💡Trade Ideas — $AAPL, $MU, $BAC, $NKE, $TRIP, $DE

March 26, 2017

Need some trading ideas to get the week started? We’ve got you covered! This is our weekly issue March 27 — March 31 where we go over macro economics, economic calendar, upcoming earnings and list a few trade ideas.

Market

The US stock market showed some big selling last week. Many analysts are calling for a bigger correction but this week will be telling for trend direction.

Sectors in uptrend include Financial, Technology, and Utilities.

Favorite ETFs

$SPY — After a dip CCI is now showing as it did before the presidential election results. Support looks to have formed and this week should be telling.

$GLD — Gold was up last week until equities started on their dip. From a charting perspective volatility could be setting in.

$USO — Oil fell all last week on concern of inventory levels still greater than expected. Big support is at the $10 level so we’ll see if we get a support bounce this week.

$UNG — This natural gas ETF has quietly been uptrending since bitting support a month ago. Natural gas continues its upward valuation as oil falls.

Economic Calendar

Earnings Calendar

As the earnings season draws to a close for this quarter there aren’t many decent option volume trading targets.

$AAPL — Apple Inc.

Since the company’s ER beat late January the stock price has been on a tear. The uptrend has tapered some but an uptrend price channel continues.

Catalyst- Technical analysis

Trade- BUY $140.00 March 31, 2017 Calls

$MU — Micron Technology, Inc.

$MU had an ER beat on 3/23/17 and spiked. The trading volume looked similar to late December in 2016 where the stock price let off stream to fill the upward gap.

Catalyst- Post-ER

Trade- BUY $28.00 March 31, 2017 Puts

$BAC — Bank of America Corporation

$BAC is trading at $22.50 support after pulling back late last week. It would be very bearish should this support fail.

Catalyst- Technical support

Trade- BUY $23.00 March 31, 2017 Calls

$NKE — NIKE, Inc.

$NKE fell hard last week on large volume after giving a weak future outlook during its ER. However, it has been on a rally to close the downward gap since.

Catalyst- Post-ER

Trade- BUY $56.00 March 31, 2017 Calls

$TRIP — TripAdvisor Inc.

$TRIP has been on a downtrend the past few months. It has a 54 PE which is towards the top of competitor analysis. The company does have strong fundamentals and the $PCLN merger discussion and occurrence could bring life to the stock.

Catalyst- Merger discussions

Trade- BUY $43.00 March 31, 2017 Calls

$DE — Deere & Company

$DE has had a nice uptrend since the presidential election outcome. March has given way to a flat price channel and chart analysis is showing signs of sell.

Catalyst- Technical analysis

Trade- BUY $108.00 March 31, 2017 Puts

Happy trading!


Disclaimer

This is not an investment advisory, and should not be used to make investment decisions. Information in All Things Stocks is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don’t consider buying or selling any stock without conducting your own due diligence.

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