NYSE:LLY reports this Thursday. The drop in early March to test the bottom of the uptrend was a great opportunity. Now it's at all time high, showing bearish divergence, and has a history of price reversals after earnings releases. I'll be looking for updates on their pipeline management, monjaro production and growth, and progress toward Alzheimer treatment....
COINBASE:BTCUSD has had a steady and impressive bounce back from the 4Q22 lows. I drew the majority of these trend lines in January and the price movement to find support and resistance within the upward and downward channels, and reversals at inflection points has played out with better precision than I could have hoped for. We can also see a relatively...
NYSE:MCD price is pretty far above the 34 and 50 day EMA and between the 1.272 and 1.414 fib extensions (blue boxes). That's where we've recently seen price movement become exhausted and reverse. I'm looking for areas in the green box ( HKEX:272 -284) for entries on a pullback.
NYSE:JPM Jamie Dimon is known for issuing dramatic market predictions. Should we listen? If you had entered the market on the day of any of these bold statements over the past three years you would be up or even right now.
The recent pullback for NYSE:DE looks tempting, but I'm not adding right now. I will monitor price until we get in between the FOMC and earnings in May. I'm eying anything between 347-360 as a strong opportunity to accumulate. DE is a core holding for me. They have strong dividend growth, low payout ratio, and a strong history of earnings beats. They are a...
Publishing an update to an unsuccessful projection with NYSE:NEP last month. It was sitting at the 200MA and it's most recent drawdown had triggered a fear signal. These are less common in the utilities sector, which made it look like a decent contrarian opportunity. Throughout the remainder of March we saw a rotation out of safety sectors like utilities and...
Throughout 2022 you would have done VERY well taking profit when the TVC:VIX hit 20 and accumulating when the VIX hit 30. But has this trend concluded? This movement and profit/accumulation opportunity is consistent with the most recent tightening from 2017 to 2018 where fed funds were rising, and the yield for 2 year treasuries in the bond market exceeded fed...
What is your gameplan as the Litecoin halving event draws nearer? Litecoin has performed well this year, but the upcoming halving event hasn't received significant attention yet. Litecoin is one of the oldest and most well-established cryptocurrencies. Like bitcoin, it uses a proof of work consensus system, is decentralized, and did not have an initial coin...
Since the ATH last April NASDAQ:COST has been beaten up after earnings. It has dropped 5-10% from the close prior to earnings to hit a post earnings low within 3-4 weeks before recovering to resistance at the descending trendline. The green upward trendline aligns to the bottom of the overall trend for the past few years. Consolidation patterns like these...
Here is a look at IIPR on the weekly chart. It's possible that we're at the deepest value that we'll see, but it's possible that we'll see opportunities between $70-75 in a downtrend that could extend from July to September. It's interesting to see how consistently it's experienced turning points on the fib time zone. I rarely plot fib time zones because they...