Long Probably going to bounce at the $820 or $815 which has been a key support since MAY 21. MA Cross - 50MA moved below 200MA. Def. going to take advantage of the discounts on BLK this year. BLK is valued to exceed $1,000 on the high. THOUGHTS ?
BLK2 trade ideas
770 is big break level for BLKFollowing up on:
What would it have to mean for this 10 trillion passive investing firm to go into capitulation?
Blackrock earnings on Friday 1/14 premarketBlackrock (BLK) Q4 December 2021 earnings are on Friday 1/14 at 6:15am. Blackrock (BLK) reported Q3 September 2021 earnings of $10.95 per share on revenue of $5.1 billion. Revenue grew 15.6% on a year-over-year basis. I'm leaning bullish from the entry setup this morning, but now I'm posting as neutral in case of a pullback from today's run. Looks like it will close at the SMA200 around $885. Here's important levels on the 1 day chart:
Q4 December 2021 Consensus:
EPS = $10.15
Revenue = $5.13B
P/E = 23.224
Div /Yld = 1.892
52 week high = $973.16
52 week low = $670.28
SMA200 = $883.72
SMA150 = $900.66
SMA100 = $909.72
SMA50 = $923.32
breakout = $966.46
R3 = $953.03
R2 = $939.37
R1 = $925.69
pivot = $912.01
S1 = $898.33
S2 = $884.65
S3 = $870.97
breakdown = $857.29
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
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Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
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+5% portfolio trades, capital risk management
Beware of analyst's motives
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Lack of planning & discipline
Forgetting restraint
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Blackrock at key supportAs you can see, the price has respected the 200sma (blue) since the break from Covid lows.
Risk-reward-ratio presented is interesting as you will figure out if you are right or wrong pretty quickly; especially since the Bollinger bands have been contracting as we have consolidated.
Trade setup:
Target around $1000 for profit-exit.
Loss-protection exit 1-2% under the 200sma.
Fundamental Analysis '
- The $TNX (interest rates) has broken out which is positive for financial institutions.
- There is a cyclical tilt to the market as high valuation companies in the technology sector are hit hard.
* Note: Earnings are starting at the end of next week for the financial sector.
BlackRock - Momentum Below Trend - DailyYear-End rebalance has been an arduous process.
Many Funds have been paring back to increase Cash Positions.
The slow bleed has been as Bonds catch the usual closing Bids
on rebalancing.
Diversification matters, given the concentration of 711s - it will
be interesting to see where Cash held at Close ends.
Demand for Corporates is muted, while $95 to $100 Billion
lurches from Equities into the Bond ETF Swamp.
Typically a 1 to 1.5% decline from the Highs can be anticipated
and we have seen this.
________________________________________________________
Into yesterday's NYSE Close and Globex relatively small waves of
Selling produced a small move lower into the lower range, making
a lower low for the TF.
The VIX has 20.60 as the Over / Under, well above.
We had an Hourly Trend Change, we will see IF it was another well
arranged trap or there is further Selling on increased Volumes.
10 MA EST has been the Sell for the majority of the Week, with an
8 day run of muted Distribution, Price has ranged for a New ATH for
the ES to the lower Hourly Range Break.
_________________________________________________________
Should be volatile and interesting.
BLK persistently fails to break the resistance. Taking shorts Update on previous BLK analysis (Linked).
We've held a double top on the resistance level and may be on the down into the break. Shorting here with stops above the high. Would seem likely there'd have to be some sort of surprise for this move to happen - but the TA is clear.
Long BLKI am long BLK (Blackrock), mostly in my IRA account.
About
BlackRock, Inc. is an American multinational investment management corporation based in New York City. Founded in 1988, initially as a risk management and fixed income institutional asset manager, BlackRock is the world's largest asset manager, with US$9.5 trillion in assets under management as of October, 2021. BlackRock operates globally with 70 offices in 30 countries and clients in 100 countries. BlackRock has sought to position itself as an industry leader in environmental, social and corporate governance. The company has faced criticism for climate change inaction, its close ties with the Federal Reserve System during the coronavirus pandemic, anticompetitive behavior, and its unprecedented investments in China. Wikipedia
CEO
Larry Fink
FOUNDED
1988
HEADQUARTERS
United States
Here are the fundamentals courtesy of Google Finance:
PREVIOUS CLOSE
The last closing price
$895.44
DAY RANGE
The difference between the high and low prices over the past day
$890.42 - $905.95
YEAR RANGE
The difference between the high and low prices over the past 52 weeks
$670.28 - $973.16
MARKET CAP
A valuation method that multiplies the price of a company's stock by the total number of outstanding shares.
136.22B USD
VOLUME
The average number of shares traded each day over the past 30 days
506.64K
P/E RATIO
The ratio of current share price to trailing twelve month EPS that signals if the price is high or low compared to other stocks
23.84
DIVIDEND YIELD
The ratio of annual dividend to current share price that estimates the dividend return of a stock
1.84%
PRIMARY EXCHANGE
Listed exchange for this security
NYSE
I am a big fan of the healthy Dividend and the relatively low market cap. As of today the US 10 year yield is:
December 06, 2021 1.43%
Holding BLK is ~.4% higher and I can see significant increase in share price as well.
Fundamentally BLK is the largest asset manager led by Larry Fink, a pure genius and a true hustler. I am also looking at this news:
Saudi Aramco (2222.SE) said on Monday it has signed a $15.5 billion lease-and-leaseback deal for its gas pipeline network with a consortium led by BlackRock Real Assets and state-backed Hassana Investment Co. (December 7, 2021 By Saeed Azhar)
Here is a more in depth on the BLK financials:
REVENUE
5.05B
NET INCOME
1.68B
DILUTED EPS
10.89
NET PROFIT MARGIN
33.29%
OPERATING INCOME
1.96B
NET CHANGE IN CASH
945.00M
CASH ON HAND
7.16B
COST OF REVENUE
2.47B
Ownership of a fraction of a corporation and the right to claim a share of the corporation's assets and profits equal to the amount of stock owned
The high profit margin int he main selling point to me, I see 25% as the average profit margin for most firms.
I have a high level of confidence in this stock and I can see it reach at least a $1T market cap. I firmly believe it is undervalued.
BlackRock: Ten trillion of trouble?BlackRock is where a serious chunk of the passive investing capital is. If we were to have built up a big passive investing bubble over the last 50 yrs (Which I think we may have) - this would be one of the main places we'd expect to see the fallout showing itself. But if this were to happen, what else would have to also be happening?
BLK.NYS_Swim Trading VZ Breakout Trade_LongENTRY: 928.77
SL: 888.03
TP1: 979
TP2: 1007
- ADX<20. Would like to be higher.
- RSI>50.
- Maintaining well at pivot point "P".
- Entry based on breakout from VZ today.
- Strength meter shows strength.
Black Rock Pulling Back To Value ZoneBLK stock price is now coming down to the value zone. Rejection is anticipated around 50% fib level (or slightly below)...
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
$BLK: The Undisputed Heavy WeightAs we look forward into the future we may continue to see Blackrock's influence grow from an asset management company into something far greater. With deep pockets and potentially blue skies for the market along with a rising rate environment, we'll see if $BLK can get it done in the weeks / months / years to come.
BLK: Move your stopA call was given on 26 July, bought at 869.25. If you hv taken this trade, you profit should now be around 70% of the risk risked, you may move your stop to breakeven to secure the trade.
BLK: Short term upDue to volume, i am expecting some short term upward movement. Make sure to apply SL and TP.
Listen to your eldersToday we will discuss the investment management conglomerate, BlackRock. They report earnings July 14 before the opening bell.
BlackRock Inc. is one of the world’s leading asset management firms offering a range of risk management, strategic advisor, and enterprise investment system services. With about $7.8 trillion worth of assets under management (excluding money market assets), as of Sep 30, 2020, it caters to institutional, intermediary and individual investors.
Their price action is an embodiment of their ability to execute. Listen to their commentary because it will be a huge indicator for the future of this market. BlackRock has more investing resources than any single entity.
As the saying goes, listen to your elders
BLK Short (Educational macro)Drew this a while ago, never reached my target. Using this as a proxy for financials because quite frankly I am lazy.
Would not touch any financials until this hits low 800s. Tightening yield spreads are awful for banks, because banks lend money on the long end of the yield curve and borrow on the short end of the curve. The Fed was smart about the reverse repo rates and mentioning rate hikes, as it forced the long end of the yield curve to flatten since people sell off short term treasuries. The dot plot showed overnight federal funds rates rising to 60 bps. That is much higher than the current 21 bps of the 2-year bill. From Investopedia, one reason the yield curve may flatten is market participants may be expecting inflation to decrease or the Federal Reserve to raise the federal funds rate in the near term.
It is kind of funny, the banks drove their own parabolic rise by crowding the bond trade and pushing the inflation narrative. Now Daddy Fed is wringing their arms and forcing them down the yield curve, causing their own downfall.
The rotation from value / financials to growth / tech remains strong in my opinion, as the inflation trade was way overdone. 10Y went from < 100 bps to 170 bps in the span of 3 months. That is a metric crap ton of bond selling. Seriously, the US bond market is an ocean of liquidity. People are correcting themselves now. ARKK has a nice uptrend and was green on quad witching.
DO NOT all in growth tech til after Tuesday, as JPOW is speaking, and people get scared any time he clears his throat. Take a lozenge my friend.
$BLK Head and Shoulders Base SetupBlackrock putting in a nice base for its next leg higher. Nice head and shoulders base pattern around its 50 MA.
Blackrock Inc (BLK)- MANAGES FIXED INCOME, CASH, EQUITY AND ALTERNATIVE INVESTMENT PRODUCTS FOR INSTITUTIONAL AND INDIVIDUAL
Blackrock going upBlackrock gone on MA 200 h4 straight up. Already in position, I am happy my plan seems to work.
Looking forward for 768 for Blackrock the next months
Expecting a 15% movement on BLK Today, we will share a bullish perspective we have on Black Rock
- The main structure we are observing is an ascending channel
- Inside the ascending channel, we can see a flag pattern above a support zone
- We saw a breakout of the Flag pattern and a secondary corrective structure above it
- Now, we are waiting for a breakout above the green line to confirm the expected movement
- If that happens, we will trade towards the higher trendline of the ascending channel
- Our Stop loss will be located below the support zone
- The resolution of this setup can last 30 to 45 days
- The risk we will take is 1% of our Capital
- The risk-reward ratio we are looking for is 1.5
Thanks for reading!
Blackrock: THE choice from the financial sectorBLK’s long-, mid and short-term trend charts are presented.
BlackRock, Inc. is an American multinational investment management corporation based in New York City.
Founded in 1988, initially as a risk management and fixed income institutional asset manager, BlackRock is the world's largest asset manager,
with $8.67 trillion in assets under management as of January 2021. BlackRock operates globally with 70 offices in 30 countries and clients in 100 countries.
Along with Vanguard and State Street, BlackRock is considered one of the Big Three index funds that dominate corporate America. (Information from Wikipedia)
Blackrock states “We’re investors putting to work the hard-earned savings of people and institutions around the world in global markets”.
Perhaps there is no better way to invest your money in the long-term than to be a Blackrock’s shareholder. It’s sure that they know better where, when and how to invest.
The next chart with BLK’s performance proves the previous statement.
Prompt: New traders should take some time and carefully read the post entitled 'You can't beat the market' that is located in my profile.
Disclaimer
The author of this text is not an investment advisor. The preceding content is intended to be used for informational and educational purposes only.
It is not an advice or inducement for the purchase or sale of the products mentioned. Before making any investment based on your own personal circumstances,
it is very important to do your own research and analysis and also take independent financial advice from a professional to verify any information provided here.
The situation is not in favor of growthA wedge pattern is formed on the timeframe of 1 hour and 1 day. I expect the price to drop. Conservative entry into the short - from breaking the lower border of the wedge and/or from breaking the support level of 450.84-458.80$.
