GrubHub Soars Against Stock Market Decline 2-9-18

GrubHub Soars Against Stock Market Decline 2-9-18

GrubHub Soars Against Stock Market Decline 2-9-18

Grubhub Soars On New Yum Brands Deal, Quarterly Earnings Beat

Grubhub (GRUB) shares skyrocketed Thursday after it announced a new partnership with fast-food behemoth Yum Brands (YUM) — the parent of Taco Bell, KFC and Pizza Hut — and reported better-than-expected fourth-quarter earnings.

Grubhub shares soared by 27.4% to close at 89.04 on the stock market today, blasting above its 50-day moving average. Already the leading provider of online ordering and food delivery services, Grubhub now will be the exclusive online delivery partner for Yum Brands’ Taco Bell and KFC under their deal.

investors.com/grubhub-soars

Grubhub Serves Up Another Four-Star Quarter

Grubhub (NYSE:GRUB) already had plenty to celebrate coming into its fourth-quarter report.

The stock jumped 91% last year, by far its best performance since going public in 2014 as the restaurant takeout marketplace made savvy moves like forming a strategic partnership with Yelp and acquiring Eat24 from the review platform as well as making other smaller acquisitions.

Over the year, the company also delivered strong revenue and profit growth as it gained scale, leveraged its new delivery business, and defended itself against threats from the likes of Amazon.com and Uber.

fool.com/grubhub

GRUB GrubHub Chart 2-9-18

GRUB GrubHub Chart 2-9-18

Trading Lesson

A Safe Way to Trade Increased Volatility

There is s very low risk, conservative way to trade this massive change in volatility. It’s a short term signal most trades ignore, but it’s a powerful one.

It doesn’t matter if you’re day trading, swing trading or position trading. It’s the indicator “change from the open.”

This is different from the normal net change most of us use. Net change is the change from the previous close. 

Change from the open is the last price compared to the open of the current candlestick you are watching. It is the most recent order flow. The most recent buying and selling pressure.

So the the most recent price action, if your favorite stock was in long-term bullish order flow, but trading below the open on the daily chart, you would not look to buy until “change from the open” turn positive.

When combined with net change, you have a powerful, simple system.

You can use it on any time frame candlestick. Give it a try. You’ll be surprised how effective it is.

Pete

Cryptocurrency Investing

Bitcoin Chart BTC USD 2-9-18

Bitcoin Chart BTC USD 2-9-18

Today's Trade of the Day | 9-26-17

Is It Too Late To Make Your Fortune In Cryptocurrency ICOs?

We’ve all heard it a hundred times: if you bought one Bitcoin for yourself for a December 2012 Christmas present, thinking, “Why not, the Mayan calendar ends and we are all going to die,” you would have forked over a meaningless $13.

And for that measly $13, your single Bitcoin would be worth around $8,000 today. That’s just Bitcoin. What about all these other cryptocurrencies? How rich would you be today if you sunk $10,000 in one of these start-ups issuing new digital coins out of nowhere?

There are literally hundreds of them. Coinmarketcap lists 1,510 to be exact. Most are tied to new tech start-ups issuing their own coins.

forbes.com/cryptocurrency-icos

TWTR Twitter Chart 2-9-18

TWTR Twitter Chart 2-9-18

TWTR Twitter Inc exploded after earnings and traded into a key moving average. Expecting the stock market to bounce and the stock price of witter to follow. Game planning a new swing trade long with a $30.75 buy stop to trigger the entry. Initial profit target comes in at $34.50. Stop loss on a close below $30.60.

SPY ETF Chart 2-9-18

SPY ETF Chart 2-9-18

HEADLINE NEWS

UPS, FedEx Sink As Bezos Launches “Shipping With Amazon”
https://www.zerohedge.com/news/2018-02-09/ups-fedex-sink-bezos-launches-shipping-amazon

This Bull Thinks Tesla’s Still Charging, Expects Further Slowdown In Model 3 Rollouts
https://www.benzinga.com/analyst-ratings/analyst-color/18/02/11156771/this-bull-thinks-teslas-still-charging-expects-further-

What the new tax law will do to your mortgage interest deduction
https://www.marketwatch.com/story/what-the-new-tax-law-will-do-to-your-mortgage-interest-deduction-2018-02-09

The market sell-off is only ‘shocking’ because investors got used to smooth sailing
https://www.cnbc.com/2018/02/08/us-stock-market-sell-off-volatility-signals-risk-in-stocks-expert-says.html

Twitter’s Analysis Paralysis Imperils a Nascent Turnaround
https://www.bloomberg.com//news/articles/2018-02-09/twitter-s-analysis-paralysis-imperils-a-nascent-turnaround

Why The Stock Market Sold Off, And What You Should Do Now
https://www.investors.com/news/stock-market-correction-what-to-do/

S&P 500 Heatmap

SP 500 Heatmap 2-9-18

SP 500 Heatmap 2-9-18

Stocks to Trade | Friday Edition 2-9-18

MOMENTUM

Bullish Momentum: LITE

Bearish Momentum: kors, car, tsla, cc, all, cof, axp, dfs, clr, crm, aal, cat, hd, atvi, msft, cf, cvs, nvda, dal, v, de, mu, nke, fb, csx, bidu, hal, jpm, pypl, mmm, wdc, gs, c, unh, ibm, mcd, ostk, luv, adbe, baba, hon, utx, dis

Bullish Order Flow: NFLX, HCA, NKTR, AMZN, KSS, EA, TGT, MA

Bearish Order Flow: slca, dvmt, eqt, scg, lrcx, bidu amat, xlnx, ups, apa, cern, avgo, lly, celg, xom, pg, khc,
eix, pm

Double Normal Volume: TWTR, MSFT, XOM, BMY, VIAB, TXN, PM, KHC, MCHP, LLY, TTWO, KORS, ICE, OMC, ALL, CAR, EXPE, A

Inside Days: trip, xel, cien, mon, dks, hrb

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About the Author

Pete is a full-time trader and mentor since 2000. Author of Equity Trader 101 and the Order Flow Method. He is dedicated to help self-directed traders to bust through the six-figure level.

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