Other December 2019 Ideas

(free content, published before the launch of our new site)
$SHOP $HL $SLB

12/07/19
CHART IDEA OF THE DAY 

SCHLUMBERGER LTD (SLB)
$36.89
Energy Services.
First weekly close over the 40-week moving average since July 2018. Also at a 4 month weekly closing high.
12% stop = 32.46
slb1207.png

12/06/19
CURRENT POSITIONS (end of week) 

ABT, AMD, AMZN, BABA, BAC, CS, FB, GE, HL, MAS, MT, NVDA, SHOP
GLD, ITB, QQQ, SMH, XOP
1206open.PNG

12/06/19
CHART IDEA OF THE DAY
Owens Corning (OC)

$66.11
Building Materials.
Turning up off the rising 50-day MA, daily RSI improving. A 10% stop would go under the rising 100-day MA.
oc1206.png

Oracle (ORCL)
$54.68. Oversold into the rising 200-day MA, daily RSI improving.
orcl1205.png

Disney (DIS)
$147.44. Consolidating into the rising 20-day MA, with strong support in the 140 – 144 range.
dis1205.png

Intel (INTC)
$56.08. Oversold above the rising 50-day MA. Key support in the 52 to 53 range.
intc1206.png

12/05/19
UPDATED OPEN POSITIONS (+BABA, +MT, – ASHR)

1205open.PNG

HL up 23% from entry. Those looking to scale could do so here. I am riding out the position with a stop just over breakeven, 2.34.
HL1205.png

POSITION JOURNAL
Long positions today in MT with a stop at 15.23 and BABA stop at 173.24.  Closed out winner in ASHR long from Feb over 200-day MA breakout.

12/05/19
CHART IDEA OF THE DAY 

ArcelorMital (MT)
$17.02
Steel
Higher highs and lows, basing, and nearing the 200-day sma. Bullish over $15.
mt1205.png

POSITION JOURNAL 12/04/19
Closed out partial SHOP long just over $370 from $318 entry. Still long most of the position. 

CURRENT OPEN POSITIONS

12/03/2019
ABT, AMD, AMZN, BAC, CS, FB, GE, HL, MAS, NVDA, RAD, SHOP
ASHR, GLD, ITB, QQQ, SMH, XOP
1203OPEN.PNG

CHART IDEA OF THE DAY 12/03/19
ALIBABA (BABA) $194.90

Interesting here after a 5% pullback, on lower volume, from the 200.98 high. Holding over the rising 200-day sma at 175.27, and also a key 180.00 support level. Further consolidation could be possible, but technically bullish over 175.
BABA1203.png

12/03/19
APPLIED MATERIALS (AMAT) $55.34

Interesting here after a 12% pullback from the 62.85 high. 7.3% above the rising 100-day sma which has held the uptrend since June 2019.
amat1203.png

CHART IDEA OF THE DAY 12/02/19
Opened Long GE
11.43, stop under 9.90.
ge1203.jpg

11/26/19 CHARTS OF INTEREST

Shopify (SHOP) $SHOP
$336.19, over the $335 level and back above all key moving averages for the first time since this past September. $318.70 entry on 11/11/19.  200-day MA test and hold in early November.
shop11262.png

Hecla Mining (HL) $HL
Showing signs of a longer-term turnaround. Recent 10 week/40 week MA Bullish cross. Staying above $2 is key on any pullbacks. $2.34 entry on 11/25/19. hl1126.png

 

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