Fundamentals: The dollar climbed to a two-week high against a basket of currencies on Friday, as stronger-than-expected U.S. economic data appeared to boost expectations the Federal Reserve may raise interest rates more than once this year. Technical: Buyers failed to hold this upper area around 1.13660-770 above 8/21 EMAs. And now we have big, read candle closed...
Other sectors like $QQQ and $IBB lost leadership and $SPY is still hanging there. Still very choppy and range-bound with no real follow through. That is why, I will wait for reliable signal. For me, it is break and close below that neckline $204.39. Stop above right shoulder at $208.54, but for more active traders who want lower risks I would recommend...
Fundamentals: Illumina-1.38% made a disappointing start to first-quarter 2016 missing the estimates. Also, rising costs has potential to hamper its growth significantly. This rise in higher operating expenses impacted Ilumina’s cash flow reserve in the reported quarter. Technicals: In the mid of summer 2015 the price of stock accelerated with top $242. But...
Fundamentals: Illumina made a disappointing start to first-quarter 2016 missing the estimates. Also, rising costs has potential to hamper its growth significantly. This rise in higher operating expenses impacted Ilumina’s cash flow reserve in the reported quarter. Technicals: In the mid of summer 2015 the price of stock accelerated with top $242. But big,...
Fyndamentals: Netflix stock plunged down after earnings report as the leader of streaming video companies offered weak guidancefor subscribers growth. But it is not the only reason. The arrival of Prime Video as a more direct competitor, as well as Amazon Prime can create some challenges for Netflix. Technicals: The price gapped down below 200 EMA and holds...
Big Picture: Market is hovering around major resistance and curling down. Index for biotechnology is lagging. The company posted an earnings and reaction of investors was negative. No, it is building nive bear flag and with today's close it was resolved. Trade Management: Entry near $80.70 with respective stop at $82.20 make this trade very attractive from...
Despite the fact that every day we see negative news (oil freez failed) and different comments in articles, the action in market is bullish. That is why I prefer to listen the price, not analysts with their opinion. So, as we are approaching major resistance area after a long run, I wouldn't be chasing (initiating new positions) here. Better to wait for another...
Looks like this broken stock found support around $32 and bounced off. Now, consolidates nicely above 8/21 EMAs. Break up and close above consolidation resistance at $38.20 can bring more active buyers with stop below $35.25 and target at $42.80. That makes this trade reasonable from Risk/Reward perspective and probability/ Overall market is bullish which can...
Financial and Banking sector is relatively weaker than overall market. And with today weakness in S&P, the stock closed near lows after break of important support at $58/ Next target is $55 with stop at $60
Yesterday, was wide, ignited, green candle closed on dead highs. But today S&P opened with gap down 11 handles and traped some active buyers. The price closed slightly below 3-day support 204. It will take some momentum off and can lead to further downside or choppy environment. Today's candle triggered SHORT position with STOP abpve $206.50 and TARGET on...
Overview CERN continues to underperform. Overall chart is very weak, below all moving averages. And It feels like stock can accelarate to the downside when futures will find resistance. Today, it dropped down on big volume and closed right on $50 support, which acts like strong psychological level. Trade- and Risk-management Break below $50 will add some...
Overview: Twitter came the long road from mid $50s to recent low at $14. Usually, when crowd is saying (tweeting) that company is dying, that is when you have to be concerned about potential bottoming. Wall Street demands profits and growth from a company that's still finding its way. Technicals: After its earnings, stock bottomed near $14 level and spiked up...
Overview of Technicals and Fundamentsla: Facebook was one of few stocks that outperformed market after its earnings release. On earnings day it gapped up huge and closed above an important technical level $108. Then we saw two days of nice follow through and on third day it formed nice top and tail candle with high at $117.59. Usually, such candles are good...
At this point, looks like buyers failed to keep this upsode momentum. And break below $187 could leed to lower low below $181
Overview: The last six months price is trading in horizontal channel with support at $23 and resistance $28.50. Recently, company released its earnings, and estimates were higher than expectatoins. Probably, a good catalyst for continuation move higher. Now, it is constructing a bull flag. Trade- and risk-management The price has already triggered an entry at...
Overview: Yellow metal showing really good performance since beginning of January. There are many different factors that have impact on price: Fed rate decision, monetary policy of other Central Banks, macroeconomic data, supply and demand are some of them. Lets leave this job for analysts that receive sallary by the end of the mont. We are traders and our job is...
SWKS semiconducter company which is rising from $20 for the last two years. Seems like it is in idstributing phase after earnigs report (wide, red candle on chart). Price is below all key moving averages since long time. Makes sence to take some profits before it will reverse to the higha again. Break below 93.56 will trigger some selling pressure. With stop...
Recently, Gold broke up above intermidiate resistance/neckline. On chart, you can see inverse Head and Shoulders pattern which usually leads to reversal of previous trend. Since Reversal candle on the 1st of January of 2015 it feels much more constructive. Nice 2 days of rally after that actionable signal. Then it broke up resistance at $1,204 which later became...