Home » Posts tagged 'Wall Street'

Tag Archives: Wall Street

Wall Street Traders Report July 4th

Wall Street Traders Report July 4th

Goldman Sachs (GS)

The Goldman Sachs Group, Inc. is global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals.

The chart below shows it’s share price over the past seven months. The downtrend was broken in mid June with prices consolidating above the 200 day moving average. Over the past fortnight the price has retraced to form a bullish wedge. Yesterday saw a bullish candle breakout from the wedge pattern. This is my signal to enter a long position trade.

On this setup I will look to go long at a price of $168.00 with a stop-loss under the wedge low of $166.00. My initial target will be the resistance high from March of $175.00.

Happy Trading

Flavio

Daily Chart Goldman Sachs (GS)

Daily Chart Goldman Sachs (GS)


 

 

Wall Street Traders Report June 30

Wall Street Traders Report June 30

Apple (AAPL)

Shares in Apple have enjoyed a rise in prices for the past few months. The rise in prices has formed an up-trend with a recent retracement forming a trend channel.

The share price had a bullish breakout from the channel on Friday. This provides my trigger to enter a long position. I will look to enter somewhere in the region of the real body candle from Friday (approx $91.00). My stop will be placed under the most recent pivot lows in the region of $89.50.

Happy Trading

Flavio

 

Daily share price Apple Inc

Daily share price Apple Inc


 

Wallstreet Traders Report June 17th

Wallstreet Traders Report June 17th

Tesla Motors (TSLA)

Tesla Motors, Inc. designs, develops, manufactures and sells fully electric vehicles and advanced electric vehicle powertrain components. It provides services for the development of electric powertrain components and engages in the sale of electric powertrain components to other automotive manufacturers.

The share price for Tesla increased 8.81% on Monday on the back of positive news from the company that it’s long anticipated electric car Model X SUV will be delivered in early 2015.

The share price managed to breakout from its recent trading range and through recent resistance on higher than normal volume. I expect the bulls to come in and push prices higher with targets close to the March highs of $260-$265.

Happy Trading

Flavio

Daily Chart Tesla Motors (TSLA)

Daily Chart Tesla Motors (TSLA)


 

Wallstreet Traders Report June 11th

Wallstreet Traders Report June 11th

Facebook (FB)

Shares in the social media giant Facebook (FB) increased 4.6% at the close of trading on Tuesday. This increase was on the back of the announcement  a PayPal head will join the company to head it’s messaging products division.

The share price below shows the recent price action with a strong breakout from recent congestion. The breakout occurred on relative strong volume which adds to the bulls conviction to rise the share price.

Traders can look at entering a long position with a target price close to the March high of $72.00. Stops can be placed under the most recent congestion low of $62.00.

Happy Trading

Flavio

Daily Chart Facebook (FB)

Daily Chart Facebook (FB)


 

 

Wall Street Traders Report June 9th

Wall Street Traders Report June 9th 

General Motors Company (GM) 

General Motors Co. is an automobile company, which develops, manufactures and markets cars, trucks and parts worldwide.

The technical chart setup is detailed and explained below.

Chart 1: General Motors

Chart 1: General Motors Co.

Technical Pattern: Inverse head and shoulders with prices trading above the 200 day moving average.

Signal: Breakout from neckline resistance three trading days ago. Friday’s candle shows a rejection of the neckline resistance which has now turned to support.

My Trade Strategy: to go long on the open of the market provided the price open’s above $36.00 with my stop loss just under the 200 day moving average (approx $35.20)

Happy Trading

Flavio


 

Wall Street Traders Report April 10th

Wall Street Traders Report April 10th

The US markets enjoyed a bullish day on Wednesday with gains made in all the major indexes. The S&P500 gained over 1% and manged to bounce off the 1,840 support level I mentioned in yesterday’s blog. The S&P500 is currently trading in a range bound by support of 1,840 and resistance of 1,895.

 

S&P500 Index

S&P500 Index

Coca-Cola Company (KO)

The chart for Coca-Cola shows an ascending triangle with horizontal resistance at $39.00. For this set-up I will be watching for a breakout closing price above $39.00 to trigger my buy signal. If this occurs then I will be targeting a price of $41.00.

 

Coca-Cola Company (KO)

Coca-Cola Company (KO)

Eli Lilly and Co (LLY)

Eli-Lilly has been trading within a rectangular range bound by support at $57.00 and resistance of $60.00. Yesterday saw a breakout closing price above the $60.00 resistance level. I will look for confirmation of the breakout today with a second day close above $60.00.

Eli-Lilly Co (LLY)

Eli-Lilly Co (LLY)

Happy Trading

Flavio

 

Wall Street Traders Report April 9th

Wall Street Traders Report April 9th

The technical’s for the Dow Jones Index show signs of reaching support levels and perhaps falling slightly further before it’s able to resume it’s up-trend.The Index has retraced after touching it’s resistance level of 16,600 and I expect it to keep falling towards the support level of 16,050.

Dow Jones Index (DJI)

Dow Jones Index (DJI)

In comparison to the Dow Jones Index above the S&P500 index has already reached it’s short term support level of 1,840. Prices should hold here in the short term before the index is able to resume it’s up-trend. A break below this support region could see prices drop further all the way towards 1,815 points.

S&P500 Index

S&P500 Index

Senior Housing Properties Trust 

The chart shows the formation of a bullish reversal inverse head and shoulders pattern. The price was able to break through the $23.00 neckline resistance two days ago.

Senior Housing Properties Trust

Senior Housing Properties Trust

 

 

Wall Street Trader Report March 21

Wall Street Trader Report March 21

It’s been a quiet week for me on the trading front mainly due to missed opportunities on the Australian market with limit orders not being hit. As trading is not my full-time job this makes it difficult to see new opportunities as they arise during the market hours as I am busy working in my full-time job. This is one of the disadvantages of a part-time trader with a day job as many of you may be, however, I am hoping to be able to enter a trade on the US markets when they open in a few hours from now. To finish off the week I will write about a long and a short position trade setup.

LPL Investment Holdings (LPLA)

LPLA formed a strong up-trend from October to January when it hit a high of $54.91. It then began to move sideways and formed an ascending triangle which is a sign of consolidation and ordered profit taking. Yesterday saw a breakout from resistance with a strong bullish candle. I’d like to see the resistance price re-tested and to hold above this level before entering.

LPI Investment Holdings (LPLA)

LPI Investment Holdings (LPLA)

Amazon.Com (AMZN)

Amazon.Com (AMZN) has formed a bearish wedge after a very bearish breakdown through support on January 31st. I have highlighted the re-test of the support level which acted as resistance and halted further price increases. You can see how the candle tried to break through the resistance level but closed lower forming a long-tailed candlestick.

Yesterday saw a breakout from the lower trend-line making up the wedge pattern. I suspect the price will resume it’s downtrend from here and may fall all the way back towards the support level of $340. Any price increase should be held up by the resistance level of $380.

Amazon.Com (AMZN)

Amazon.Com (AMZN)

Happy Trading

Flavio

Wall Street Trader Report March 19

Wall Street Traders Report March 19

Nvidia Corp (NVDA)

Nvidia Corp has formed a bullish flag after a strong steep uptrend. I will look for a breakout from the upper line of the flag to trigger a long signal. In my opinion this breakout will need to close above $18.50 to be reliable.

Chart 1. Nvidia Corp (NVDA)

Chart 1. Nvidia Corp (NVDA)

Quicklogic Corp (QUIK)

Quicklogic had a large bullish break today on strong volume. My strategy on this setup would be to look for an entry point at the mid point of yesterday’s breakout candle with stops placed under the same candle low.

Chart 2. Quicklogic (QUIK)

Chart 2. Quicklogic (QUIK)

Seabridge Gold (SA)

The price action for Seabridge Gold (SA) has formed an up-trend channel. After hitting the upper trendline the price has retraced back towards the lower trendline. If the up-trend is to remain in place the lower trendline will need to hold as support. Traders can watch for a bounce from this lower trendline in the form of a bullish candle stick reversal pattern to trigger a long signal.

Chart 3. Seabridge Gold (SA)

Chart 3. Seabridge Gold (SA)

Happy Trading

Flavio

Traders Report March 13th. Silver XAGUSD

Traders Report March 13th

Silver (XAGUSD)

The price of Silver is well off it’s bull market highs of 2011 when it traded at just under $50.00. Since then the price has trended downwards to be trading at less than half of it’s all time high.

Recent short term price action has seen sideways consolidation during the months of December to February when the price traded in a range between $18.90 to $20.60. This trading range was broken on February 14th with a very bullish candlestick which cleared the resistance level of $20.60.

The price managed to reach $22.15 before retracing back towards the resistance price level of $20.60 which acted as support. A doji and inverse hammer formed at this support level which provided an early signal that this price level would hold.

The subsequent price activity has formed a bullish flag pattern. Traders can watch for a bullish breakout from the upper flag trendline to act as a trigger signal to go long. If this breakout occurs initial resistance is likely to be met at the flag high of $22.15 , with the next resistance level of $23.00 correlating with the October highs.

Any retracement is likely to be supported at $20.60 with failure of this level likely to cause further weakness and brings $19.00 back into play.

Chart Silver USD (XAGUSD)

Chart Silver USD (XAGUSD)

Happy Trading

Flavio

Follow

Get every new post delivered to your Inbox.

Join 511 other followers