quantguy

quantguy Oct 22, 2015

After taking a big hit early August, which set off a bearish period for DIS, they really started coming back with a vengeance. They've been all over the news, from the new Star Wars movie everyone is going nuts about, to a new streaming service which may compete with NFLX in the UK. Note the technicals: beautiful channel pattern with a breakout to the upside. ...

quantguy Oct 22, 2015

The brokerage firm Exane BNP Paribas Downgraded Tenaris (TS) to an Underperform rating. The technicals agree with the fundamentals. There was a big gap down past the level from the high of October 1st. Today, it couldn't quite make it to that level, let alone reject it. Not the Fibonacci levels correspond perfectly from above and below the close today forming...

quantguy Oct 22, 2015

Note how the chart was consolidating in anticipation of this news. Draghi's speech not only indicates hesitation at raising interest rates, but his utter lack of faith in the European economy. Couple that with pressure for more quantitative easing and this trade was a no-brainer. Also note how the price dips down straight to the Fibonacci level which was set...

quantguy Oct 21, 2015

Its already slid below IPO levels, but after the Morgan Stanley downgrade (see the link) you can expect it to slide further, as evinced by its pretrading moves. Note that recently it was really trying to make a comeback, with significantly higher momentum and higher lows, but it still could not break that level from 7/29 around $33.20 or so.

quantguy Oct 20, 2015

OPEC and non-OPEC nations are meeting tomorrow, but the media remains curiously quiet about the whole thing. In fact, we don't even know what time they're meeting. With the economies of countries like Venezuela and Russia being so heavily correlated with oil, it will benefit them greatly if the pressure is lifted on oil prices. As for the technicals, note the...

quantguy Oct 20, 2015

Some great technicals on this chart. Note the flag-ish pattern with a consolidation of volatility today. Unfortunately the technicals say its a touch overbought, so we may have to wait for a slight retracement to get a good price. Note the vacuum area in the $32.50 area which would make $33 a good profit target. The linked article seems to favor them in the...

quantguy Oct 20, 2015

Consumer reports just downgraded the rating on Tesla's Model S to "worse-than-average" citing the fact that consumers "chronicled an array of detailed and complicated maladies" with the popular sedan. Couple that with bearish technicals, e.g. the wedge pattern and lower highs, and its a bleak outlook for TSLA in the near future. Also note the relative lack of...

quantguy Oct 20, 2015

The S&P continues to rally, but why? Is it because of good economic data? Fed news? Jobs? PMI? None of those reasons are confirmed by the data. The technicals on the S&P look strong, but if people are buying simply because money is cheap, this signals a bubble. From experience, the S&P likes to flirt with levels, before making a committed move either way. ...

quantguy Oct 20, 2015

Very strong buying pressure (via the OBV). Fundamentals for Real Estate are strong for the first time since the bubble. Note that the MACD/RSI suggest that its becoming overbought, so it may be of benefit to wait for a brief retracement before entering a long position.

quantguy Oct 20, 2015

The On Balance Volume indicates that there is strong buying pressure relatively recently. Further, the MACD and RSI are in optimal range for a breakout. Notice the consolidation of volatility and an increasing slope of higher lows to form somewhat of a wedge pattern. Finally, the fundamentals indicate strong confidence in housing, for the first time in years.