Nwl
USDJPY 1ST AND SHORTTheory~
Dollar yen has ended 2018 with a Hail Marry to the down side, possibly signaling the momentum and direction for the 1st quarter of 2019.
1st play of the year, appears to be a deep pullback after hitting a major support and resistance zone. We could easily see price pullback and try to regain the 4000+ yardage lost in December, but with this pair remaining in a range for the last 5 years creating lower highs, would not be surprise to the see the big banks come in and drive price down, mean all the way down, as low as 100 handle.
Will be looking at the key areas below for entry opportunities on the Daily and 4hour. Specifically looking for double tops, triple tops or 1-3 wicking candles followed by a bearish directional candle:
1st level 108.90-108.62
2nd level 110.30
3rd level 111.70-111.40
30 period EMA = Daily- bearish, 4H- bearish,
Currency Heat Map USDJPY 1 month negative 3% from December 8 112.70 to now 108.51 = Bearish
Client Orders 62% traders are bullish and 38% are bearish = BIG BANKS Bearish
Overall as of Jan 7, 2018 11:35 Japan Time Bearish
Newell Brands up 23% on heavy volume and recommended buyingNewell Brands, a high-profile consumer products brand owner, is up just above 786fibretracement on breakout volume.
About: Newell Brands Inc. is a marketer of consumer and commercial products. The Company's segments include Writing, Home Solutions, Commercial Products, Baby & Parenting, Branded Consumables, Consumer Solutions, Outdoor Solutions and Process Solutions. Its products are marketed under a portfolio of brands, including Paper Mate, Sharpie, Dymo, Expo, Parker, Elmer's, Coleman, Jostens, Marmot, Mr. Coffee, Rubbermaid Commercial Products, Graco, Baby Jogger, NUK, Calphalon, Rubbermaid, Contigo, First Alert and Yankee Candle. Writing segment consists of the Writing and Creative Expression business.
Monday will likely be a slightly down day, so get in below 18.39 on limit order and solid long hold with 5.5% dividend yield, which has an 8.9% growth rate the last 5-years. Div. payout is typically the 2nd week of Nov. and likely why the jump today. Or buy-in at market and set some for low buy-in.
NWL - Fallen angel formation long from $30.83 to $32.93 & HigherNWL seems forming a fallen angel formation with nice little rounding bottom. Moneyflow getting ready to cross the Zero line & it has some insider buying going on. We think it will continue from current label.
* Trade Criteria *
Date First Found- November 28, 2017
Pattern/Why- Fallen angel with Rounding bottom
Entry Target Criteria- Break of $30.83
Exit Target Criteria- 1st Target $32.93; 2nd Target $35.87
Stop Loss Criteria- $29.23
Please check back for Trade updates. (Note: Trade update is little delayed here.)
NWL - A quick day trading from $46.70 to $47.80 NWL seems forming a Flag formation in hourly frame. If it act nicely it will hit around $48 which is long term down channel resistance line.
Trade Criteria
Entry Target Criteria- Break of $46.70
Exit Target Criteria- $47.89, $48
Stop Loss Criteria- $
You can check detailed analysis on NWL in the trading room/ Executive summary link here-
www.screencast.com . ( Access only for the subscribers)
Time Span- 53:00"
Trade Status: Pending
(Note: Trade update is delayed here. To get updated & get new Trade Ideas - Please subscribe to our Newsletter at: acornwealthcorp.com/gold)
NWL - $45 March Puts looking very interesting NWL seems forming a sharp declining head & shoulder formation. It also seems breaking down from a double top formation. On the other side huge put volume also suggesting investors bearish approach to the company. We think it will be a interesting option play to the down side.
We would consider $45 March puts, last traded for $2.60
You can check our detailed analysis on NWL in the trading room/ Executive summary link here-
www.youtube.com
Time Span: 9:00"
Trade Status: Pending
NWL at MTF Support pre-EarningsTaking a pre-earnings play on NWL at matching support on the Weekly, Daily, and Swing trading levels. The September 49 Calls are at average Implied Volatility so I'm taking singles. The top of the consolidation range and a break thereof will get the Calls ITM.
Current Market Outlook
I follow the theory of Sector rotation in terms of what the movement of money into particular sectors means for the market cycle and economic cycle. Right now based on my positions I can tell what is moving up and what is moving down.
NWL is a Consumer Staples sector. This is one of the best performing sectors of the current year and has outperformed the market as a whole for the last 4 quarters. This, combined with MO in Consumer Staples and Utilities companies like DTE and DUK, is what I am net long. Materials companies such as EMN I am net short. Technology is also showing bearish signs. Yesterday I took a day trade short on JNPR which worked out after a downgrade. M and WMT were bearish plays this year.
Money "flight to safety" of dividend paying, stable and well understood companies paired with retail failure and lower demand for raw materials is a model that points to one thing; a bear market.
