude Oil moving out of large weekly base this week that measures to $67, seeing lots of call buying in levered/speculative small cap Oil names past two weeks, could be ready to rip
Hecla Mining (HL) strong today with September $3.50 calls seeing 3,200 open this morning, smaller lots and could be a newsletter, but a strong break above the 200 MA today for the small cap in a hot precious metals sector
ILMN triggered a bull 8/21 cross and a large weekly base forming, above $314 breaks out, and weekly MACD nears a bull crossover
Google looks to be setting up a multi-month basing pattern and above $1133 can break sharply higher
China (FXI) afternoon buying in August $44 calls for 8,990 contracts $2.15 to $2.18 right into the close. FXI large weekly base forming $38/$42 that measures up to a $46 target, also would retest the key 2018 breakdown and be a 50% retracement.
AXNX big range break today for the recent IPO, $435M maker of sacral neuromodulation solutions for overactive bladders and urinary retention. AXNX presented positive data this morning and will report on 3-5. It is an early-stage med-tech Co. with $6.9M in revenues seen for 2019 but forecasts calling for $200M+ by 2022.
EFA freshly breaking out of a large weekly bottom and seeing a number of top European names w/ similar patterns $SAP $ABB $UL . European stocks have lagged the US but may have some nice upside here
ZUO base breakout measures back to $26, also a 50% retracement near there w/ the 1000 Jan 2020 $25 calls today
Via OptionsHawk.com Mercado-Libre (MELI) will report earnings 2/21 after the close with the Street calling for ($0.11) EPS and $411.7M in Revenues (-5.8%) on tough Y/Y comps, while Q1/FY19 seen at ($0.16)/$418.9M. Shares have closed higher 9 of its last 11 reports with a six quarter average max move of 9.6% and average closing move of 7.4%. The $16.3B operator...
TRV shares looking to move out of a long channel while weekly RSI already broke out. Shares moved out of consolidation last week and back over its 200 MA tradingview.go2cloud.org