FB, NFLX, SPX

FB-15MIN


NFLX-15MIN


SPX-DAILY V


SPX-DAILY IV

SPX-DAILY III

SPX-DAILY II

SPX-DAILY I

SPX-30MIN

SPY-15MIN

FB, GOOGL, GS, JPM, NFLX, SPX

The market (SPX) is about to make a run higher. What we have seen the past few weeks is a market that is making sideways consolidation before the next leg up. Instead of price consolidation (pullback), we are seeing time consolidation (as price remains the same).

LNKD EARNINGS PREVIEW:
It reports tomorrow after the close. This is not official. I don't know what they are waiting for. I will have to confirm that the report is tomorrow before making the play. I don't want to get stuck holding a play for the wrong reason.
The fundamentals look okay. I will score it at 7.5 out of 10. Since it went public on May 19, 2011, it has reported earnings twelve times. In the twelve quarters, it beat earnings estimates eleven times. The one exception (eight quarters ago) came in line with expectation. It beat revenue estimates and maintained guidance in all twelve quarters as well. With all the good reports, it gapped lower six times. So beating earnings and revenue, and maintaining guidance is not enough. I guess user growth was the problem. I believe the World Cup might have helped it gain uses.
Technically, it looks bullish (see the weekly and daily charts below). My problem with it is the fact that it has made a strong move up the past two weeks. That will not stop me from taking the trade. The worst case scenario will be to limit my exposure.
I will buy September Call options going into the report (if it is tomorrow).

TSLA EARNINGS PREVIEW:
Reports tomorrow after the close. The fundamentals look bad. I will score it at 3.5 out of 10. Also, it beat earnings estimates the last three quarters but missed revenue in all three. Not good.
On the technical side, there is a symmetrical triangle in place (see TSLA-DAILY). The pattern is neither bullish nor bearish.
This therefore gives the advantage to the bears (based on fundamentals). I will buy September Put options going into the report.

LNKD-WEEKLY


LNKD-DAILY


TSLA-DAILY


FB-DAILY


FB-15MIN


GOOGL-DAILY


GOOGL-15MIN


GS-DAILY


GS-15MIN


JPM-DAILY


JPM-15MIN


NFLX-DAILY


NFLX-15MIN


SPX-DAILY VI


SPX-DAILY V


SPX-DAILY IV


SPX-DAILY III


SPX-DAILY II


SPX-DAILY I


SPX-30MIN


SPY-15MIN

SPX

Tomorrow is a big economic day with the much anticipated GDP before the open and FOMC Announcement later in the day. So I decided to stay away from reviewing my watchlist since the plays will be aggressive anyway. I'm happy to do so because of the weird price action over the past few weeks. It's been a frustrating period.

AKAM EARNINGS PREVIEW:
Reports tomorrow after the close. The fundamentals look solid. I will score it at 10 out of 10. Also, in the last eleven quarters, it has beaten estimates ten times. The one exception came in line with expectation.
On the technical side, it is strongly in favor of the bulls (see my weekly and daily charts).
So, based on the fundamentals and technicals, I believe it will run up after it reports.
I will therefore be buying September Call options going into earnings.
Assuming it moves up, I will exit the play on Thursday if it closes any candlestick below 5ema on the 15minute chart. I will then look to buy Put options if it confirms.
Note that the 5ema becomes useless after Thursday. I use it ONLY on earnings day.

YELP EARNINGS PREVIEW:
Reports after the close tomorrow. The fundamentals look bad. I will score it at 3 to 4 out of 10. Technically, it is more bearish than bullish (see YELP-DAILY).
I will buy September Put options going into earnings. Assuming it moves lower, I will exit the play on Thursday if it closes any candlestick above 5ema (preferred) or 10ema on the 15minute chart.
Another factor that goes against Yelp is the fact that other social media stocks like Facebook and Twitter performed well on earnings. The pressure is now for it to perform. Failure to do so will result in serious trouble.

AKAM-WEEKLY


AKAM-DAILY


YELP-DAILY


SPX-DAILY VI


SPX-DAILY V


SPX-DAILY IV


SPX-DAILY III


SPX-DAILY II


SPX-DAILY I


SPY-15MIN

TWTR EARNINGS PREVIEW, BIDU, DIA, FAS, FB, GOOGL, GS, IWM, JPM, NFLX, SPX

Tomorrow looks like a day for the financials (FAS, GS, JPM) to carry the market. They have good setups as a group.

TWTR EARNINGS PREVIEW:
Reports after the close tomorrow. Fundamentally it looks okay, I will score it at 7 to 8 out of 10. Since Twitter went public on November 7, 2013, it has reported twice, beat earnings and revenue both times, yet the stock price declined after the reports. This was due to the market not liking the number of active users. I guess user growth wasn't good enough. This means that if it can show increased activity (as well as good earnings), we could see a huge jump in the stock price. The World Cup might have helped it get over that hurdle with increased global activity. This has not been factored into earnings expectations. So we could see a jump in earnings, revenue and user growth for Q2. If there was ever a time to be bullish the stock going into earnings, this is it. If it can't put up a show now, I don't know what other global opportunity it will have.
On the technical side, it is more bullish than bearish. There is also a lot of room for the upside since it is about 50% off its highs.
So, based on the fundamentals and technicals, I believe it will make a huge move up after it reports. I will buy November Call options going into earnings. I would have preferred October options but they are not available at this time. September options will be too risky if the trade goes against me. Note that my intention is to hold for just one day, but no more than a few days. So I am buying this far out just for risk management. A way of getting my money back if the trade goes against me.
I believe the market is ready to push it higher given that it got punished twice in the past even after reporting good results.
There is also a psychological trade to look out for. If the result is too good, we could see a big gap up on Wednesday that is immediately followed by a sell-off as the market digests the results. When the market realizes that the World Cup is not played every year, it will likely start dropping until it gets to the point whereby the market thinks it has overreacted by dropping. At that point it will start going back up on the expectation that people will maintain their accounts because of some new "additions" (if any) the company has made to "attract" users.
So, if it goes my way (gap up on Wednesday), I will close the play if it closes any candlestick below 5ema on the 15min chart, then buy Put options when it confirms below the 5ema. I will then close the Put options when it moves back above 10 or 20ema, whether it happens the same day or in a few days.

TWTR-DAILY


BIDU-15MIN


DIA-15MIN


FAS-15MIN


FB-DAILY


FB-15MIN


GOOGL-15MIN


GS-15MIN


IWM-15MIN


JPM-15MIN


NFLX-15MIN


SPX-DAILY V


SPX-DAILY IV


SPX-DAILY III


SPX-DAILY II


SPX-DAILY I


SPY-15MIN