PreferredStonk

PreferredStonk

How long will the oil boom last? How much of an impact will Russian isolation have on the oil market and overall inflation? Biden has been cool to the Saudi's since he took office, after Trump cultivated an unusually close relationship with them. Unlike Biden, Trump seemed to have a predatory view of oil prices. I mean, he would do whatever it took to keep gas...

02:06

PreferredStonk

Looks like SLQT is providing a good entry point, near historic lows, and a long upside according to point of control. The next earnings are bound to bring us some volatility and possibly a catalyst. I'm in it with November calls as of today. My biggest concern is overall market fundamentals and the fact that I have to keep my position relatively small. Not...

PreferredStonk

In the liquidity exuberance of early April did you notice that the SPY forgot to print a certain price range? I can't spot a more glaring gap in the dailies than that. With the 50ema coming back into play we might fill this gap at around $400. If it bounces without doing that, then maybe don't trust it. All gaps must fill. The deviation between the larger emas...

PreferredStonk Updated 

If you think the bond threat is over; it's not. It's you think the chopping is done; it ain't. It's puzzling to me that the bond market hears another 2 trillion is going out the door and it's complacent with that. I guess because it's all "paid for" by 2 trillion in taxes over 15 years (it won't be). Meanwhile, the market hears that corporate taxes are going up...

PreferredStonk

If any of you are up for a gamble, this is a good play for a short position / long puts. AZO has had a monster rally and is starting to wind back to some pre-pandemic support levels I believe. Now this is a good company, but the stock will get caught up in a mess of short-term declines in the Retail Trade sector and this one has far to fall and a well-defined area...

PreferredStonk Updated 

A couple of indicators are showing divergence for the past week or so, as HD has melted up choppily. It needs some relief and is being sustained by erstwhile investors scrambling for a safe investment in a volatile bond market when the banks can't be counted on to manage their risk. I'd suspect that this could continue a little bit, but within the next week or so...

PreferredStonk

Whirlpool showing extreme bearish divergence in multiple mid-term timeframes on multiple indicators. Semiconductors used in Microwaves and Appliances are infamously unavailable, and this is sure to affect whirlpool's outlooks despite favorable macroeconomic conditions and stock rotation. The entire sector related to homebuilders is due for a drawback, and despite...

PreferredStonk

A comp of $T and $VZ's stock. Similar setups, with VZ blazing ahead. $T seems a day behind. You can never be confident when playing short-term moves, but you can see the squeeze indicator Ppppin off prior to VZs move and it's doing it for T now. The rotation favors it, and it looks like some shorts might not have closed fast enough. www.marketbeat.com It's...

PreferredStonk

A good rule of thumb is that when investors are confused they transfer to cash. Investors become confused when they get contradictory signals. Signal one; 10-year yields. They're going up, but not in a smooth orderly line; in fits and starts. Every week we get a 10 basis point jump. This is because every time the Chair of the federal Reserve gets on TV, he...

PreferredStonk

The bond market took the world by storm this week. The market was already uneasy leading up to the testimony from the FED, but attempted a strong rebound after that. Then everyone realized that the 10 year had breached the 1.5% yield marker overnight. IS THIS THE END???? The poverty-ridden permabears will be disappointed that it is not. Thought they crank out...

PreferredStonk

Far be it from the lips of any trader to question the bull run, but all good, crazy things must come to an end. And it is in this spirit that we plan for the future. Everyone with the tiniest bit of gumption is a genius in a bull market, but it's when the stock comes crashing down that separates the real traders from the future embittered. This is comparing all...

PreferredStonk

On the ground, it feels like a momentous day in history. Since this time last year we've had a third impeachment, electoral primary upsets, viral pandemics jump species to infect humans, months of protest, one of the strangest presidential elections in history, and now the Capitol be stormed by partition demonstrators in a manner thusfar unseen in the United...

PreferredStonk

As you are no doubt aware, Splunk posted disappointing earning and is up against stiff competition in it’s primary revenue. However, this is a technical analysis to highlight a couple of point aon why I’m watching this stock. Look at the gap! When considering the data from November onwards, we see a huge gap up last month and a huge gap down just last...

PreferredStonk Updated 

A quick look at what I'm projecting viewing the hourlies. Seems like Saleforce is bouncing off so strong support.

PreferredStonk

We're teetering on the tip of a correction. The market is out of good news. The technicals are beginning to slip from the bulls. I'm starting to think that most retail investors are an unimaginative bunch if they can ignore all these warning bells and still attempt a rally. Low volume trading has mostly favored the bulls. In fact, buying is so feverish in the...

PreferredStonk

Based on today's numbers it's clear that the economy is stagnating. I'll admit that I don't have the experience to speak with authority, but it's obvious that the market is a runaway train that is bound for a crash. Consider this: Prior to the election the market retracted upon growing caseloads to shed some overpriced stock, spurning positive earnings from...