GILD Day Trade Perfect Gap N Go (Brad Reed Feb4,2015)GILD expected to open at 98.93 for a Perfect Gap N Go. Watch for nearby pivot. To learn this strategy for free go to www.RealLifeTrading.com
GILD trade ideas
$GILD warmer, warmer, warmer.Price has memory, 100-106 area is particularly painful for anyone who got in this stock.
As you can see in the yellow box, Gilead spent a month in that range, many people wanted to play for a box/sym tri breakout and ride the "year-end beta chase/Santa Rally" (whatever the fvck that is, some kind of "conventional wisdom" CNBC had planted in newbie traders' brain I guess)
Anyway, I'd expect an increase of selling pressure as $GILD approach 103-106, a confluence of MA and trendlines. And believe it or not, it's made a series of lower highs and lower lows, I know this pattern has lost its relevance in this bull market, but believe me, it's important.
You can sell the FEB 105/110 call spread for roughly $1.7( or wait till it gets to 105-106 and sell the 110/115 for $1.7, just by eyeballing), or just wait a while for confirmation, let the price show you where it wants to go.
Using Parabolic Sars and Squeeze Indicators IntradayGILD - 3 min intraday chart. Indicators: Squeeze Momentum, Parabolic Sar, and VWAP
These are new indicators for me, so I did this to help me to interpret and utilize them to execute an intraday trade.
First, here is a brief overview of the Indicators used in this chart.
The Squeeze Momentum Indicator is made up of 2 components: Graph Columns and Stars.
The graph columns show the direction on the trend and the intensity. Bright Green is uptrend growing intensity. Dark green signals a loss of momentum and the reversal to the downside. Bright red is a downtrend growing intensity. Dark red signals the loss of momentum and reversal to the upside
There are 2 colors of stars. Red is the squeeze. Grey is the release. When the stars go red to grey, it results in powerful move up or down depending on the color of the graph. Generally, you can enter a trade within 1-3 grey crosses, and exit a trade by 3rd red cross.
Parabolic Sars is really simple. If the price is above the green dots, you can go or stay long. If the price is below the red dots, go short or stay short.
VWAP: I basically use this as a line in the sand. Note: you could use moving averages, but I found that they just made it too confusing, and more difficult to read with no added benefit.
The red and green boxes mark the entry and exits of the possible trades. Ok, so executing the trades.
I skip the first 15 minutes to allow for a proper setup.
At 9:45 we have a grey cross within the red graph, the price is below the red dot, and the VWAP, so go short
At 10:33 we have the 3rd red cross and the the graph is dark red, so you cover. (Short 16 bars/48 min)
At 10:39 we get a grey cross, so go long. (You could have a more conservative entry by waiting for the 2nd or 3rd grey cross).
At 10:54 the price moves over the green dot. There was also a higher high, so you stay in.
At 10:57 the price is rejected by the VWAP, and it is the 3rd red cross on the squeeze indicator.
At 11:09 it is rejected again by the VWAP, it had a lower high, and we are now on the 7th cross, so it's time to sell. (Long for 10 bars/30 min).
It continues squeezing until 11:39 when we get an explosive move up! It goes up over $1.50 in 1 candle. It blew though the VWAP, and price is above the green dot, so go long.
Between 11:57 and 12:00 there is a small pullback, so you could take some profits, but there is no need to exit the position at this point.
At 12:12 The graph changes to dark green (loss of momo), there was a lower high on the last bounce, and it is also the 2nd red candle consisting of mostly tail at the top, so it's time to sell or reverse your position and go short. (Long for 11 bars/33 min)
At 12:15 you have either reversed your previous position, or you are entering a short here. You are on the back end of the move, you have a confirmed lower high, the price is blow the red dot.
13:12. A higher low was put in, and the dark red graph is getting smaller, so it's time to cover. (Short 20 bars/1 hour).
At 13:18 a green dot appears blow the price, so you go long) or you could have reverse your short position 6 minutes ago depending on how aggressive you want to be).
At 14:36, the graph is dark green and close to the midline, so it looks like it is just going to go sideways the rest of the day, close out the position, and keep watching it. (Long 26 bars/1 hour, 18 min).
The red crosses on squeeze momentum indicator stayed for the remainder of the day, and the graph stayed near the midpoint, so there was no momo in either direction, so no further trades were made.
GILD Day Trade (Brad Reed Dec22,2014)Expected to open between 96 and 97 for a Bearish Gap N Go. Last candle black on the hourly. Learn to trade this strategy for free at www.RealLifeTrading.com
GILD Bullish CaseSupport hit on lower trendline couple of days back, Bullish MACD crossover which resulted in taking out 20dma with ease and almost closing above 50dma on the same day. Could see a gap up on monday and look to regain it's ATH of 116 pretty soon.
GILDTough call looking at the daily time frame. IHS noted earlier looks like it might have a chance over the noted resistance. BUT, the overall pattern could be a broadening formation. The weekly looks like this one has had a monster run
and consolidation for a good while may be in order.
GILDOld chart and notes not updated. Descending Triangle here could be setting up for another move down.
GILDUpdated chart. The rounding top is still possible, but I'm now focused on this bear flag. Notes on chart.
GILDI know this one is deeply loved, but there could be a rounding top forming here. Notes on chart.
Will earning kill the break-out upside? Very Unlikely (124 PT)The company will report its Q3 tomorrow after market close and is expected to even print a new higher prices. Today printed all time high or a new higher high and seems ready to take off another leg upside. If you want to have a real time alert try us www.2waytrading.com
My speculative guessGILD a fundamentally sound stock is contained in this short term uptrend channel
If the channel function well, chances are high that i see price gap up to the "outperform price" region
but if the earning is less than expected, price would gap down to the "under perform price" region.
This is totally speculative just base on Channel which i will find out in 2 days time
P.S. I have a total of 195 long term put options with only about 10 long term call options.
Is GILD building out a bear channel for future shorting purposesOne look at GILD (and CELG and IIB) are showing pretty much the same pattern that MAY be building. And yes its a bear channel that we'd like to see build out for shorting purposes. That and an upward move to some resistance zones shown, but the market is the boss and its going to do what it wants to do. The market is the boss not us. If the pattern builds out it builds out. As with all I do its real simple, no pattern no trade. These are not recommendations, strictly for informational and educational purposes only.
Gilead - one of the strongest stocksThis stock amazed me during these weeks - it held within its upper part of the trading and even the trend bars are still green. Although 2 times it was a good sell at 110 for a small profit, it bounced off the trend line. Now price is squeezed between the the mid-trend line and 110. If markets is not getting weaker i see it easily overcoming 110 from 3rd, maybe 4th try.
GILD H&S Forming?Just a hunch, but here's my .02 on GILD, one of the highest-flying Biotechs. Could be setting up for a massive H&S. Shows where left shoulder already formed, working on the head and my guesstimate ref. the right shoulder.
At a minimum, is a great short candidate and a great low risk/high reward scenario b/c you can short it now and set stop at top of forming head ...110.64 +.01=110.65 for stop.
TGT would be around 22ish, so that's a pretty good drop if it came to pass.
TBD and will be fun to watch!
Buy on the first test of the breakout.The highest probability play was to buy GILD on the first test of the breakout.
Technicals Saying Take Profits On Gilead Sciences, Inc. (NASDAQ:The biotech sector has had an amazing run in 2014, and you could say that Gilead Sciences, Inc. (NASDAQ:GILD) has lead the charge. The biopharma company is up roughly 40% year to date, and this is after an amazing 100% return for investors in 2013. One could say this is a can't miss stock and rewards its shareholders extremely well. I am not trying to take anything away from the run that Gilead Sciences, Inc. (NASDAQ:GILD) has had. However, looking at the weekly chart I am seeing a bearish pattern being formed, and this indicates to me that there will be downside in the near future.
The candlestick that has developed on the chart below is called, a "bearish engulfing candle" and it points to further weakness ahead. So how far can Gilead fall? The first meaningful level that I see is $84, as that is not only the break out area which lead to the recent run up to the all time high of $110.64. But there are also some key proprietary factors which should provide longs a 10% bounce at that level. So while this level may seem like it's far away, know this, the biotech sector can be extremely volatile and this level could be achieved easily in weeks, if not days. Keep a close eye on this chart as the trading action it presents will be fun and profitable!
If you only read one email again, make sure it comes from the Elite Round Table. Our FREE market emails contain information that can actually make you money. Ask yourself, what email have you read that can do that? Answer = none. Join our list here.
Parm Mann
Elite Round Table
Follow me on twitter: @ParmMannTrader
$GILD Cleared Psychological Pivot Point (Will it last)"Seeing is believing" it does not need a lot of explanation. Its true that price finally closed above PPP level, and seems to print the projected price of C/handle. If market eventually corrects as expected, this is one of the stocks many bears will try to hit hard as it outperformed the market in general. We don't recommend a long term short entry but expect a pull back towards 90-95 which will present another opportunity to re-enter this stock. Stay safe and tuned for more to come. If you like it follow us.
GILD US, Sovaldi against Hepatitis C, LT BUY extreme potentialin at 82 catching early move, still must have
Since December 2013 Sovaldi is available in the US and
since January 2014 in some European countries while
approvals in various significant markets are still pending.
Based on its medical importance, I expect more
launches in due time. Medicare (US national social
insurance program) projects costs of USD 6.5bn in 2015
related to Sovaldi (US only).
Until recently, Hepatitis C patients have been treated
with a combination of injections and the effect was only
to stabilize the disease but not to heal it. In addition,
side effects were significant. Sovaldi can be applied in
the much easier form of pills. Furthermore, Sovaldi can
completely cure Hepatitis C within weeks, as results have
shown.
The Swiss Department of Health assumes that 1% of total
population is infected with the Hepatitis C virus, thus
approximately 80’000 people in Switzerland. Extrapolated,
Europe would have 7.5m potential patients and worldwide
there will be 80m potential patients. Costs of treatment
are currently USD 84’000 per patient (in the US). Enormous growth potential here.
This week the price went up.But the overall picture has become much more negative. This is a good opportunity to open a short position.
The movement will continue within the current trend.The movement will continue within the current trend.
Pullbacks Over Last Yr When RSI Rolling Like This Average -12.5%Currently Only -3% Off High. $IBB $XBI
