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nassarsyed

Nas' Swing Trades and Results

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Market, IMHO, is working towards it's second leg down (usual in a correction) and than will setup for a strong close through the new year.., we may see some chop for a while.

Here are what I am looking at over the next couple of days to see setup (Market needs to be in stride for these to work (Long))...

Ticker: BBBY - Short term cup with handle..., touched 20 MA

234946175_ScreenShot2018-11-13at8_10_53PM.thumb.png.483d3b7c4560c494c5f820e9b9542384.png

Ticker : NTLA, possible Double Bottom

936613179_ScreenShot2018-11-13at8_09_09PM.thumb.png.0bf47134790b39a34932ef268333a5bf.png

Ticker: BECN - Higher Low....

1993072181_ScreenShot2018-11-13at8_07_50PM.thumb.png.7cdfb273020018d06291cd005ad48556.png

FYI, this is just a hobby and by no means any advice....

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None of my picks triggered today, a conclusive close over previous day high higher by about $0.10 and the market did not support either. 

We are still forming the second leg of the market support..., critical here, let's see if Brexit affects it.

 

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My Picks for today, Ranked by fundamental strength and than technical entry points. Of course the Market has to support the moves in tandem...

 

MY FAV!!! - STOR - Holding up very well in market downturn. Had good earnings. Good Fundamental Strength. Bounce of 20 MA-  Buy above $30.00, Risk $0.30

1972175992_ScreenShot2018-11-14at6_16_14PM.thumb.png.2f297666ddd8e328f2716d224925d248.png

 

TRCO - Holding up very well in market downturn. Had good earnings. Good Fundamental Strength. 20 MA crossed over 200 MA - Stock broke above 200 MA - Buy above $40.00, Risk $0.40

146962425_ScreenShot2018-11-14at6_15_59PM.thumb.png.7046378cb6e5fac885e22d9a1d4cc979.png

 

WRD - Holding up well, Above 20,50,200 MAs - Buy above 23.18 - First target mid 24's. Risk $1.00

384311613_ScreenShot2018-11-14at6_17_04PM.thumb.png.01d0f2e859a54776280c15ff3c2f34df.png

 

This is just a hobby for me, do not invest based on my advice. See a Professional. Thanks! Please comment C&C!!!

Edited by nassarsyed

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I agree with your opinion on more selling but we had a gap fill today and have reversed hard.  I would have liked to see a retest of lows for a good double bottom pattern but maybe we do not get there.

NVDA and AMAT and WSM reporting tonight. I like all these charts that you posted for potential reversals - great job picking those out.  Strong finish into the close today (Nov 15) might be worth a morning gap swing but I will not touch these 3 that are reporting.  Maybe an etf like TNA...will have to see how we close.

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Thanks @Brian Pez means a lot coming from you. None of my triggers fired. Market attempted up, but on lower volume, tomorrow being Friday I also did not find any worthy setups.

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Tomorrow will be interesting.  NVDA and AMAT just two more examples of why I NEVER hold stocks through earnings release.  People were saying 'its OK, the stock has come way off its highs so even if the earnings numbers are bad, they are baked in".  They are rarely "baked in".  I think this shakes the confidence of tech investors again and we could see another sell off tomorrow - especially being Friday.  Will see what happens.

Agreed LULU looks interesting, - sold off after hours due to other retailer reports....might be a good entry here but depends on market as per my comment above.  An entry around 136 would be great for risk reward eh?

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10 hours ago, Brian Pez said:

Tomorrow will be interesting.  NVDA and AMAT just two more examples of why I NEVER hold stocks through earnings release.  People were saying 'its OK, the stock has come way off its highs so even if the earnings numbers are bad, they are baked in".  They are rarely "baked in".  I think this shakes the confidence of tech investors again and we could see another sell off tomorrow - especially being Friday.  Will see what happens.

Agreed LULU looks interesting, - sold off after hours due to other retailer reports....might be a good entry here but depends on market as per my comment above.  An entry around 136 would be great for risk reward eh?

I am going to wait this week and perhaps next out for all this to shake out. May take some day trades on AMD though, it sold off too. I am beginning to think someone does not want this market up, every-time it tries, a China comment or tweet swings at its legs..... Earnings guidance is also affecting, hopefully guidance is good as it will be pre-factored into the 4th quarter market performance this way.

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10 hours ago, Brian Pez said:

Tomorrow will be interesting.  NVDA and AMAT just two more examples of why I NEVER hold stocks through earnings release.  People were saying 'its OK, the stock has come way off its highs so even if the earnings numbers are bad, they are baked in".  They are rarely "baked in".  I think this shakes the confidence of tech investors again and we could see another sell off tomorrow - especially being Friday.  Will see what happens.

Agreed LULU looks interesting, - sold off after hours due to other retailer reports....might be a good entry here but depends on market as per my comment above.  An entry around 136 would be great for risk reward eh?

Yes Lulu looks promising, good ol' Canadian brand eh !!! LOL, Will look into picking up some OTM Dec/Jan Calls later..., May be a good day trade too...

Screen Shot 2018-11-16 at 8.24.50 AM.png

Edited by nassarsyed

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Nothing triggered today, and I stayed out of opening long Swing positions, did some day trades though... worked well.

Some interesting setups forming, will post over weekend.

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Posting a monthly of the SPY, as you can see last month and this month it lowered to touch the trend line as well as the 20 MA. This would be normally bullish for long-term. However, one could also interpret a Head and shoulders pattern forming, this wont be confirmed until a break below 254.60.

As traders, our job is not to call the market, but react to what it gives us. I will post some setups later, but we need to follow tight spots, also I would only build outlay 24-50% capital right now till we get confirmation.

Beauty of swing trading is it follows market direction mostly, less setups and more stop outs mean weakness, more setups and more break-outs mean bullish and invest more. Caution is the operative word right now.

1804652973_ScreenShot2018-11-16at11_16_59PM.thumb.png.aa7f1eaeb509fc21856495fd43268b11.png

fyi @Brian Pez

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My watchlist for next week, not posting entry or exits, but I think these should perform well if the market recovers. I would look at pull backs to build positions gradually.

ANAT: holding up well here

16780371_ScreenShot2018-11-18at1_03_23PM.thumb.png.7464219036676b4a9ba47b2655a6d8c1.png\

 

Croc: Strong earnings, pull back from 52 week high

1325120626_ScreenShot2018-11-18at1_03_33PM.thumb.png.03086f4f0b6605b67c366edb459dbd52.png

 

ADP: holding up well

2009106831_ScreenShot2018-11-18at1_03_45PM.thumb.png.e24fa1484ad186c10948db2ea28114b8.png

 

BLL: Strong earnings, trending up, wait for pull back to 10 Day MA or technical pattern

1243819639_ScreenShot2018-11-18at1_03_53PM.thumb.png.c2f062518bbf98e1f0c720ee1e984a7c.png

 

NTGR: Tight Flag (triangle - look for breakouts....)

 

1098763856_ScreenShot2018-11-18at1_07_47PM.thumb.png.5488ee5103702be27b06c17d855ccc83.png

One more higher risk.
 

YETI: fresh IPO, forming first base, could break out. .

 

545889366_ScreenShot2018-11-18at1_10_10PM.thumb.png.38eb33b7d2345904010feaa7d97446ca.png.dfea59fb4363b2124136e9d799b5ccf6.png

 

Edited by nassarsyed

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Great overall high level assessment Nas and I am in 100% agreement. 

Market seems tenuous here.  Lots of fundamentals suggesting market may drop (Europe weakening economy, more tariff talk, bull market long in the tooth, interest rate hikes question ete ete),  - a path higher seems unlikely....consolidation which means chop, especially on news flow.

Also looking at high yield bonds HYG - starting to drop another ominous sign for bulls.

Thanks for posting set ups. 

YETI - earnings on the Nov 29th - I do not like holding through an ER - just saying.

NTGR - building a base and looks interesting

BLL - agree strong uptrend, RSI showing it is pretty overbought, need a pullback for entry as you suggest

ADP - jmho - looks like it is in no-mans land right now.

CROX - really extended here, needs pullback to take an entry

ANAT - tough chart to trade...looks like it might be range bound.

I posted a youtube video showing some stuff I am watching including maybe a bounce in oil.  Can play with XLE, OIH, GUSH, UWT or individual oil names - pick your poison.  Next OPEC meeting coming up in Dec and they will likely talk about production cuts.

 

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I really like AAPL which could make the whole market bounce... Looks long, first target is gap fill with initial rejection at 200 than target 2 202... Hope this is a buy week, lets see.

1140902504_ScreenShot2018-11-18at10_13_54PM.thumb.png.79b51fa514327056d085320c08c3bde7.png

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