Features a 4.2% dividend with annual yield avg ~12%. This is a nice stock to keep in income portfolio. It doesn't get discounted that often. Looking for a reversal on the monthly. $36-40.
This is what he means. One currency to rule them all. It won't be BTC. But I would not be surprised to see a USD blockchain variant becoming the universal denomination globally. Greenbacks are everywhere. It's the reserve currency of choice, above silver and gold, and bitcoin.
This is what I see. Post your thoughts and charts below. A retest of 4100 before exploring lower lows seems evident before we look below 3500.
The market made a really nice broadening wedge Friday, but we're at major resistance. The market needs to pull back here to cool off and bring more buyers in. VXX is printing hollow red weekly candles which means she's about the blow up again. She's been primed and ready for a breakout for the past two weeks.
Calling the bounce at 3776. Short thru tomorrow. Probably not holding shorts thru Thur. Way too many catalysts.
We're at the 50% retracement for the quarterly candle. That was to be expected given we printed an outside year candle. Bulls are currently fighting prior resistance levels. I'm quite bearish until we break above the previous swing high 4200.
Time frame continuity with 15m, hourly, and daily. We're playing inside monthly and quarterly. For now, expecting a pullback to 390 to complete the broadening formation that started Friday. If it finds support there, a quick trip back up to 400 to re-test and print higher highs. If this structure breaks down quickly, expect a quick movement to the low side (green...
Prediction for Tuesday, July 26. The larger the buyer bracket we get on that lower support beam the greater chance of breaking up and out. If it's a quick single-bar bounce, watch for a quick drawdown.
That last bottom in the current broadening formation gives me pause.
Definitely, a mix of readings on all chart time frames today. Could swing either way tomorrow. Hopefully, we get a clear bearish/bullish breakout. Daily and weekly traders are up at bat to push SPY up and out of the inside bar. I'll be playing this one tight.
Nice reversal candle at exhaustion low of broadening wedge close Friday. First three targets are in play starting Monday. This plays right into the analysis of ES/SPY.
Not ready yet! Watch for a double-bottom divergence on RSI/MACD. That will trigger a massive increase in volume to push us up above the handle. A break above the rim is confirmation. I'm personally interested in allocating 5% of my portfolio to this anticipated move in light of US/global monetary/economic conditions. Looking for a BUY signal around 1550 give or take.
Opened a position on Tuesday after that second bounce off the 200 period moving average. Price action has held above the 8 EMA after an anticipated pullback and bounce. Today we see 8 EMA and 20 MA x-over. If you're looking for an entry, consider the 8 EMA (pink line) or first pullback to the 20 MA. Cheers!
This stock tends to form double-bottoms months apart. I'm projecting a 2nd pullback to give us our second bottom. This stock has has a very strong year and when it bottoms it bounces are hard and fast. To boot: it's a Swiss company wish gives you a bit of hedging against the dollar. Keep on your watchlist. Cheers!
The consolidation is well underway. Notice the negative RSI/MACD & increasing selling volume. If you're looking for a long-term entry, be patient and wait for Apple to dip to $100-110 before entering, We're clearly inside of a bull flag on the monthly chart, and technology as a whole is continuing to draw down. A hard selling week could push the candle wick below...