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| Market Summary (continued) Friday did little to alter the back and forth volatility as AMZN and GOOG earnings helped the market sell off to new lows on this leg lower. Bids returned, however, and pushed the indices back above the Wednesday lows. That turned truly impressive losses to just 1% to 2% declines on the indices. NASDAQ for instance closed lower 151 points but was off 260+ on the low. So there was some recovery. SP500 -46.88, -1.73% NASDAQ -151.13, -2.07% DJ30 -296.24, -1.19% SP400 -1.06% RUTX -1.10% SOX -1.72% NASDAQ 100 -2.34% VOLUME: NYSE +5%, NASDAQ +7%. Volume up on a selloff but also on a recovery off the lows to hold the prior low. Decent enough. ADVANCE/DECLINE: NYSE -2.6:1, NASDAQ -2.2:1. Was a lot worse before the recovery off the low. NEW LOWS: NYSE 528, NASDAQ 446. That lower low pushed up the new lows once more. There was also, despite the up and down from session to session, a steady trend lower. Perhaps the selloff was enough to put in a bounce. Perhaps it was just short covering to end a really weak week. There is so much bottom calling and bottom wishing, at this juncture it is hard to listen to the financial stations and keep a clear view. That is what makes a follow through to any buying so important. The day to day back and forth action shows the need to have a good day of buying on a reversal, then after that initial move rests, see a return of upside with strength again. That shows that after that initial move buyers want to pick up more stocks. These are usually longer term holders versus the initial short covering moves. Read "The Daily" Entire Weekend Summary Watch Market Overview Video Watch Technical Summary Video Watch Next Session Video
ACAD (Acadia Pharmaceuticals--$21.74; +0.46; optionable): Biotech Company Profile EARNINGS: 11/06/2018 STATUS: ACAD trended lower from October 2017. It sold sharply in April but started to bottom that same month with a double bottom of sorts. As it sold that month, MACD started to rise. ACAD did not follow immediately, however, matching those lows in June, but then fading into August and September with something of a double bottom. MACD continued its improvement, and in the last half of September ACAD shot higher. It cleared the 200 day SMA late September and has spent the time since working laterally along the 200 day. Nice consolidation of the move with ACAD starting to bounce Thursday and Friday. We are looking to move in as the stock continues upside, preferably on some volume. CHART VIDEO Volume: 1.736M Avg Volume: 3.171M BUY POINT: $22.25 Volume=4.6M Target=$26.93 Stop=$20.69 POSITION: ACAD JAN 18 2019 22.00 C - (55 delta) &/or Stock Receive a 2 week trial and if you stay on receive a $30 per month discount! | ||
| 2) STOCK SPLIT REPORT Playing stock splits can be very profitable, but it takes know-how. Our stock split service focuses on three main types of plays: 1) pre-announcement (where we forecast an upcoming split prior to the company making the announcement); 2) pre-split (these plays are made in the days leading up to the actual split day); and 3) post-split plays (plays made after the actual stock split where the stock is showing continued or renewed strength). Listen to Stock Split Report Editor Jon Johnson's stock split interview on CNBC-TV [ View Here ] Here's a leader play and our current analysis.
Company Profile EARNINGS: 11/07/2018 STATUS: FATE is testing the 200 day SMA after breaking higher in the second half of September from a 7 month trading range. Nice rally to 17 to end September. October was not as upside kind and FATE faded back to the 50 day MA midmonth, then sold last week to the 200 day SMA. It held and Thursday bounced on excellent volume. Friday it paused with what is likely a continuation doji. Looks as if FATE has made it through the selling more or less testing its breakout. With the good bounce on volume, we want to move in as FATE continues the upside move with a target near that recent high. Seems logical, yeah verily fate, that it should make that height. CHART VIDEO Volume: 563.567K Avg Volume: 782.433K BUY POINT: $13.82 Volume=1M Target=$16.72 Stop=$12.85 POSITION: FATE FEB 15 2019 12.50 C - (66 delta) &/or Stock Learn more about our Stock Split Report and how we have made gains of 321% with our powerful stock split plays! Save $360 per year on the Stock Split Report! Plus 2 week trial! | ||
FOSL (Fossil--$21.16; -0.26; optionable): Retail stores, watches and accessories Company Profile EARNINGS: 11/06/2018 STATUS: After reaching a high in June, FOSL has trended steadily lower in a rather orderly pullback below the 50 day MA. It finally sold to the 200 day SMA last week, worked laterally, then popped upside Thursday. Friday showed a doji similar to FATE, and it looks as if that is a continuation doji, i.e. the stock will continue higher off this move. We think the pinch between the 200 day on the low and the 50 day MA on the high will yield a breakout move from the current 4.5 month downtrend. We want to play a strong breakout move for a run at the 28 level where the early August peak resides. CHART VIDEO Volume: 1.75M Avg Volume: 1.377M BUY POINT: $22.54 Volume=2M Target=$27.96 Stop=$20.71 POSITION: FOSL JAN 18 2019 22.00 C - (51 delta) &/or Stock Save $600 per year and enjoy a 2 week trial of our IH Alerts Service! | ||
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--by the MarketFN STG Team WMT (Walmart, Inc.) Company Profile Our Success Trading Group members scored another winning trade this week when we closed out a position in Walmart, Inc. (Ticker: WMT). We are watching several stocks and are looking forward to trading next week. Our Success Trading Group closed 7 years with 0 losses on our Main Trade Table. In fact, we closed 100% winning trades for the calendar years 2016, 2015, 2013, 2012, 2011, 2010 and 2009 (we still have 1 open position from 2017 (all others were winners) and 1 trade that we opened in 2014 was closed as a losing trade). All of these trades are posted on our Main Trade Table for your review during your free membership trial period. Get Our Next Trade Free - Save $50 per month! Details Here. | ||
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PBR - Petroleo Brasileiro S.A. - Petrobras is currently trading at $16.24. The November $16.00 Calls (PBR20181117C00016000) are trading at $1.29. That provides a return of about 7% if PBR is above $16.00 on expiration Friday in November. Company Profile Learn more about our Covered Call Tables | ||
Stock Split Report: Forbes.com Best of the Web Covered Calls: Allowed in your IRA - Energize your portfolio! The Daily: "The Daily" is a must read for all investors! Success Trading Group: 7 years without a trading loss! | ||
| The foregoing is commentary for informational purposes only. All statements and expressions are the opinions of Online Investment Services, LP., or Split Ventures, Ltd. This information is not meant to be a solicitation or recommendation to buy, sell, or hold securities. We are not licensed or registered in the securities industry. The information presented herein and on the related web site has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. The security portfolios of writers for this issue may, in some instances, include securities mentioned herein and on the related web site. Estimates, assumptions and other forward-looking information are subject to the limits of forecasting. Actual future developments may differ materially due to many factors. No one associated herewith receives compensation in any manner from any of the companies that are discussed in this newsletter or on the related websites. This email was sent to tweet@investbilling.com. | ||
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