
💡Trade Ideas — $C, $DAL, $GS, $NFLX, PEP, $V
July 9, 2017
Need some trading ideas to get the week started? We’ve got you covered! This is our weekly issues July 10— July 14 where we go over macro economics, economic calendar, upcoming earnings and list a few trade ideas.
The US stock market was volatile last week. A bullish Monday turned to falling Wednesday through Thursday, and a recovery Friday. $TSLA fell surprisingly before its Model 3 exhibit. $AMZN is dominating discussions in the retail grocery and cable TV areas.
Favorite ETFs
$SPY — This popular S&P 500 has been on a downtrend the past two weeks. Chart analysis shows bearishness to continue.
$USO — After a great start to last week, this oil ETF fell big on 7/7/17. Blah blah blah oversupply concerns. Chart analysis shows the downward price channel resistance over the past four months held. The next support is $8.50.
$GLD — This gold ETF fell as expected last week. The $116 support broke making $114 the next big support.
$XLF — This financial sector ETF was hit last week. Chart analysis shows overbought conditions with CMF greatly weakening and CCI dipping.
Overheated sectors include Biotech and Financial. Watch Energy for signs of continued bullishness.

Earnings Season for quarter 2 is underway and next week has a host of large cap reporters. Don’t let the next few weeks pass you by for finding trading targets.

$C — Citigroup, Inc.
Company ER is 7/14/17 with a history of beats. Chart analysis shows a bullish uptrend with a gap up at the beginning of July due to the Fed’s dividend plan approval for large banks.
Catalyst — Pre-ER
Trade —BUY $68.00 July 14, 2017 Calls
$DAL — Delta Air Lines, Inc.
$DAL ER is 7/13/17. The company generally beats expectations. Since the double bottom pattern occurred mid-April the stock has been on an uptrend. The strong $52 resistance was beat early June with the stock price in 5-year new highs. The company has a PE of 9 despite the 4-month uptrend.
Catalyst — Pre-ER
Trade — BUY $55.00 July 14, 2017 Calls
$GS — Goldman Sachs Group, Inc.
$GS ER is 7/13/17. The company generally beats expectations and often beats in a big way. The stock value has been stuck at the $225-$230 resistance points for months and an ER beat could help a resistance break. However, financial news has been discussing its mutual fund investors have pulled out half their investments recently.
Catalyst — Pre-ER
Trade — BUY $220.00 July 14, 2017 Puts
$NFLX — Netflix, Inc.
The company ER is 7/17/17 and has a history of ER beats. Chart analysis shows a $145 support that held last week, and we could see a further bounce from the bullishness shown in 7/7/17 trading.
Catalyst — Pre-ER
Trade — BUY $155.00 July 14, 2017 Calls
$PEP — PepsiCo, Inc.
$PEP ER is 7/11/17 and the company has a history of ER beats. After five months of uptrend the stock saw some profit taking in June. The $115 support is being tested.
Catalyst — Pre-ER
Trade — BUY $116.00 July 14, 2017 Calls
$V — Visa Inc.
$V ER is 7/20/17 with a history of ER beats. Chart analysis shows a short-term oversold condition and a possible double bottom pattern almost complete (bullish uptrend generally occurs).
Catalyst — Pre-ER
Trade — BUY $94.00 July 14, 2017 Calls
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.

