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Is BAC a Buy Here?

Hubert Senters here.

Let’s take a look at Bank of America. Obviously, they report earnings and they surged over 4 percent into overhead resistance of the cloud. So when you’re doing earnings and stuff like this just note we’re supporting resistance it’ll help you out. You can also see that there’s a nice little trend line. I’m just going to point it out to you out there.

There is the trend line it has broken it clearly but you’ve got overhead resistance. So I personally wouldn’t get long Bank of America until it closed above $30 so right here’s the cloud and you can see that’s going to be $299.93 so I’m just going rounded up to $30 right here. I’m just eyeballing it. So I would need anywhere from one to three bars to close above this cloud before myself personally would get long Bank of America.

It’s not a bad move and it was low here. You had it closed above the turning line, standard line and then the cloud but it just needs to get through that cloud in order for me to get bullish on Bank of America anyway.

Hope that helps. And I will see you on the next video.


How to Figure Out Targets on Gap Trades

Hubert Senters here.

Let’s take a look at BIIB, Biogen. Now, when you’re doing stuff on earnings what you will usually get is you will get some of these bigger gaps. I recommend that you don’t initially trade them until the gap has taken place.

In other words, if this was the earnings today and then it gapped up the very next day or earnings release previous or past this gap is what you actually want to take advantage of. You want to take advantage of it before because it’s 50/50. So what I’d like to do is go above this will be a decent long and below this would be a decent short.

Now, there’s one little catch here. There’s always catches and trading. You have to have your rules set up before you place the trade. Do you want to do a trade below $340.66? Because there were a couple of trades there. I’m going to zoom in here that happened below that.

And if you did your short under water or are you waiting for a close blow. So initially until you get used to this, I would say that you’re looking for a close above this initial high at $368.09 and I’m just ball parking on that. Let me get a little bit more accurate $367.71 or a short with a close below $340.

Then you can actually if you’re going to short below $340 you can target half a gut fill on a full gut fill if you’re going to the high side you just gauge how big the distance is from here to here. And then you would go half of that distance would be your first target. And then the full distance will be your full target.

So let me show you here. So basically that’s the entire width of that box. So what you would do is if you went to the high side your long would be initially along with a target the long would be $367 or above long target one, $388, target two would be $407.

Good luck. Hope it helps. And I’ll see you on the next video.


Will NFLX Hold Here?

Hubert Senters here.

Let’s take a look at Netflix. Had a user asked me a question on what I thought about Netflix? Netflix still looks pretty good. It did sell off today which is Friday when I’m recording this video. But overall it still looks good. If you are long boss the market which market still looks good. I mean you’ve got a very good outlook here on Netflix.

I mean it should hold the $398 area that will be the standard line. If that doesn’t happen you’ve got the top of the cloud and the bottom of the cloud to catch it. And as you can see if I were to draw a trend line there I did it sloppily. Let me grab my trend line so I can draw a little bit better there to here and right there, that’s the trend line.

So if you do get a turning line break what you’ve already got and then a standard line break, your next logical place would be this trend line and then top of the cloud, bottom of the cloud. Overall Netflix looks pretty good. I don’t see anything majorly wrong with it yet. You also have a little bit of support here which would line up well with both the standard line and or this trend line that it’s trying to work its way back to.

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Everybody basically gave stuff to them to give away and everybody gave a little bit different stuff. So go there sign up and you’ll figure out what you could potentially win in the drawling or the trivial questions that they’re going to do. I will be speaking on Monday I believe at 7PM EST.

Good luck. Hope it helps. And I’ll see you on the next video.






ULTA Buy Signal with Targets

Hubert Senters here. Let’s take a look at Ulta, ULTA is the symbol. Take a look at here is a buy signal or potential buy signal if you want to pay attention to it. So you can see when it went above the cloud last time you had a nice little run than a consolidation, a...

AMZN Next Targets

Hubert Senters here. Let’s take a look at Amazon, AMZN. We're going try to figure out where it's going to go next. Obviously, it's making new highs. It's up 40 bucks up 2.3 three percent, move frames up so let's take a look. What we're going to do is we're going to...

ALGN Next Target

Hubert Senters here. So take a look at ALGN, Align Technology is what looks like. So you've got nice re-buy opportunity on Align Technology. So you had a cross above the cloud here. Has been a screaming momentum play to the upside then it close below the turning line...

CAT – New Short if it Breaks This

Hubert Senters here. Let’s take a look at Caterpillar. Stock symbol CAT. Qualifies as a decent looking short. It is below the cloud. It then closed back above the turning line and it looks like today it's going to close back below the turning line which is what you...

AAL – How to Trade It

Hubert Senters here. Let's take a look at AAL, American Airlines going down today down $2.50, $6.37 percent has been having a rough 2018. And looks like it's going to get worse. So if we look at this we can say that it is below the cloud. It is below the turning line....

How to Trade Gaps on Stocks

Hubert Senters here. Let’s walk through a trade that you can trade during earnings which I think is a little bit easier to handle than people that gamble on earnings so we're going to take this chart for example I'm going to remove Ichimoku really quickly just so I...

PG Nice Looking Long with Targets

Hubert Senters here. Let's take a look at Procter & Gamble. Stock symbol is PG. Got a nice little break out today up almost $2. A dollar of 96 up to $2.52 percent. One of the biggest net gainers on The Dow. And as you can see this is a good example above the cloud...

What is FB’s Next Target?

Hubert Senters here. Let’s take a look at Facebook. Someone over the weekend asked me ‘’how I thought Facebook could go?’’ I said I don't know you have to let me look at the chart so that's why I'm doing this video so I can answer that question. So you can see...

ULTA New Buy SIgnals

Hubert Senters here. Let's take a look at you. ULTA. Also just remember when you go into earning seasons I always check all these for earnings because I don't want you to get popped on something that's either going to gap up or gap down or up. This came up on my...

STX Add to Long Watch List

Hubert Senters here. Let's take a look at STX, Seagate. It has been sideways consolidation sideways to slightly higher. We do have a decent buy signal here. Looks like at the ADX here it's starting to bottom out and we see what the reading is right here $8.7 was not...