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| Market Summary (continued) Friday delivered upside as word is out the US and China have agreed to restart trade negotiations with Trump and Xi meeting sometime in late summer/early fall. For the market, holding talks is much better than trading insults, and thus Friday was an up session. SP500 9.44, 0.33% NASDAQ 9.82, 0.13% DJ30 110.59, 0.43% SP400 0.49% RUTX 0.43% SOX -0.73% NASDAQ 100 0.04% VOLUME: NYSE +8%, NASDAQ -7%. Volume on the week showed overall distribution on NASDAQ, a mix of distribution and accumulation on NYSE. ADVANCE/DECLINE: NYSE 2.3:1, NASDAQ 1.4:1. Solid enough on NYSE, but NASDAQ is showing the bleed as upside breadth is weak on a market upside session. Up, but nothing new, nothing game changing. The indices are still in the same patterns with all trending higher, all holding support other than SOX. DJ30 has done more than hold support, rallying nicely higher off the 50 day MA. The others? They have held support but are not really making any kind of serious move higher -- the same kind of slow one day up, one day back action. That leaves the indices still in good enough position, but not showing the kind of chops that indicate they are ready to make that solid break higher. Perhaps they can win by attrition, holding out with steady slow moves a la the turtle versus the hare. Read "The Daily" Entire Weekend Summary Watch Market Overview Video Watch Technical Summary Video
Company Profile EARNINGS: 11/06/2018 STATUS: Great breakout a week back, clearing an 18 month cup with handle base. The handle consists of a 2.5 month double bottom using the 200 day SMA as support. Strong breakout, nice test to the 10 day EMA this past week. Thursday a nice doji with tail off the 10 day EMA looks to have set the test low. Ready to move in as BCRX continues a good break upside. CHART VIDEO Volume: 584.773K Avg Volume: 812.002K BUY POINT: $7.31 Volume=1M Target=$8.94 Stop=$6.77 POSITION: BCRX DEC 21 2018 7.00 C - (59 delta) &/or Stock Receive a 2 week trial and if you stay on receive a $30 per month discount! | ||
| 2) STOCK SPLIT REPORT Playing stock splits can be very profitable, but it takes know-how. Our stock split service focuses on three main types of plays: 1) pre-announcement (where we forecast an upcoming split prior to the company making the announcement); 2) pre-split (these plays are made in the days leading up to the actual split day); and 3) post-split plays (plays made after the actual stock split where the stock is showing continued or renewed strength). Listen to Stock Split Report Editor Jon Johnson's stock split interview on CNBC-TV [ View Here ] Here's a leader play and our current analysis.
Company Profile EARNINGS: 10/31/2018 STATUS: Working on the handle over the 10 day EMA in a nice 7 month double bottom base. Big gap upside through the 200 day SMA to start August as earnings were pleasing. Continued higher as the 10 day EMA caught up. Tested the 10 day EMA Friday, ready to move in when ESIO shows a new solid break upside. Nice setup good sector. CHART VIDEO Volume: 1.127M Avg Volume: 791.355K BUY POINT: $23.74 Volume=1.1M Target=$27.60 Stop=$22.41 POSITION: ESIO DEC 21 2018 22.50 C - (60 delta) &/or Stock Learn more about our Stock Split Report and how we have made gains of 321% with our powerful stock split plays! Save $360 per year on the Stock Split Report! Plus 2 week trial! | ||
HLF (Herbalife--$56.07; -0.83; optionable) Company Profile EARNINGS: 10/31/2018 STATUS: After forming a 3 month range to consolidate the January to May rally, HLF blasted higher to start August on its earnings report. Strong volume then spent the past two weeks testing, coming back to the 20 day EMA and early May high. Nice little ABCD pattern. If HLF can make the break higher and hold it with some good volume, that is the signal to move in. CHART VIDEO Volume: 1.517M Avg Volume: 1.384M BUY POINT: $57.55 Volume=2M Target=$65.25 Stop=$54.99 POSITION: HLF NOV 16 2018 57.50 C - (55 delta) &/or Stock Save $600 per year and enjoy a 2 week trial of our IH Alerts Service! | ||
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--by the MarketFN STG Team CSX (CSX Corp.) Company Profile Our Success Trading Group members scored another winning trade this week when we closed out a position in CSX Corp. (Ticker: CSX). We are watching several stocks and are looking forward to trading next week. Our Success Trading Group closed 7 years with 0 losses on our Main Trade Table. In fact, we closed 100% winning trades for the calendar years 2016, 2015, 2013, 2012, 2011, 2010 and 2009 (we still have 1 open position from 2017 (all others were winners) and 1 trade that we opened in 2014 was closed as a losing trade). All of these trades are posted on our Main Trade Table for your review during your free membership trial period. Get Our Next Trade Free - Save $50 per month! Details Here. | ||
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VSH - Vishay InterTech, Inc. is currently trading at $22.55. The October $22.50 Calls (VSH20181020C00022500) are trading at $1.00. That provides a return of about 6% if VSH is above $22.50 on expiration Friday in October. Company Profile Learn more about our Covered Call Tables | ||
Stock Split Report: Forbes.com Best of the Web Covered Calls: Allowed in your IRA - Energize your portfolio! The Daily: "The Daily" is a must read for all investors! Success Trading Group: 7 years without a trading loss! | ||
| The foregoing is commentary for informational purposes only. All statements and expressions are the opinions of Online Investment Services, LP., or Split Ventures, Ltd. This information is not meant to be a solicitation or recommendation to buy, sell, or hold securities. We are not licensed or registered in the securities industry. The information presented herein and on the related web site has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. The security portfolios of writers for this issue may, in some instances, include securities mentioned herein and on the related web site. Estimates, assumptions and other forward-looking information are subject to the limits of forecasting. Actual future developments may differ materially due to many factors. No one associated herewith receives compensation in any manner from any of the companies that are discussed in this newsletter or on the related websites. This email was sent to eaafedt.BlogMFN@blogger.com. | ||
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