EzniteTrader

EzniteTrader

The inverted yield curve (3mo vs 10yr) predicted the COVID-19 recession

EzniteTrader

posting this mainly to just keep a record of it for the future this is the ETF for the intermediate term national municipal bond fund (VTEBX) (I think an intermediate term is more prudent because as yields rise, longer term bonds that were initiated within the past decade at our historically low rates will fall in value) at this time the all time high to the all...

EzniteTrader

Weekly chart Just threw a fib up there and drew some lines looks like we are in a long term pennant/wedge I would wait to see how we break out of this pattern

EzniteTrader

fib levels looking at places to add/start a position in this monster Tencent is a massive Chinese company that owns WeChat and a sizable portion of Fortnite among many other things Pretty confident that FB's data on Americans is nothing compared to the data WeChat has on Chinese people due to how much the "super app" is used.

EzniteTrader

posting this more to keep an eye on it might check to see if there is put sale premium, but this one has been on a run for a while and could definitely use some time to settle down

EzniteTrader

Monthly dividend payer - not too shabby buy low, sell high

EzniteTrader

See notes in the chart Unless we close above the high of today's candle soon (before the 2nd week of July) I think we chop around for a few more months most likely between 257 and 280 Fib lines are still down there (248 and below) from a previous SPY post of mine

EzniteTrader

if BILI starts to break lower it will probably at least go to 14.32

EzniteTrader

look for a SOGO bounce in the green zone

EzniteTrader

starting to plan the retracement on IQ planning to sell some puts on IQ at the first fib retracement will probably sell more if it goes lower will also buy some shares on the bounce too

EzniteTrader

with Trump and China going at each other with Tariffs this will probably sell off with the rest of the market I would just watch a bit for now on UA - it does seem like the downward trend could be broken so it might be a good to look for a place to buy, however their fundamentals kind of suck: www.finviz.com low sales Q/Q & high forward P/E ratio for a retail company

EzniteTrader Updated 

According to FINVIZ right now IQ has a short float of 87.8% That means of the shares that can be traded right now, 87.8% of them were short when FINVIZ updated that data that is a lot of shares short.... That is probably why that gap and go circled in green led to such a bullish run. right now it is at a price where it could possibly bounce, but I would not be...

EzniteTrader

From the public open price of NFLX to its all time low 139 days later it lost ~70% of its value (remember the numbers are lower because NFLX has had 2 stock splits in the past, once was a 2:1 and the other was a 7:1) After it started to recover from the dip, it consolidated under $0.70 It then broke out and retested that $0.70 level and that area circled in...

EzniteTrader

I am personally bullish on Chinese internet/tech companies longer term Just scoping out some zones where I could potentially add money into this investment I don't think we would actually get to the third buy zone, but I would most likely be loading the boat if we did Holdings: portfolios.morningstar.com

EzniteTrader

Entry 1 triggered, Entry 2 never triggered I didn't hold all the way until 34.26 but it made a lot of sense for people to sell there Now seeing how far this will pullback Current NAV is listed (Net Asset Value) - through 2015, 2016, and 2017 this fund traded at a discount to NAV meaning it was cheaper to buy this fund rather than buying the individual stocks...

EzniteTrader

people are looking at ZRX as a crypto to exchange different ERC20 tokens Looks like its at an area that it could bounce right about now

EzniteTrader

We have an established long term rising trend line (purple) We had a downward trend line (cyan) that we broke out of and retested Now there is an (orange) downward trend line that could lead to a nice push in SQ if we break above that green line area (probably a break out and retest) and I think we go at least into the all time high area

EzniteTrader

Look at that Fib retracement! (I drew those blue lines before doing the fib) we pulled down to the first Fib level (61.8% of the full wave) and if we break lower to the next level that will be the 248-250 range and the 50% retracement level