Disney announces at investor day that it will charge $6.99 per month for Disney+ and $69.99 for an annual subscription.
Have a great day all!
Boeing has peaked for now on the news that 20% production will be cut.
MSFT is 28% off the lows, I expect more upside to come, however, the opportunity has diminished. There are better positions to chase currently.
Careful with Facebook, although bullish I believe there is more downside to come first.
"Boeing Company (The) is expected* to report earnings on 04/24/2019 before market open." Boeing has more downside, however, at a certain price there is value!
Data out this month show slowing business activity & new orders relative to the prior month, compounded with an unexpected slowdown in wage growth, forecasting a pullback from here with a complete patterns is logic.
Disney is a longer-term position with an expected target of $170. Content distribution as the driver!
He who speaks of preference will win the 2020 elections.
Quick update on Boeing.
1 to 1 target for Wave 5 would complete somewhere around $2,940. At present there is no opportunities to buy or sell the S&P 500.
Crude has reached and surpassed our expected target of $61.60 for a reversal. Look for weakness into the close of day today.
We can see slight higher highs from here, however, I expect to see a reversal somewhere between the current price and $61.60
Todays IPO for LYFT was rather successful, suggesting that UBER could possibly top the $100bn mark. However, its too easy to get caught up in the noise, an IPO is an exit strategy!
Facebook continues to trade as expected however, the decline might be halted at the 50% Fibonacci based on how the current structure is unfolding.
The time to buy was last November/December, today you should be moving stops higher and protecting gains!
My concerns of anything more than a pullback are subsiding, Chinese PMI is in expansion once more which is confirming that the majority of poor economic performance is likely finished. Over the next 6 months we expecting to see hard data underperform, compounded with a rising dollar it is a headwind for equities.
Commodities are typically the last asset to peak during a cycle. We typically interest rates peak first, a couple of months later that followed by equities and a couple of months after equities we see commodities peak. Commodities such as crude oil, are part of the contraction phase in the cycle, the higher the price rises it begins to acts as a tax on consumers...