Oh Snap! Going downSNAP looks bearish as fuck 4HR and my honest hope is the price holds just long enough into open that I can score some cheap 5/3 and 5/10 puts.
Better yet, the price spikes slightly to 11.30 and sells off from there.
Okay, so let's break it down. Bear flag, clear as day.
Other notable mentions would be rising wedge, rising price on declining volume and momemtum exhausted.
Also, number of watchers on Stocktwits is at 97,897 with a shit ton of posts from retail bagholders swearing the price is going back to $12 TOMORROW.
LOL, sorry kids but no. You're going down.
But you can buy some puts and enjoy the slide down.
Say it with me!
WEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEeeeeeeeeeeeeEEEEEEEEEEEEE!!!
Oh, also from what I've read, this stock is a total POS and is the poster child for zombie companies. Companies that plague this stage of the business and credit cycle, propped up solely by super cheap and available capital.
Puts
PAYPAL SHORT TERM. AT WAVE 5 OF 5 OF WAVE 3. LOAD UP ON SHORTSOPTIONS PLAY: LONG PUTS or sell calls.
Entry: $108.97-$110.00
Target: $90.
Keep an eye on the sub wave 1-2 extension at $110 at 3.0. A blow past the green zone will have to reconsider the count. Puts 2 months out, cant go tits up.
This is a close-up of the larger wave 3, see my long term chart for this.
The EW count suggests we are at the top here and about to hit the big ABC down to $90 where the 200 DMA and 618 of the fib retracement sits. Fib extensions shown to predict the end of wave 5, and has accurately predicted several of the wave counts before. All EW rules are obeyed and the standard impulse applies. The biggest question is the time factor. I imagine the B wave will be drawn out and a possible flat due to the volume profile and resistance we built on $100-$105. I will be looking to trade the $110-->~$100 swing, exiting and re-entering. for the big C. No stops identified, trade at your own risk.
Be patience and you could get big reward buying nflx putsFang stocks are in a inflexion point, we are close to earnings, and this crazy buying frenzy in march, is because everyone is bullish, and the reality is that low volume trades end badly. last week looks like some of the fangs, cant break important levels without earnings, i have to admit this looks like huge manipulation, the scary thing is that all people are confident, they have vix at 14. when average is 16x and dow spy and nasdaq are so oberbought, i think netflix could get near to the $320 before any earning release, people are not that dumb, unless some crazy shit happen, just look what happen with facebook and nvdia all is market manipulation and crazyness im waiting but is great probability that fangs suffer a lot in the next two weeks, be prepare to get cash and buy crazy puts.
SHORT MRKT20/Mar/2019 12:49 PM
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I would guess spy hourly catches cloud.
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To Papai i said:
"if amd closes below $25 this week might I suggest taking some profit. Not saying to close position. - But I think you should have an if then plan. - If at the same time XLK were to get below 72 and close below I would personally consider that affirmation for profit taking
and if qqq gets below 175 Id take off even more"
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XLF monthly with rsi rejection with single line analysis(either that or uniformity cant remember)
So if xlk goes...
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Would think u would have wanted to buy puts this morning few weeks out while vol is still tamed
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PUBLISHING FOR MY RECORDS. NOT RECOMMENDATION TO BUY OR SELL. DO NOT FOLLOW ME OR LET MY OPINION BIAS YOU. DO YOUR OWN DD.
MSFT Short There is not even more clear to me nowSooner o later bubbles burst, MSFT is an amazing company but know is just being manipulated to the upside for the absent of volatility and complacency of the market, the last earning quarter for MSFT Was not that great,azzure revenue was flat overrall revenue 12% YOY but actuallly missed estimates, the thing is im worried is valuation 27x His earnings at low double digit growth, is not justified this absurd valuation, if you look even technicalls, yes is above SMA 200 day, bullish bla bla bla, but in order to have a real trend there has to be a retest, but the market has not make that yet, the question why rising to all time highs before earnings are even release?? ask the question why all tech become parabolic now? because they know that this is the last ride and irratitional exuberance is dominating the market, but we know how end on feb 2018-October 2018 And probabably April-June 2019. be prepared if you are long look for get it and out quickly because you know how the market works, push nvdia to 300 then pushed to 130 to average you, thats how the market works be prepared to buy puts anytime soon.! GL in your trades.
Call me crazy, but this is how i see the market for 2019 BTFD xdThis thesis is not only technical . my thesis is that first economic growth around the globe is awful and even with china trade deal means nothing, because earnings are declining specially in Europe and china and once the euphoria, is over and currency manipulation by Japan Central bank and Us Treasury is over the market is gonna be terrible. also, i think we are in a recession already but media, government and institutions hold information until they sell to average Joe, also, the bond market is already speaking, the 10 year treasury is declining everyday, i think the fed is not gonna raise rates, would do the opposite,because home sales keep falling, the only fake that is sustaining this market are central banks,i would not enter this market until there is a double botton, so, this trend is totally fake because nothing has change since december earnings are not that great and US Market is way overvalued. Good Luck to all and be prepare with cash and buy puts like crazy :D!
SPY be cautious!I have posted an IWM chart not too long ago but from the daily chart perspective. Here we have a SPY weekly chart with some areas to keep on watch. We have finally come into an area of strong resistance and finally some red juicy candles. Now of course resistance can be broken to the upside and we do have a trade deal on the horizon in which trump tweets an update every weekend about. On the larger picture we have a head and shoulders topping pattern which could lead to some bad turbulence in the coming weeks. So just keep watch for the yellow boxed levels and be safe in the coming weeks. Also keep watch on IWM as it was the first to go last year before SPY, also watch Gold as it has had a pullback for a couple days and could be ready for another leg higher. Weed stocks also tend to move when the markets become shaky and if you'd like, I have some charts for the weed players in which today alone made me more than I make a month of working for a bank. Goodnight everyone. Cheers!
IWM top is in?Little late night charting, have a nice naked chart with a couple areas of focus. Very simple and easy on the eye for bears but maybe not so much for the bulls. After a very boring fight performance from the bears since December 24th, they might be sneaking up on the bulls here. Of course this trade deal is still on the horizon but feels like a lot of this could be priced in/buy the rumor sell the news. Now of course just speculation but a possible scenario that could play out or also we could see some downward movement then some consolidation then the news arrives and we head back north. In my eyes I'm keeping it simple and I see a that a trade-able top is in the top yellow box, target would be middle yellow box. From there we bounce or we head for lower yellow box. Very simple. Zoom this daily chart into the weekly chart and you can see a huge head and shoulders pattern. Could be a scary ride from here until April so stay alert, stay safe, hedge your plays if possible, and look into weed stocks in the mean time. Thinking tomorrow will most likely be a very crazy day in the markets. Goodluck everyone.
T longer term playHey guys and gals it's been a long time since I have posted an idea but I have one where the risk to reward is quite appealing, AT&T is in such a nice triangle pattern since its inception and is playing out very nicely and getting quite tight in price. On the monthly chart we see a baby triangle inside a huge triangle, what this means is we are in the loading up stage, at this exact specific time on smaller time frames we are hitting resistances and have some red candles coming in, to me this means perfect opportunity to pick up some shares as it moves downwards in the $26.50-31 range, little by little add shares on dips. This is also a nice 7% paying dividend stock so for each quarter you will be paid to hold this stock. Target for this stock would be at $38 and then $43 if it breaks out, with such a huge pattern, the breakout can be very strong, remember this stock is in a triangle pattern so it can move downwards as well, stops would be under $26 and the move can be epic to the downside as well, so keep an eye on this sucker but I'll be loading up in my dividend portfolio. This $10+ move to the upside can take a year or more to complete so the dividend will be a nice reward for holding that long. Have a great weekend everyone, Cheers!
This chart of apple scare me!! becareful Apple shortThis whole rally to me is looks like like a bear bounce rally, dont get me wrong apple is a wonderful company and the whole trade deal hope, is more psychological and actual factual, the fact is that apple has a big declining sales especially in china, we have a global slowdown, and yet stocks are up, because of fed put, but i dont think this would last long term, what im seeing is that apple could retest the lows, and fall even further, safe some cash and dont get to much exposure maybe short term exposure im would be ready with puts on my side.!! could drop back to retest lows in april!
$VALE Short after Dam Collapse Disaster "Short as Fuck"!!!...$VALE Short after Dam Collapse Disaster...!!!
$VALE is at it again!
This time its much worse
Hundreds Dead
Hundreds Injured & Missing
Environmental Disaster of Epic Magnitude
Vale Has Suspended Dividends
Suspended Executive Bonuses
4 New Downgrades
38.50% Insider Owned
20.40% Institutional Owned
10% of the Total Shares Outstanding Have Rolled Over by Lunch Today, 56M Shares Traded out of 5.7B Outstanding...ohhhh yea baby!
I'm getting SHORT as fuck! Vale could drop as low as 2016 levels around the $2 mark! Excellent short opportunity! Loading up on Puts! Getting Short as Fuck! Loading up on Puts! Getting Short as Fuck! Loading up on Puts! Getting Short as Fuck! Loading up on Puts! Getting Short as Fuck! Loading up on Puts! Getting Short as Fuck! Loading up on Puts! Getting Short as Fuck! Loading up on Puts! Getting Short as Fuck! Loading up on Puts! Getting Short as Fuck! Loading up on Puts! Getting Short as Fuck! Loading up on Puts! Getting Short as Fuck! Loading up on Puts! Getting Short as Fuck! Loading up on Puts! Getting Short as Fuck! Loading up on Puts! Getting Short as Fuck!
!!!See you guys at the bottom!!!
Bento Rodrigues Dam Disaster
The Bento Rodrigues dam disaster occurred on 5 November 2015, when an iron ore tailings dam in Mariana, Minas Gerais, Brazil, suffered a catastrophic failure, resulting in flooding that destroyed the village of Bento Rodrigues and killed 19 people. The failure of the Bento Rodrigues dam has been described as the worst environmental disaster in Brazil's history. Around 60 million cubic meters of iron waste flowed into the Doce River, causing toxic brown mudflows to pollute the river and beaches near the mouth when they reached the Atlantic Ocean 17 days later. The disaster sparked a humanitarian crisis as hundreds were displaced and cities along the Doce River suffered water shortages. The total impact of the disaster, including the reason for failure and the environmental consequences, are officially under investigation and currently still unclear. The owner of the Bento Rodrigues dam, Samarco, was subject to extensive litigation and government sanctions. In 2016, charges of homicide were filed against 21 executives of Vale and BHP Billiton, the companies that own Samarco as a joint venture. Controversy over the investigation grew after a 2013 report, indicating structural issues in the dam, was leaked.
Background
The Fundão and Santarém tailings dams were constructed and owned by Samarco Mineração SA, a mining company, in Mariana, a municipality 67 kilometers (42 mi) south-east of Belo Horizonte, in the state of Minas Gerais, Brazil.
The tailings dams were built by Samarco to accommodate the waste resulting from the extraction of iron ore taken from extensive Germano mine, located in the Mariana district of Santa Rita Durão. The Fundão dam was constructed in the hills near the village and subdistrict of Bento Rodrigues, located 14 kilometers (8.7 mi) north of Mariana city.
Incident
At approximately 3:30pm on 5 November 2015, the Fundão dam presented a leak. Immediately, a team of outsourced employees was sent to the scene, and they tried to mitigate the leak by deflating part of the reservoir. At around 4:20pm, a rupture occurred, releasing a large volume of toxic sludge into the Santarém river valley. Bento Rodrigues, which lies 2.5 kilometers (1.6 mi) away in the valley below the dam, was almost entirely flooded by the cascade of toxic water and mud. Other villages and districts in the Gualaxo river valley, also in the region of Mariana, suffered minor damage. Bento Rodrigues is only accessible by unpaved back roads. The incident rendered Bento Rodrigues completely inaccessible by road, hindering firefighters' rescue efforts. The only available method of transport into or out of the location was via helicopter. There was a school in the area where the flood occurred, and the teachers were able to remove the students before school. Samarco and the neighboring communities did not have a contingency plan or evacuation routes in the event of dam failure. Had such plans existed, residents may have been able to evacuate in a timely manner to more secure regions. Around 600 people were evacuated to Mariana, and troops of the Brazilian Armed Forces were deployed to assist.
Impact
Satellite images of Bento Rodrigues and the Germano mine before and after the disaster, displaying the flooding and pollution of the Doce River. An abandoned car caught in the mudslide amidst the ruins of Bento Rodrigues. Satellite image of the mouth of the Doce River in Linhares, Espírito Santo, when tailings reached the southern Atlantic Ocean. According to a United Nations report, the tailing slurry traveled 620 km downriver, eventually reaching the Atlantic Ocean. Nineteen people were killed, "Entire fish populations – at least 11 tons – were killed immediately when the slurry buried them or clogged their gills", and "the force of the mudflow destroyed 1 469 hectares of riparian forest."
Contamination of Rio Doce
At around 6:30pm on the day of 5 November, the tailings of iron ore reached the Rio Doce. The river basin has a drainage area of about 86,715 square kilometers, with 86% in Minas Gerais and Espírito Santo. In total, the river covers 230 municipalities that use its bed for subsistence. According to biologist and ecologist Andrew Ruschi, who studies marine biology at the Estação Biologia Marinha Augusto Ruschi in Santa Cruz, Espírito Santo, the waste will take at least decades to dilute to levels anywhere near previous levels. The waste also reached the hydroelectric power plant of Risoleta Neves in Santa Cruz do Escalvado within 100 kilometers of Mariana. According to the company that runs the power plant, its functioning has not been affected. On 9 November, the city of Governador Valadares stopped the water intakes due to the mud on the Rio Doce. The next day, a State of Public Calamity was decreed in response to the water shortage in the city. According to analyses carried out in the city, the mud contains greater than acceptable concentrations of heavy metals, substances harmful to health, such as arsenic, lead and mercury.
There are concerns about contamination of the nearby Rio Gualaxo do Norte , a tributary of the Doce River, due to the toxic substances stored at the facility.
Contamination of southern Atlantic ocean
On 22 November, the waste reached the Atlantic Ocean. The toxic mud is spreading across the Espírito Santo coast, where cities closed down access to beaches. On 7 January 2016, the waste reached the southern Bahia littoral zone. Environmentalists who are monitoring the impact to the Abrolhos Marine National Park wildlife. The park is considered of vital importance to the Brazilian ecosystem since it hosts the greatest marine biodiversity in the whole southern Atlantic ocean.
Aftermath & Investigation of the causes
On the first quarter of November 2015, the Brazilian Chamber of Deputies and the state chambers of Minas Gerais and Espírito Santo each created a special commission to follow the case, and the actions taken. According to the press, many of the deputies that composed such commissions had received donations from Vale to finance their campaigns. Such donations, summing up to R$2.6 million are legal, and were reported by the then-candidates to the Brazilian Election Justice. However, critics argued that the deputies' participation was clearly biased. In January 2016, the leaking of internal documents from 14 months before the disaster revealed that Samarco had been warned about the possibility of the dam collapses. Joaquim Pimenta de Ávila, an engineer who was regarded as one of the foremost tailing dam engineers in Brazil, had been contracted by Samarco between 2008 and 2012 to design and oversee the construction of the Fundão dam. From 2013, Ávila was hired part-time as a consultant to inspect the dam, and a technical report he wrote from September 2014 lists severe structural problems on the dam (in the form of cracks) and measures to mitigate them, the main one being the construction of a buttress. Samarco claimed to have implemented all the recommendations from Ávila, and that the dam was in the process of being heightened when the landfill reached its maximum holding capacity and began to leak. However, Samarco failed to comment specifically about the buttress, and claims that it was never warned about the severity of the structural damages, nor about the imminence of a catastrophic failure.
Sanctions to Samarco
Samarco president Ricardo Vescovi & The Minas Gerais government suspended Samarco's activities immediately after the disaster. Next, the Brazilian government fined Samarco R$250 million (USD$66.3million) for the incident. The fine was preliminary and was expected to be increased if the two companies were found guilty of water pollution and damages. In January 2016, the Brazilian government and Samarco reached an agreement and a fine of R$20 billion (USD$4.8 billion) was issued. The penalty did not include compensation to people affected by the disaster, and the cost of recovering the polluted area. By July 2016, BHP had provisioned USD$2.3-2.5 billion for costs associated with the compensation deal being struck between Samarco's shareholders (BHP and Vale) and Brazilian federal, state and municipal authorities.
Legal consequences
Vale and BHP Billiton own Samarco as a joint venture, with each company possessing a 50% stake. As of 2018, these companies remain in negotiations with Brazilian authorities in efforts to settle out of court. In March 2016, Samarco agreed to pay USD$2.3 billion in compensation. Australia's ABC reported that Samarco and its joint venture partners would "establish a foundation to develop and execute environmental and socio-economic programs to restore the environment, local communities and social conditions of the affected areas." In June 2016, an AUD$8 billion civil suit which was reinstated by Brazil's Superior Court after the original agreement was suspended. BHP, along with its Samarco joint venture partner Vale, face a separate $58 billion suit lodged by federal prosecutors. In October 2016 it was reported that Brazilian prosecutors had filed manslaughter and environmental charges against 21 people including top executives of Samarco's owners: BHP Billiton, an Anglo-Australian multinational mining, metals and petroleum company headquartered in Melbourne, Australia and the world's largest mining company, and Vale SA, the third-largest mining company in the world and the Public Eye People's Worst Company award winner of 2012. In June 2018, Samarco, Vale and BHP signed a deal to drop a $7 billion lawsuit and allow two years for the companies to address the greater $58 billion suit seeking social, environmental and economic compensation.
Class action suits
In August 2018, BHP settled a class action suit in the USA for USD$50 million, with no admission of liability. At the same time, it was facing a class action suit in Australia related to the dam failure and losses incurred by shareholders following company disclosures to the market regarding the safety of the dam. The class action is expected to be one of the largest in Australian history, with 30,000 BHP shareholders involved, with a combined shareholding of 330,000 shares, valued at over AUD$10 billion (as of 5 November 2018). On 5 November 2018, SPG Law, a Liverpool-based law firm, issued a class action against the BHP Group for £5 billion, one of the largest in British legal history.
$SPY is *blindly bullish* and I'm not falling for it anymoreThe last 16 days of SPY have been this ever ending bullish movement. We're almost at the Pivot point, but I'm taking put options early.
Expiration - March 15 2019 (56 days)
Strike - 260 puts
Stoploss - If SPY goes above 270.36
Target - 245 by EoM February
AMZN news over the weekendHey fellow traders, haven't done this since last year but I'd like to go ahead and point out a couple things. At the very moment we are at very important key levels for a major move in either direction of the overall stock market. If I were to have to pick a direction for the following 2 weeks according to all the indexes and all the record breaking overbought parameters being shown all over the place, looks like an incredible opportunity to short almost everything. There is a catch though, amzn and other individual stocks look to have been taking a breather for the past week instead of completely cliff diving downwards. What does this mean? Doesn't really mean much except that bulls do have a chance at another move higher. With tons of FOMO (fear of missing out) and short volume, we could be looking at a very good sized squeeze upwards. Going into the weekend it feels as if some sort of very vital news will arrive that completely pushes the market another leg higher or carries on with the bear thesis of the market going lower. Could very well be the shutdown being lifted or china trade talks going well or could be the complete opposite. I personally have a few calls of some names and I have a few strangles in play on the indexes for next week. If things absolutely go wrong into Monday my strangles should help capture the move from either direction if we go higher my calls should drive up nicely. All in all a very great week for many who captured the big moves and also the pot stocks, be very careful into next week and hedge your positions in case of things going against you. I am personally long biased looking for a pop higher into next week before we head much lower into February but that's just me.
$AAPL Death Cross on Daily - HUGE Near Term Put Buying$AAPL Apple - Over $250M in December Puts purchased today with another $100M+ in January Puts. A major fund with deep pockets is expecting additional downside in the very near term. I'm targeting the 200d ema on the weekly chart or about $150 by January. If that doesn't hold, next major support would be around $133.
Note: Informational analysis, not investment advice.
$NVDA Nvidia 5th Wave - HUGE Near Term Put Buying$NVDA Puts led Calls today 100 to 1 . Roughly $530 MILLION DOLLARS of $NVDA Puts purchased today deep in-the-money. The biggest red flag is they were all near-term expiration December and January.
The daily chart supports a continuation of this final 5th wave down. Depending on the severity of the move I see two possible targets by January - $120 Long-Term Support Level / $103 Gap-Fill from May'17.
Note: Informational analysis, not investment advice.
Short or buy puts BA Short term profitWhat im clearly seing here is that BA was buy above the trend, obviously is going to be sell out also, im seing lower highs, so maybe it could back to $355-350 by the next week i bought a put $365 today at $366 and cash in tomorrow, patience is everything. GL to everyone.