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  • Market Picks 7/22/2013 1 comment
    Jul 22, 2013 9:32 AM

    Predictions for next weeks or months.

     

     

    datesymbolinstrument typestart pricestart datedirectiontime frameexpected end price ("take profit")
    7/21/2013GOOGstock895.667/20/13 closelongweeks 
    7/21/2013MSFTstock31.397/20/13 closelongweeks 
    7/21/2013MRKstock47.747/20/13 closelongweeks 
    7/21/2013MCDstock100.177/20/13 closelongweeks 
    7/22/2013NGfutures3.6847/22/2013 8:05longweeks4.250 or more
    7/21/2013FBstock25.887/20/13 closeshortweeks 
    7/21/2013ORCLstock31.847/20/13 closeshortweeks 
    7/21/2013Tstock35.807/20/13 closeshortweeks 
    7/21/2013Astock46.217/20/13 closeshortweeks 
    7/21/2013AAPLstock424.957/20/13 closelongmonths600 or more
    7/21/2013JPMstock56.167/20/13 closeshortmonths42.50 or less

    Disclosure: I am long AAPL.

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  • TradersForecast
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    Author’s reply » Two weeks later, a little review.

     

    I'm aware of at least 2 stocks for which I made "shorter" (based on weekly charts) predictions that had earnings during these 2 weeks: Facebook (FB) and McDonalds (MCD) (it happened that I saw more significant price jumps when I looked at the charts now and then checked and conformed it was earnings). I wouldn't normally make predictions while earnings are scheduled but I didn't check and I wasn't aware at that time. Of course, earnings or other fundamentals can break technical patterns. That's certainly the case for FB: at the next day's opening, FB jumped up 30% contrary to my expectation for the stock to fall. MCD had a mild fall after earnings despite my expectation to go up but I'm expecting to fully recover these losses. Because of earnings though I won't keep track of the predictions for these 2 stocks any further.

     

    Apple (AAPL) had earnings as well but the AAPL prediction is long term (based on monthly charts). My AAPL call, for example, expires in January, 2014. During such a long time earnings is unavoidable and AAPL will go through at least one more earnings release. But the effect of earnings is less significant on monthly charts compared to weekly charts.

     

    I expected AT&T (T) to go down from 35.80 and it’s now 35.75 (a mere 0.05 down or 0.14%). However the first week went as low as 34.93 ($0.87 down or 2.4%) and the indicators showed a reversal starting with last week. I actually bough AT&T stock last week on 7/31/13 at $35.45 and I expect it to continue to go up.

     

    Except for FB and MCD which I’ll set aside due to earnings and T for which I’m reversing the predicted direction, I expect the other stocks to continue to go in the predicted direction.
    5 Aug 2013, 09:24 AM Reply Like
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