Google (Alphabet)
GOOG long setupGOOG’s innovation outlook is neutral based on a current score of 96 out of 99, outperforming sector average. Insiders sentiment is negative. It is most exposed to LG Electronics Inc. as its supplier. Over the past 4 quarters GOOG beat earnings estimates 3 times.
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GOOG Credit SpreadI put on a 5 point spread on GOOG EXP Oct 18
1170/1165 $1.5 Credit
Max loss is $150 max profit is $85
Facebook, Amazon and Google are in for a correction.Could drop as much as 40% on average.
See individual ideas for more exact targets.
AMZN trend is dead, could collapse to 765.Just as GOOG and FB, the trend in AMZN is dead.
It's over for this growth stock for now.
Could see it decline to 1000 or even worse 765, where it would have very strong support in the form of high historical volume and probably a decade old upward trendline to resume it's mature growth trajectory.
Google Trend is deadSame as FB and AMZN Google's trend is dead.
Gap is smiling at us at 850, could go a bit deeper to 770 where high volume took place in the past.
MSFT trend still intactBest momentum stock of the big 5 right now (AAPL, GOOG, FB, AMZN) with only AAPL still a hold.
However GOOG, FB and AMZN all point towards a severe correction.
If this occurs it could happen that MSFT and AAPL gets dragged along and will break it's upward trend.
Apple still looks goodUnlike FB, GOOG and AMZN.
Apple still holds on to its decade old trend. Which keeps it on course to x5 in the coming decade.
Not saying this will happen, but only sell when trend clearly breaks.
Bearish Counter Attack on GoogleGOOGL Over the last two days printed a 2 candle pattern known as the "Bearish Counter Attack". See the linked attachment for diagram. It occurs when there is an up day, followed by a gap up open that is sold off, finally closing at the same price (or very very close) as the previous up day. As seen in image, according to this research this is a rare pattern that has produced down moves the next day 57% of the time, while an up move occurs 43% of the time. This might not seem like much of an edge, but it definitely adds up. In addition to this pattern, it appears that a short term uptrend support line was lost, then the retrace to and rejection occurred, which usually allows for a further move down. In this case I am thinking an out of the money put option is the play I like best, something like Sept 06 P1070, for sale around 100 bucks per contract. On the other hand, the 125 moving average has been respected in the past as both a support and resistance, and in this case it is sitting right on the 125. Above 1200 negates trade. Happy hunting and GLTA!! www.feedroll.com
Topped?GOOG creating a base, is it accumulation or distribution? Personally I think it is distribution and actually hope for the demise of Big Data companies that take your data and then sell it.
GOOG HFT Gap Followed by RotationHigh Frequency Traders’ huge flood of pre-open market orders gapped GOOG up. This was immediately followed by a surge of Dark Pool Quiet Rotation™. Dark Pools are using Buybacks and High Frequency Trader gaps to sell, in order to lower their inventory of stock.
GOOGL - TRADING LOCATIONSSome demand and support levels for trading location
Also finished the abc pattern (correction wave)
$GOOG: Reversing off top of 22% range$GOOG, reversing off the top of the range for the 3rd time in past 12 months. Google is an ad machine and ads revenues are cyclical like the economy.
ALPHABET: GOOGL - Buy on dips continue to pay wellThreats of regulation and fears of lofty valuations, and yet Google is testing the highs yet again. Buy on dips continue to pay well.
Google Potential 10% Return on Buy Google has confirmation on 1 hour 180 day EMA for an upward trend with no break in pattern. Has potential for an easy 3-10% return in the next couple weeks.
"Joe's earning season preview" EP03 --V, BA, FB, GOOG, AMZN! It's the 3rd week and maybe start to feel a little bit improvement in my English speaking lol.
We got the following important names that I mentioned in this episode:
Mon: HAL, AMTD
Tue: BIIB, CMG, KO, V
Wed: T, BA, CAT, FB, PYPL
Thur: GOOG, AMZN (no time for MMM, INTC and SBUX )
Fri: MCD
So many want to talk about but I only got 20 minute in this video, hope everyone a great trading week yo!
Let's see how they go!
Today's Tutorial : How to filter good content in TradingViewHope this idea will inspire some of you !
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
That's the best way to support me and help pushing this content to other users.
Kindly,
Phil
GOOG Put Credit spreadSince the market is making huge gains after googles recent shortfall
I put on a 1090/1100 Credit put spread.
Max gain is $220 max loss is $440
Target is $140 gain and $280 loss max.
Expecting $GOOGL to break up higher - Bullish TrendPlaying off the 1hr trendline here for $GOOGL. Hoping for a bullish close above $1100 6/18 or 6/19 but keeping a stop close. 1.5 R:R here.
Expecting $GOOGL to break up higher - Bullish TrendPlaying off the 1hr trendline here for $GOOGL. Hoping for a bullish close above $1100 6/18 or 6/19 but keeping a stop close. 1.5 R:R here.
