TGTD trade ideas
The Drop in Target Shares is a sign to buy Target & T-BondsNotice how Target tends to fall and signal a weak economy, which is picked up in the Bond market with falling rates (Bonds rise when rates fall - this is a chart of yields). There are 3 white-box areas that show the pattern. You can see it is a very reliable and useful pattern.
This time around, however, that signal is not transmitting through in the markets. There is a strong feeling that now is the time to borrow money and the world is out there aggressively selling T-Bonds now, which is also building up a huge short position in futures markets. Market commentators are talking about how big the short position is, but the reason it is there is because people believe interest rates are headed higher because of the Trump Administration.
What I think we should do is to buy $TGT here. Because this is a divergence this time and Target is oversold down into a level where there is significant support and volumes are slowing down and losing momentum as buyers absorb shares from the panicking sellers.
I view upside as the $70-$72 area in the next 3-6 months. I would consider selling calls at the $70 level to capture premium which is likely elevated due to recent volatility.
I'll do some fundamental valuation analysis next, but this chart is compelling enough to me to make me want to own Treasury Bonds and to also own Target shares, instead of holding onto cash.
Cheers.
Tim
$TGT 64.17 last
$TYX 2.99% last
January 23, 2017 11:45AM EST
$TGT Slammed. Here Is The Next Support To Buy It...Target Corporation (NYSE:TGT) took another beating today, falling over 5% after the company updated its fourth quarter guidance. Retail sales fell short and investors continue to run from every brick and mortar retailer. Many retailers like J.C. Penney (JCP), Macy's (M) and Sears Holdings (SHLD) are down over 30% in recent months. The sector is starting to look like a dead man walking or zombie. There is constant chatter about "real estate value', meaning investors are trying to justify the retailer valuation based on what their land is worth, essentially saying the retail brand has no value. This panic is getting overdone. While yes, more shoppers are shopping online, stores during Christmas were still packed. If anything, this massive sell gives investors like me a great opportunity to accumulate good companies on the cheap. In regards to Target Corporation, there is a major double bottom support level coming up at $66.00. I plan on picking some up there for a hard, strong bounce. I will be looking for a 5-10% bounce.
I post and verify every trade I take right here: verifiedinvesting.com
TARGET DA TARGETHoliday sales this November for Thanks giving would suck for sure. And also same for X-mas and New Year for Target.
TGT TARGET FROM 2015 July high $85 it is slowly trickling down. If you draw a line from that high to 2016 march high you will get a better clear picture. It may not get bankrupt but stock will be in a good position to buy if it breaks 2 support level either @ $52 or $47 range. A good target to buy would be sub $10
TGT: Nice uptrend continuation tradeTGT is offering a second chance to go long if you missed my call in the Key Hidden Levels chatroom, or if you are not one of my trading signals clients.
Go long at market, stop at 74.13 and aim for 79.81. Risk 0.5-1% per trade idea I post.
Cheers!
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Ivan Labrie
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Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Good entry for TargetNow is a good time to get into Target with little risk! It is near its weekly support of 66.46 and the major trend is still up. The major support on the monthy is around 61 so I would sell if it closes below 65.50 and repurchase at a price closer to 61.
My first price target is 72 within 4 weeks and my second target would be a continuation of the long-term trend which should soar past 84.
