From early 2017 to March of 2019 Boeing went soaring to almost 3 times the price from $150 to $440, but why? People were traveling more than ever, planes needed to be replaced, new technology was increasing profit margins. There were numerous reasons to be long transportation stocks, especially Boeing. Boeing was king and had the shiniest bike on the block. Every...
Everyone was hyped about NVDA/MetaVerse news, but as we have seen over the last couple of months is that it was just that: hype. NVDA is a great company and has come a long way, however, fundamentals and fibs show me that this stock has more selling off in it's future. I expect NVDA to try to test resistance at $250 which is where I will be looking at an entry to...
Analysts predict that ServiceNow can whether any economic conditions, but let's be realistic... NOW has one of the HIGHEST P/E ratios of any stock I follow and if it can't break above resistance which is around 562, I see this stock plummeting to under $400 real fast. I bought PUTS this morning as NOW was approaching $542. I'm comfortable if NOW reaches 562,...
SPY and SPX have respected the downward channel and I'm shorting the S&P. I'm also expecting CAT to botch earnings. My target for the SPX is 4047 which is the 4.236 fib retracement. After that, expect a relief rally to the upside for wave 2 up before the S&P flushes back down for wave 3. Not financial advice
DEERE has sky rocketed for the last two years and more than doubled it's pre-COVID highs, but it hasn't doubled it's earnings? As I've been monitoring stocks in this sector, one thing is quite common of many of them - high P/E ratios. Deere is looking awfully lofty for it's valuation and I feel as if Deere is up here wondering "how in the Ford F-150 did I end up...
Two scenarios could unfold: 1. If BTC can't hold the channel it's currently in, BTC could potentially fall to $10k whic would be the 4.236 fib retracement. I think this scenario is very likely, because if the equity markets correct sharply over the next few months, investors will run from crypto in fear as well. 2. If BTC can hold the channel, expect BTC to hit...
TLRY has hit my quadruple layered fib retracement target. It may continue to sell down to mid $3, but I will start dollar cost averaging at these prices. Not financial advice
Boeing missed earnings and it wasn't even close. Follow the chart and draw the lines on your own chart. Once BA falls below that line, expect a fall to the 3.618 fib retracement level ($155). And @ktaba in the words of the Ukuk-hai from LOTR, "MEATS BACK ON THE MENU, BOYS!"
From articles I have been reading, investment banks are considering that JPOW will wait until March to raise interest rates and are not changing their exposure on equities. I have longed believed that when the Fed decides to do something it's almost always at the worst possible time. Waiting until March would continue my belief in that theory as well as it would...
I've seen a lot of users on here recommending their followers go long on ROKU and unfortunately anyone who followed their ideas lost a lot of money. You can't seem to reason with these permabulls either. Anyone who longed anything over the last 13 years would have surely made money and now have blind confidence in themselves. Not many of these users on this...
The S&P has seen a lot of selling over the 11 days, but it's not over yet. In terms of an EW point of view, we hit the bottom of wave 3 of wave 1 down and reversed back up for wave 4. We may see some more buying tomorrow, but it will likely be short lived as we will likely see a final wave 5 down which will go as low or lower than wave 3 (4200). I'm looking at...
The S&P has seen a lot of selling over the 11 days, but it's not over yet. In terms of an EW point of view, we hit the bottom of wave 3 of wave 1 down and reversed back up for wave 4. We may see some more buying tomorrow, but it will likely be short lived as we will likely see a final wave 5 down which will go as low or lower than wave 3 (4200). I'm looking at...
NFLX is on a trajectory to the downside with no sign in sight for filling the gap. Following yearly supports dating back to Dec 2018, NFLX is currently on it's way down to this support. The fib retracements show us $364 and $336 as next targets with end target being $308. After this support is hit, I will reevaluate it's trajectory. Not financial advice
I like everything about OGN, but the most important aspect of this company is it's incredibly low P/E compared to growth. With this IPO'ing last year, I don't think investors have had enough time to grasp the potential growth of this company. Or perhaps not enough investors are following along. Either way, I feel like we have a gold mine on our hands. I loaded up...
ATVI is getting acquired by MSFT which caused an explosion in stock price and now has created a double gap fill opportunity. Puts are incredibly cheap for 3 weeks out. Expecting a move to $74 in the near term. Not financial advice
NIO has several gaps to fill, but I'll focus on the first one before I consider the two at under $10. First target is $16. High P/E and sales growth not convincing me that this is going up any time soon. Not financial advice
VXX has two gaps to fill, the highest being at $103. My target is $180 which is where the descending Fib Retracement began and historically where each major upward move returned to. Not financial advice
As NFLX skunked earnings, a lesson to all traders out there (experts and novices), stop leading people blindly with your "confidence". One thing to know as to why NFLX "biffed" earnings is because even though they matched expectations you failed to realize the NFLX hasn't posted spectacular earnings in 3 quarters. Heck, for you Robinhood traders you can even see a...