NFLX looking good heading into earnings season. Recovery from the "global worries" (which it had not part in) and a slew of upgrades. Probably not the best to initiate a position, but not a bad time to add a little tif you already own. If you bought into the weakness last week (like me) you should be satisfied. Look for this to Pop tomorrow as $JPM reports a good number.
$SBUX is following through on a great last two weeks of price action. On a down day in the markets overall, the stock is up over .5%. The next hurdle to get through is the year long resistance level at $58.10. If this can break and hold, the stock has nothing but clear skies ahead.
$SBUX has finally reached a buying opportunity! The stock has successfully held last weeks breakout
The RSI has crossed the longterm downtrend and is above the 50 mark
MACD has crossed and held
Volume was large last week, and continued into this week
Continued earnings growth
Order set for a limit purchase at $56. position size 100 shares ($5600)
$SBUX may be coming back into play. With a better than expected quarter (in my opinion) and really putting the focus on Chinas growth, we may have a breakout.
CMF is still in an uptrend since September
MACD is looking like we may have a shallow cross
RSI has ticked back up
Support at the $52.50 mark was held and bounced.
All these together make it go higher on...
Switched to the daily for this pattern. Looking at a cup and handle into earnings. After a breather this past year, cyber is becoming another hot topic with the election. Pay attention to this as the next 2 weeks go. Im a buyer on volume
$FB is currently in a post earnings dip (a good thing). This is what is needed in order to reset the stock to afford us another buying opportunity. As you can see, the stock has made a habit of dipping around 10% for around 70 days before the breakout occurs. If this holds true, the best buying opportunity comes in around day 50-55. This would set the stock in the...
$SBUX continues its slow decline through 2016. After an incredible run in 2015, this is to be expected. Although $SBUX is still maintaining its dominance in the coffee world, it is at the end of its massive growth cycle. I expect growth to be incremental in foreign countries and China to determine the course of the stock over the coming months/years. Until it sees...
NFLX has been stale, like predicted, since May-June. We all want to see subscriber growth and the long term plan for taking over TV. With such high valuation, the stock needs to perform. I recommend waiting until earnings to make a decision, but if you are a big risk, big reward type of investor...if you feel confident, now may be the time to strike.
CRM is currently leveling out around the $73 mark. The past pull back was only to $73. This is a key level of support for the stock. Also, the MACD is curling and could break through. Either way this is a key level. Bounce = Buying opportunity, Drop = wait/selling opportunity
$LULU has been one of the hottest stocks this year....until today. Their mixed guidance for next year is nothing to worry about. If you don't live in a cave you know every girl either wants or wears lulu. I know there are cheaper options, but lets be honest...they are a status symbol. As long as the stock holds $67, i think you pick some up.
$SBUX was a MASSIVE winner in 2015, doubling its stock price. Since November of last year the stock has taken a breather. $SBUX has been unable to sustain a breakout over its MA's. CMF seems to have bottomed out and is leveling off nicely. We will keep a close eye on this stock as the year closes out. I expect $SBUX to regain momentum early 2017.
Short term =...
What will $FB do next? Each time $FB has entered a downtrending channel, it usually bounces off support at 46-49 days and falls 10-12% before the rebound. After today we are at 60 days and around 10% down from the high. I see two scenarios, it either drops to support at or around $97.50 (around earnings time) before bouncing, or possibly fall to the $90 range...