Mr Phil Newton
Mr Phil Newton

Author Archives: Mr Phil Newton

I help traders like you become more successful with practical mentoring and a well developed step-by-step trading methodology that you can follow around your current life commitments.

[AV Trend] – ICPT – Apr, 24 2019

Ahoy there, Its Phil…

This stock is in a range with news in the usual expiration cycle and low IVR – it makes for a good news set up.

From a pattern view point, price is in a range and showing signs of exhaustion at the low end of the range.

With nothing new developing (ie a break out) I expect price to continue to range with a target towards the upper edge of the range.

Creator of;
The AntiVestor Method™

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[AV Trend] – Breaking News – Apr, 23 2019

Ahoy there, Its Phil…

This stock is technically a break out pullback set up, but with news just around the corner AND IVR low I am using a long strangle to remove the directional risk and uncertainty from the news.

…could go either way! so let us not worry which way. As long as price pops, I get paid.

HouseKeeping

I will be closing C – This was a news trade which has been and gone and there is a distinct lack of zip n sizzle.

I have the opportunity to close for a scratch and the options are showing me a 4.8% ROC as I type this.

AMTD – has reached its exit trigger. I shall be taking a reduced loss on this and aim to get out -57% of the opening price.

CSIQ is halfway to target and timing out. The options are showing a scratch trade and I should be able to close for a breakeven trade around 4.5% ROC.

SYNA – is reaching its timed exit, however, it is starting to move favourably and I will be giving it the benefit of the doubt as we come out of a long weekend.
I will be watching this closely, no action just yet.

CTSH is nearing its timed exit and is 76% of the way to target 1.
The options are showing me a 66.7% ROC. I will be closing this position.

Creator of;
The AntiVestor Method™

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[AV Trend] – Just HouseKeeping – Apr, 18 2019

Ahoy there, Its Phil…

Im reluctant to place any further trades going into the final day of what will be a long weekend and a shortened trading week both this week and next week.

Most of the time around such holidays the markets are one of two extremes and they are fickle enough to flutter from one extreme to the other at the moment.

As such – I will just be looking to manage positions and nothing is quite close to get excited about closing for the long weekend, at last yet.

Stocks Im watching for some hit n’ run set ups which is a new patter introduction and one Im also using on my day trading set ups. It is kinda similar to a dead cat bounce – which is a continuation pattern and not a reversal pattern as most people mistake it for.

MAC – Macerich Co
HUM – Humana Inc
UNH – UnitedHealth Grp Inc
HLF – Herbalife Ltd
JNJ – Johnson & Johnson

For now nothing new and nothing to manage.

Have a happy holiday

Creator of;
The AntiVestor Method™

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[AV Trend] – News Trading – Apr, 17 2019

Ahoy there, Its Phil…

Im obviously finding a few more news trade set ups as we push through earning season.

Typically, I average trading 12-15 such set ups. Ive got 4 on at the moment and seeing another 2-3 I like.

Which might be good to fill up on as we enter a shortened trading week and [air fingers] Easter Holidays.

Creator of;
The AntiVestor Method™

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[AV Trend] – TAP TAP TAP – Apr, 16 2019

Ahoy there, Its Phil…

Once again, as we enter into earnings season there are some good opportunities to be hand on the single conditions that we see a pop.

Either in price on the news event, or in implied volatility, which is the possibility that price could move.

Right now volatility is cheep on this stock and price has squeezed tight like a coiled spring.

Could be interesting.

Creator of;
The AntiVestor Method™

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[AV Trend] – DLPH – Apr, 15 2019

Ahoy there, Its Phil…

This stock is in a long term down trend and a short term rising channel.

Together this is often described as a bear flag. At this moment price is at the upper edge of the rising range and showing signs of exhaustion.

As nothing new is developing yet, I expect prices to move lower which ideally will lead to the break down and out for the next leg of a move and the bear flag to complete.

Creator of;
The AntiVestor Method™

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[AV Trend] – Soup of the day – Apr, 12 2019

Ahoy there, Its Phil…

This stock has been in a long term down trend and is showing signs of exhaustions after a recent rally.

HouseKeeping

Nothing new from a housekeeping view point that has not already been mentioned.

GRMN & TMUS are being keenly watched for an exit near target 1 or to let ride to target 2.
GRMN is likely to be closed for the weekend and potentially a new position opened to extend the time duration for a move to target 2.

In both cases no action to take just yet.

Creator of;
The AntiVestor Method™

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[AV Trend] – DowDuPont – Apr, 11 2019

Ahoy there, Its Phil…

Today’s stock is another news set up. Should the opportunity arise to close for a small profit before the news then I will. Details below

HouseKeeping
HLT – despite giving it some extra wiggle room. Ever the optimist [eye roll] time to exit from a time point of view.

I will be closing this position.

GRMN is pushing nicely back towards the recent highs. 7 days before this times out and a profit can be taken.

I will likely close for the weekend assuming nothing dramatic happens. I will also be considering extending the duration. More on this as it unfolds.

TMUS is also pushing towards its first target. As with GRMN I am keeping an eye on this to move swiftly past T1 and onwards to T2. Time is very much on my side here and nothing to do but wait.

No action with the last two. Just keeping an eagle eye on them

As always, if you see a profit you like. Don’t wait for me.

Creator of;
The AntiVestor Method™

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[AV Trend] – On your Merck’s. Get Set. GO! – Apr, 09 2019

Ahoy there, Its Phil…

This stock is in a strong uptrend and of course, I shall be buying the dip.

I’ve not calculated a second target for this stock as the price movements over the last few weeks have appeared sluggish.

HouseKeeping
GRMN & CSIQ are being watched for a good quick push past target 1s as previously mentioned for a continuation to target 2

Creator of;
The AntiVestor Method™

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