3.29.2016 Trading AAPL with Our Cloud Break Indicator

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3.24.2016 A Day Trade Setup in the VXX

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3.22.2016 Trading the VIX and VXX With Our Indicator

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Trading TWTR With the Ichimoku Cloud Indicator

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Trading TSLA with The Cloud Indicator

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Home Depot up on earnings miss?

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Home Depot (HD) trading at $78.60 near its fifty two week highs. Home Depot is up about 2.69% today on an earnings miss. Shares of Home Depot have been trading in a fifty two week range between $72.21-78.82. Home Depot is a hardware and home improvement retailer. The company blamed the earnings miss on the long winter and the cold weather. Home Depot is one of the very few companies that could legitimately use the long winter as an excuse for a disappointing quarter. Most of Home Depot’s business comes from the sale of outdoor items. Considering the harsh winter Home Depot only missed by .03 cents a share. Although revenue fell sales were on the rise for the retailer. With the summer somewhere in the near future, traders think HD could continue through to new fifty two week highs. Today we saw some bullish activity in HD with a trader buying 2720 August 85 Calls for $0.32 cents. Home Depot is currently trading below the Ichimoku cloud. The chart is showing neutral future trend and has been trading bearishly on the cloud over the past two months. Although there isn’t any extremely bullish signals, we will be keeping an eye on Home Depot for bullish activity and a break in the cloud to the upside.

Unusual Options Activity Report 4.4.2013

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Chart Options Backspread LadderPaper bought 2000 HUN May 19 Calls for $.80 (4.7 times usual volume) when stock was trading $18.23
Paper bought 5000 TLT Weekly 119 Calls for $.91 when stock was trading $119.57
Paper bought 2000 WFC 4.12.2013 Weekly 37 Calls for $.50 (when stock was trading $36.93
Paper bought 18,000 PCS June 12-14 Call Spread for $.41 (2.6 times usual volume) when stock was trading $11.12
Paper bought 1575 MBI May 13 Calls for $.40 when stock was trading $10.19

A Reason to be Bearish: $CAT ($SPY, $QQQ) 4.1.2013

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From the technical prospective, CAT shares are below the 200, 150, 100, and 50 day moving averages. The copper market is also below these moving averages, echoing the bearish technical set-up.

In recent news, Susquehanna analyst Ted Grace lowered his 2013 EPS estimates from $8.00 to &7.45. And just today the ISM index fell to worse-than-forecasted levels…both not helping the CAT bulls in the short term.


Author
salernoma@mx.lakeforest.edu

A Reason to Be Bearish