Airlines
Risky Play For American AirlinesI think we saw a recent spike from American airlines as buyers are finding interest as price hit the top of previous major structure (green arrows) an s&r play.
Notice the spike of the candle where I have a red arrow drawn. To me this looks like an exhaustion candle as buyers got slapped back down. I some what agree with playing the previous structure as an s&r play, but for me it's too much of a risk.
I would need more time to see trend start to develop for a position on american airlines, as we do sit under Resistance.
Premarket is doing good, but I'm not looking at this from an intraday perspective. I say let it develop.
Stadler Rail,Soon to be a BUY, 10% Trade!FA:
Dividend Yielding stock, therefore, one that a lot of investors consider in their portfolio.
Flight travel is lower, reopening of several rail line due to the increase in demand of rail travel.
TA:
Not currently a good buy area, would be wise to set buy orders near support line or treat it as a longer play and buy in now and ride the retracement till it begins to move up.
But always remember, if a stock falls by 2%- it has to then rise by 4% of the new price for you to be at break even again- based on that judgement, watch your trade entries wisely.
PS. Not investment advice, please be responsible and trade diligently and manage risk.
-Megalodon (Rahim)
You are welcome to post your ideas or share your point of view :)
SIX:SRAIL SWB:6RL
July 26 Market Update | Technical, Fundamental, NewsDescription:
An analysis for the week ahead.
Points of Interest:
Prior-Balance; Weak Highs and Lows; Dull, Emotional Participation; Nasdaq Weakness; Financials Intact.
Technical:
Broad-market equity indices struggled to hold onto recent gains, evidenced by the failed continuation higher.
Recapping last week’s action, on Monday, after a good amount of volatility contraction, the S&P 500 opened inside prior balance and tested lower, before rotating higher, into the gap zone left from the late February sell-off. Pre-open, on Tuesday, the market rallied, further discovering prices up into the gap zone. After the U.S. cash open, Tuesday’s activity was reminiscent of rebalancing to recent overextension.
On news that China would react to the closure of its consulate in Houston, Texas, Wednesday’s session saw prices push lower overnight, before turning and balancing out higher, into the close. On more news regarding geopolitics and initial jobless claims turning higher, Thursday’s session experienced a news-driven, emotional liquidation, with the Nasdaq leading lower.
Friday’s session opened near a high-volume area, balancing out and trading responsively, before closing and accepting prices lower.
Looking beyond broad market indices, the innovation-driven, technology-based sectors are showing signs of relative weakness, while other sectors, such as industrials, energy, and financials are finding more support.
Overall, the S&P is in balance. Absent positive news regarding geopolitical tensions, monetary policy, a vaccine, earnings, and stimulus, the market may find itself correcting through time, testing as low as the prior balance area, below $3,180, as more impactful earnings are released.
Scroll to bottom of document for non-profile charts.
Key Events:
Earnings; Durable Good Orders; Consumer Confidence; Initial Claims; GDP; Personal Income; Personal Spending; Employment Cost Index; Consumer Sentiment.
Fundamental:
Big tech antitrust probe report from Congress expected early fall. reut.rs
Nasdaq Composite, tech weakness comes alongside a weaker dollar. bit.ly
5 charts illustrating U.S. economic trends amid the coronavirus pandemic. cnb.cx
General Motors Company (NYSE: GM), Volkswagen AG (OTC: VWAGY), Nissan Motor Co Ltd (OTC: NSANY) charge ahead with electric-vehicle plans. on.wsj.com
Consulate closures mark escalation between U.S., China. reut.rs
Boeing Co (NYSE: BA) to delay 777X as demand drops for big jets. fxn.ws
Intel Corporation (NASDAQ: INTC) shares dive on manufacturing retreat. reut.rs
American Express Company (NYSE: AXP) warns of slow spending recovery. reut.rs
Inflation-adjusted bonds are currently priced for very low inflation. bit.ly
Proposal to suspend certain payroll taxes is a high priority. bit.ly
U.S. home prices, existing home sales rise toward records. bit.ly
Tesla Inc (NASDAQ: TSLA) chose Texas for the new Cybertruck factory. reut.rs
FDA orders unauthorized e-cigarettes removed from the market. bit.ly
China’s regulators take over insurers, financial institutions to cut risks. bit.ly
Supplemental unemployment benefits expire alongside new stimulus efforts. bit.ly
Housing strengthens while mortgage forbearance continues to decline. bit.ly
Biden may enact higher taxes, climate reform, and increased health care spending. bit.ly
EU leaders have agreed on an $860 billion stimulus package. bit.ly
Earnings beat expectations, but fundamentals remain weak. bit.ly
Commercial real estate market slips despite Federal Reserve action. bit.ly
The face value of defaulted non-financial corporate bonds jumped to a record. bit.ly
American Airlines Group Inc (NASDAQ: AAL), United Airlines Holdings Inc (NASDAQ: UAL) to lay off workers. bit.ly
Dell Technologies Inc’s (NYSE: DELL) VMware spin-off increases uncertainty. bit.ly
U.S. global investment banks preserved capital strength in Q2 amid credit provisions. bit.ly
UnitedHealth Group Inc’s (NYSE: UNH) earnings, lower leverage is credit positive. bit.ly
Sentiment: 26.1% Bullish, 27.1% Neutral, 46.8% Bearish as of 7/22/2020. bit.ly
Gamma Exposure: (Trending Lower) 1,281,189,859 as of 7/26/2020. bit.ly
Dark Pool Index: (Trending Lower) 42.9% as of 7/26/2020. bit.ly
Product Analysis:
S&P 500 (ES): AMEX:SPY TVC:SPX
Nasdaq 100 (NQ): NASDAQ:QQQ TVC:NDX
Russell 2000 (RTY): AMEX:IWM TVC:RUT
Gold (GC): AMEX:GLD AMEX:GDX
Crude Oil (CL): AMEX:USO AMEX:DBO AMEX:USL
Treasury Bonds (ZB): NASDAQ:TLT
Disclaimer:
This is a page where I look to share knowledge and keep track of trades. If questions, concerns, or suggestions, feel free to comment. I think everyone can improve, especially me.
In no way should this post be construed as investment advice.
IAG en la parte baja del canal ascendenteSi la resistencia de 2.25 aguanta, estos días romperemos la diagonal que viene desde la caída de Marzo al comienzo de la tendencia bajista de Mayo.
Con noticias sobre reapertura, compra de air europa , vacuna o ayudas del estado puede ser fácil que rompa hacia arriba continuando el ascenso.
LUFTHANSA: TOO BIG to FAIL,Trade it!FA:
After receiving a bailout from the German government, Lufthansa proceeded to rally but was not able to take out resistance and has thus retraced to the lower 8-9 zone
Restrictions have been lowered and travel within Europe is now picking up again; with the Business travelers being one of the main customer groups for Lufthansa
Budget airlines are set to suffer due to Corona Virus flight regulations, thus airlines such as Lufthansa are a good buy
TA:
Following an Upward trend and is following Fibonacci levels; if we break the level on the next proceeding run especially if the actual earnings are higher than the estimate; it could be enough to rally above the lows since the beginning of the outbbreak
Set Stop Losses below the trendline and below the support levels to prevent being stop hunted
-Megalodon Whales (Rahim)
Trade safe and you are welcome to comment with your opinions or post your ideas below :)
XETR:LHA SWB:LHA
Spirit Airlines Ready to FlyBullish price action with higher lows that have confirmed, heavy volume on Friday's hold at support. T1 and T2 annotated.