#$mro

[dragonflycap]

4 Trade Ideas for Marathon Oil: Bonus Idea

Marathon Oil, $MRO, comes into the week breaking resistance in a Cup and Handle. The target out of the pattern is a move to 34.50. The Bollinger Bands® have widened to allow a move and appear to be opening higher now. The RSI is rising into the bullish zone with the MACD crossing to positive as it rises. There is resistance at 28.25 and 29.25 then 31.25 and 32.50 before going back to 2014 to find it at 34 and 35.50 then 37 and 38. Support lower is at 27.50 and 26.75 then 26. Short interest is low at 2%. The stock pays a dividend with an annual yield of 1.43% and has traded ex-dividend since August 15th. 

The company is expected to report earnings next on November 1st. The October options chain shows biggest open interest from 25.50 to 23 on the put side and spread from 26 to 30, biggest at 26, on the call side. The November 3 Expiry chain, covering the earnings report, is light on open interest outside of the 25.50 strike on the call side. The November chain has biggest open interest at the 22 strike on the put side and the 27 and 24 strikes on the call side. Finally, the January chain has biggest open interest at the 22 then 20 put strikes, and on the call side at the 27 strike then 22 and 30.

Marathon Oil, Ticker: $MRO

Trade Idea 1: Buy the stock on a move over 28.25 with a stop at 26.75.

Trade Idea 2: Buy the stock on a move over 28.25 and add a November 3 Expiry 27/25.50 Put Spread (40 cents) while selling the January 35 Call (40 cents).

Trade Idea 3: Buy the November 3 Expiry/January 30 Call Calendar ($1.10) while selling the November 26 Put (55 cents).

Trade Idea 4: Buy January 24/30/35 Call Spread Risk Reversal (45 cents).

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After reviewing over 1,000 charts, I have found some good setups for the week. These were selected and should be viewed in the context of the broad Market Macro picture reviewed Friday which heading into the heart of earnings season, saw equity markets show early strength but get spooked at the end of the week, giving up most or all of their gains.

Elsewhere look for Gold to continue its possible reversal to the upside while Crude Oil drives higher as well. The US Dollar Index looks to continue to move to the upside while US Treasuries settle in their uptrend. The Shanghai Composite looks to continue lower while Emerging Markets consolidate over long term support.

The Volatility Index looks to remain low but with a bias higher, making the path more difficult for equity markets to the upside. Their charts look weak on the shorter timeframe with late week reversals from lower highs continuing short term downtrends. On the longer timeframe both the QQQ and SPY are holding in bullish ranges with momentum gauges reset and ready to move back higher. The IWM continues in consolidation on that timeframe though. Use this information as you prepare for the coming week and trad’em well.

[dragonflycap]

5 Trade Ideas for Monday: Air Products, CF, Costco, LPL and Marathon Oil

5 Trade ideas excerpted from the detailed analysis and plan for premium subscribers:

Air Products and Chemicals, Ticker: $APD

Air Products and Chemicals, $APD, comes into the week approaching resistance. It has a RSI in the bullish zone with the MACD positive and rising. Look for a break of resistance to participate…..

CF Industries, Ticker: $CF

CF Industries, $CF, comes into the week approaching resistance. It has a RSI in the bullish zone with the MACD positive and climbing. Look for a break over resistance to participate…..

Costco, Ticker: $COST

Costco, $COST, comes into the week approaching resistance. It has a RSI rising towards the bullish zone with the MACD about to turn positive. Look for a push over resistance to participate…..

LPL Financial, Ticker: $LPLA

LPL Financial, $LPLA, comes into the week after breaking resistance. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…..

Marathon Oil, Ticker: $MRO

Marathon Oil, $MRO, comes into the week at resistance. It has a RSI in the bullish zone with the MACD positive. Look for a push over resistance to participate…..

If you like what you see sign up for more ideas and deeper analysis using this Get Premium link.  

After reviewing over 1,000 charts, I have found some good setups for the week. These were selected and should be viewed in the context of the broad Market Macro picture reviewed Friday which heading into the September options expiration, sees equity markets showing some exhaustion after a promising move higher the prior week.

Elsewhere look for Gold to continue its pullback while Crude Oil continues to move higher in a break out. The US Dollar Index continues to move to the upside while US Treasuries continue their pullback. The Shanghai Composite looks to continue to move lower while Emerging Markets consolidate in a range.

The Volatility Index looks to remain low making the path easier for equity markets to the upside. Their charts look strong still on the longer timeframe. On the shorter timeframe both the QQQ and SPY have put in lower highs on the bounce, and this gives some pause. The IWM continues to wallow in broad consolidation on both timeframes. Use this information as you prepare for the coming week and trad’em well.

[dragonflycap]

5 Trade Ideas for Monday: eBay, Gilead, Marathon Oil, Block and Valero

5 Trade ideas excerpted from the detailed analysis and plan for premium subscribers:

eBay, Ticker: $EBAY

eBay, $EBAY, comes into the week at resistance. It has a RSI in the bullish zone and MACD positive. Look for a push over resistance to participate…..

Gilead Sciences, Ticker: $GILD

Gilead Sciences, $GILD, comes into the week falling to support. It has a RSI on the edge of the bearish zone with the MACD negative. Look for a drop through support to participate…..

Marathon Oil, Ticker: $MRO

Marathon Oil, $MRO, comes into the week moving toward resistance. It has a RSI rising with the MACD negative but rising. Look for a push over resistance to participate…..

Block, Ticker: $SQ

Block, $SQ, comes into the week at a 5 month high. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…..

Valero Energy, Ticker: $VLO

Valero Energy, $VLO, comes into the week approaching the June high. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…..

If you like what you see sign up for more ideas and deeper analysis using this Get Premium link.  

After reviewing over 1,000 charts, I have found some good setups for the week. These were selected and should be viewed in the context of the broad Market Macro picture reviewed Friday which with January options expiration in the books, saw equity markets showed resilience overcoming a strong move lower midweek.

Elsewhere look for Gold to continue its uptrend while Crude Oil consolidates in a tight range. The US Dollar Index continues to drift to the downside while US Treasuries are trying to mount a short term uptrend. The Shanghai Composite is in a short term uptrend while Emerging Markets continue their trend higher.

The Volatility Index looks to remain stable in the normal range making the path easier for equity markets to the upside. Their charts also look strong on the shorter timeframe with the SPY, the QQQ and the IWM all approaching resistance. On the longer timeframe both the SPY and the QQQ are nearing a long term trend breakout with the IWM near a 5 month breakout. Use this information as you prepare for the coming week and trad’em well.

[dragonflycap]

5 Trade Ideas for Monday: Alexion Pharmaceuticals, Ashland, Lowe’s, Marathon Oil and Uber

5 Trade ideas excerpted from the detailed analysis and plan for premium subscribers:

Alexion Pharmaceuticals, Ticker: $ALXN

Alexion Pharmaceuticals, $ALXN, started lower in January, accelerated into February and made a bottom in mid-March. It has steadily moved higher since and is now challenging resistance at the 200 day SMA. The RSI is rising in the bullish zone with the MACD rising and positive. Look for a push over resistance to participate…..

Ashland, Ticker: $ASH

Ashland, $ASH, dropped out consolidation in February and found a bottom in mid-March. It has reversed since and is now working back toward resistance. The RSI is turning up towards the bullish zone with the MACD rising and positive. Look for a push over resistance to participate…..

Lowe’s, Ticker: $LOW

Lowe’s, $LOW, started lower in February, finding support in the middle of March. It reversed higher and continued until early April. Since then it has settled under resistance. The RSI is rising into the bullish zone with the MACD positive and moving higher. Look for a push over resistance to participate…..

Marathon Oil, Ticker: $MRO

Marathon Oil, $MRO, started to roll over lower in January. It got faster in February and then gapped down in the beginning of March. It has settles into consolidation since. Friday it peeked up over the top of the consolidation. It has a RSI rising into the bullish zone with the MACD about to turn positive. Look for a push over resistance to participate…..

Uber, Ticker: $UBER

Uber, $UBER, dropped lower from mid-February through to mid-March. It bounced from there with a quick move up to the 20 day SMA. It stalled and pulled back for a short time before running back up to resistance and consolidating. Friday it pushed over that resistance. The RSI is rising into the bullish zone with the MACD positive and moving up. Look for continuation to participate…..

If you like what you see sign up for more ideas and deeper analysis using this Get Premium link.  

After reviewing over 1,000 charts, I have found some good setups for the week.  These were selected and should be viewed in the context of the broad Market Macro picture reviewed Friday which heading into the last week of April, saw equity markets showed resilience, holding up in the face of a massive move in Crude Oil.

Elsewhere look for Gold to continue higher while Crude Oil may be pausing in the downtrend. The US Dollar Index continues to tighten its consolidation while US Treasuries remain in an uptrend. The Shanghai Composite looks to continue in broad consolidation while Emerging Markets pause in their short term uptrend.

The Volatility Index looks to remain elevated but continuing to move lower, making the path easier for equity markets to the upside. Their charts have hit the pause button on the shorter timeframe. On the longer timeframe the QQQ remains the strongest and has erased more of the drop than the SPY and IWM even less. All 3 are stalled at key retracement levels with the QQQ at a 61.8% retracement, the SPY 50%, and the IWM 38.2%. Use this information as you prepare for the coming week and trad’em well.

[abrcapfinancial-blog]

$MRO 2018-05-06 : Transcripts- Edited Transcript of MRO earnings conference call

$MRO 2018-05-06 : Transcripts- Edited Transcript of MRO earnings conference call

[s2If !current_user_can(access_s2member_level0)] Please login to read the transcript. [lwa] [/s2If][s2If current_user_can(access_s2member_level0)]”

Q1 2018 Marathon Oil Corp Earnings Call

HOUSTON May 7, 2018 (Thomson StreetEvents) — Edited Transcript of Marathon Oil Corp earnings conference call or presentation Thursday, May 3, 2018 at 1:00:00pm GMT

TEXT version of Transcript

===============…

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[abrcapfinancial-blog]

EARNING UPDATE $MRO Marathon Oil Corporation for quarter ending q_Dec17 - Revenue grew, Margins expanded

EARNING UPDATE $MRO Marathon Oil Corporation for quarter ending q_Dec17 – Revenue grew, Margins expanded

[s2If !current_user_can(access_s2member_level0)]Please login to read the earning update on MRO [lwa][/s2If][s2If current_user_can(access_s2member_level0)]Marathon Oil Corporation reported earnings (EPS) of -0.03 per share for the quarter ending q_Dec17. This is vis-vis -0.70 per share for the previous quarter ending q_Sep17, a growth of 95.7 %. Compared to last year same quarter (q_Dec16),…

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[dragonflycap]

5 Trade Ideas for Monday:  Assembly Biosciences, Comerica, Marathon Oil, ServiceNow & Toronto-Dominion

5 Trade ideas excerpted from the detailed analysis and plan for premium subscribers:

Assembly Biosciences, Ticker: $ASMB

Assembly Biosciences, $ASMB, started up out of consolidation late last year. It took a couple of steps up before settling into another consolidation in March that lasted until the end of August. The move higher from there met resistance in October and pulled back then reversed and is back at the prior high coming into the week. The RSI is rising and bullish and the MACD moving up. Look for a push to a new high to participate.....

Comerica, Ticker: $CMA

Comerica, $CMA, started higher off of a low in September. It paused as it hit a new high in October and then jumped again. It met resistance and pulled back in November to the 50 day SMA and then reversed higher. Now it is back at the high coming into the week. The RSI is rising and the MACD is about to cross up, supporting more upside. Look for a push higher to participate.....

Marathon Oil, Ticker: $MRO

Marathon Oil, $MRO, made a high in December and then pulled back for the next 6 months. It had a failed bounce in July and then made a lower low in August, before rising in a move that is sticking. It started to pullback from a top earlier this month and then reversed to close the past week. The RSI is reversing higher as well and the MACD is slowing its descent and leveling. Look for continuation to participate higher.....

ServiceNow, Ticker: $NOW

ServiceNow, $NOW, started higher off of its 200 day SMA at the beginning of the year. The initial move failed in February and it pulled back to a low in April. From there is has steadily trended higher. In the short term, it enters the week consolidating under resistance with tight Bollinger Bands®. The RSI has turned higher and the MACD is trying to cross up. Look for a push over resistance to participate.....

Toronto-Dominion Bank, Ticker: $TD

Toronto-Dominion Bank, $TD, started moving higher in May, breaking a downtrend in June. It had an interim peak in July before a mild pullback and a new run higher that stalled in October. Since then it has been consolidating as it draws to the rising 20 day SMA. The RSI is bullish and the MACD trying to turn up. Look for a push to a new high to participate.....

After reviewing over 1,000 charts, I have found some good setups for the week. These were selected and should be viewed in the context of the broad Market Macro picture reviewed Friday which with November options expiration behind sees the markets driving into the shortened Thanksgiving week with a changing of the guard to the small caps.

Elsewhere look for Gold to continue in its uptrend while Crude Oil works through short term resistance. The US Dollar Index pauses in its short term uptrend while US Treasuries consolidate. The Shanghai Composite is taking a breather in its uptrend and Emerging Markets are consolidating their move higher.

Volatility looks to remain very low keeping the bias higher for the equity index ETF's SPY, IWM and QQQ. On the shorter timeframe the IWM is now taking the lead as the SPY and QQQ consolidate. In the longer frame they still need to prove themselves a leader as the QQQ and SPY mark time. Use this information as you prepare for the coming week and trad'em well.

[alphaattribution]

Above the Crowd – Positioning for Today’s Hedge Fund Holdings Release

It's time to take a peek under the hood of hedge fund managers' portfolios. Once a quarter, hedge funds disclose their quarter-end long positions through 13-F filings, and today is the deadline. These filings offer a timely, telling perspective on the decisions managers have made and clues on where the smart money might be headed. But it's not enough to look through the 13-F filings on their own. Just reading the holdings and hoping to follow a few favorite managers into their top positions is a recipe for disaster. Instead, sophisticated investors cut the data and couple it with their own research. One popular way to look at the data is through hedge fund crowding. Crowding analysis looks at the concentration of hedge fund ownership throughout the equity universe. But rather than just looking at which positions have the highest hedge fund ownership, why not look at the positions that aren't yet considered crowded but have seen the largest increases in hedge fund ownership? That's where the smart money is headed, right? The Symmetric.io security screener provides a quick glimpse into exactly this. It shows the most crowded trades, but it also digs into which trades are just starting to get crowded, while controlling for market cap and other factors, as well. The screen-grab below filters for positions that have at least $5b in institutional ownership and have less than 15% of hedge fund ownership, so these are reasonably large, liquid positions that are not quite crowded enough to raise any flags. The final results are sorted by the arithmetic increase in hedge fund concentration. The top five positions that have increased the most in terms of crowding are Seagate Technology (STX), Marathon Oil Corp (MRO), Michaels Companies (MIK), L-3 Communications Holdings (LLL), and Symantec Corp. (SYMC). These are the positions that, as of the end of Q2, had increased the most in terms of hedge fund crowding, had a minimum of $5b in institutional ownership, and were still below the radar -- as in, they weren't flagged as crowded trades. How did these positions do? Well, we charted them to see how they performed as of the filing date. It's the date at which they disclosed the position to the SEC, so the holdings would have been available to anyone willing to do the analysis. From that time to today, the S&P 500 (SPY) is up 6.78%. Four out of the five positions that met our criteria are up more than the S&P 500. On a equal-weighted basis, the basket of five positions is up 21.16%. Naturally, these returns have been calculated ex post, and there's no way of know of know how this strategy will perform in the coming quarter. It could reverse entirely, after all. Nonetheless, the data comes out today, and the full Symmetric Hedge Fund Rankings, reports, and analytical framework will be available for analysis tomorrow at Symmetric.io. What will the next five names be?       As always, the information contained herein does not constitute an offer to sell or a solicitation of an offer to purchase any securities and is not intended to provide investment advice. Before investing in any investment product you should consult with your financial, tax and/or legal advisors.