Calls
Big Earnings Might Not Be Enough for AAPLSymbol: NASDAQ:AAPL
Indicators
Laguerre RSI
Multi-Time Frame EMA x2
Thoughts: The technicals are holding up strong despite earnings coming out. The Laguerre RSI is starting to slope down which could be a sell signal. Watching this over the coming days to see how this indicator trends.
PYPL (POSSIBLE LONG ENTRY)PYPL pulling back with most stocks today, I believe this presents a good dip buy opportunity. As long as the fibonacci box shown holds, I expect waves 3, 4 and 5 to occur to complete a set. A move over $310+ will confirm my thesis of the beginnings of sub-wave 3. Target set at $320 with major target at $340.
The Chart Shows Concern for IWMSymbol: AMEX:IWM
Indicators
Laguerre RSI
Multi-Time Frame EMA x2
Thoughts: This chart looks very bearish but I'm hesitant to sound the alarm due to how many topping patterns we seem top gap above. The bullish case for the IWM would be the LagRSI crosses above this bearish zone with a close above the rounded top and confirm the violated trendline as support. Without that, this stock is at risk for falling sharply.
TSLA | Will History Repeat Itself?TSLA reports earnings on Monday, 7/26 after hours. I am making a bold prediction that they will knock it out of the park and gap up 8-10%. Looking from a technical standpoint, the chart is nearly ready to explode upwards and waiting for a catalyst to propel the stock upwards... If we dip, still an amazing buying opportunity in my opinion. Only time will tell...
SNDL GAMMASQUEEZEThe pot boom is finally here. It's time to go up. 270,000,000 shares short, the shills are trying to say the targets are anything but what they are which is super high. 5-10-20-50$ possible. do not miss this 1.
The company has now become a loan shark and multi merger. do not let bears fool you.
MARKET ALPHA VACCINE UPDATE - NVAXNASDAQ:NVAX
We got our pop higher on NVAX but we hit right into resistance. We still have bullish momentum trying to get through this level but if that weakens this could be another trap. This stock has the tendency to be extremely volatile so take your gains when you got them and don't stay in based off hopes and dreams.
S&P Futures Still UncertainAMEX:SPY
S&P futures are rebounding very strong after a huge sell off to start the week.
This has likely caught a lot of people off guard but really shouldn't have with the liquidity flowing into the markets.
We will be watching closely at the next FED meeting to see where we as we discuss further tapering.
MARKET ALPHA OPTIONS WATCHLIST - APRENASDAQ:APRE
Very unusual options activity came in on this one at 4.79 with the assumption the stock would continue higher by August 8th.
Currently the option play is down but that doesn't mean we haven't found support here and may bounce higher catching some off guard. If not the support level is clearly defined.
MARKET ALPHA OPTIONS WATCHLIST - AAPLNASDAQ:AAPL
As usual a large bullish options trade came in for aapl so I thought I would update the chart.
The trade assumes it's going run higher but that by no means is for certain. We have some bullish context here showing from the lagRSI and coming up on resistance here so it may be enough power to get through and test higher levels.
Options are extremely risky and I am not recommending to buy or sell any product. This is my analysis and does not completely indicate my opinion towards this company.
Bulls in Control...For Now, How I Plan on TradingBy Yasin Ebrahim
Investing.com – The S&P 500 rebounded Tuesday, as investors took advantage beaten down travel-related stocks and financials following a rout the previous day.
The S&P 500 rose 1.5%, the Dow Jones Industrial Average gained 1.6%, or 550 points, the Nasdaq was up 1.6%.
The United States 10-Year yield rose above 1.2% after dropping to 1.14% earlier in the session, providing a much needed boost to financials, mostly bank stocks following Monday's selloff.
JPMorgan (NYSE:JPM), Goldman Sachs (NYSE:GS) and Bank of America (NYSE:BAC) rose more than 1%.
The selloff on Monday was largely attributed to fears that a resurgence in Covid-19 infections would stall the recovery. The delta variant is now estimated to make up 83% of all Covid-19 cases in the U.S., the director of the CDC said Tuesday.
Some on Wall Street suggest the economy has transitioned from a recovery stage to an expansion phase.
"The most visible signs of the transition have been the return of inflation-adjusted output in June to pre-pandemic levels; productivity-enhancing investment in high-tech equipment; broadening loan growth beyond consumers to businesses; and strong job gains as businesses gained renewed confidence," Wells Fargo (NYSE:WFC) said in a note.
Industrials were one of the biggest sector gainers, led by surge airline stocks including Southwest Airlines (NYSE:LUV), United Airlines (NASDAQ:UAL), American Airlines (NASDAQ:AAL), with the latter up 8%.
Energy also recovered some of its losses from a day earlier, up more than 1% amid a tentative rebound in oil prices as the delta wave threatens demand.
"Our bottom-up estimate of the impact that a Delta wave could have on global demand instead points to a potential 1 million-barrel-a-day hit for only a couple months, and even less if vaccines prove effect at lowering hospitalizations in DMs, the origin of most summer demand improvements," Goldman Sachs said.
Energy was given an added boost from a 3% surge in Halliburton (NYSE:HAL) as the oil services company reported results that topped market expectations.
Technology stocks also benefited from dip-buying, with Apple (NASDAQ:AAPL), in the ascendency, up more than 2%
UBS lifted its price target on Apple to $166 from $155, after raising estimates on tech giant's revenue and EPS for the third quarter to $74.7 billion and $1.01 from $71.3 billion and 95 cents, respectively.
Microsoft (NASDAQ:MSFT, Facebook (NASDAQ:FB), Google-parent Alphabet (NASDAQ:GOOGL), and Amazon.com (NASDAQ:AMZN) were higher.
International Business Machines (NYSE:IBM) rose 2% after its second-quarter results topped analysts estimates.
"We’re encouraged by momentum around our wider hybrid cloud thesis," Credit Suisse (SIX:CSGN) said in a note as it raised its price target on IBM to $167 from $165.
On the economic front, June housing starts rose 6.3% to 1.64 million, above the consensus. "Housing starts bounced unexpectedly in June but starts appear to be capped at this level, given labor and material shortages," Jefferies (NYSE:JEF) said.