BLK2 trade ideas
beat earnings, still overcooked, short BLKThe outperformance in Blackrock far outpaces the S&P and most of its competitors in the asset management space. S&P in orange & State Street in blue.
This pop on earnings is short-lived. I expect it to sell back off to where it came from. And when we have the 10-15% market correction which is needed for healthy financials; Blackrock will plummet during the correction because their assets are directly tied to the market.
Longer Term BLK Idea (Jan 14th through July 2021)BlackRock, Inc. (January 14th 2021 through July 16th 2021)
Low: $702 - $770
High: $1,097- $1,231
2020 Q4 Earnings projection expected tomorrow: $8.80 - $8.84
Copy and pasted from a shorter term chart linked in related below:
On the technical side of things, BlackRock's stock is looking fairly bullish to me right now, and not just because of the recent run up its had the past few weeks. I started looking at this firm last night after Cindicator offered some questions for me to submit analysis for.
I think BLK will show a large increase tomorrow and potential Rising Window candle gap from current close price earlier today. It could even go all the way to $880-890 in the next day if earnings report comes out positive tomorrow morning.
One notable aspect I'm finding in BLK's current/upcoming ventures is the bitcoin hype being spread by the CEO. Could BLK end up moving towards a bitcoin trust fund much like Grayscale has? Would be an interesting development to see play out, and I think it could eventually happen.
Here's an article from Coindesk describing BLK's interest in moving towards blockchain technology.
BlackRock Seeks VP Blockchain Lead to ‘Drive Demand’ for Firm’s Crypto Offerings - December 27th 2020
Quoted: >"BlackRock CEO Larry Fink recently made some bullish comments on bitcoin (BTC, +14.82%), stating it has 'caught the attention' of many people and that the nascent cryptocurrency asset class can possibly 'evolve' into a global market asset"
With the charts and the positive news surrounding BlackRock recently, I think tomorrow's earnings announcement could surpass the original 3 month WS projections of $8.40, but not sure if it will surpass current estimate of $9.09. Morgan Stanley's estimate of $8.89 earnings sounds right on track with my estimate of $880 for the actual stock price.
Another thing I want to point out is that the timeframe for which I think this could all happen could be too long and extended, perhaps these gains and retraces are seen in half or less the time instead, but I will have to come back later to see what parts need recalculation if it comes to that.
Here are some more relevant BLK analyses:
Wall Street Journal - BLK
Morgan Stanley Raises BlackRock’s Target Price to $890 Ahead of Earnings; Forecasts Q4 EPS of $8.89
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
Q4 2020 Announcement (Jan 14th through April 2021)BlackRock, Inc. (January 14th 2021 through April 20th 2021)
Low: $770 - $779
High: $880 - $883
Earnings projection expected tomorrow: $8.80 - $8.84
On the technical side of things, BlackRock's stock is looking fairly bullish to me right now, and not just because of the recent run up its had the past few weeks. I started looking at this firm last night after Cindicator offered some questions for me to submit analysis for.
I think BLK will show a large increase tomorrow and potential Rising Window candle gap from current close price earlier today. It could even go all the way to $880-890 in the next day if earnings report comes out positive tomorrow morning.
One notable aspect I'm finding in BLK's current/upcoming ventures is the bitcoin hype being spread by the CEO. Could BLK end up moving towards a bitcoin trust fund much like Grayscale has? Would be an interesting development to see play out, and I think it could eventually happen.
Here's an article from Coindesk describing BLK's interest in moving towards blockchain technology.
BlackRock Seeks VP Blockchain Lead to ‘Drive Demand’ for Firm’s Crypto Offerings - December 27th 2020
Quoted: >"BlackRock CEO Larry Fink recently made some bullish comments on bitcoin (BTC, +14.82%), stating it has 'caught the attention' of many people and that the nascent cryptocurrency asset class can possibly 'evolve' into a global market asset"
With the charts and the positive news surrounding BlackRock recently, I think tomorrow's earnings announcement could surpass the original 3 month WS projections of $8.40, but not sure if it will surpass current estimate of $9.09. Morgan Stanley's estimate of $8.89 earnings sounds right on track with my estimate of $880 for the actual stock price.
Another thing I want to point out is that the timeframe for which I think this could all happen could be too long and extended, perhaps these gains and retraces are seen in half or less the time instead, but I will have to come back later to see what parts need recalculation if it comes to that.
Here are some more relevant BLK analyses:
Wall Street Journal - BLK
Morgan Stanley Raises BlackRock’s Target Price to $890 Ahead of Earnings; Forecasts Q4 EPS of $8.89
Longer term idea attached to related here:
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
$BLK followed through its PEAD projection after its earnings$BLK traded within the projected PEAD cone after a positive under reaction following its earning release, trading mostly along the upper boundary of the projected PEAD cone.
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What is Parabolic SAR?This is a very interesting and useful indicator.
You can use it for the following purposes:
Trend
------We are in an uptrend when dots are below the candles.
------Downtrend is when dots are above the price.
Entry Signals
------ Buy signals ( Only in an uptrend market ). The first dot below the candle
------ Sell Signals ( Only in a downtrend market ). The first dot above the candle.
Stop loss
------ Long positions: Put the stop loss below the dot. ( You can move the SL every time to use as a trailing SL.)
------ Short positions: Put the stop loss above the dot. ( You can move the SL every time to use as a trailing SL.)
As I said before to avoid false entries as much as possible only trade in the direction of the long time trend. Use a trend indicator or big MA to determine the trend direction.
Settings for AF numbers ( Acceleration Factor ) can be changed but I prefer the default settings.
BlackRock Stock Rally Is sustainableWe anticipate that the uptrend of BlackRock will continue to generate excellent organic growth.
Note: Any reference to an investment's past or potential performance is not, and should not be construed as, a recommendation or as a guarantee of any specific outcome or profit.
To $617 - Short after earnings (Weekly chart)BLK has moved nicely in the FIB channel since 2008. It is now over-extended and filling in the triangle on the weekly chart.
I expect the stock to consolidate for few more weeks until earnings, and we see the decline right after earnings in Jan.
Side note: A Bearish divergence is forming on daily chart view as well.
Price target: $617-653 (by March 2021)
Blackrock ShortI have highlighted the XLF representing the broader financial sector in purple and the S&P 500 index in gray. As you can see it has outperformed the financial sector by a longshot and outperformed the S&P 500 index.
Since Blackrock’s bread and butter is asset management with nearly 8 trillion AUM, the overall concern with overvaluations in the markets combined with BLK’s significant outperformance to its peers and to the broader market in which it invests; I’d say it is time for a pullback.
I would expect it to correct to its previous highs as seen with the green line. I do not expect it to head down towards the XLF, but it is possible it could correct all the way to where the S&P is. It is trading at about 21x earnings.
BLK: how to set up a base options trade for a big moveBlackrock: this is just a fantastical example on how to setup a base options trade for a big move. I am not actively trading BLK currently, too rich for my blood, lol. But for informational purposes, I wanted to explain a certain options strategy angle. I call it the big squeeze & eliminate theta strategy. haha
1/15/21 expiry: because printed BLK earnings dates are 12/12, 12/14 & 12/20 as far as I can find so it's in range.
*opening trade*
buy $660 call = $46.90, Delta = .73, Theta = .31, Vega = .72, OI = 284
buy $720 put = $38.60, Delta = .64, Theta = .32, Vega = .80, OI = 26
sell $740 call = -$7.95, Delta = .24, Theta = .26, Vega = .67, OI = 59
sell $640 put = -$7.85, Delta = .19, Theta = .27, Vega = .59, OI = 251
total: $69.70
max risk: $9.70 - 14%
max reward: $1.30 - 2%
Beginning result = medium risk, low reward, compared to the capital investment. Initially not worth it yet, with a 7 : 1 risk : reward ratio
*on going trade*
Because the ATR is at $14.40 you now have the flexibility to buy or sell, to open or close, positions in these specifically chosen strike prices over the course of the next 5 calendar weeks leading up to 1/15/21 expiry.
As you gain better insight into the underlying security, in this case BLK, you should be more accurate in your other strike prices and expiry dates, entries and exits.
There will be plenty of opportunities to start to make this base trade more profitable or more risky.
Using different time frames, doing your homework, waiting for premium signals, you can easily reduce the risk and add to the profit along the way.
VPVR settings: 52 because my view is showing 52 weeks
ATR settings: 23 because there's about 23 trading days left until expiry
pi RSI setting: default because Archimedes constant algorithm pi 3 14 15 92 has accurately guided my trades price action
Fibonacci VIP: default because the Fibonacci sequence 5, 8, 13, 21, 34, 55, 89 for volume ema has accurately guided my trades
Fibonacci MA7: default 21, 34 with common 50, 100, 150 ema's because BLK back testing responds most accurately to these parameters
Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny for a month it = $5,368,709. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
www.tradingview.com
**TA Practice**Bearish Divergence on the 1 day along with BLK being at the top of its up trending channel and meeting the 1.618 fib. Will look to reenter at better values zones at the bottom of the channel
BLKBlackRock in my opinion. So both 2008-2020 range and 2020 covid-period range both tell me that BlackRock is overvalued, and I am interested to engage some shorts. TP @ MA50
BLK looking bearishShares look set to fall below $650.
RSI looks topped out, OBV flattening out as well.
Black Rock with a very weak bullish sentiment$BLK is trading around the mid line of the projected PEAD Cone, as the stock is projected to have a neutral stance with a very marginal bullish sentiment.
BLACKROCK EstimatesHey traders, BLACKROCK is at a very important moment in its history, we can witness a new historical high. She is in a fake bearish push with a high volume of sell at the end of the session. And an inverted hammer bear candle, the TIMEFRAME 1Min shows a stroke. Who tells us that we are staying in the current trend and this one and buying. Strong possibility of breaking the Vwap then climbing to its previous highs and breaking out the stabilization zone. Then to join a new zone to make a new historical high.
Please LIKE & FOLLOW, thank you!
Cup and Handle Earnings in AMEarnings 10-13 BMO
BLK has been through several patterns in the past year including a fall from a rising wedge
Upper trendline from previous A Triangle can serve as support, as well as handle low
Earnings soon and I see they do miss sometimes
Risky to trade a stock before earnings. In other cases, it is the only way to ever catch it in the near term
Looks like Zack and Earnings whisper, as well as analysts think BLK will beat earnings
We know this does not guarantee the stock will go up even if they do beat earnings..I am hoping they do (o:
Not a recommendation
Patterns within Patterns C&H A Triangle Rising Wedge?I see a cup and handle and an ascending triangle that BLK broke up and out from today after earnings.
I also see a rising wedge .. The touches of the trend lines do not add up .. I think I may stop looking for those )o: Too many since the virus hit the market
Short is low
Patterns within Patterns.
Lots of Volume at 495ish/Now at 587.72 at close today
Not a recommendation ..I do own this stock and will wait for a pull back
BLACKROCK CALL TO EARNINGSPartita la tornata di trimestrali estiva in uno dei climi più caldi degli ultimi 20 anni, tra società che decidono di tagliare o addirittura eliminare i dividendi, e iniezioni di liquidità senza fine.
In questa fase di trading bisogna sempre ridurre le size per non farsi prendere in contro tempo dalla grande volatilità che caratterizza il periodo.
In queste settimane teniamo sempre d'occhio il calendario perchè gli earning posso muovere di non poco la situazione.
Qui vediamo BlackRock che oggi a fine mercato annuncerà i guadagni del trimestre, ci aspettiamo forte volatilità
