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Alphabet

NASDAQ Potential to Outperform 1st quarter of 2017Nasdaq futures have trailed both the SP500 & DOW since last quarter of 2016. Even the Russell 2000 have gotten the better move ahead of it. But finally it caught up with Tech stocks delivering the goods as we are near the closing of the first trading month of January 2017. Based on our recent analysis mid-way through the DOW's breaking 20k, the last major component in the mix that we had been waiting for and believe have triggered the momentum came from the alignment of the three (3) e-mini futures when the Nasdaq futures broke the 5k a week earlier that drove us to vividly expect a major move in the making. The conclusive evidence that indeed proved to be true came about after a week when the rally above the 20k materialized at the opening US session. With that said, tech stocks such as Microsoft, Google and FB are so far three of the best we have followed & delivered for the last quarter of 2016 and until today, as selected carry-over stocks-for-keeps are in place. Although, FB is trailing behind Alphabet & Microsoft in their price levels it would take awhile to break its challenging resistance. However, Alphabet would attempt a considerable price target @1000 within this 1st quarter period. However, there would be daily session declines that would be a convincing bearish outlook along the way. Meanwhile, Microsoft's break-out of the USD60.00 level is quite encouraging. Notwithstanding that a probable pullack scenario can occur in the near term with an initial objective @70-75.00 extensions for the quarter period. Tech stocks would lead the market this 1st quarter with some resiliency of a possible corrective phase seen towards the month of March & first two weeks of April. Quite a daring market call not unless some unsuspecting catalyst may prove otherwise. And a consolidation period that may extend the price objective relative to the Nasdaq Index would simply derail a transition well within the first quarter of 2017 or at the most a better part of the 2nd quarter. Cloud Chart on Microsoft (MSFT) Cloud Chart Alphabet (Goog) Cloud Chart on Facebook Cloud Chart on NASDAQ Cloud Chart EMini NQ100
CME_MINI:NQ1!Long
by megatrade101
Google - Sell this Bat pattern?Hey guys, google or Alphabet is gonna report their earnings next week. With the S&P at a critical resistance, and a bearish bat(blue) on the daily chart of google, I expect a less than stellar earnings report from them. If you decide to go short, do it before Jan 25th around current market price with your stop loss around 825. Hopefully, a bad earnings report can kick start a correction for google back to 680 where Harmonic traders can go long on a bat pattern. I do not try to predict news, I only trade based on Harmonic patterns and vanilla support and resistance. If the earnings report comes out fantastic, price will breakout to the upside and this pattern will fail and hit your stop loss. I will then continue to buy upon any retracement to this resistance turn support zone at 815.
NASDAQ:GOOGShort
by TerryHarmonicTrading
3
Should you buy ahead of earnings?Google has been trending up nicely. If you missed it, what should you do? TRENDING UP, BUT PAUSING - Long and medium term trends: up. - Short-term: high flag consolidation ongoing (same as NASDAQ). - Short-term technical indicators: turning negative? - Would like to see a break/hold above $819 for a continuation of the uptrend. MANY UNCERTAINTIES - Toppish market, ripe for consolidation. - $770-$785 gap needs to be bridged. - Upcoming earnings (October 27). - Potential bid on TWTR. - Pixel smartphone. HOW TO PLAY GOOGL? - H olders keep holding but beware of $800, $785, $760, $670 (stop-loss levels). - N on holders should buy Nov 18 $825 calls at $17.20/share (2.14%) to benefit from eventual earnings pop. - The purchase could be matched with same maturity put sale strike $760 at $11.70/share (1.46%). - Total strategy cost 0.68% to benefit from earnings upside or go long 5% lower.
NASDAQ:GOOGL
by HAL9000
GOOGL Will Increase One More Day and Then Fall NASDAQ: GOOGL has been on an incline for about a month. Reaching past its resistance 1 level. Could it reach resistance 2 in the next day, I would not bet on it. There is probably a higher chance that it will fall back to resistance 1 or even further. If not now, than it will eventually rest in the next week around the 745.00 mark. However, with a recent spike since the beginning of July we could see a significant dip in GOOGL to around the support number of 702.89. I would definitely not buy right now, not enough room for GOOGL to grow in the next few days. Go check it out.
NASDAQ:GOOGL
by RAJK1234
3