November 27, 2016

Need some trading ideas to get the week started? We’ve got you covered! This is our weekly issue November 28— December 2 where we go over macro economics, economic calendar, upcoming earnings and list a few trade ideas.

Market

The market continued its bullishness last week going into the holidays. The Trump effect seems to be strong for the short-term. December is traditionally a red month with many settling loss positions for tax purposes.

My favorite ETFs quick update:

$SPY is in a solid uptrend with chart analysis showing it in the power zone. The resistant for all-time highs were broken last week.

$USO appears to be signaling well for this week with oil volatility continuing. Holiday time usually is an incentive for oil to be priced low to allow more funds for the economy during shopping season.

$GLD is falling hard. With equities going up gold prices go down.

$UNG is in a strong uptrend with chart analysis supporting buy. This is no surprise as demand for natural gas goes up for winter time.

Economic Calendar

Earnings Calendar

$DG — Dollar General Corporation

$DG is scheduled to have its ER 12/1/16. The stock has been bullish since the election ended. The chart is signaling buy with strong indicators.

Catalyst– Before ER.

Trade– BUY $80.00 December 2, 2016 Calls.

$XLF — The Financial Select Sector SPDR Fund

$XLF is in a strong uptrend since the elections ended. The volume spike two weeks ago is fuel for a continued uptrend as many see the financial industry as heading upwards for the coming months.

Catalyst– Technical trade.

Trade– BUY $22.00 December 2, 2016 Calls.

$TIF — Tiffany & Co.

$TIF has its ER 11/29/16. It has been on an uptrend since the past two ERs. This will be an important ER for trend estimation.

Catalyst– Before ER.

Trade– BUY $80.00 December 2, 2016 Calls.

$C — Citigroup Inc.

Financial tickers have been hit the past two weeks. $C is still a great price at $57 as the ticker climbs to an important resistance of $60.

Catalyst– Technical trade.

Trade– BUY $57.00 December 2, 2016 Calls.

$FEYE — FireEye, Inc.

$FEYE has been down overall this year as it tries to contain its losses. The chart analysis shows sell currently. Analysts have been downgrading all month.

Catalyst– Technical trade.

Trade– BUY $13.00 December 2, 2016 Puts.

$AMBA — Ambarella, Inc.

$AMBA has its ER 12/1/16. I’ve been waiting for biotechs to recover since the election came near an end. Biotechs bounced after Hillary lost. $AMBA has a history of ER beats. Chart analysis shows a strong resistance defeated last week.

Catalyst– Before ER.

Trade– BUY $65.00 December 2, 2016 Calls.

Happy trading!



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