Compared with the rest of the Nasdaq, the retracement off the high earlier this year is essentially non-existent.
Moonish to 900 price, locked it in today. Potential mid-week catalyst if TSM beats its quarterly as well. Either way its moonish.
Capital One is a well-known banking-focused financial services company that has improved its operations a bit as of late. Their earnings have been better than in years past and I'm super happy for them.
What they have not done: anything that warrants any part of the recent eye-popping share price appreciation. The real value that I see in Capital One's current...
Am reasonably confident that 22k will come faster than most people can imagine.
It could even get there by tomorrow. If it doesn't, which is equally as likely as it does, it will take a few more days.
If it trades to a new high from here, the worst that happens is that I look foolish in front of many people.
This is a very asymmetric trade setup with nearly blue skies to 100 if it can catch some momentum in the coming sessions.
We also have a nice little fractal that shows us the path upward, should we break 49.
I would not front-run this one and would wait for 50+ daily close before a serious entry. With this level of confirmation in pocket, I'll be taking a rather...
This is not a pig play, so not going to talk fundamental picture and all of the technical methods used above to derive the price/date targets.
This company is not one that I'd use, nor is it categorically even close to my wheelhouse of industry knowledge. However, I do know how to read an income statement and a balance sheet and BOOT possesses a "Top-3-All-Time"...
Ever find yourself agreeing with someone who complains about rampant market manipulation, even though you don't really know how it happens or where it comes from? If so, do not feel embarrassed; the person complaining about it probably doesn't know either.
The truth is that the practice is so blatant and routine these days that it hides in plain sight. That, or...
Had some (too much) time today while waiting for this short to materialize.
This is the result.
Short it now then launch it to outer space later.
Just following up with the prior AAPL idea linked below that demonstrated just how silly a mid-range daily shooting star can be in a pattern like this one.
The count above is on the weekly timeframe, which means any "minor" break of that basic upward trendline cannot be ignored. Thus, we cannot ignore the thrice-broken trendline as the price action tops along...
Royal Gold Inc. is now positioned for the holy grail of bullish baggers. The bags on this trade are so big that I had to steal a pot from some greedy leprechaun in order to fit all the potential gains in one location. For a visual perspective of the potential gainz on this trade, see the upper-right-hand part of the chart for the 'Pig Pot'.
I also sometimes keep...
Here's the simplest way to play crypto over the next few months and still make money:
1st Simplest Profitable Crypto Setup into 2022:
Here's the second simplest and probably worth the non-existent risk at these levels:
No doubt some people out there believe that decentralized...
Been a while since I posted a pig play. This is mainly because I have been waiting patiently for markets to pullback or crash for months now. While I have posted some short plays, this market is being propped up on hot air and it has become clear that trading should be done sparingly until this topping nonsense comes to an end.
Meanwhile, I have many ideas for...
Dow Jones Industrial Average is overbought. I can tell without using RSI or any other momentum indicator. Thus, we have our short setup for this week.
The ellipses point towards a very steep angle down, which could serve as a prime example for how far it can move vertically downward on peak selling. This can be very useful when measuring subsequent projected...
Part I. - Opening Statements:
Two things that I like about Starbucks:
1) The coffee is pretty good and the holiday special drinks are amusing
2) Much more importantly, SBUX has some of the most reliably clean bathrooms among all public places
Two things that I dislike about Starbucks:
1) Their naming convention for beverage sizes is illogical and...
If you find squaring a circle to be a time-consuming task, try it in three dimensions while waiting for the short squeeze (surprise!) on the Nasdaq futures. This is an attempt at "cubing the sphere." We will know whether it is correct by closely the price action follows the swirly pink path.
It has been proposed that price action actually manifests in four...
Made this call a while back when the entry was about 0.00001% as good as this one. Had you entered, you'd likely be a pissed-off pig.
That is, until now.
Long gold for 6k+.
I'm not suggesting here that the broader equity market is going to violently sell-off soon or anything like that. I figure that posting an idea on such a scenario might be useful just in case volatility picks up a few knots with some foreseeable seasonal headwinds.
Also, the broader equity market is probably going to sell off soon.
Now that the possibility of...
Disclaimer: These dates assume a timestamp of March 7, 2022, which means that this sequence only holds if there is a panic selloff between now and March 20th, 2022. In other words, the number of years back is calculated using tomorrow as a starting point and working backward towards these historic lows. If there is no selloff, then the timestamp used is arbitrary...
This is an interesting daily candle pattern we have here. Typically, shooting stars denote the top of a trend within the upper range of the wick.
And that's why this is a silly shooting star. As you can see on the left part of the chart (parabolic curve), there are some examples of shooting stars appearing all along the way. However, these are only sort of silly...