Buy TGT @ $113-$114 till 03/09/2020Buy Target Corp at current price of $113-$116 (Avg $114) and hold it approximately till 09.03.2020 to take at $125.0 (+9,6%).
Reason of the exact date of 03/09/2020 - is the Avg expected Value (Return) equal to 0.21% daily. So in average the stock will grow by 0.21% daily.
I am sure the stock will rise because of the next reasons:
1. sustainable large company one of the leaders in the industry in USA
2. the price plunge is due to the company slightly less than expected forecast for upcoming 4q statement
3. the stock is considered as defensive assset (a.k.a. safe heaven)
4. the stock price is very cheap
Although, the price can slump down to $105 per share, so my recommendation is to take more on that level.
If it slumps to $105, the average price will be $109,5 stop-loss at $103 (-6%), take profit at $125 (+14%).
Have a Good Luck!
TGT
TGT - Gaps to Fill Down - Earnings Miss - Trade Cautiously Waiting for confirmation break of white trendline to enter bearish.
Trade Entry
Will update with specifics once trend breaks.
Chart Details
Earnings miss on TGT caused gap down, almost filling top gap in chart.
Other large gaps down to $73.
Bearish EMA cross and bearish 10WeekMA price cross, but price still in “fakeout channel”.
Must confirm break of channel to indicate entry for downtrend.
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TGT Platform Position TrendTGT has a Platform candlestick pattern which is a Position Trading style sideways price action. It is indicative of Dark Pool Quiet Accumulation that then triggers High Frequency Trader gaps. The resumption of another Platform candlestick pattern indicates the accumulation is not over.
TGT - From Outter Space - 45 Year Log Chart - Part 2 of 2Daily view shows that short term we are overbought.
Weekly view better confirms TGT overbought with RSI trend maxed out, Fisher Transform making wedge pattern, with next trend being bearish.
Based on the chart, I see we pullback to close the first gap (red box) which lands on the white line channel.
Then ride white channel up for a week or two, fall back into the second white channel, and then continue up to yellow top resistance line.
TGT moves VERY SLOW.
Basically:
- short term BEARISH - overbought RSI, pullback to red box.
- intermediate term BULLISH - until possibly May 2020. Some pullbacks in between.
- long term BEARISH - after price hits yellow resistance. This is best time to enter in my opinion. Knowing the only direction next is down.
Again, TGT is slow so it is best to plan entries on a weekly chart. You may be in this position longer than expected.
I am not in the position currently. If I enter, I will update charts.
I really apologize for yesterday after positing Part 1 of 2. I was notified that no user is allowed to post over 10 charts per day.
I would not have posted Part 1 without Part 2. I did not know about the 10 chart limit. This will not occur again. Thank you for your support.
The yellow resistance lines are strong support as seen in the Part 1 of 2 chart below. I consider 45 years strong. LOL
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I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY.
Short SPY and AAPL.
Looking Exhausted, Step off the Bike and Cool DownPeloton has miraculously revitalized the Trend of In-Home Aerobics crap
You all remember the 80s-90s when Mom and Dad spent a fortune on crap they only used for a year or less?
Yep we are seeing it again, This time its with the Credit Card everything generations.
Very big bubble, could inflate much higher - like Pot Stocks or Impossible Meat
TGT - From Outter Space - 45 Year Log Chart - Part 1 of 2TGT currently looks to be one of the only retailers with positive returns currently.
The log chart shows a 45 year history where the support and resistance have many points of contact.
This strong support and resistance implies that the current trend will end when we get to top resistance.
The length of this current log trend from 1970's to 2020 shows the pattern leveling off.
This means we could see either a break down or break up in the next upcoming years.
I will update this chart with Part 2 of 2 showing daily price action.
Daily price action looks ready to short or buy puts soon.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY.
Short SPY and AAPL.
Possible Pre ER Gapfill on KSS/KohlsKohls has earning pre market Tuesdays,
We are currently sitting at resistance,I think if the market drops a little bit on Mondays, I would buy KSS up play it for a quick run up and sell before ER.
I think it has potential to gap-fill to $62.5.
However if it drops after ER, i would buy the dip around $52 for a run up again.
Target TGT earning beat optionsTarget has earnings reporting this morning with the beat they should have some exciting action.
The previous time target moved almost 25% so there should be lots of range in this one to move the options chain. Looking at this at market open for 2 to 3 trade ideas
1)pure options buy of the $122 Dec20 2019 call
2)the combination of buying the stock and selling the april1 7th 2020 $130 call and buying the $110 put
3)selling the straddle at open nov 22 $121 puts and call to bleed out the earning premium.
Liquidity is key we do have a buy on the ninja scalper
As always trade ideas are generated from The NinjaScalper (Part of the trade indicator suite of tools)
#TradeSafe #TradeSocially
None of this is investment advice just for your infotainment and edutainment
THE WEEK AHEAD: HD, LOW, TGT, GPS, M EARNINGS; /NG, VIX, VXXEARNINGS:
HD (24/21) (Tuesday Before Market)
LOW (68/35) (Wednesday Before Market)
TGT (66/37) (Wednesday Before Market)
GPS (60/53) (Thursday After Market)
M (97/67) (Thursday Before Market)
Pictured here is an M short straddle at the 17 strike in the December cycle, paying 2.73 with 14/72/19.73 break evens, and delta/theta metrics of -4.49/3.77. Look to put on a play on Wednesday before the end of the New York session.
In second place for ideal volatility contraction metrics is GPS (60/53). As with M, I would short straddle here, with the December 20th 18 paying 2.22 with 15/78/20.22 break evens, and delta/theta metrics of 1.29/3.06.
EXCHANGE-TRADED FUNDS:
TLT (42/12)
EEM (40/17)
SLV (29/20)
EWZ (26/27)
FXI (26/19)
... with the first expiry in which the at-the-money short straddle pays more than 10% of the value of the underlying: TLT, January '21; EEM, June; SLV, July; EWZ, March; and FXI, May. Both the rank/implied metrics, as well as the short straddle value metric indicate that it's probably a good time to hand sit on selling shorter duration premium here.
BROAD MARKET:
With VIX finishing the week at 12.05, volatility is at or near 52 week lows here in all the majors: SPY's in the 6th percentile; IWM in the 4th; and QQQ at 0.
The first expiry in which the at-the money short straddle pays greater than 10% of the value of the underlying: SPY, Sept; IWM, June; and QQQ, June. Both the rank/implied metrics, as well as the short straddle value metric indicate that it's probably a good time to hand sit on selling shorter duration premium here.
FUTURES:
/6B (63/11)
/NG (40/59)
/ZS (30/20)
/SI (29/19)
/CL (24/33)
As I may have mentioned last week, it's no surprise that /NG volatility is frisking up here. Generally, I play natty for seasonality, so look to get in with something bullish assumption at seasonal lows/peak injection, bail out of the long delta position in January or February depending on how Mother Nature feels, and then look to ride the elevator down in the opposite direction with a short delta position. I'm not keen on selling nondirectional premium (e.g., iron condors), particularly given what natty did last winter, so am sticking with my traditional, no-nonsense seasonality play.
Another item of note: GVX (gold volatility) has dropped substantially here, finishing the week at 11.22, in the 23rd percentile for the year ... .
VIX/VIX DERIVATIVES:
As previously mentioned, VIX closed the week at near 2019 lows (12.05), with the December, January, and February /VX contracts trading at 15.09, 16.60, and 17.50, respectively. Consequently, VIX term structure trades are still viable in the January and February expiries, but would probably beg off a December setup in the absence of a pop that runs that contract up to >16; the 16 strike is generally the lowest I will go with the short option leg of a VIX term structure trade.
As far as derivatives are concerned, this definitely isn't the place to be adding shorts. While it may be that VIX hangs out at these levels for a lengthy period of time, shorts are most productive on VIX pops -- not at VIX lows, even if contango and beta slippage are really working in shorts' favor here. As we all know, both the current steep contango and low VIX levels can evaporate in a heartbeat. If anything, this may be one of the rare occasions to consider a small bullish assumption trade (e.g., a VXX December 20th 15/17/17/19 "Super Bull,"* paying a .20 credit, with max profit/loss metrics of 2.20/1.80 and a break even of 16.80 versus the 17.40 where VXX is currently trading).
* -- A 15/17 short put vertical combined with a 17/19 long call vertical.
TGT - DAILY CHARTHi, today we are going to talk about the Target Corp and its current landscape.
Target today it's poised to gain the attention of the market in sympathy to the Walmart that yesterday has disclosed better than expected earnings, a delightful surprise for investors that were worried by the impact of the Trade War tariffs over the retail corporation. Walmart also raised its EPS guidance forecasted for the next year. The news is positive for the American retail sector and as an economic indicator of the U.S consumer potential, which signals a healthy environment for the economy that nears the consuming holidays like the Black Friday, Cyber Monday, and the Thanksgiving Day. Even the U.S President has cheered the good earnings.
"Walmart announces great numbers. No impact from Tariffs (which are contributing $Billions to our Treasury). Inflation low (do you hear that Powell?)!" - Donald J. Trump
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TGT Bull flag on weeklyTGT bull flag, may adhere to the pattern however it may sell off first in order to move higher.
Price was 2.18
EXP Oct 25
Spread is 110/116 6 points wide
Target is $191 profit/ $4.09 is option price at exit.
Exit price will be $163 which would be taken week of October 14-18 and cannot be done before then.
Perhaps this trade will flop but we'll see. It looks decent.
TGT shorts could pay offTarget had big earnings boost with big gap up play. RSI getting way over extended, and its pulled away from the EMA's a good deal. I like this as a short position as well. Also looking for entry confirmation off 30m chart for a short swing as well as walmart. Keep on eye on what SPY is doing for these two.