9 Stocks I HATE – March/April 2018
Ahoy there, It’s Phil
These are the 9 stocks that I absolutely HATE right now.
- FE
- FSLR
- KORS
- SPLK
- TWLO
- HES
- MPC
- PPL
- NLSN
- SIG
You might have noticed there are 10 stocks, which doesn’t seem to sound as sexy as nice stocks to me, so the extra one is a bonus stock which I hate.
These stocks come from the daily AntiVestor scan that I use to find, filter and sort stocks which are farmed from my universe of 371 of the best stocks to trade.
For these AntiVestor Alerts Ive given myself some extra time as the set ups are based off the weekly charts in most cases and as such the targets are a little bigger than my usual consideration of 45 days based off the daily chart set ups.
Happy Trading
Phil
Name – FE – FirstEnergy Corp
Direction – Bearish
This stock is in a range on the weekly charts. Price is showing a sign of exhaustion at the upper level and as nothing new is developing then I would expect the same thing to continue to develop and see price move to the lower edge of the established range.
- Stock Trigger Price – $33.50
- Stock Void Price – $34.70
- Stock Projection 1 – $29.30
- Stock Projection 2 – $28.00
- Option Strike – $33.00
- Option Expiration – May 18 ’18
- Option Price – $1.05 (Approx. TBC @ Trigger)
- Option Strategy – Single Put
*Keep it simple
*Wait for the trigger – conditional order set up
*Options are typically 1 strike OTM
* I typically enter on the mid price
Name – KORS – Michael Kors Hldg, Ltd.
Direction – Bearish
Price Action looks like it is repeating itself again at a similar level. Last time price was here there was a good push down. The recent sign of exhaustion is suggesting direction and timing as well as the broad market taking the phrase “a long drop on a short rope” to a hole new meaning for me.
- Stock Trigger Price – $61.00
- Stock Void Price – $64.60
- Stock Projection 1 – $50.00
- Stock Projection 2 – $35.00
- Option Strike – $60.00
- Option Expiration – May 18 ’18
- Option Price – $2.35 (Approx. TBC @ Trigger)
- Option Strategy – Single Put
*Keep it simple
*Wait for the trigger- conditional order set up
*Options are typically 1 strike OTM
* I typically enter on the mid price
Name – SPLK – Splunk Inc
Direction – Bearish
This stock is developing an interesting price action pattern which is technically a counter trend set up but with the broad market taking a swan dive of a metaphorical tall building counter trend is worth considering at the moment for me.
I am looking at history repeating itself where price previous performed a violent u-turn. I expect something similar to develop but with a smaller magnitude which is reflected in my choice of targets. Its still a whopper!
- Stock Trigger Price – $102.30
- Stock Void Price – $114.00
- Stock Projection 1 – $70.00
- Stock Projection 2 – $
- Option Strike – $97.50
- Option Expiration – May 18 ’18
- Option Price – $3.85 (Approx. TBC @ Trigger)
- Option Strategy – Single Put
*Keep it simple
*Wait for the trigger- conditional order set up
*Options are typically 1 strike OTM
* I typically enter on the mid price
Name – TWLO -Twilio Inc Cl A
Direction – Bearish
The weekly chart has recently broken out of a long term multi month range. Price has reached a nice logical stopping point as well as the broad market is taking a long walk of a short pier.
Technically this is counter trend for a break out set up. I am trading what could be the pullback part of a classic bullish break out. I expect to see a retest of the range break point which is where Ive set my market.
- Stock Trigger Price – $39.50
- Stock Void Price – $43.00
- Stock Projection 1 – $33.50
- Stock Projection 2 – $
- Option Strike – $39.00
- Option Expiration – May 18 ’18
- Option Price – $2.90 (Approx. TBC @ Trigger)
- Option Strategy – Single Put
*Keep it simple
*Wait for the trigger- conditional order set up
*Options are typically 1 strike OTM
* I typically enter on the mid price
Chart
Name – HES -Hess Corporation
Direction – Bearish
This stock is in a well established range on the daily chart and having seen a significant move away from this location in the past – the slow lazy move back to that level suggest a lack of buying interest. A bearish engulfing bar is triggering me into this position rather than the usual sign of exhaustion.
It is worth watching the video for the explanation of the price action pattern for this set up.
- Stock Trigger Price – $49.45
- Stock Void Price – $51.25
- Stock Projection 1 – $40.00
- Stock Projection 2 – $
- Option Strike – $49.00
- Option Expiration – May 18 ’18
- Option Price – $2.30 (Approx. TBC @ Trigger)
- Option Strategy – Single Put
*Keep it simple
*Wait for the trigger- conditional order set up
*Options are typically 1 strike OTM
* I typically enter on the mid price
Name – MPC – Marathon Petro Corp
Direction – Bearish
This stock looks like it has price behaviour repeating itself. Technically this is a counter trend set up – but the pattern has historical precedent and the broad market conditions are dire enough to consider counter trend set ups.
Targets are based of the historical pattern projected onto the developing pattern. While I do not believe the same size or magnitude of move will develop. I will consider anything over 50% of the expected movement a win for a target.
- Stock Trigger Price – $71.30
- Stock Void Price – $74.50
- Stock Projection 1 – $55.25
- Stock Projection 2 – $43.40
- Option Strike – $67.50
- Option Expiration – May 18 ’18
- Option Price – $1.95 (Approx. TBC @ Trigger)
- Option Strategy – Single Put
*Keep it simple
*Wait for the trigger- conditional order set up
*Options are typically 1 strike OTM
* I typically enter on the mid price
Name – PPL – PPL Corp
Direction – Bearish
This stock is in a well established trend on the daily charts. I am using a break to the new low to trigger me into the trade as price didnt retrace as much as I would have liked.
Targets are based of the previous move measured & projected down to suggest the next size of movement.
- Stock Trigger Price – $27.10
- Stock Void Price – $28.30
- Stock Projection 1 – $25.50
- Stock Projection 2 – $23.80
- Option Strike – $27.00
- Option Expiration – May 18 ’18
- Option Price – $0.95 (Approx. TBC @ Trigger)
- Option Strategy – Single Put
*Keep it simple
*Wait for the trigger- conditional order set up
*Options are typically 1 strike OTM
* I typically enter on the mid price
Name – NLSN – Nielsen Hldgs Plc
Direction – Bearish
This stock is in a well established trend on the daily chart. Price has not developed as deep a retracement as I would have liked and Im using the break to a new low after a very short term consolidation to trigger me into the next trending part of the move.
Targets are based on the previous move measured to suggest the next move down.
- Stock Trigger Price – $31.50
- Stock Void Price – $34.20
- Stock Projection 1 – $29.55
- Stock Projection 2 – $26.70
- Option Strike – $31.00
- Option Expiration – May 18 ’18
- Option Price – $1.60 (Approx. TBC @ Trigger)
- Option Strategy – Single Put
*Keep it simple
*Wait for the trigger- conditional order set up
*Options are typically 1 strike OTM
* I typically enter on the mid price
Name – SIG -Signet Jewelers Ltd
Direction – Bearish
This stock has broken a long established range pattern and is developing a nice pullback to suggest a continuation on the daily charts.
This is what I refer to as something new is developing, in this case a break out and the start of a new potential trend/expansion move.
- Stock Trigger Price – $38.85
- Stock Void Price – $40.50
- Stock Projection 1 – $30.00
- Stock Projection 2 – $23.60
- Option Strike – $35.00
- Option Expiration – May 18 ’18
- Option Price – $1.10 (Approx. TBC @ Trigger)
- Option Strategy – Single Put
*Keep it simple
*Wait for the trigger- conditional order set up
*Options are typically 1 strike OTM
* I typically enter on the mid price
Name – FSLR – First Solar Inc
Direction – Bearish
This stock is in a widening range pattern on its weekly chart and is showing a sign of exhaustion at a logical stopping point. As nothing new is developing I would expect the same ranging price action to continue.
Ive given myself some extra time on this position as this set up could take longer than normal
- Stock Trigger Price – $69.30
- Stock Void Price – $75.00
- Stock Projection 1 – $50.00
- Stock Projection 2 – $20.00
- Option Strike – $65.00
- Option Expiration – Jun 15 ’18
- Option Price – $3.90 (Approx. TBC @ Trigger)
- Option Strategy – Single Put
*Keep it simple
*Wait for the trigger- conditional order set up
*Options are typically 1 strike OTM
* I typically enter on the mid price
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