BullBear Trading: Stock and Financial Market Technical Analysis

August 2016 Blog Posts (40)

Valeant Pharmaceuticals Pull Back Is A Gift, Buy Level Revealed $VRX

Valeant Pharmaceuticals Intl Inc (NYSE:VRX) is taking a beating today after news hit the wires that they were under a U.S. criminal probe into their Philidor ties. Prosecutors are looking into whether or not the company hid its ties to the now bankrupt Philidor and thus defrauded insurers. Sounds scary doesn't it? Many investors are selling on the news but honestly, smart investors knew this was coming. To me it is nothing but old news and will get hashed out. Maybe a fine, maybe the old CEO…

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Added by Verified Investing on August 12, 2016 at 7:33am — No Comments

United States Steel Corp Pull Back Yields Buy Entry Price

United States Steel Corporation (NYSE:X) has a classic bullish chart retrace in progress. This means that after a monster rally in the equity, it is pulling back. The pull back is a potential entry for buyers if they know the correct level to look for. The level to buy long is at $20.00. Not only is this a psychological level but it is also a major pivot on the stock chart. U.S. Steel is currently trading at $22.68. It will likely achieve buy entry target within the next few trading…

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Added by Verified Investing on August 12, 2016 at 7:29am — No Comments

Shake Shack Slammed On Earnings, Institutional Investors Looking At This Buy Level $SHAK

Shake Shack Inc (NYSE:SHAK) reported second quarter earnings of $0.14 on revenue of $66.5 million. The stock sold sharply after-hours trading from a closing price of $40.87 to $37.05. Institutional traders are buzzing about a key support level to buy at $33.50. Considering the amount of chatter at this level, I will be looking for a buy here. Signup to Verified Investing. Why? Verified Investing is an independent website that is dedicated to policing the financial industry and giving the…

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Added by Verified Investing on August 11, 2016 at 7:44am — No Comments

The Trend Line To Watch To Know If A Stock Market Correction Starts

Markets have reversed off all-time highs on an intra-day basis. While they are only slightly lower on the chart, there is a potential topping tail forming on multiple major indexes and ETF's. The level institutions are paying close attention to is revealed in the chart below. If at 4PM ET, the $SPY closes below this line, it is likely markets will begin to see selling with the first target at $216.35.

 

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Added by Verified Investing on August 10, 2016 at 8:40am — No Comments

NVIDIA Corp Puts In Topping Tail, I Bought My Puts

NVIDIA Corporation (NASDAQ:NVDA) trended sharply higher early in the day, only to reverse and close near the flat line. With a closing price of $58.89, +0.15 (0.26%), NVIDIA put in a topping tail. Topping tails are reversal signals when they occur at 52 week highs. Considering NVIDIA reports earnings on Thursday, August 11th, 2016 after the stock market closes, I think it is safe to say smart money, potentially institutional money was selling. Last night, I alerted everyone I was puts…

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Added by Verified Investing on August 10, 2016 at 7:24am — No Comments

Why I Am Buying Puts On NVIDIA Corporation Ahead Of Earnings $NVDA



I generally avoid buying calls or puts just days ahead of earnings. Often there is a hefty premium in these options contracts that does not give you a good risk vs reward for making a profit. However, that is not the case in my humble opinion on NVIDIA Corporation (NASDAQ:NVDA). This stock has sharp pull back written all over it going into earnings on Thursday, August 11th, 2016, after the stock…

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Added by Verified Investing on August 9, 2016 at 9:45am — No Comments

Bristol-Myers Squibb Hits Bottom, Signals Strong Buy On Chart

Bristol-Myers Squibb Co (NYSE:BMY) has taken an absurd beating over the last two trading days. What does this mean for smart investors? Possibly a great buying opportunity! That is what I am seeing based on the technical chart analysis I have done. The stock fell off a cliff after one of their biggest, most important drug studies failed to reach its endpoint. The stock collapsed from $75.25 to $60.00 in two trading days. Today, the stock is signaling a buy off the $60 key support level. Not…

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Added by Verified Investing on August 9, 2016 at 8:57am — No Comments

SAExploration Holdings On Watch At $17.00 $SAEX

SAExploration Holdings, Inc. (NASDAQ:SAEX) had a monster explosion last week. This low float micro play was picked up by traders and ran from $9.00 to $75.00. Yes, you read that right. This incredible move gives traders a second opportunity to buy a high risk play as it has pulled all the way back to $17.00. I have begun to nibble down here. The key is to keep share size super light as there is a ton of risk. I started a small position at $17.00 and will bad small every $0.50 lower. I am…

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Added by Verified Investing on August 9, 2016 at 8:35am — No Comments

Interest Rates Headed Higher And What It Means For The Stock Market

Interest rates surged on Friday after the Non Farm Payrolls Report showed more jobs added in July than expected. The 10 year yield jumped over 10%. Based on the 10 year yield chart, interest rates are headed higher. The first target is 1.7%, the second target is 1.75%. These levels will likely be hit in the coming week.

 

What Does It Mean For The Stock Market?

 

There are only two things at this point that can hurt the market in the near term. The…

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Added by Verified Investing on August 8, 2016 at 8:15am — No Comments

This Week, How To Trade JPMorgan Chase $JPM

As a fellow pro trader pointed out late last week, JPMorgan Chase (NYSE: JPM) has been surging with the rise in yields. If you read the charts, though, it appears this surge could be nearing an end in the short-term. Just a little higher from Friday’s close of $66.30, at $67, $JPM will hit significant resistance. This resistance is from an up-sloping trend line dating back to February coupled with where a prior breakdown occurred. See this on the daily chart below. $JPM should experience a…

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Added by Verified Investing on August 8, 2016 at 7:31am — No Comments

Understand The Jobs Report Tomorrow So You Can Profit

The markets are flat again today as all eyes turn to the Non Farm Payrolls Report tomorrow. Expectations are for a gain of approximately 175,000 jobs in the month of July. So what happens if the number comes in sharply above or below estimates? Anything too high or too low will shock the markets and cause selling. Below I reveal the ranges, along with the likely stock market reaction.

 

1. Neutral Number

Any number between 150,000 and 200,000 will be looked…

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Added by Verified Investing on August 5, 2016 at 7:37am — No Comments

Amazon Chart Bounces Off Trend Line For 6th Time: Trade It This Way

Amazon ($AMZN) bounced today off an up-sloping trend line that starts in February 2016. This trend line has been amazing, holding price in a near vertical climb. How To Trade It As long as Amazon stays above that trend line, it has the ability to go higher. It is far too overbought at this juncture to buy, but wait to short until it cracks that trend line. Once below it will be an epic drop, potentially north of $120.00. That fall would take Amazon to at least the current 200 daily moving…

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Added by Verified Investing on August 5, 2016 at 5:27am — No Comments

McDonald's Head & Shoulder Pattern Spells Stock Collapse

McDonald's Corporation (NYSE:MCD) has a head and shoulder pattern on the daily chart. This is a bearish chart pattern with a calculated target down to $102.00. The current price of McDonald's is $117.44, -0.26 (-0.22%). The key is it MUST break the neck line first. This has yet to happen which means the pattern has not triggered. If you are looking to short McDonald's stock, don't do it until you get a close on the daily chart below $116.50.

 

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Added by Verified Investing on August 4, 2016 at 8:48am — No Comments

Check These 3 Factors Before Making Your Next Trade

When I’m analyzing charts to find the most attractive trades, I’m looking for a number of different factors. Here are my top three I always pay attention to: 

 

1. VOLUME: I look for equities trading over 1 million shares each day. At lesser volume, support and resistance levels tend to overshoot significantly adding more risk to a trade than I’m typically comfortable with. I look to see if recent trading volume has increased. When it is higher than normal,…

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Added by Verified Investing on August 4, 2016 at 2:52am — No Comments

Setting Up To $DISH Out Profits

Dish Network (NASDAQ: DISH) dropped 8% today on news they are planning a $2 billion convertible notes offering, and the fact it did so on 10 times its average trading volume caught my eye. When price drops on volume that is several times the norm , it signals fear and panic, and could be the best time to buy. But, you never want to buy on this volume factor alone, especially after news. I'm putting $DISH on my watch list. I'll wait at least another two days before jumping in on any trade.…

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Added by Verified Investing on August 3, 2016 at 3:42am — No Comments

Incredible Range On The S&P Tells Us 2 Important Things

The S&P 500 continues to be stuck in a range. This 1% range on the market has lasted now for 13 days. Friday and today the S&P has peaked above the range briefly, only to be sold into. So what does this tell us about the stock market?

 

1. Oil has been crushed 13% in the last 13 days. The markets holding up is a tribute to the great earnings recently from AAPL, FB, GOOGL and AMZN. But without those great news stories, what is the catalyst to fight off a continued drop…

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Added by Verified Investing on August 2, 2016 at 6:03am — No Comments

Chart Watch: Home Depot Into Key Trend Line

Every evening I scan hundreds of charts. I believe all good investors and traders do the same. The more you see, the more likely it is you find something worth keeping on your watch list for the next day or so. Tonight I found Home Depot. The stock is into a trend line that connects from the highs of 2015 to the high in May 2016 to its current level. Obviously, this is some resistance on the chart. Earnings are August 16th, 2016, before the stock market opens. I will be watching this closely…

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Added by Verified Investing on August 2, 2016 at 5:23am — No Comments

Oil Hits Key Support: Check Out This Chart

Spot crude oil hit a major support level today at $39.95. If you look at the chart below you can see the key support levels on the chart that have been hit. Oil should see a bounce off this level in the near term.

By Pro-Trader

Anthony Jackson

Added by Verified Investing on August 2, 2016 at 3:39am — No Comments

Investing in things has happened since man began walking the earth. Since the beginning, investors have made the same mistakes, over and over again. As Verified Investing forces transparency on Wall …

Investing in things has happened since man began walking the earth. Since the beginning, investors have made the same mistakes, over and over again. As Verified Investing forces transparency on Wall Street, we see the need for clear, concise rules to help investors excel and profit. These investing tips will help all investors from beginners to advanced.

 

1. Have A Game Plan For Your Investing

Too many investors start investing without any rules or objectives in mind.…

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Added by Verified Investing on August 1, 2016 at 5:34am — No Comments

U.S Steel Triple Top On Watch: Explosive Move Finally Into Resistance

U.S. Steel has been a one way train on a one way track. Truly an amazing run over the last one month period, gaining 84%. Think about that, 84% gain in approximately 24 trading days. It is rare you see a billion Dollar company pull such a stunt. The reason for the gain can be chalked up to great market conditions, decent earnings but also a big short squeeze. U.S. Steel has been one of the most heavily shorted large cap stocks for quite some time, especially since the commodity market dipped… Continue

Added by Verified Investing on August 1, 2016 at 4:00am — No Comments

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