BRKBCL trade ideas
Real Breakout or very dangerous False Break ?$BRK.B gapped up above a daily downtrend line yesterday following Warren Buffet's letter.
The trend line, that started back in November 2015, was broken but the price was rejected from the 200 SMA line and the completion of bearish Bat pattern.
Now, $BRK.B price needs to prove that the breakout is real.
1. It must close the week above the daily downtrend line.
2. It should overcome the 200 SMA line to signal stronger bullish move.
If $BRK.B will decline below the daily downtrend line, it will be a bearish signal that can be saved only if the price will find support near 130 - The meeting zone of 2 daily SMA lines.
So where do you think BRK.B is heading? and what does it means for the stock markets?
Tomer, The MarketZone.net
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Berkshire Hathaway get ready to shortDo not short yet on open hours, Ride the last bit of bull first.
But get ready to short anytime starting monday or tuesday.
- Bearish divergence
- high RSI
BERKSHIRE HATHAWAY waiting for completion of a bearish CypherEntry point at 78,6% Fibo of XC
SL little above X (in fact a strong breakout at the resistance line could be a signal for closing this position)
TP at 61,8% Fibo of CD leg or even lower, because this is a trend following Cypher Pattern
Monthly BRK/A study - Possible Parabolic Climax?Just an interesting study using arcs and Fib retracements. Using BRK for an overall proxy for our markets to gain insights as to if we may be nearing a generational top.
This chart suggests to me that we may be closer to some sort of top than we are to the beginning of a new secular bull market as some have suggested.
PAIRS: Short IYT versus Long BRK.B - nearly 20% spreadBerkshire Hathaway BRK.B has been lagging the Transports (IYT) lately and it looks poised to catch up or the Transports look ready to "catch down" to BRK.B
The spread is roughly 20% in performance over the past 8 and 4 months and presents a low risk way to capture returns without market-specific risk.
BRK.B 126.68 -0.50 = BUY
IYT 146.78 -0.15 = Sell Short
Risk 4% = Goal for return 10% in 2-3 weeks
Tim 11:10AM EST 6/19/2014 Thursday
Warren Buffet Head And Shoulders: An Ugly Signal For The Oracle Berkshire Hathaway Inc. $BRK.B, Warren Buffet's company has an ugly head and shoulder pattern forming on the daily chart. Considering this company owns a little of everything, it is a very ominous sign for the global economy. Head and shoulder patterns are bearish patterns, predicting steep drops. The key break down level on Berkshire Hathaway is $111.00. If it takes out that level to the downside, $102.00 would be the next stop. Please note the chart below.
Chart with H&S pattern here: www.inthemoneystocks.com
Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com
Time for a test... lets hope it is positive... Accumulation up... check... MoMo up... check... major trend line test... check... For the past year every time it has hit this line it bounces... will we get confirmation today? If so I am adding to my position... Concerns around EMA lower than usual on tests... and Stoch looks negative...
Berkshire Hath Iron CondorBet -> Stock price remains beetween 120 & 105 for 34 trading days . (46 calendar days)
BTO 4 125 AUG Calls
STO 4 120 AUG Calls
STO 4 105 AUG Puts
BTO 4 100 AUG Puts
Upper Stop @ 119.40 ( .5% below short call)
Downward Stop @ 105.52 ( .5% above short put)
* for educational purposes only
