Tag: $NOV
Premarket Notes July 31, 2019: FOMC, EIA, #OOTT, $USO, $NOV, $TREX, $CHEGG, $TSLA, $AMD …
Premarket Notes
We entered a new swing trade yesterday in TESLA that is doing excellent, closed the AMD swing trade prior to earnings which was a great call because it lost a lot of value after earnings were posted after market, are trading the Crude Oil move that seen a huge gain after the swing trade alert was issued and today we look at National Oilwell Varco, Trex and Chegg after they had larger than normal earnings price moves.
More swing set-ups / alerts on earnings to continue.
We’re also working on time cycle trades for SPY, VIX, Gold, Silver, DXY, BTC, DXY and more than we will report on soon.
10:30 am
#EIA Crude Oil Trading Petroleum Inventories – Main Trading Room, I will be in attendance.
2:00 pm
FOMC Announcement
Thanks
Curt
Nice snap back trade $TSLA 4 Hour Chart pic.twitter.com/tkLzzNzUu4
— Melonopoly (@curtmelonopoly) July 31, 2019
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Article Topics: Premarket, Trading, Watch List, Stocks, Commodities, Alerts, Trading Room, Bitcoin, FOMC, EIA, #OOTT, $USO, $NOV, $TREX, $CHEGG, $TSLA, $AMD, $GLD, $SLV, $SPY, $BTC.X, $VIX, $DXY
Swing Trading Strategies (Earnings) Part 4 : Premium | $NOV, $TREX, $CHEGG, $TSLA, $AMD, $USO …
Swing Trading Set-Ups, Strategies, Alerts, Charts, News. July 31, 2019. …
Below are Swing Trade Set-Ups Currently On Watch (in addition to the others in recent reporting) $NOV, $TREX, $CHEGG, $TSLA, $AMD, $USO, $AMZN, $GOOGL, $TWTR, $FB, $JBLU, $OAK, $INTC, $SQ, $BOX, $PXD, $TLRY, $EEM, $AGN, $XOP, $MGI, $PLUG, $BTC, $LYFT. $IOTS, $STNE, $TEUM, $AU, $OIH.
Earnings Trade Positions Reporting Special Notes:
July 31 – We entered a new swing trade yesterday in TESLA that is doing excellent, closed the AMD swing trade prior to earnings which was a great call because it lost a lot of value after earnings were posted after market, are trading the Crude Oil move that seen a huge gain after the swing trade alert was issued and today we look at National Oilwell Varco, Trex and Chegg after they had larger than normal earnings price moves.
We’re also working on time cycle trades for SPY, VIX, Gold, Silver, DXY, BTC and more than we will report on soon.
Per recent;
July 22 – Below are some equities in focus this week with earnings, the follow- up reports on deck deal with other earnings focus equities and time cycles for the indices and specific instruments we focus on (GOLD, SILVER, VIX, SPY, OIL, US DOLLAR, BITCOIN).
Per recent;
Over the coming days we will be re-visiting all recent swing trade set-ups, alerts and trades in progress to reconcile the trades in advance of earnings and prepare for the new on other side of each new set up from earnings reports. This will involve a significant number of posts, trade alerts, mid day reviews in the trading room and videos that our members will receive a copy of.
Executing your swing trading strategy with our charting reports and live alerts involves using the key support and resistance areas of the charting, time cycle peaks, trajectory of trade and conventional indicators such as MACD cross-over and Moving Averages.
Alerts are not always issued at each add or trim to positions because that is simply not possible so you do have to manage your trade.
In many instances a clear swing trade strategy is laid out in the newsletter and/or videos so that you can manage the swing trade according to your risk threshold and account size.
If you struggle to establish a trading strategy with the information provided on our reporting, videos and alerts then some trade coaching is recommended to get you started.
Part 4 Earnings Swing Trades:
Why National Oilwell Varco, Trex, and Chegg Jumped Today. $NOV National Oilwell Varco (NYSE: NOV), $TREX Trex (NYSE: TREX), and $CHEGG Chegg (NYSE: CHGG) #swingtrading #earnings #premarket https://finance.yahoo.com/news/why-national-oilwell-varco-trex-202900625.html?soc_src=social-sh&soc_trk=tw https://twitter.com/swingtrading_ct/status/1156489920032231424
Bigger-than-usual #earnings moves today from $FRAC $MDR $CNX $SLCA $IT $OMF $SSNC $AMKR $TREX $BERY $TBI $RIG $LGND $RNG $NOV $DORM $CVLT $CURO
(link: http://eps.sh/r) eps.sh/r
Bigger-than-usual #earnings moves today from $FRAC $MDR $CNX $SLCA $IT $OMF $SSNC $AMKR $TREX $BERY $TBI $RIG $LGND $RNG $NOV $DORM $CVLT $CURO https://t.co/1pgojKC5HH pic.twitter.com/isSoEbpQxR
— Earnings Whispers (@eWhispers) July 30, 2019
TESLA (TSLA).
Tesla trade alert had a great first day, 234.44 buys and it hit 243.36 high of day price. It is trading 242.18 in premarket as I write. Watching close for possible adds. It is a channel play on the swing trade side but could easily be a daytrader also.
Trade Alert Tuesday Morning 6:42 AM
TESLA (TSLA) Swing Trade Alert – Long starter 234.44, 270.00 price target, channel bounce trade within recent range, add at channel support $TSLA #earnings #swingtrading (link: https://www.tradingview.com/chart/TSLA/cxghrcYk-TESLA-TSLA-Swing-Trade-Alert-Long-starter-234-44-270-00-pri/) tradingview.com/chart/TSLA/cxg…
A German Banking Giant Doubles Down on Tesla Stock, Buys Uber #swingtrading $TSLA (link: https://www.barrons.com/articles/a-german-banking-giant-doubles-down-on-tesla-stock-buys-uber-51564398041) barrons.com/articles/a-ger… via
@BarronsOnline
A German Banking Giant Doubles Down on Tesla Stock, Buys Uber #swingtrading $TSLA https://t.co/1dGT8EcMkH via @BarronsOnline
— Swing Trading (@swingtrading_ct) July 30, 2019
Advanced Micro (AMD)
Trade Alert prior to close Tuesday in advance of earnings was timely considering the price drop after earnings were released;
https://twitter.com/SwingAlerts_CT/status/1156290250257420288
3:47 PM · Jul 30, 2019, ADVANCED MICRO (AMD) hitting highs with earnings on deck, good time to take profit and or close #swingtrade $AMD
And then this;
$AMD pic.twitter.com/DH4g4JUMvl
— Melonopoly (@curtmelonopoly) July 30, 2019
Crude Oil $USO $WTI $CL_F $UWT
When crude oil was trading 57.28 we alerted that 59.80 was in play, hit a high 58.55 yesterday and is still bullish.
Trade Alert, 2:01 PM · Jul 30, 2019, Crude Oil Daily Chart Suggests 59.80 in play, MACD turning up. 159 PM July 30 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Chart (link: https://www.tradingview.com/chart/USOIL/85jzeoEc-Crude-Oil-Daily-Chart-Suggests-59-80-in-play-MACD-turning-up-1/) tradingview.com/chart/USOIL/85…
https://twitter.com/SwingAlerts_CT/status/1156263539394404359
NATIONAL OILWELL VARCO (NOV)
NATIONAL OILWELL VARCO (NOV) Risk reward is high here with a possible channel trade (green). On Watch. $NOV #earnings #swingtrade https://twitter.com/SwingAlerts_CT/status/1156503027882307584
TREX COMPANY (TREX)
TREX COMPANY (TREX) Should easily see upside channel resistance and be a simple channel support trade long thereafter. $TREX #swingtrading #earnings
CHEGG INC (CHEGG)
CHEGG INC (CHEGG) Over 46.55 held this stock sees 52.70s, on watch, trading 45.77 #swingtrading #earnings $CHEGG (link: https://www.tradingview.com/chart/CHGG/nMqLWKYf-CHEGG-INC-CHEGG-Over-46-55-held-this-stock-sees-52-70s-on-wat/) tradingview.com/chart/CHGG/nMq…
https://twitter.com/SwingAlerts_CT/status/1156514261910339584
Below is Part 1, Part 2, Part 3 of the Earnings Season Swing Trade Reporting:
PIONEER NATURAL RESOURCES (PXD)
From the point of original swing trade entry 148.50 (see alert below) PXD then traded up to 157.22 (be sure you take profits on trades the go the right way) and has recently come off and closed trade Friday at 144.29. Earnings are in 23 days.
Your trading strategy (if long) may be to add at one or more of the white arrows and if trade doesn’t hold then close and repeat at the next arrow. Our swing trade strategy at this point would be this method pending price action, watch for alerts.
Which Energy Stocks Missed Oil’s Upside? #swingtrading #energy https://marketrealist.com/2019/07/which-energy-stocks-missed-oils-upside/
PIONEER NATURAL RESOURCES (PXD) three areas of support on 240 min chart for possible bounce (white arrows) Red is trading plan price trajectory. #swingtrading
Per recent;
PIONEER NATURAL RESOURCES (PXD) through first Fib resistance target closed Friday 155.21 up from 148.50 swing trade alert with 161.00 area first Fibonacci resistance over-head.
From Swing Trade Alert 8:22 AM – 20 Jun 2019 (screen capture of alert below);
PIONEER NAT RES (PXD) Long PXD 148.50 for 160.98 price target # 1. See model. #swingtrading #tradealert https://www.tradingview.com/chart/PXD/pwpvHlyt-PIONEER-NAT-RES-PXD-Long-PXD-148-50-for-160-98-price-target/ …
Swing Trade Alert Screen Capture – PIONEER NAT RES (PXD) Long PXD 148.50 for 160.98 price target # 1. See model.
TILRAY (TLRY)
There is a special premium member report for this trade set up here;
Password: timec
TILRAY (TLRY) Nice down trend channel from highs, looking for a bounce and another swing long #swingtrade.
When trade bounces out of the down trend channel below then the other chart models below will assist in your trading strategy for Tilray (TLRY).
U.S. CBD Sales to Grow an Average of 107% Annually Through 2023 https://finance.yahoo.com/news/u-cbd-sales-grow-average-130600799.html?soc_src=social-sh&soc_trk=tw #swingtrading #Cannabidiol #CBD $TLRY $CGC $KR $RAD $WBA $CVS
TLRY Earnings Date
Earnings announcement* for TLRY: Aug 27, 2019
https://www.nasdaq.com/earnings/report/tlry
TILRAY (TLRY) structured trading model for swing trading and day trading (expanded view) $TLRY #swingtrade #charting
TILRAY (TLRY) model with trading boxes, time cycles, algorithmic channel trend lines for swing trading and day trading (maginfied view) $TLRY #swingtrade #charting
Per recent;
TILRAY (TLRY) Nice swing trade from 46.10 for 49.03 PT 1 and thru other resistance, trading 50.45 $TLRY #swingtrade #alert
Add in to each resistance and add above on trajectory or add on pull-backs.
It doesn’t get much easier than this – trade by numbers (lines).
From Swing Trade Alert to Trim in to Resistance 10:12 AM – 20 Jun 2019;
TILRAY (TLRY) in to key resistance, trim in to it add above to next #swingtrading #alerts $TLRY https://www.tradingview.com/chart/TLRY/cPAkfJnL-TILRAY-TLRY-in-to-key-resistance-trim-in-to-it-add-above-to-n/ …
From Swing Trade Alert Original Entry 8:04 AM – 20 Jun 2019;
Long $TLRY 46.10 for 49.03 PT # 1 details on report to follow, see previous charting.
TESLA (TSLA)
TSLA Earnings Date
Earnings announcement* for TSLA: Aug 07, 2019
Tesla, Inc. is estimated to report earnings on 08/07/2019. The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates.Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. According to Zacks Investment Research, based on 4 analysts’ forecasts, the consensus EPS forecast for the quarter is $-1.55. The reported EPS for the same quarter last year was $-4.22.
Tesla is preparing to expand production at its electric-car factory in Fremont, California, according to an internal email #swingtrading $TSLA #earnings https://www.bloomberg.com/news/articles/2019-07-10/tesla-tells-staff-it-s-preparing-to-lift-output-at-fremont-plant
Tesla’s Leaked Email Is a Nightmare for Bears and Other Automakers #swingtrading $TSLA #earnings https://twitter.com/swingtrading_ct/status/1150558365703180288 https://marketrealist.com/2019/07/teslas-leaked-email-is-a-nightmare-for-bears-and-other-automakers/
TESLA (TSLA) Support and resistance areas are clearly marked (white arrows), long or short above or below trim at various res sup areas $TSLA #earnings #swingtrading
The trading strategy for swing trades in TESLA can be really simple.
The best way to swing trade TESLA is using the white arrows on the chart (these are primary support and resistance areas on the chart). When price breaches up through an arrow go long and the opposite for short. Set a stop that you are comfortable with in accordance to your risk threshold. If the trade goes your way simply trim profit at the fine detailed support and resistance areas on the chart.
If you are a more active swing trader then you can obviously look at each area of support and resistance for various sizing opportunities.
Alternatively to the above arrow trading strategy, you can also wait for a pull back to a key support or resistance and then enter (vs the brak out above or below key resistance).
The TESLA chart offers on of the best trading ranges and the key support and resistance areas work well. We have done well on numerous occasions swing trading TESLA. The most recent short wasn’t the best of the trades but focusing on the range of the trade, the general trend and the key support and resistance noted on this chart model provides for a really opportune swing trading environment given the range.
Per recent;
TESLA (TSLA) short, trade found support and bounced, stop at entry, resistance test above, could go either way. $TSLA
This trade started off well and as a daytrade it was excellent. On the swing it is still in play but trade did bounce at support below so be sure to exit before any loss as it is on the right side still. The trade is so close to the lower end of its trading range there’s no wisdom in holding if it turns against the original entry 225.05.
From Swing Trade Alert Feed 8:00 AM – 20 Jun 2019
Short $TSLA 225.05 for 203.42 1st PT, details in report upcoming. #swingtrading
EMERGING MARKETS ETF (EEM)
July 14 – The trading plan and price action has no significant change to the below.
Per recent;
EMERGING MARKETS ETF (EEM) Long term swing trade, add at bottom of channel long trim at top $EEM #swingtrade
MACD, Stochastic RSI, and Squeeze Momentum on daily time frame are all trending up.
From Swing Trade Alert Feed 8:07 AM – 20 Jun 2019 Long $EEM 43.06 with 45.50 Price target # 1, details in upcoming report
ALLERGAN (AGN)
This swing trade obviously went exceptionally well with Allergan (AGN). See screen image capture below of swing trade alert feed.
ALLERGAN (AGN) Up 36% premarket trading 168.00 from 116.00 buy alert, hitting all upside targets at key resistance, trim profits $AGN #swingtrade #alert
Allergan acquisition is ‘a major bailout’ for shareholders, according to analysts https://on.mktw.net/2X68Rqb
AGN Earnings Date
Earnings announcement* for AGN: Jul 25, 2019
Allergan plc. is estimated to report earnings on 07/25/2019. The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates.Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. According to Zacks Investment Research, based on 11 analysts’ forecasts, the consensus EPS forecast for the quarter is $4.28. The reported EPS for the same quarter last year was $4.42.
ALLERGAN (AGN) Based on my best guess considering historical price action, going forward the yellow lines provide the upper and lower price range $AGN #swingtrade
Per recent;
ALLERGAN (AGN) Trading 130.75 up from 116.00 original alert, see video report from trading room for the trading strategy going forward on this one and / or follow support and resistance points on chart. $AGN #swingtrade
ALLERGAN (AGN) swing from 116.00 doing well trading 130.81, trim in to 136 area resistance add above $AGN #swingtrade #alert
From June 18 Report;
ALLERGAN (AGN) from yesterday Swing Trade Report up 4.24% today closing 120.64 trim in to 128.00 add above $AGN #swingtrade #alert
Ironwood and Allergan Report Positive Topline Data from Phase IIIb Trial of LINZESS® #swingtrading $AGN https://finance.yahoo.com/news/ironwood-allergan-report-positive-topline-200500616.html?soc_src=social-sh&soc_trk=tw https://twitter.com/swingtrading_ct/status/1141170424769896452
From June 17, 2019 Report:
ALLERGAN (AGN) After significant sell-off this looks ready for a bounce near key over sold support now $AGN #swingtrade
The area of support just below trade (see white arrow) looks to be a key area that is likely to find support and bounce. If it does bounce then I see three areas of key snap back for bullish trade. A general trajectory of trade possible in a bullish scenario is included below with 3 white arrows. We will see how trade near term is, but I like it for a bounce to at least the first price target (first white uptrending arrow).
7 Stocks Ripe for M&A as Trade War Pushes Market Off Record Highs https://www.investopedia.com/7-stocks-ripe-for-m-and-a-as-trade-war-pushes-market-off-record-highs-4689910?utm_source=twitter&utm_medium=social&utm_campaign=shareurlbuttons
ADVANCED MICRO DEVICES (AMD)
What To Expect From AMD Earnings #swingtrading $AMD #earnings https://www.investopedia.com/what-to-expect-from-amd-earnings-4692801?utm_source=twitter&utm_medium=social&utm_campaign=shareurlbuttons
How AMD Is Positioned in the US-China Trade War https://marketrealist.com/2019/06/how-amd-is-positioned-in-the-us-china-trade-war/
ADVANCED MICRO (AMD) this has been a great channel trade, however, with earnings in 12 days we will exit and continue after in channel #swingtrade $AMD #earnings
There have been a number of entries on this swing trade in the channel (see alerts feed for details) and the trade has gone extremely well. However, with earnings near we will be watching for continued swing trade through the channel support (long) and resistance (short).
Per recent;
ADVANCED MICRO (AMD) has hit every upside price target (albeit some late) load at bottom of channel for 40.00 PT in trajectory #swingtrade $AMD – Of all the plays on radar between here and election, this is in top 10% imo. Load channel support. https://www.tradingview.com/chart/AMD/ngLZ4D1C-ADVANCED-MICRO-AMD-has-hit-every-upside-price-target-albeit-s/ …
Current trade pressure down in to time cycle peak, however, I expect it to turn very bullish in to October, 2019.
INTEL CORP (INTC)
INTC Earnings Date
Earnings announcement* for INTC: Jul 25, 2019
Intel Corporation is expected* to report earnings on 07/25/2019 after market close. The report will be for the fiscal Quarter ending Jun 2019. According to Zacks Investment Research, based on 15 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.88. The reported EPS for the same quarter last year was $1.04.
Tech earnings are a test amid tumultuous times, and all the chips are on the table #swingtrading #earnings $INTC $SPX, $ GOOGL, $FB, $MU, $DELL, $HPE, $NTAP, $AVGO, $MSFT https://on.mktw.net/2jUGA3u
INTEL CORP (INTC) from June 14 alert this swing trade set up has done well, time to exit before earnings and return thereafter #swingtrade $INTC #earnings
Per recent;
June 24 – See Video for swing trading strategy.
Per June 18 Report;
INTEL CORP (INTC) from June 14 alert up 2.69% trading 47.37 today with MACD and SQZMOM trend up, watch 200 MA above #swingtrade $INTC
Nvidia and Intel’s Mobileye Both Continue Racking Up Autonomous Driving Deals #swingtrading $INTC
S&P OIL and Gas ETF (XOP)
July 14 – No considerable change, see previous posts below.
June 24 – S&P OIL and Gas ETF (XOP) Swing trade doing well from 25.39 alert hit 27.09 trading 26.71. Add at each pull back and run the trend until MACD on 4 hour turns down. #swingtrade #tradealert
Per June 18 Report;
S&P OIL and Gas ETF (XOP). From yesterday’s alert bounced 2.69% today, MACD confirming, model to follow for trade strategy #swingtrading $XOP
ETFs & Stocks From Top-Ranked Sector to Buy #swingtrading $XOP
S&P OIL and Gas MACD cross up with double bottom, 20% move possible here. On watch for bounce. #swingtrading $XOP
MONEYGRAM INTERNATIONAL (MGI)
July 14 – No considerable change, see previous posts below.
June 24 – See Video for swing trading strategy.
Per previous;
MONEYGRAM INTERNATIONAL (MGI) Up 167% today, sure looks like a bottom pattern, 200 MA on weekly minimum price target in continuation scenario, on high watch for Wed premarket $MGI #swingtrade #daytrade #alert
MoneyGram Soars on $50M Investment From Blockchain Startup Ripple #swingtrading $XRP $MGI https://www.thestreet.com/investing/cryptocurrency/moneygram-soars-on-ripple-investment-14994298
BOX INC (BOX)
Per last report with video explaining trade set up, I am watching this at trading box support for a possible turn up, my bias is up but it hasn’t go moving yet so it remains on watch only.
3 Wild Card Stocks to Buy Now for Long-Term Gains https://finance.yahoo.com/news/3-wild-card-stocks-buy-160344516.html?soc_src=social-sh&soc_trk=tw
Per recent;
Per alert below this is on watch, review video for trading strategy.
BOX INC (BOX) Is revving up again for a big move, looking for a possible move to 23.00, fast $BOX #Swingtrading #tradealerts
The stocks listed below (and others on various other reports and alerts) will be reported on in swing trade reports over the next number of days. All stocks that we have alerted and or have trade positions and / or expect to have trade positions will be covered in the near term reports.
Part 2: Swing Trading Earnings July 17, 2019.
In case you missed my ramblins’:
Mornin’ traders #premarket thoughts, HUGE time cycle next #itisdifferentthistime #timecycles Going to be a massive two cycle ride to Dec 2019 starts soon. $VIX $SPY $GLD $SLV $BTC $CL_F $USO $DXY I knew then, I know now. This one goes down in history. Watch the reports on deck.
Mornin' traders #premarket thoughts, HUGE time cycle next #itisdifferentthistime #timecycles Going to be a massive two cycle ride to Dec 2019 starts soon. $VIX $SPY $GLD $SLV $BTC $CL_F $USO $DXY I knew then, I know now. This one goes down in history. Watch the reports on deck. pic.twitter.com/GmI7kLiuYp
— Melonopoly (@curtmelonopoly) July 16, 2019
$GOOGL topped out in high 12s and we didn’t go back, and won’t except to short it when time is right #timecycles #premarket
$GOOGL topped out in high 12s and we didn't go back, and won't except to short it when time is right #timecycles #premarket pic.twitter.com/uzAvqCXE8d
— Melonopoly (@curtmelonopoly) July 16, 2019
Members: Do not miss this report, looking back on 2019 two of my largest size trades will be in to and out of the two time cycle peaks coming in Volatility. There is no more structured time cycles in global markets than the volatility trade.
Members: Do not miss this report, looking back on 2019 two of my largest size trades will be in to and out of the two time cycle peaks coming in Volatility. There is no more structured time cycles in global markets than the volatility trade. https://t.co/66swXxmkji
— Melonopoly (@curtmelonopoly) July 15, 2019
Are we running everything yet? So, so close. You can almost hear it. Man we’re close. Gotta run the CentralZuck coin too, add that in there.
run baby run https://t.co/FAyvroFKyn
— Melonopoly (@curtmelonopoly) July 10, 2019
Our focus #timecycles and how they fit with #Powell #Trump war plan. It’s been clear since day one, only question is timing along the way. Report blast of the century in the works. Biggest opportunity in trading history next 5 years. $SPY $VIX $DXY $CL_F $SLV $GLD $BTC #premarket
Our focus #timecycles and how they fit with #Powell #Trump war plan. It's been clear since day one, only question is timing along the way. Report blast of the century in the works. Biggest opportunity in trading history next 5 years. $SPY $VIX $DXY $CL_F $SLV $GLD $BTC #premarket
— Melonopoly (@curtmelonopoly) July 10, 2019
Okay, now that we got that out of the way…
FACEBOOK (FB) VS AMAZON (AMZN)
I don’t like the idea of long trades with $GOOGL, $FB, $AMZN or $TWTR (least of the concern is Twitter). At issue, they’re going to get wacked. When? No idea. My guess, generally speaking the time frame around earnings – ish will be a tough ride for longs in $GOOGL and $FB but that is yet to be seen. $AMZN likely comes off around earnings because it will likely be sell the news. But $GOOGL and $FB more so that I think Trump and friends are likely to wack them around earnings.
I could be wrong, but hey, lets get you ready both ways so if you’re trading long or short you know your chart levels for your trading strategy.
First FACEBOOK (FB) and then in tonight’s report I will cover AMAZON (AMZN) and many other;
“To set the stage, the following chart shows how the two stocks have performed over the last five years. Amazon is the clear winner, outperforming Facebook by more than 2-to-1,”
Better Buy: Amazon vs. Facebook @themotleyfool #stocks $AMZN $FB https://www.fool.com/investing/2019/07/13/better-buy-amazon-vs-facebook.aspx
UPDATE 1-France says Facebook’s Libra not yet viable as G7 minister meet #swingtrading $FB #Libra https://finance.yahoo.com/news/1-france-says-facebooks-libra-111732518.html?soc_src=social-sh&soc_trk=tw via @YahooFinance
FB Earnings Date
Earnings announcement* for FB: Jul 24, 2019
Facebook, Inc. is expected* to report earnings on 07/24/2019 after market close. The report will be for the fiscal Quarter ending Jun 2019. According to Zacks Investment Research, based on 13 analysts’ forecasts, the consensus EPS forecast for the quarter is $1.9. The reported EPS for the same quarter last year was $1.74.
FACEBOOK (FB) trades in channels (yellow examples) with decisions around time cycles (green vertical) $FB #swingtrade #earnings #strategy
We have always done well trading Facebook because it is one of the most structured equities on the markets. Trade channels (yellow examples shown) and check the price action relative to the channel at the key time cycles (vertical green). Yes, it is that easy.
You can also consider the trading boxes (orange) – they provide a range, moving averages (not so much imo) and horizontal Fibonacci lines in the chart model below. The green and gray horizontal are key pivots. The diagonal Fibonacci trend lines (blue dotted) provide the framework for possible channels.
It doesn’t surprise me the upcoming time cycle peak in to July 22 is around FB earnings scheduled for July 24, 2019. If price spikes above current channel my advice is to be very cautious with long entries up and above the channel.
Anytime you are trading with a structured algorithmic chart model and trade leaves the structure you can be sure its divergent and very likely to correct back in to its natural structure.
Your best trading strategy for Facebook earnings?
Don’t rush, don’t hold in to earnings, there is no need. And don’t rush when its in its new channel whether up or down. Let the channel establish itself and then simply starting adding in to the trend within the channel according to direction. That’s it. That strategy will return excellent ROI, you will beat the market many times over because Facebook is that good of a trading vehicle.
Let me know how you do please.
Per recent;
June 24, 2019 – Review video for trading strategy in detail.
We will get in to Amazon and many of the others when I return to this reporting tonight (last night we got side tracked so we will resume this evening). For now, the chart below.
Part 3: Swing Trading Earnings July 22, 2019.
AMAZON (AMZN).
AMAZON (AMZN) should become a trajectory trade after earnings in to price target options show, Trade the trajectory. $AMZN #earnings #swingtrade
Per the previous post below, watch the top of the trading box resistance area on the chart just over 2100.00. As I noted prior, I am bearish Amazon but I can’t say when I think it will lose steam, I think its a geo political signalling event that could also have signals with earnings coming in short of expectations over the next number of quarters. But the timing is going to be the issue. For now, the top of the trading box is considerable resistance.
After earnings simply trade in the direction of the trajectory (see arrows on chart pointing toward price targets for April 2020). And then when the geo political issues start to ramp up and price responds then it is time to short this stock.
The upbeat picture painted by this past week’s blowout bank earnings heralded a promising earnings season. Too bad other industries didn’t get the memo https://www.bloomberg.com/news/articles/2019-07-21/from-tesla-to-twitter-a-guide-to-this-week-s-quarterly-reports
From Tesla to Twitter, a Guide to This Week’s Quarterly Reports https://t.co/h2yc2YwlYg
— Swing Trading (@swingtrading_ct) July 21, 2019
Per recent;
AMAZON (AMZN) Weekly structure on chart says there is big resistance coming at top of trading box $AMZN #swingtrading #earnings
ALPHABET (GOOGL).
Google ( GOOGL ) as with AMAZON is a price trajectory trade to price target after earnings report this week #swingtrading $GOOGL #earnings
As with Amazon, I think Google is going to be considerably challenged by the US government and other governments around the world. At this point I think Amazon is at most risk, with Google next, then Facebook and then Twitter. Twitter and Square may fair well, but Amazon I see at very high risk and Google at high risk. Google as with Amazon will be very good short positions when the time is right.
OK Google, tell us why your earnings growth is slowing down … hello? Anyone there? #swingtrading $GOOGL #earnings https://on.mktw.net/2XQsRgU
TWITTER (TWTR)
TWITTER (TWTR) will also likely become a trajectory trade. Trading in trading box now, on watch other side of earnings. $TWTR #swingtrading #earnings.
The Twitter chart structure is not nearly as good as Google, Facebook and Amazon but it may be less affected by the coming government anti-trust challenge I believe is on the horizon. Twitter is on watch for after earnings this week.
JETBLUE (JBLU).
JETBLUE (JBLU) Good price action post earnings suggests 22.00 then a move to 27.00 possible therafter. #swingtrading $JBLU #earnings
Is JetBlue Airways (JBLU) Stock Undervalued Right Now? #swingtrading $JBLU #earnings https://finance.yahoo.com/news/jetblue-airways-jblu-stock-undervalued-131001127.html?soc_src=social-sh&soc_trk=tw
OAKTREE (OAK).
OAKTREE (OAK) Hit primary price target from last reporting on this, now looking to 55’s earnings $OAK #swingtrade #earnings
Zacks.com featured highlights include: Guess?, Denny’s, FTI Consulting, Oaktree Capital… #swingtrading $OAK #earnings https://finance.yahoo.com/news/zacks-com-featured-highlights-guess-140102104.html?soc_src=social-sh&soc_trk=tw
PLUG POWER (PLUG)
June 24, 2019 – Review video for trading strategy in detail.
BITCOIN (BTC)
June 24, 2019 – Review video for trading strategy in detail.
ADESTO TECHNOLOGIES (IOTS)
June 24, 2019 – Review video for trading strategy in detail.
SQUARE (SQ)
June 24, 2019 – Review video for trading strategy in detail.
STONECO (STNE)
June 24, 2019 – Review video for trading strategy in detail.
PATEUM (TEUM)
June 24, 2019 – Review video for trading strategy in detail.
ANGLO GOLD (AU)
June 24, 2019 – Review video for trading strategy in detail.
OIL SERVICE (OIH)
June 24, 2019 – Review video for trading strategy in detail.
LYFT INC (LYFT)
June 24, 2019 – Review video for trading strategy in detail.
Per June 18 report;
LYFT INC (LYFT) bullish chart trading 64.40 targets 75.44 Jul 5 with 68.82 resistance (trading box) #swingtrading $LYFT
Disney resorts get a Lyft with rideshare partnership #swingtrading $LYFT $DIS https://www.bizjournals.com/losangeles/news/2019/06/18/disney-resorts-get-a-lyft-with-rideshare.html
Thanks
Curt
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Article Topics; Swing Trading, Set Ups, Strategies, Alert, Signals, Earnings, $NOV, $TREX, $CHEGG, $TSLA, $AMD, $USO, $AMZN, $GOOGL, $TWTR, $FB, $JBLU, $OAK, $PXD, $TLRY, $EEM, $AGN, $INTC, $XOP, $MGI, $BOX