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GOOGL

GOOGL - Short Term Short to around 830, then LongAlphabet is showing us a number of technical patterns and is indicating that it is looking to go short in the near future. Not only is it reaching all time highs, it also looks to be in the last leg of an elliot wave pattern that has already seen a 1-5 upward cycle and the first 2 cycles of the 3 step downtrend. There is also a recent trend where in the middle of an upwards rally there will be a slight dip before it rallies upwards again. I think that we are seeing this dip now, which will continue to about 827 (fib 0.32) before rallying back to all time highs. The fibo numbers look strongly correlated to performance here, with a lot of activity going around these areas, and given that we are on the 0.236 line at the moment I would suspect there will be some short-term volatility here too.
NASDAQ:GOOGLShort
by OP247
We're Going Long GOOG For A BargainAlphabet's (GOOG) stock has been trending upward for quite awhile, and we've been keeping a close eye on it.  We've raised our risk level on most of the massively expensive tech stocks due to our views on the overinflated prices from the "Trump Trade" since the election.  Already, our speculation of the market correction seems to be in-effect dependent on the next few days' price action with the S&P 500 ETF (SPY). But in the meantime, we think the short term outlook for Google is bullish, and this evinced itself when it continued its uptrend with the break of the last up-fractal at $836.26 on Friday, March 9th.  Although the option liquidity is not our most favorite spread width, we saw a recent catalyst occur as well with the introduction of Gmail money which will likely crush the likes of Venmo and potentially Paypal.  Not to mention, Alphabet's subsidiary Waymo filed suit against Uber for stealing trade secrets through one of Uber's recently acquired autonomous car companies "Otto".  After reading the details of what the suit entails, it revolves around a former Google employee stealing designs of proprietary LIDAR technology and using it for his autonomous truck startup (which Uber acquired). The lawsuit will likely be a hefty sum, and due to the somewhat "smoking gun" Alphabet has from email traffic showing the design in question, the odds favor Alphabet in winning the proprietary suit down the road. From a fundamental standpoint, the Google news about the Gmail money concept will likely drive upward sentiment to execute a further uptrend following strategy. So how are we getting this at a discount? Here's the trade: Buy 3x Puts; 7 Apr 17 Exp; $845 Strike  $10.04 Sell 6x Puts; 7 Apr 17; $850 Strike          $12.37 Buy 3x Puts; 7 Apr 17; $852.50 Strike   $13.85 Max Risk: $495.00 Max Sweet-Spot Reward: ~$855.00 Max Reward Passed $852.50 Strike: $255.00 Our trailing stop will follow our middle moving average currently at $825.14 and moving upward.
NASDAQ:GOOGLong
by EdgeAnalytics
GOOGL: Rich valuation, long term uptrend time ran outI'm flat GOOGL, but seeing the valuation up here makes you wonder: How long can this momentum last? There was a long term 6-month timeframe signal that expired recently, and we now have a daily uptrend that lasts until March 22nd, with a potential target at 884 give or take. I would find it hard to short this, but I would definitely not want to own this stock up here. Some risks include the possibility that the long term uptrend signal expiration drags price back down to the mode (a lower probability event), or that after the daily time at mode signal time and price target is met, price falls back down to support, which is likely after the end of Q1. Wikileaks recently published information that puts many tech giants in the spotlight, as part of a nasty violation of privacy, and surveillance (and recklesness) worthy of an Orwellian police state...with far reaching implications, like, for instance completely nullifying 'digital evidence' in any court case. This makes me wonder: will this affect the companies involved? or will people continue to not care about their rights and security? Any agent could hide their identity, while perpetrating attacks over the internet, if they use the CIA toolset. Everything connected to the internet, is at risk of being tapped. Will this boost Bitcoin and Ethereum further? Curious to see what happens next. Let's see how this evolves... Good luck, Ivan Labrie.
NASDAQ:GOOGLShort
by IvanLabrie
1
SPY Long Term Update2 years ago we published our last commentary on SPY. In that post on the chart referenced on this chart we stated "Our long range analysis of the market has not changed, as there is another high on our radar that we will be targeting." The market is very close to that target, the high being 228.34, 1.35 away from the target. Only time will tell if that difference will be made or not. However, for our purposes and looking at the immense moves we have pinpointed, we consider it close enough. As we also stated in the post referenced on the chart, "we always trade long-term trend, short-term counter trend on all times frames that we trade". That is still true. Bullish long-term on SPY since the low in March '09. We would like to see a correction down to a minimum of 180ish, and would be very pleased to see a retest of the 156ish area, but who can say what will occur? As traders we must trade the price action and not what we hope will happen. Our analysis at this time is that regardless of whether we get the needed correction or not, the market is poised for a parabolic rise. The only things that will prevent it is another World War, or a total melt-down of the financial system a la 2009 sub-prime debacle. We will publish our long range targets at a later date..
AMEX:SPY
by darcy_kincaid