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Activision Blizzard - New High expected NASDAQ:ATVI Activision Blizzard released "Legion" this year for World of Warcraft. As seen on the past view add-ons after the release we got a dropdown because the expectations were better than we got. At the end the subscriptions get lower and lower. Right now Blizzard delivered what they said, and sure not all is working well, like the PVP system a lot of people complaining about but we still will keep a good amount of subscriptions and get new subscribers or subscribers which are coming back with Patch 7.2 . For Diabolo I think we can expect a paid addon/extension in the next view years. People still excite each season, so I highly expect here an increase of sales when that is coming out. The same expectation I have for Overwatch. This game got us a huge amount of sales in 2017, and if they place some new things in a paid store or so, we can expect a new high again. What makes me a bit angry about that is that Blizzard is not lowering price for Character Boosts on World of Warcraft. People need to pay 50€ to get 100. A lot of people complaining about that. I think it would be better to give boost for free but then sell XP boosts over the shop for like ten bucks for 24 hours or so. But they also could lower the price of the boost to 15-25 € and so people would pay more often that boost because they then can play a lot more classes. We also can expect the second movie of Warcraft which should get Wow Players into the cinemas So my opinion is we will see now January 2017 maybe still a bit of drawdown to 33.00 but then when 7.2 is released and the first news released about the Abonnements etc. we will get a new high. I expect to hit over 60.00 by the end of the year.
NASDAQ:ATVILong
by icoset
LONG APPLE: $100 BREAKOUT? LOW VOLUME, VOL DEMAND & MA CROSSApple looks poised for the $100-101 level breakout Volume: - Volume has traded below the quarterly average for the past 10 days , consistent with apples post-Brexit bull run. Low volume is a bullish signal as it indicates investors do not want to offer their apple risk at current prices and wish to hold for further upside before increasing their offering. - In particular yesterday volume traded 40% lower than the quarterly average at 23m, this bodes well for a bull run/ $100 break-out today as if new buyers with to get on the apple curve they must bid the price higher (and through the $100 level). Volatility: Whilst volatility isn't at the 12m lows that we saw at the end of may, IV has certainly came off somewhat from the Brexit highs at 30%, to trade currently at 23.77. This too, along with the low volume has been consistent with apples post-brexit bull run and continues to provide investors the assurance they need to fund further liquidity and push apple higher/ through the $100-1 breakout level. - Historical Vol trades close to implied at 20%, once again providing a close to ideal buying environment (ideally HV is higher than IV for buying conditions). Option Demand: - Apple end of week option demand looks healthy, with there being a huge skew for apple topside options e.g. the 25 delta calls (101) trade at 17,500 contracts, whilst the downside 25 delta puts (98.50) only trade at 9,000 contracts - almost half. Given this skew in upside demand, this could fuel a apple breakout at the 101 level. Even at 102 there are 20,000 demanded at 13 delta calls vs only 12,000 demanded for 13 delta downside puts - so all in all this excessive bullish option demand could have a magnet affect as these prices are reach in spot as they come in the money and are brought causing a cascade of fresh demand from the option space. Technical - Apple 2-days ago broke out its second key MA resistance, which was at 98.69 and the quarter MA, this too is a bullish sign and provides downside support if it be the case. - Apple trades in the middle of its +/-2 standard deviation channels which means there is certainly room for a topside breakout without any probability prejudice that may occur if it was close to the +2 SD channel which provides strong resistance - the +2 12m SD channel trades at approx 107 - this is a clear target for the apple breakout if it materialises. Market sentiment: - As we know the past 2wks have been strong risk-on sentiment with SP and DJ setting new highs by 1-2+%, though Nasdaq has lagged new highs but nonetheless broke-out from the 4600 resistance and has given tech stocks a fresh lease of life. - Also Microsoft outperformed earnings expectations which no doubt will help give investors confidence about adding more apple to their portfolios or adding fresh positions going into apple earnings next week, since the two have revenue streams closely linked - Microsoft traded up 4% in post market yesterday, and in pre-market trades up at new highs of 56 - 5.44% on the day. - Safe havens trade down quite aggressively today - gold, usdjpy and TNX - about 1% down on average, thus this is the perfect day for an Apple breakout as there is excess liquidity to be allocated to risk assets.
NASDAQ:AAPLLong
by QuantumLogicTrading
2
USOIL: Pullback to $42 before next leg higher?Here is something different from my usual 2618 reversal setups, trend continuation traders will like this one. We have a trend continuation opportunity on USOIL coming in around $42. This level has been an important level for price action over the past month. You can see on the chart that price failed to break and close above $42 on two attempts, before making new highs on the 3rd assault late last week. If we get a pullback down into the structure at $42, I will be looking to enter long. First target at $44, to retest the new high, and above that an extended target 2 at $50. Stops will be below $40. If you don't like to trade USOIL directly, a bullish bias can always be reflected through equities. There are a number of equities I have been watching that seem to closely track USOIL (ASX:STO, ASX:WPL, ASX:BPT, ASX:SEA). Good trading, Luke
FX:USOILLong
by Beebags
Bank of Japan boosted their QE program. S&P futures New HighThe BoJ just announced the expansion of their "QE" from 60 trillions to 80 Trillion Yen. This is an unexpected move by the BoJ, as this announcement wasn't expected anytime this year. The Nikkei closed up 4.84 %, S&P 500 futures made a new all time high at 2016.75. I expect the SPY to make a new high at the open as well. What a week this has been for bulls. Just when I though this was the end of the road for them, they come back with a 6.40 % return in less than 10 trading session. The SPY is back above it's moving average , and will most likely stay above it till the end of today. Cheers Algokid 4:03 am
AMEX:SPYLong
by Algokid
QQQ showing relative strengthIt started 2014 year as laggard and was trending lower in bear channel. But then it bounced off of 200 EMA with RedDogReversal, regrouped and have built higher highs. Finally, sentiment changed when it resolved this indecision area with break up of resistance at $88.60 with nice 4 days follow through. Traders should adapt and make adjustments if they want to survive and be profitable. Then, it built nice upper-level base and borke up again. After 3 weeks of consolidation it broke up to new highs. $MSFT put another record high, 8/21/50 EMA control price. Stocks like $TSLA, $INTC, $FB, $NFLX and even $TWTR looks well and hold above 8 EMA, but no calculated setups here. $AAPL broke up its descending channle as this stock was not interesting for traders last 2 weeks. Lets see if it can build above $91.35. High at $95.05 could be intermidiate target. My previous ideas on some of those stocks and evolution of thoughts: MSFT MSFT INTC INTC Facebook
NASDAQ:QQQLong
by andrew.berg
6