TWTR
THE WEEK AHEAD: TWTR, TSLA; GDXJEARNINGS
There are a bunch of heavy-hitters reporting this week, but I'll cull it down to the most options liquid underlyings amenable to a decent volatility contraction play ... .
Pictured here is a TWTR (40/52) Aug 16th 39/42 short strangle camped out around the 20 delta strikes. Paying 1.30 (.65 at 50 max) with break evens of 31.70/43.30, it's got a delta/theta metric of .73/5.42.
Also reporting: SBUX (52/25), FB (45/36), FCX (31/45), CAT (29/29), TSLA (20/60), and AMZN (20/29). As you can see, the rank/implied metrics aren't "ideal" (>70 rank/>50% implied) in any of these, so would probably pass if I was truly picky, and lean toward a play in TSLA out of this group if I was less so, since at least its implied is >50% with the downside being that even that high background implied is at the low end of its 52-week range. The TSLA Sept 20th 205/215/300/310 iron condor is paying slightly more than one-third the width of the wings if mid-price filled at 3.42 with break evens at 211.58/303.42 and delta/theta metrics of -1.14/3.14.
BROAD MARKET
TLT (34/11)
SPY (18/13)
IWM (15/16)
QQQ (15/17)
EFA (11/11)
EEM (8/16)
As with last week, broad market still pretty crappy here, with pretty much everything at the low end of its 52-week range and background 30-day implied all sub-20.
SECTOR EXCHANGE-TRADED FUNDS
For yet another week, premium selling opportunities are in gold and the miners ... .
Top 5 By Rank: GDXJ (98/38), SLV (90/35), GLD (80/15), GDX (70/32), and TLT (34/11). And, as with last week, the most "ideal" play is in GDXJ. The September expiry should open up and populate tomorrow, which is the expiry I'd probably sell in with August winding down to 26 days 'til expiry.
IRA TRADES
XLU, XLP: waiting for lower or, at least, the ability to sell not a penny more short puts for something decent that are also not incredibly ridiculously out in time. I may have to reevaluate the price at which I'm willing to take on shares if we stick in here at these levels.
TWTR Complex Inverse Head & Shoulders in the making?This jumped out at me when viewing the weekly chart : The formation is similar to some variant of a complex IH&S. The head would be the floor at $13.73 and the neckline is the top blue line, downward sloping from $54 to its current price at about $45. If the pattern is legitimate and Twitter broke above it, the measured move would be toward the $80 region. Aggressive traders may be able to find a long entry on a shorter timescale, but there is resistance from the downsloping black and blue lines.
Short updatePrice filled the gap and rebounded, helped by the action on the main index. The rebound doesn't seem accumulation (volume is low) so we should consider the stock still weak. Yesterday's action, if confirmed today (price goes below it), could provide another good short opportunity. Note also that the rebound has taken out buy orders left at the gap level, so next time should be easier going below $34
Buy $TWTR. One of the Best of the Long-Term StocksToday, we have very sweet opportunity to buy TWTR shares around the trend line. So show me even one argument to not do it.
Support: EMA 20&50 Lines, Strong Trend Line ~$35 per share
Resistance ~$37-$40
Enter ~ around the trend line and support EMA lines
No TP or SL.
Buy & Hold.
I have the subreddit with the same name, if you wanna ask me or community, feel free to do that. Good Luck.
$TWTR. Trust me, you won't be sorry.I'm sure the resistance LVL ~$37-$40 range, won't be the problem for the price, therefore I recommend you to pay attention to this beautiful share and hold it for a long time. Jack Dorsey is looking at $crypto, so I bet, Twitter will present something interesting related to cryptocurrency, very soon.
Support: EMA 20&50 Lines, Strong Trend Line ~$35 per share
Resistance ~$37-$40
No TP or SL.
Buy & Hold.
Good Luck.
$AAPL Closed puts @ +152% gain & now 100% NET LONG $TSLA $NVDAThere is no bull market without HIGHER LOWS. Keep perspective here. We have been in a correction mode, NOT A BEAR MARKET. We are still unequivocally in a very strong bull market. Once again I will continue to repeat this ad nauseam: "THE BENEFIT OF THE DOUBT CONTINUES TO GO TO THE BUYERS OF THIS MARKET" ...not the bears.
We have been adding long positions on NASDAQ:NVDA NASDAQ:TSLA NASDAQ:TTD NASDAQ:WIX NYSE:IIPR & NYSE:SNAP are our most recent buy alerts
TWTR-Inverse correlation with s&p 500 or no correlation at all?Just eyeballing it's difficult to say if there is an inverse correlation or not. Other than the period from Oct/17 through Jun/2018 they haven't moved together all that much.
So the S&P is useless as a twitter trading signal.
...
It's amazing how much you can learn visually. I guess that is how my brain works. As an artist (Viewing TA as an art but also someone who studied art among other subjects.) I always try and explain things visually. It's often easier than the alternative.
As some of you know I've been presented with some unique challenges in my personal life. I try and remain on topic but I get distracted at times.
Plus the feeling of wanting to explain myself to people I meet and others. It's annoying. But that's life.
Anyway, for those of you out there creating. Keep doing what you do. As long as you maintain a clear intent I don't mind the absurdism because life is absurd. (Except for that one b****.) In which case please stop.
Harassment is not ok. I don't care who you are or how right you think you are.
Treat eachother with respect and life is better for everyone. Happy trading.
Twitter’s Earnings Topped Wall Street Expectations. HERE IS WHY!Twitter stock rallied to a 2019 high in Tuesday's pre-market after beating first quarter estimates. The company has exceeded its quarterly earnings per share (EPS) estimates by 22 cents and its revenue expectations by 1.5% at $787 million.
After Twitter reported its bullish metrics, the stock jumped more than 18% and pulled back, settling at the +15.64% at the end of the trading session.
The key facts reported by Twitter in its earnings press release were as follows:
Revenue was $787 million, up 18% year-over-year, reflecting particular strength in the US. Total US revenue was $432 million, an increase of 25%.
In Q1, revenue outperformance, in combination with lower expenses, resulted in better-than-expected profitability, with GAAP operating income of $94 million and GAAP operating margin of 12%.
Average mDAU in Q1 was 134 million, up 11% year-over-year, driven by organic growth as well as ongoing product improvements and marketing.
Total ad engagements increased 23% y/y, resulting from higher ad impressions and improved clickthrough rates (CTR) across most ad formats. These metrics reflect ongoing strong ROI for Twitter’s advertisers.
To put this earnings news in context, let’s take a look at the Twitter’s price chart and the signals of technical indicators:
The 30-day Exponential Moving Average (EMA) is growing and the market price is above the EMA, which is a strong technical signal of an upward trend.
Market price has surged above the 2019 high at $35.3, thus breaking an important resistance level and generating a price momentum upwards.
The monthly stochastic oscillator is engaged in a full-blown buy cycle, offering a stiff tailwind for buyers after the earnings news.
The takeaway : Undoubtedly, in Q1’19 Twitter has reported very strong fundamentals, and the price chart confirms that the trend is upwards. This quarter continued a sequence of previous quarters of consecutive healthy gains and reinforced the already growing optimism around the company.
We believe that the Q1’19 has really shown a sign that Twitter is on the path to accelerated revenue and user growth. Not only did they beat the revenue expectations by a wide margin, but they also beat on a monetizable daily active users (mDAU) growth. So this is a sign to investors that all of Twitter’s investments in product innovations, aimed at making the product easier to use, are having an impact.
Revenue strength reflects successful execution across product and sales, coupled with broad-based advertiser demand. Average mDAU has grown up 11% y/y, meaning that the app is driving more people to enjoy conversations on Twitter every day.
We believe Twitter still has a long way to go in terms of making its product more conversational, innovative and easier to use. Continuing product improvements will be driving the mDAU numbers consistently higher. And, we know that advertisers are following where the users’ eyeballs are and, as the mDAU numbers go up, advertisers will follow along.
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Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any cryptocurrency or cryptocurrency product. Monfex accepts no responsibility for any consequences resulting from the use of this material. Consequently, any person acting on it does so entirely at their own risk.
Twitter Inc. (TWTR) Sell Limit $39.05 > $35.29 (Profit:Risk=2:1)NYSE:TWTR
Twitter, Inc.
Information:
Our figure is a divergent moving triangle less common.
In coming days, I expect a correction on the shares of Twitter, Inc. S&P 500 also looks at correction.
About stop loss:
Stop loss 4.81%
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Sell Limit = $39.05
Take Profit = $35.29
Stop Loss = $40.93
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Profit:Risk = 2 : 1
Profit:Risk = +9.63% : -4.81%
TWTR: Completion pattern imminent following strong earningsTWTR gapped beyond the trading range highs after a strong earnings report. If TWTR can hold above the prior trading range highs, this will be a completion pattern. Note the compression of price near the highs of the trading range prior to this big gap.
Love the Idea of Going Long into Twitter EarningsThis chart is one of the few bullish charts I've seen lately. Obvious round bottom pattern, with bull flag suggesting a breakout higher into the 40's. Earnings are reported on 4/23, so will look at this as along into Tuesday, and a hedge through earnings. I would not be surprised to see Twitter set new all time highs over the coming month or two.
Short-Term Target: 40
Long-Term Target: 48
THE WEEK AHEAD: TWTR EARNINGS, EWZTWTR (41/54) announces earnings on Tuesday before market open; pictured here is a May 17th 30/39 short strangle.
Metrics:
Max Loss/Buying Power Effect: Undefined/3.50/contract
Max Profit: 1.09
Break Evens: 28.91/40.09
Delta/Theta: -3.99/4.92
Front Week to May Opex Volatility Differential: 41.5%
Notes: Look to put a play on in the waning hours of the Monday session, adjusting the strikes to reflect any movement in the underlying if necessary.
For those of a defined risk bent, the May 17th 27/31/38/42 iron condor is paying 1.13 with a buying power effect of 2.87, break evens of 29.87/39.13, and delta/theta of -1.24/2.9. It isn't quite what I like to see out of these (one-third the width of the widest wing in credit). By going slightly wider, you give up some credit at the door while increasing probability of profit.
On the exchange-traded fund front, not much is rocking. Moreover, we're still in between cycles for me, with May opex being too short in duration and June being a touch long. As with last week, I'm looking to put something on in EWZ (14/30), since I don't have anything on at the moment, but have really just been waiting for June to get closer in time: the June 21st 36/44.5 short strangle is paying 1.23 with a buying power effect of about 4.10/contract, break evens at 34.77/45.73, and delta/theta metrics of -2.1/2.35. It's a little wider than I usually like to go (~25 deltas), but if I'm going to but it on early in the cycle, I want a little more room to adjust if necessary.
The standard 25/10 iron condor in the June cycle is the 34/37/44/47, which is paying 1.02 with a buying power effect of 1.98, break evens of 35.98/45.02, and delta/theta of -2.05/1.07.
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