SBUX Hits New All-Time HighSBUX has defied the recent weak market activity, and has run up to a new all-time high. The Percentage of Shares Held by Institutions remains well above average for a big blue-chip stock.
BLUECHIP
GOOGL - When you arrive late for the party, how to trade.This is one of the trading situations I hate most - when I get too late for optimal entry, and I find that the asset has been trending already for quite some time.
In this case, the optimal entry would be around at 1020, on the left chart you can see the area has been circled with a black line.
This asset is a reliable company that has been growing for years, and every time I see this kind of chart, I always have the feeling I lost all the best part and that I'm too late and I can't profit from this.
Which is not the case, if this asset is trending for years, why would it stop now? So if you're a long term holder, which is the profile that buys this kind of blue-chip stock like AMZN, MSFT, APPL or GOOGL, what difference would it make for you if you traded this accurately and not only buying and holding.
I don't want to get too deep because that's not the point, but there are MANY things going on with the economy now that show a dangerous road ahead of us, US debt ceiling, the renewal of many futures and bonds...and the recent SPY "short recession", the difference between 10/30 yr bonds and intermediary bidders and much more.
So the point of having this edge is to minimize risk. By being patient and applying easy techniques you can almost trade this risk-free - of course, don't expect high returns from such a liquid asset(more liquidity, less volatility).
I use three timeframes, one huge one to give me context, an intermediary one to provide me with insights of possible faster trades, and the fasted one for precision entry.
Since I used the 120 timeframes, I was able to buy some around at 1184 on the Spectro Fibo Level bounce, pointed by a small green arrow.
Now I'm waiting for a cross on 1195 level to increase my position and have an avg price of 1189.5
The three targets are the most important ones because that's where I'll adjust my stop-loss once it gets there with some slack.
If you're a smart guy, you will see that I said STOP-LOSS and not take profit because this is a trending asset, so it tends to keep going up and up and up, no reason to make profits.
As you can see the M candles shows a stable channel that has been holding the move for over six years! So why bet against that?
Yes, there are the dangers I mentioned previously and that's the reason to be so careful with your entry.
Because by doing this, even if something bad happens, you will be on profit even if you get stopped.
My stop-loss is at 1181, on the D chart you will see it's the next closest Auto Fibo Level, and there's a good possibility of reaching 1181.5, so I'd reinforce my position at that price if we see it and I'd keep my stop-loss at 1181 nevertheless.
So by using this technique, you'll ensure that you're always buying on the lowest part of the channel, where the odds are in your favor twice as much(trend + lower region).
The R:R factor from target 3 to 1181 stop-loss is around 4, which is amazing.
SPY looking for a come back Welcome fellow traders! A quick recap of what's happened so far today with the SPY, as we can see it's going for a retest of that strong support of 264. At the moment on the 1 hour chart it has tapped and surpassed that now resistance level. This is an ascending triangle it has formed on the 1 hour chart meaning the break signifies upward momentum BUT if it comes back down and doesn't bounce of the support but breaks the bottom portion of the triangle, it can continue down. Now keep in mind on a more broad outlook this chart shows a descending triangle (on the 4 hour) which is usually bearish but a break of the top could show some bullish moves. As always play conservatively in these extremely volatile markets. Remember to watch for very similar moves throughout the usual Blue Chips, y'all know, BBY , AMZN & AAPL . Safe trading!
AAPL (Apple Inc) Anallysis 18 Feb 2018If we take a look at Apple stock performance on the 3-hour. We will see that there was a huge retracement. Although I believe this to be temporary. I believe in Apple and its goals. But what does just providing jobs to the economy do for Apple and it's lacking innovations so far. Retracement Fibonacci sees Apple have a modest chance of growth in spite of recent U.S market behavior of its traders. I ultimately see the stock falling to $168 in March due not just because it had a few scandals like slowing down old systems. But because of a strong USD. Their $.63 payout per share has increased over previous years where stock dividend payouts were between the $2-$3 range. I hope to see Apple continue to innovate and maintain the value of its stock price. I see Apple performing astronomically over the long term (5 Years).
