FB Trade on Jul 10, 2019 15:49 from Marius: Tradervue User Stock Trades.

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Marius

 

SPY moving back into ATH's after FED meeting. QE still in progress and market pricing future. Tech names showing momentum. I also have been going over a couple names in a weekly conference call with more fundamental analysis. FB was a more recent talk and showed interesting outlook. I'm not a fundamental trader but I combined this with my technical analysis and decided to put on a swing trade on a longer-term account and my trading account. Other notable mentions of fundamental talks and that I have put on initial positions in the longer-term account are MSFT, AMZN, V, and, DIS. More of a smaller diverse portfolio. This is after deploying more cash into equities a couple weeks back in retirement accounts. I will be looking to trade more tech names with momentum as the market moves in price discovery and also looking to see if tech will regain leadership.

  • RVOL 1.44
  • ATR 4.04
  • Market Cap 568.20B
  • Average Volume 16.91M
  • Short Float 1.03%
  • Institutional Ownership 75.80%
  • Catalyst - analyst upgrades
  • *Earnings - 07/24 AMC SPY D, longer-term image

QQQ D, longer-term
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FB M,
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FB W,
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FB D, Trade Overview, Fibs, VWAP's from ATH and low since then.
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Note 07/19 : Debated on closing out or trimming position here due to technicals. Still above my risk level but weighing overall market. Proceeding next week with extra caution with earnings due 07/14 AMC. Reminding myself to weight both fundamental and TA analysis here. (updating chart later)

FB 5m, earnings AMC price action. EQ here and above closing price. Have not reviewed earnings and guidance yet. TA looks favorable now however.
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FB D, bears in control of price but with daily decreasing volume since earnings. Notable support zone/level here around 195. Preparing to exit position at pre-determined risk if bears show convincing action. Looking to see if bulls come in here but we have FED on Wednesday and reports on Friday. 10 year yields are looking to be reverting upwards as well.
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Overall market is looking good for a secular break out. I have been trading less this month with under performance. Planning to aggressively trade cryptocurrencies once support and trend change on the (D) longer-term time frame is established. Looking forward to next month !

Trade Review (in progress) No follow through and shorter term bearish action. Shifting positions this month to improve performance.

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Execution detail:

Date/time Symbol Side Price Position
2019-07-10 15:49:50 FB buy $202.556 long
2019-08-01 15:43:48 FB sell $193.180 0


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