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Starting to Look at WORK as a Long Trade


Hubert Senters here.

Let’s take a look at Work. Also known as Slack. Neat little technology if you’ve never used it. Check it out. Full disclosure I used to own this thing before it went IPO and sold it off to another angel investing group.

And I’m glad it did so because ever since it opened up on its IPO at $42 it has been in a massive downtrend since then which is  very common occurrence. But I think the great way to get rich is IPO. It’s great we lose money if you don’t or you don’t.

But here is a strategy that you can employ to your advantage is just wait for a blue light special. Good old Kmart blue light special ladies and gentlemen. So what you do is you take either the open the close or the high. Just figure out which one you’re going to do and just keep it static across your range you’re going to use.

I will just use the high, the high was around $42 on its IPO. You know, opening there. So then what I will do is I will divide $42 by 50 percent or divide about two. That would be $21 then I start looking and say okay at $21 I want to start looking at this thing to see if I could buy it at a 50 percent discount.

What I’m looking for you’ve got the first thing it’s above the turning line. It couldn’t get above the standard line. If I can get it above the standard line then it’s got a decent shot if it gets above $26 or to bottom out around $21.

Now if it can close above $26.23 it could potentially go to the bottom of the cloud and or the top of the cloud. Now, if you’re totally risk averse then wait until it gets back above the cloud here around $30-ish right now. That could change, that could eventually develop into $28-ish and then you’ll have let a lot of the week longs have exited their trade.

And then if it helps us and if the buyers are willing to buy it more than the sellers are willing to sell for so in other words on Wall Street, you know, more buyers and sellers. That’s never the case. There’s always a buyer for every seller and a seller for everybody else.

It’s how aggressive the buyers are or how aggressive the sellers are. So that’s what we’re going to be looking out for. I’m going to start stocking WORK to the high side. And if it fits the criteria we’ll pull the trigger on it and if it doesn’t we’ll let it pass market.

Mark Helweg’s going to be doing another live webinar tomorrow Friday October 11th at noon East Coast time on ‘’How to Potentially Profit from Huge Market Moves without Predicting the Direction.’’ Click CLAIM MY SPOT NOW to register for the webinar. I will hyperlink you to this page.

Good luck. Hope it helps. See you on the next video.

Hubert.

AXP Short Trade Setup


Hubert Senters here.

Let’s take a look at American Express, AXP. It is below the cloud. It’s bouncing today but is still a little depressed overall in relation to the index that it trades on in on either NYSE is what it’s listed on so you could look at either the Dow, S&P and now you can compare which one you want to sell it in there.

And overall though it’s weaker than the index futures which is good if you want a short this thing. So in this little example, trade set-up I am going to walk you through. The short would be today or next couple of days stop would be around $115 to $116 whatever your call with there.

Initial target would be these most recent lows around $112 and you do have a little bit of support down here at $112. You can see the sort of gaggle of previous price action back in there so around $112.

If it breaks that it could drop to $107 and then back down to $102 so that is the example short trade on American Express, AXP. Mark Helweg is doing a special webinar tonight on ‘’How to Potentially Profit from Huge Market Moves without Predicting the Direction.’’ Like we have in the past two or three weeks and not having to come up with the direction because I don’t know about you but for the past two or three weeks I’ve been flat a lot because I’m going okay maybe it’s up but not this down. It’s back up, it’s back down.

So he’s going to show you a way that you can potentially make some profits from these huge market moves without picking the proper direction Wednesday, October 9th at 8PM EST.

Good luck. Hope it helps. And I’ll HYPERLINK you to this registration form.

Hubert.

 

Question from a Viewer


Hubert Senters here.

I had a question from a viewer wanted me to take a look at JNUG which is a gold miner’s bullish 3X ETF. Okay. So on this situation I would just prefer you trade gold. I’m going to technically break this one down for you and then I’ll talk about where I think it is a little bit better place to be.

So it is below the cloud which is a negative so it’s a short. It’s non-trending though. You can see the ADX is up $14.31. Ideally you want that to ramp up to around $18, $19 or $20. $20 is better. So if you can get the $80 extra rise above $20 and you can get the price action to get back above the cloud then it’ll be a buy signal.

Right now you’ve got 10 or if you got that in 11 days. Let’s just say 10 days below the cloud and the lagging line is not down there yet. It went down there on this initial move now it’s going back up. So for this one, I would just stay away from. It’s definitely not a buy yet. It would be a buy when it goes above the cloud backup here. Right now, it’s a better short than it is a long but markets are a little bit crazy.

Now, this is three times bullish. If you compare at GC just gold to this one. Gold’s a little bit better buy but you can see the ADX is still $15.83 so I’d stay away from that too until gold starts trending a little bit better.

It shouldn’t take long and it’ll probably break up to the high side if I’m correct and then go to $1500 if I’m wrong it will go below the cloud and you could short it and ride it to the downside so either one of those will be okay. Neither one of them are screaming buyers right now.

The gold futures or you could do GLD if you don’t like gold futures. GLD is an ETF. It’s going to look a whole lot like gold. You could do it here and then you just have to wait on it JNUG that three times bullish ETF thing that you’re looking at there, hopefully that will help you out.

Mark Helweg is doing a special webinar on ‘’How to Potentially Profit from Huge Market Moves without predicting the direction.’’ Good luck. It’s damn near impossible to do these past few weeks.

Like you got three days up one day down, two days down, one day up and it’s a big wild range so this strategy is really kicking it right now. The webinar is going to take place Wednesday, October 9th at 8PM EST. I will HYPERLINK you to this registration page.

Good luck. Hope it helps. See you on the next video.

Hubert.

WYNN Short with Target


Hubert Senters here.

Let’s take a look at Wynn, WYNN. In the question is do I still like win with the potential target of $92.22? Yes I do. It’s going to take a while to work that way. I don’t think it’s going to be months or years. It’s probably going to be weeks or months.

I just said I didn’t think it’s going to be months or years, it could be months and it could be three, four, five, six weeks. It could do it in the next two weeks. But yes I still like Wynn to the downside.

Overall, it looks pretty nasty. If it breaks this area right here where it’s kind of working its way towards which is right now like $103-ish down to about trying to be as accurate as I can here to $102.25 then I think it’s got a really good shot of dropping down to $92.20.

Here’s how I trade that. I’m going to short it here on the break. Stop-loss would be $108.32 or I would use the high of today which would be less risk and that I’ll use a red color so you can see it. That would be $106 so I’d be risking three and half points on this trade and then the potential first target I would go for would be $92 is what I’d be looking for.

Mark Helweg is going to be doing a special webinar this Wednesday, October 9th ‘’How to Potentially Profit from Huge Market Moves without Predicting the Direction of the Market Moves’’. That will be Wednesday, October 9th at 8PM EST. I will HYPERLINK you to that page.

Good luck. Hope it helps. See you on the next video.

Hubert.

DHI Long with Targets


Hubert Senters here.

Let’s take a look at DHI, DH Horton. Real good about looking up trend does not look like the rest of the stock market which at this point is probably plus. A very good uptrend. I like it. What we’re going to do is we’re going take two points for a target in a potential trade here.

So what we’ll do is we’ll take this low go to this high and then drop in this low and by the magic of math — magic math. We now have a potential target on DHI on $54.78, $56.37 and $57. 36. So if you were to go long at $53.42 two different stops that you could employ.

$52.05 or $50.99 let’s round up to $51 so whichever one you’re cool with $52 even if you want to or $51 if your entry would be around $53.41 these would be your first three potential targets.

Mark Helweg is going to be doing a special webinar on ‘’How to Potentially Profit from Huge Market Moves without Predicting the Direction of the Market Moves’’ which would be useful right now because the market is crazy. Wednesday, October 9th at 8PM EST. I will HYPERLINK you to the form.

Good luck. Hope it helps. See you on the next video.

Hubert.

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