by Carlos Narváez | Jan 23, 2017 | RQLAB
Previous Updates
January 9th:
Saying that, it seems there is an event being priced; the short term razzmatazz wave shows a considerable top was constructed last week and a potential bottom should occur into the 23rd, the indicator might be lagging at this time. The PCR for this week is less informative since it is into standard territory at PCR: 2.839 so this call for a pullback should be valid. Open interest has been one the few indicators that give us a bearish approach for this market.
AMZN: Support is at 776.19, target at 822, support is buyable.
AAPL: Support continue being 116.56. Target at 122-130
FB: Support is 120.19 target is 128
January 6th
Instead of following through to the upside we got a test of support at 104 area, where we did a repurchase of the stocks we had sold higher. Setup is simple and clear, for as long as 100.25 holds, we can project 109.98 at a minimum, but if 1002.25 breaks with follow through under 99.95 we can establish target at 98.92, with low probabilities for 93.21 and 91.87.
The last standard targets on our books for NFLX are 135.78-140.41, but we should use a tight stop if want to participate on that upside, initial concern should be a break under 1341.43 with continuation under 129.10. Chart here (link) and here (link).
Current update:
I will summary our positioning this way: We have had to sell partially or entirely our cores on NQ (IBM, FB, AAPL, NFLX, IBM, TSLA, AMZN, QRVO) and trade miners to maintain our standard rate of cash flow during this month.
We will describe what TNA has been doing: Holding at or above 98.92. That’s it. For positioning we maintain our tactically neutral approach on this market, this is long, at least until 112 or 123 on TNA. While it is possible that the market can extend to the lower ends of our targets at 91.42 before finally heading to new highs that potential retrace is already factored in within our updates and our books.
We will go one by one across the indicators we follow:
Data Trader Pro or Japhy: His system registered very large blocks on UUP (dollar), SPY, IWM, DIA, XLF, EEM, USO, EFA all at fridays closing levels. As we know he will be bearish below and bullish above the levels the marks were printed. We particularly notice that IWM has been registering decent buying pressure at current levels 100-98.92
Open Interest: The short term razzmatazz is indicating a high into January 25th, I made sure to attach the chart. The long term razz points higher until May’s expiration, attached too. So we have a case where PCRs must maintain into standard territories. But that is not the case at least for tomorrow Monday, January 23rd, PCR is quite high at 3.654 and the change was executed at 11.674, with huge volume 11,198 calls versus 130,728 puts, we must not be surprised by a fast and strong move down. We need more movement on the net dollar space to make a call, Moores’ 2C-P is at 78, with room to go lower.
From cyclical analysis the low is expected to be on the 26th, January.
There is no call from the volatility space…
From what we are seeing we can definitely can say the market should go lower, not sure right now if into our target areas, but we must not be surprised if our levels are seen or by the speed of the move down, we must stay patient and trigger until 91 TNA, cover any underwater short and go net long.
NUGT/GDX
Above 23.55, we at least could expect 23.99 on GDX with chances for 24.49-24.71, but this last upper range is not reasonable probable.
For NUGT ideal target continue being 11.08-11.24 with upper end at 11.70-11.95, again this upper end is not reasonable and not probable.
by Carlos Narváez | Jan 11, 2017 | RQLAB
VRX
Last update from December 22nd
A cautious five up for initial 1 (link) and we should observe support at 14.04, initial target once 15.07 is retaken should be 16.10 followed by 17.67
Current update, January 11th
Support for 4 is 15.84-15.61 if we could get another five up to 18.95 we could complete 1 up of a new super cycle; but it is critical to achieve one more high to 18.95 in the form of 5th of (1). Chart here (link)
BITA,
Last Update from December 22nd
Long term fibonaccis here (link), this would suggest it is not healthy to trade it until above 22.10 but going a bit deeper we can reduce that resistance to 19.97 (link). We need five up and then a pullback to 18.43 to go long and take out position bought at highs. Ideal setup here (link).
Current update, January 11th
Playing perfect fibonacci pinball; 1% extension is at 22.94 as seen on this chart (link) looking a bit deeper, there is not much in the form of resistance between 22.02 and 24, so if it goes above 22.94 our target at 25.4 or 1.618 extension, looks very reasonable.
BIDU
Support at 174.14 or 1% extension, ideal target at 186.38, the reason we did not sell BIDU yesterday despite it was close to hit 1.764 extension it is because any trader with some experience on BIDU knows that when it starts to run should not respect standard extensions on the upside and if that’s not the case we still can average down at 174.14 support, chart here (link).
CBS
GTC limits have been set to buy at 59
NVDA
.618 re up is 112.35 as seen here (link) 105.96 should act as support and then we can project 114.96 as ideal target .
by Carlos Narváez | Jan 11, 2017 | RQLAB
To recap our Last update from January 9th:
Net dollar values are very curious last time we had a D/U ratio of 0.929 combined with a Moores’ 2C-P of 71.20 TNA went from 91 to 107.20. Last value recorded on Friday, January 6th, was 0.893 and current Moores’ 2C-P is 71.10. This means that if prices holds above 100.25 and manage to climb above 105.45 chart here (link) we can be optimistic on TNA.
Current update
I would like to have something different to say about markets, but aside that repeating that it is contained on a tight range, there is no more we could add.
Within this tight range traders are losing their minds and getting incredibly bearish; adding huge amounts of puts per day. For this week we have 104,415 calls expiring versus 262,571 puts expiring. For next week 333,668 calls expiring versus 665,821 puts.
Cyclical analysis changed and now is bullish only into the 13th.
From Leov Valencia the expert from Gamma optimizer: Interesting close today, exactly 0.0 difference, today never happened. I know that the bullish thesis took a small beating today but hopefully you were able to scalp the vertical spread we had before the collapse. It does look like that 2300 barrier will take a bit longer to be conquered, but many different signs still point to that level as something that should be achievable in the near term.
Based on EW analysis TNA ideally should hit 105.21 or 1.764 extension, here (link) and with serious continuation above this level we could consider bottom is in for TNA; we plan to unload some positions at 104.90-105.21, evidently TNA needs to go above 108 to negate what certainly can be labeled as five down, but there you have it, we have gone long on any retest of the 100-101 support range. Stops on longs should be adjusted now to 100.08.
by Carlos Narváez | Jan 10, 2017 | Pre-Market, RQLAB
PRE-MARKET MOVERS
UPGRADES
DOWNGRADES
1. AMAG:$AMAG downgraded to Neutral from Buy at Janney
Trending Social Alerts
1. ILMN:$ILMN ceo on cnbc now
6. SRPT:$SRPT Enters into License Agreement with Nationwide Children’s Hospital for Galgt2 Gene Therapy Program
Trending News Headlines
1. Valeant to Sell $2.1 Billion in Assets to Pay Down Debt
Valeant Pharmaceuticals International Inc., the embattled Canadian drugmaker, agreed to sell about $2.1 billion in assets to get cash to streamline its businesses and begin easing its debt burden.
2. Johnson & Johnson to Report Average Increases in List Prices for U.S. Drugs
Johnson & Johnson is planning to issue a report next month outlining how much it has raised the U.S. prices of its prescription drugs, the latest pharmaceutical company effort to address intense public concern about the cost of medicines.
3. Twilio upgraded to Buy from Hold at Canaccord
Canaccord Genuity analyst Richard Davis upgraded Twilio to Buy with an unchanged price target of $35. The cloud communications platform closed yesterday up 47c to $28.10. The recent pullback in shares justifies an upgrade, as the stock has the potential to be “materially” higher by the end of the year, Davis tells investors in a research note. The analyst views the stock as “cheap.” If Twilio continues to innovate and keep prices low, there is no logical reason for firms to build their own mobile communications functionality, Davis contends.
4. ZIOPHARM and Intrexon Announce Cooperative Research and Development Agreement with the National Cancer Institute Utilizing Sleeping Beauty System to Generate T cells Targeting Neoantigens (NASDAQ:ZIOP)
BOSTON, MA and GERMANTOWN, MD – January 10, 2017 – ZIOPHARM Oncology, Inc. (Nasdaq:ZIOP), a biopharmaceutical company focused on new immunotherapies, and Intrexon Corporation (NYSE:XON), a leader in the engineering and industrialization of biology to improve the quality of life and health of the planet, today anno…
5. Canadian apparel maker Gildan wins auction to buy American Apparel
Canadian apparel maker Gildan Activewear Inc (GIL.TO) said it had won a bankruptcy auction to buy U.S. fashion retailer American Apparel for about $88 million in cash.
6. Valeant to Sell Skin-Care Brands to L’Oréal
Valeant agreed to sell three skin-care brands including CeraVe to French cosmetics giant L’Oréal for $1.3 billion, the latest effort by the beleaguered drugmaker to unload assets and pare debt.
Technology News
Trello will become an important part of the Atlassian portfolio offering a fun new way for teams to organize the often messy range of information that feeds into great teamwork.
tools excel at work that benefits from a traceable and repeatable process whilst Confluence is great for teams creating and collaborating on documents and rich content.
Trello perfectly fills a gap between the structured workflows of JIRA and the collaboration of Confluence and will give teams the option to find the right Atlassian tool for the type of work they need to complete.
ET Airbnb one of the most richly funded startups in the world is turning into an investor itself.
The San Francisco startup led a million funding round in app Resy Network which competes with the much larger OpenTable Airbnb will use services to expand beyond part of its plan to become a shop for travelers.
The funding which also includes.
There is no greater honor than supporting growth and evolution as a human being.
ET Yahoo said Monday it will whittle down its board after completing its deal with Verizon Communications and several longtime directors including Chief Executive Marissa Mayer and David Filo will step down as directors.
After the sale of its core internet business the company will change its name to Altaba from RemainCo Yahoo said in a regulatory filing.
remaining assets include stake in.
ZeniMax Media is trying to show that it did the heavy lifting to develop the software and hardware for the virtual reality goggles alleging a star employee recruited by Oculus purloined its intellectual property.
If ZeniMax is successful in a trial that began Monday with jury selection it would rewrite the story of how Facebook emerged at the forefront of the virtual reality boom with Microsoft Sony Alphabet Google and others all competing for a piece of a market forecast to exceed billion in sales in.
At the time it was crude prototype that lacked a head mount specific software integrated motion sensors and other critical features and capabilities needed to create a viable product according to lawsuit.
In our conversation Simons also noted that he believes the cultures in both companies are very similar and that both share the same audacious goal to get to million monthly active users.
no surprise then that the press release specifically cites popularity with business teams in finance HR legal marketing and sales and notes that percent of Trello users work in functions.
Atlassian is scheduled to report its results on January and chances are we will hear a bit more about this transaction and how the company plans to integrate services then.
But it had to wait for the right moment when a telecom carrier was willing to cede unprecedented control to Apple allowing it to design a hardware and software package that would redefine the category on its own terms.
In this case Apple made an exception last week I sat down with its senior vp of world wide marketing Phil Schiller who joined the leadership team in April coincident with Steve return.
Yet Schiller pushed back when I suggested that the great moment came when Apple threw open the gates to developers and we learned that for every imaginable activity as well as some previously unimaginable ones there was app for.
HomeRiverLeaderboardsAboutSite NewsSponsorEvents More TechCrunch Atlassian Blogs Trello Blog VentureBeat Android Police Fortune Business Insider SiliconANGLE International Business Times GlobeNewswire News Room GeekTime The Register Mashable Computerworld BetaNews Socialnomics ZDNet Bloomberg Droid Life Wall Street Journal TechSpot and Bijan Sabet Tweets marshallk rachelking bijan jaimenovoa alexrkonrad atlassian danielpunkass anildash jakemcgraw and makesideproject.
Tweets stevenlevy More Marketing Land AppleInsider Engadget CNET TechCrunch SlashGear iPhone in Canada Blog Mashable and SocialTimesSee also Mediagazer More iPhone in Canada Blog TechSpot AVC Engadget CNET SlashGear Quartz Los Angeles Times Digital Trends The Tech Portal and Reuters.
See also Mediagazer More TechCrunch Bloomberg PCWorld Digital Trends BGR Silicon Valley Business Wall Street Journal SiliconANGLE TechEye Vanity Fair Ubergizmo Computerworld MacRumors Tech Times Engadget TechCrunch NBC Bay Area Slashdot Reuters BuzzFeed Forbes Recode USA Today and Business Insider Facebook Best place to build make an impact.
Our small idea was to take the paradigm of a sticky note on a wall and turn it into a tool that allowed people to collaborate in real time.
We wanted Trello to be fluid and adaptable to a huge range of problems that all revolved around getting people on the same page.
been humbled and excited to see the millions of use cases for Trello around the world and we build the product each day proudly knowing helping teams do great things.
inability to consummate the transaction in a timely manner or at all due to the inability to obtain or delays in obtaining approval of stockholders the necessary regulatory approvals or satisfaction of other conditions to the closing of the Sale Transaction existence or occurrence of any event change or other circumstance that could give rise to the termination of the Stock Purchase Agreement which in addition to other adverse consequences could result in the Company incurring substantial fees including in certain circumstances the payment of a termination fee to Verizon under the Stock Purchase Agreement that Verizon may assert or threaten to assert rights or claims with respect to the Stock Purchase Agreement as a result of facts relating to the security incidents disclosed on September and December and may seek to terminate the Stock Purchase Agreement or renegotiate the terms of the Sale Transaction on that basis adverse effects on relationships with its existing and potential advertisers suppliers customers vendors distributors landlords licensors licensees joint venture partners and other business partners implementation of the Sale Transaction will require significant time attention and resources of senior management and others within Yahoo potentially diverting their attention from the conduct of business related to ability to retain or recruit key talent fees expenses and charges related to or triggered by the Sale Transaction net proceeds that the Company will receive from Verizon is subject to uncertainties as a result of the purchase price adjustments in the Stock Purchase Agreement on the conduct of business including the ability to make certain acquisitions and divestitures enter into certain contracts and incur certain indebtedness and expenditures until the earlier of the completion of the Sale Transaction or the termination of the Stock Purchase Agreement adverse effects on business properties or operations caused by Yahoo implementing the Sale Transaction or foregoing opportunities that Yahoo might otherwise pursue absent the pending Sale Transaction initiation or outcome of any legal proceedings or regulatory proceedings that may be instituted against Yahoo and its directors officers relating to the Sale Transaction and the Closing the Company will be required to register and be regulated as an investment company under the Investment Company Act of which will result in among other things the Company having to comply with the regulations thereunder certain stockholders potentially being prohibited from holding or acquiring shares of the Company and the Company likely being removed from the Standard and Index and other indices which could have an adverse impact the share price following the Sale Transaction.
More information about other potential factors that could affect business and financial results is included under the captions and Discussion and Analysis of Financial Condition and Results of in Annual Report on Form for the year ended December as amended and Quarterly Report on Form for the quarter ended September which are on file with the SEC and available on the website at.
BEFORE MAKING ANY VOTING DECISION STOCKHOLDERS ARE STRONGLY ADVISED TO READ PRELIMINARY PROXY STATEMENT IN ITS ENTIRETY INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO AND WHEN IT BECOMES AVAILABLE DEFINITIVE PROXY STATEMENT IN ITS ENTIRETY INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO AND ANY OTHER DOCUMENTS FILED WITH THE SEC IN CONNECTION WITH THE PROPOSED TRANSACTION OR INCORPORATED BY REFERENCE THEREIN BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION.
by Carlos Narváez | Jan 9, 2017 | IKE, RQLAB
If we said that we under performed last week we would make an incorrect statement and that’s a helpless approach, instead we would say that our calls for higher on indexes were right and we managed to balance our cash flows through our exposure to NQ which in summary is bigger than our exposure to IWM. This does not negate the stalling situation in which IWM is but illustrates our healthy allocation of capital.
Saying that, it seems there is an event being priced; the short term razzmatazz wave shows a considerable top was constructed last week and a potential bottom should occur into the 23rd, the indicator might be lagging at this time. The PCR for this week is less informative since it is into standard territory at PCR: 2.839 so this call for a pullback should be valid. Open interest has been one the few indicators that give us a bearish approach for this market.
Nonetheless the Change PCR was executed at 4.266 meaning traders continue betting against the rally, which we consider unnecessary since price is holding above 2236.
The long term razz shows a top into January expiration followed by a very small correction and next resumption of the trend. Looking at immediate SPX pattern, chart here (link) for as long as 2236 holds price should advance to 2362 and 2391. Once market crosses above 2311 we will update our support to 2187. For TNA we will watch the same levels we have been watching 101.05 and 99.95.
Net dollar values are very curious last time we had a D/U ratio of 0.929 combined with a Moores’ 2C-P of 71.20 TNA went from 91 to 107.20. Last value recorded on Friday, January 6th, was 0.893 and current Moores’ 2C-P is 71.10. This means that if prices holds above 100.25 and manage to climb above 105.45 chart here (link) we can be optimistic on TNA.
Cyclical analysis is bullish for IWM into the 16th, chart attached.
SHAK
The only explanation for this pullback on SHAK would be that we made a mistake on the count and labeled it wrong. So we can rework it this way chart here (link), if that is the case, support should be 35.30 and 34.26.
NUGT
For as long as 7.55 holds we could expect one more high to 11.18 in the form of wave 5 of 5 of (1), that would be a perfect fibonacci pinball.
NQ Stocks
$AMZN: Support is at 776.19, target at 822, support is buyable.
$AAPL: Support continue being 116.56. Target at 122-130
$FB: Support is 120.19 target is 128
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