Investors have been singing golds praises but if you were late to the dance, mike has a new move to get you out on the floor. Its time to risk less and make more options action starts now. Lets get right to it next week kicks off a big round of earnings with disney, beyond me, and our chart master says there may be opportunity lurking in the payment space carter what are you seeing in the charts you bet a couple charts but first the set up is were going to pay pay pal for a break out to new highs, and the set up is perfect. The first chart, take a look at the symmetry of this circumstance you have a 23 , 23day plunge, a 23day ricochet. You start at 124, you drop to 82, you go right back to 124, so again, a 35 decline, which you can see there, 51 rally, all very symmetric in terms of price and time and here we are right back at the time look at the second chart, this pulls it back a bit longerment look at the authority of this level. The stock has approached this and reapproached this,
Options action starts now. Lets get to it. Next week kicks off another round of earnings with beyond meat, uber, and General Motors on deck. Carter worth said there may be some opportunity lurking in the payment space as paypal gears up to report. So, carter, what are you seeing in the charts . You bet. A couple of charts first, the set up is paypal for a breakout to new highs. Its right at the set up is perfect. The first chart, take a look at the symmetry of this circumstance you have a 23 , 23day plunge, a 23day ricochet. You start at 124, you drop to 82, you go right back to 124, so again, a 35 decline, which you can see there, 51 rally, all very symmetric in terms of price and time and here we are right back at the time look at the second chart, this pulls it back a bit longer. Look at the authority of this level the stock has approached this and re approached this, and this is a perfect kind of set up for a news related break out earnings and earnings are coming next week. The ot
Another beyond meat and uber on deck what are you seeing in the which thes you bet. A couple of charts first, the set up is paypal for a breakout to new highs. Its right at the set up is perfect. The first chart, take a look at the symmetry of this circumstance you have a 23 , 23day plunge, a 23day ricochet. You start at 124, you drop to 82, you go right back to 124, so again, a 35 decline, which you can see there, 51 rally, all very symmetric in terms of price and time and here we are right back at the time look at the second chart, this pulls it back a bit longer. Look at the authority of this level the stock has approached this and re approached this, and this is a perfect kind of set up for a news related break out earnings and earnings are coming next week. The other thing i would point out of course is how its relative performance is done the next chart is a twopanel chart and this also is important. Pay pal, you can see on the bottom panel, its relative performance has already b
Take a look at a few charts. This stock made a low back in january 18th before collapsing with the market and didnt offer any defense and went down just as much as the market and hit a 212 low this week at 283 if you look at the next chart, this is important. If you are defensive or considered defensive, is it more defensive than proctor thats the exact same selloff offering no defensive qualities and now having rebounded 35 , but youre not back to the high, of course, and thats the nature of percentage, drawdown and ricochets. The final chart. This is a twopanel chart and this does tell the tale. What we see is apple on top, but its relative performance to the nasdaq 100 continues to stall and by my work, one is skeptical going into the print this coming week all right, carter we go to mike. Whats your trade out of this . Yeah. So its interesting as far as im concerned. Apple, you know, this obviously is a company with a fortress Balance Sheet and some would say well positioned all Th
Chinese Telecom Giant huawei says there has been a dramatic slowdown in sales growth in the midst of the trade war. He hints at even tougher days ahead. Capital one shares drop after a data breach. They say data on 100 million customers hacked. All of it stored on Amazon Web Services. A former amazon employee has been charged. Shares spiking after hours after reporting thirdquarter results. Revenue topped analyst estimates. Apple saying it remains optimistic about potential sales of new Iphone Models set to hit the market in the fall. For more on Apple Earnings as they are unfolding, we are joined by max from bloomberg businessweek, with me in the studio. Walk me through this. Iphone sales missed estimates, Services Missed estimates, the forecast beat. What about all of these other indicators . Is an interesting report. I would have said there would be no way they would be on top and bottom line. Wearables was a big plus. They also used about 21 billion of cash on the quarter to repurc