Basically stumbled upon a sequence of daily candles from June/July 2019 that looked identical to the 30-minute chart I was watching last night. I never use this timeframe and I also don't love watching tape until 1 AM, but today is an important day in terms of next month's direction. Conclusion: See comments below for evidence, or simply wait and see if my...
SPCFD:SPX According to a recently published study comparing the current S&P chart with a randomly selected 2019 time period from March to June*, there is a near-perfect correlation in candle height and form for this week's trend. Apparently, the key to understanding what will happen tomorrow in 30-min increments is based entirely on what happened then, spread...
Bristol-Myers Squibb says it has seen no major business disruptions and expects no decrease in global demand for its drugs this year. That means the 3.5% dividend yield should stay stable, and BMY is a great value at 1.3 PEG. BMY also just got FDA approval for a multiple sclerosis drug, which could turn out to be a pretty big deal. Most of the market has been...
Factset, an agency that polls analysts, released a newsletter today titled "S&P 500 NOW PROJECTED TO REPORT A YOY DECLINE IN EARNINGS IN Q1 2020." The newsletter shows that analyst estimates of S&P 500 earnings have fallen from an expected 7% growth rate in Q1 to an expected -0.1% growth rate, and they're still coming down. However, the newsletter also breaks...
So TradingView is showing the wrong price on this; it's 10.90 right now, having dipped with the rest of the market mid-day after a strong open due to a large earnings and revenue beat. SGC's PEG is 0.8, according to Zacks, and its dividend yield is nearly 4%. That makes it a really good value. Unfortunately SGC offered no guidance, but the earnings and revenue...
I'm uncertain what CURO will do tomorrow after its mixed earnings report, lowish sales guidance, and announcement of a share buyback and first-ever dividend. What I do believe is that the initiation of a dividend will be quite bullish for the stock in the medium-to-long-term. Stocks that initiate a dividend for the first time tend, over the next 6-12 months, to...
Alaska is rated the second-best Airline, according to the Wall Street Journal. It is extremely undervalued, with a PEG ratio of about 0.5. News has been extremely positive for Alaska lately. In terms of technicals, Alaska looks to be right above a volume support and ready to bounce. Another way to play Alaska earnings is to diversify risk by buying the JETS...
I've been adding to my Alexion position since December 9, when I posted my previous idea on this stock. The wait is finally paying off, as the stock has surged higher in the past couple days. Alexion is getting unusually bullish call activity today, and the interest is more than justified at this forward P/E of less than 10 and PEG ratio of less than 1. Alexion...
USDHKD Timeframe: 1D Direction: Short Confluences for Trade: - Pegged currency, strongly defended at 7.85 (Limited risk; any break above the 7.85 levels is gonna be a crisis issue) - Stochastic Overbought momentum - Not directly related but Double Top Resistance for the DXY, helps support the drop in USD strength Suggested Trade: Entry @ Area of...
For last dozen years the AU$-NZ$ correlates to CA$-US$. Coincidence, I'd think NZDAUD to be more like CADUSD. Thoughts? www.fxstreet.com
s STOP LOSS : 51 TAKE PROFIT : 49.65 Risk-reward : 46.42 Longer term trend: Bearish Current trend: Bullish General comments: PEG has been in a downward trend since Mid November. A bearish trendline was formed with 2 confirmed touches, and we are speculating on the third one - continuing the decline. What I like: 1) Trade is with the longer term trend,...
I posted the breakout of this from 100 on earnings and i think we are reaching the rebuy on this soon. Still undervalued compared to its peers and the case dismissal has helped them.
The good: Weekly chart bull flagging as we see coiling action in medium-term time frames. Higher-lows. Higher-high established. Fighting for next... The bad: 50 daily SMA is now acting as resistance. All moving averages are acting as resistance on daily. Bear volume still outpacing bulls on daily chart. Decision Point Round 3... not yet. Will update if I manage...
Since BTC is my primary peg on Binance (meaning I mostly trade xxxBTC altcoins and deem success if I gain in "BTC") its important to manage my peg-risk since my ultimate measure in success is measured in USD. It doesn't matter if my alt-coins run 100% gain on its BTC peg if BTC loses 90% of its real-world value. Analysis on chart :)
Swissie is effectively at the same level it was 2 years ago before the SNB dropped it's peg. Despite the volatility from that fallout price action has remained quite muted. I'm hoping to see a sustained breakout to the upside on the back of the strong dollar. Parallel channel lines fit nicely, so the potential is there. We'll need to see a weekly close above...