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GE General Electric looks bullish with this continuation pattern. We can see a 2 falling wedges within a falling wedge. Check out my Youtube Page for more details on the markets I covered GE recently in a video. The fundamentals look pretty solid as well this one should do well short and long term.
Ethereum is facing strong resistance between $1200 - $1233. I expect it to trade sideways a bit until it breaks out to retest its recent high of $1350. A retest of $1350 should push it to and above its ATH (All time high) quickly since institutions seem to be running out of ETH. Happy Trading!!
#Bitcoin is ready to confirm an ascending channel. The low RSI and the MACD formation all seem to agree that we are ready for the next move upwards. Watch for a bounce off of $3700 to confirm its move upwards. Happy Trading!!
#BTC #Crypto #Cryptocurrencies
Just wanted to share my thoughts and help take some of the fear out of the markets. We should expect things to trade in there normal business cycles and I think BTC and ETH are trading very reliably right now. I believe in the long run that ETH will out perform BTC in terms of multiple gains from here to the end of the cycle and now is a great time to...
Warren Buffett need I say more. BRK.B is trading on towards the middle of its long term support line in blue and towards the top of its short term channel in orange. I start to get interested in buying again if it touches the bottom orange line and would be a strong buy if it touches the bottom blue line.
I am currently holding 9/11 $212.5 Calls
Ford looks like a buy here trading at the bottom of its channel. Ford was a better performing in the past when the gov bailed out the autos. Ford continues to be a leader with its new business model of pre purchasing. Defund the police could cause privately run law enforcement to purchase vehicles also.
Kohl’s will be one of the winners in its category. School shopping should boost sales. People are starting to ease up about social distancing. Kohl’s also has some agreements with Amazon and I could see them doing even more together in the future.