💡Trade Ideas — $CRM, $HD, $WMT, $PCLN, $TEVA, $AAP

February 19, 2017

Need some trading ideas to get the week started? We’ve got you covered! This is our weekly issue February 21 — February 24 where we go over macro economics, economic calendar, upcoming earnings and list a few trade ideas.

Market

The coming week is a short trading week due to Presidents Day. The US stock market has been bullish the past two weeks after a market consolidation of over a month.

Favorite ETFs

$SPY — This NASDAQ top 100 ETF has High option volume. Last week saw the break to all new highs. Chart analysis shows overbought territory.

$USO — This high option volume oil ETF has been trading sideways since 2017 start. Volume has been lower the past three months than the previous year. If a chartist looks at the 5-year chart one can see that this ETF is getting ready for lift off in the coming months.

$GLD — This gold related ETF has high option volume. As the world’s investors speculate over Trump’s effect on the stock market gold has risen in value as demand increases. It’s unusual for the US stock market to be bullish while gold value trends upward. One or the other is going to fall.

Economic Calendar

Earnings Calendar

Many retailers are reporting in this short trading week.

$CRM — salesforce.com, Inc.

$CRM has its ER 2/28/17. Since 2017 start the stock’s value has uptrended quickly. Last week saw a possible break from the uptrend pattern but we’ll see if support can hold with the uptrend intact.

Catalyst — Pre-ER

Trade — BUY $85.00 March 17, 2017 Calls

$HD — The Home Depot, Inc.

$HD has its ER 2/21/17 before market open. Chart analysis shows a nice uptrend since the company’s last ER beat. Chart analysis shows the stock value hovering at resistance of its uptrend price channel but ER could send the price to new highs.

Catalyst — Post-ER

Trade — BUY $144.00 February 24, 2017 Calls

$WMT — Wal-Mart Stores Inc.

$WMT has its ER 2/21/17 before market open. The stock value is trading near its resistance of $70 and an ER beat could cause the stock price to break above.

Catalyst — Post-ER

Trade — BUY $70.00 February 24, 2017 Calls

$PCLN The Priceline Group Inc.

$PCLN has enjoyed a very bullish 2017 so far. The company’s ER is 2/27/17. After this short-term consolidation I’m expecting the uptrend to continue. Options for this pricey ticker are also pricey.

Catalyst — Pre-ER

Trade — BUY $1,670.00 February 24, 2017 Calls.

$TEVA — Teva Pharmaceutical Industries Limited

$TEVA has been in a downtrend the past six months. A support around $32 developer in February, and the $35 resistance was broken last week. I expect the $35 resistance to become a support as the industry news points to bio pharmaceuticals bouncing in value in 2017.

Catalyst — Industry news

Trade — BUY $35.00 March 17, 2017 Calls

$AAP — Advancd Auto Parts Inc.

$AAP has its ER 2/21/17 before market open. The ticker gapped up after the presidential elections and now is in danger of filling that gap with a downtrend. A positive ER could help support at $158 hold.

Catalyst — Post-ER

Trade — BUY $170.00 March 17, 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.

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