Tag Archives for " GOOGL "
Morning Call Express: Pre-election SPX Re-test
In today’s Morning Call Express, Scott Redler discusses the news over the weekend, the day before election day, and what to be looking for as far as support and resistance levels. He also talks about some high beta tech names and gives you a plan for today.
Continue Reading -->Morning Call Express: Markets May Find Traction
In today’s Morning Call Express, Scott Redler talks about some of the constructive action we have seen recently. He also looks as the wedge formation that continues to build on the SPX. He also talks about the QQQ flirting with all-time highs. Scott also discusses several names including NFLX, MSFT, GOOGL, FB, AAPL (ahead of earnings) and others.
Continue Reading -->Morning Call Express: Sluggish With a Constructive Feel
In today’s Morning Call Express, Scott Redler updates the key levels of support and resistance on the SPX. He also talks about some earnings names that have reported as well as other names that are looking constructive.
Continue Reading -->Scott Redler’s Chart Attack: SPX, GOOGL, BABA
This morning the SPX futures are pretty much flat as things feel stuck below 2144-2149 but above 2114-2124. We’ll patiently wait to see which way this resolves as company earnings are released. Individual names will be better to focus on as there is more movement in them, for now. Google (GOOGL) finally gave a cleaner move above $816-820 and hit as high as $828.81. If you sold some strength buying into this $820 zone, it would be good if it holds for additional gains thru earnings. My 2016 target is north of $850. BABA was another great focus from my 2016 report. It has been the most active for us since we listed it back at $81-$85 and then $93.50 and again at $95. At this point, it is near weekly highs and it looks like all time highs can happen this year. Right now, it’s digesting above $99 and I may look into a different option strategy for next quarters earnings.
Continue Reading -->Morning Call Express: AAPL Picking
In today’s Morning Call Express, Scott Redler talks about how to navigate the current range and what levels to be looking at to trade around or, if nothing else, be aware of them. He also talks about AAPL, his recent trade in it, and where to look for it move heading forward. Scott also looks at some individual names.
Continue Reading -->Morning Call Express: Jobs Report Ahead
In today’s Morning Call Express, Scott Redler reviews the action in the market ahead of the jobs report tomorrow. Scot talso looks at high beta tech names along with a couple sectors and one or two new issues.
Continue Reading -->Morning Call Express: Taper Talk
In today’s Morning Call Express, Scott Redler reviews the Gold Miners (GDX) as that is where the action was yesterday. He also takes a quick look at the SPX but not much has changed from day to day. Scott also looks at a couple individual names.
Continue Reading -->Morning Call Express: Beta Time!
In today’s Morning Call Express, Scott Redler looks at the SPX and how yesterday’s action plays into his overall plan. With the AAPL event today, he also looks at the chart of AAPL and provides some techincal levels to keep an eye on for trading. He also looks at some high beta tech names as well that remain on his radar.
Continue Reading -->T3’s Take T3: Pop & Drop at the F.B. Corral!
By Michael Comeau 1) Lucky 13 for Facebook Yesterday after the close, social media giant Facebook (FB) delivered a massive earnings beat, sending shares as high as $133.91 in extended trading, or up 8.6%. The company is seeing significant growth in mobile, higher revenue from Instagram, and improving user engagement metrics, Facebook’s huge numbers weren’t exactly a surprise, since the company had beaten Wall Street’s earnings estimates for 12 straight quarters, making yesterday lucky number 13. This set the stage for a sell-the-news reaction, and Facebook finished well off the highs at $125.00 up 1.4% on the day. However, Facebook shares are still doing incredibly well in 2016 with a 19.4% year-to-date gain. 2) Jeff Cooper on Facebook’s Exhaustion Signal This afternoon, my buddy Jeff Cooper issued an interesting take on Facebook’s weakness: FB is poised to leave a large-range Gilligan sell signal if it closes at/near session lows. This is an exhaustion signal marked by a gap up to a new 60 day high with a close at/near session lows. AAPL is a different pattern as its earning’s gap was not a gap to new 60 day highs or 52 week highs or all time highs as is the case with FB. My takeaway is that institutions are scale-up sellers on pops. Tomorrow we get the reaction to two other FANG stocks (AMZN and GOOGL). If they react similarly to FB or don’t blow out expectations, there may be nothing left on the table to prevent a slide. 3) Another Day, Another Grind Given that crude oil is a major drive of equity market sentiment, I’ve been a bit surprised at how well equities have held up in the face of oil’s near-20% decline off the highs. And again today, we saw oil decline sharply… and stocks basically rolled their eyes. The S&P 500 went nowhere for the second day in a row, finishing at 2170.06, up 0.2%. In fact, the S&P hasn’t made a 1% move since July 8. Facebook and Apple’s (AAPL) small gains today helped the Nasdaq outperform. Biotechnology led the decliners’ column today, with the S&P Biotech ETF (XBI) falling -0.5%. Energy stocks were down on oil’s decline, with oil service names showing notable dips. P.S. My partner in crime Kurt Capra is hosting a FREE trading webinar after the close on Tuesday, August 2, 2016. Click here to sign up
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