Joe consumer is tapped out, AAPL is not impervious to inflation, increase in wages, increases in input costs, record $1.1 t credit card debt in USA, record worldwide debt, global slowdown on the horizon, $7 a gallon gasoline here in CA, 6.5-7% 30 year loan rates something's got to give! I would look to short aapl over $140 and add 10% to my position each $1.50-$2...
WMT Walmart's customers are highly susceptible to $7 a gallon gasoline (here in CA), $1.1 t record credit card debt, interest rates higher, everything the consumer is buying is higher, something's got to give! And it will
The daily chart it's trading below the cloud, stochastics overbought, Williams percentage% overbought, in a downtrend, below 50 dma, below MA Ribbon, at Fibonnaci retracement .786. It's difficult to go long anything and get sucked into these bear market rallies in-between dumps.
Seems to be running out of steam, AMZN has strong longer term support at $100-101 range, but look out below if/ when this breaks
Why is TOL rallying with other home building stocks? Great Depression 2 on the horizon, companies have begun laying off and will do so in spades soon. 30 year mortgages went from 3.2 percent to 6.5-7%, gas is $7 a gallon, credit card debt is a record $1.1 trillion! If interest rates stay UP house prices will come DOWN the American ponzi scheme of indentured...
$7 a gallon gasoline here in California, layoffs have begun, 6.5-7% interest rates on a 30 year mortgage, demand will slow as the layoffs pick up speed and worldwide slowdown has begun. Too many have been crowding the energy trades and longer term oil will be much lower. MPC has experienced a dead cat bounce likely nothing more....
Many of these consumers will be losing their jobs! Credit card debt record $1.1 trillion, $7 a gallon gas here in CA. 30 year mortgages went from 3.25% to 6.5-7% something's got to give! Costco is overvalued on a PE standard and EARNINGS compressions are coming! Bear market rallies are to be sold, not bought!! PE of 39 is sky high compared to TGT at 11
Energy stock dividend payer oversold, 16 PE. Purchased 300 July 15th $38 calls
Bear market rally dead cat bounce on DOCU. Stock is down 80% from ATH and experiencing a dead cat bounce. Housing market on precipice of collapse, interest rates over 6.25% on 30 year loan DOCU business will be impacted
Likely nothing more than a dead cat bounce. CEO stepped down abruptly, negative EPS, higher employee turnover, economy and housing coming to a grinding halt, is DOCU business model bleak? The chart has lots of overhead resistance on Fibonacci, Williams alligator, 20 day moving average, 50 day moving average, 200 day moving average, the cloud resistance it's been...
In a market where stocks like MU have a 7 PE getting taken to the woodshed one has to wonder how this can have a 460 PE!? I have traded service NOW for almost a year off and on both long and short, mostly short. Head & shoulder clear on chart as I posted 6 months ago, bear market rallies are an opportunity for bagholders to exit overpriced overvalued stocks.
False bear flag, oscillator turning positive, oversold on several technicals. My calls expired worthless. I sold 15,000 shares for $5k profit to offset some of my calls loss and bought back 17,000 shares Friday .50 cheaper. $6.89 average. Might trade or hold til target will be market dependent, if I feel it spikes too quickly I'll sell and buy back cheaper.
Market oversold, spy oversold time to cover your shorts and be prepared for a bear market rally
LYFT for a bounce $21-$25 in coming weeks. False bear flag, oscillator turning upward, oversold on many indicators and excessive shorted stock which will bring additional buyers on upward move
Can go $625 as low as $590 EXTREME looks oversold on several indicators. No position now, I closed my last position on spike. This could be a place to start buying and ADD every $20 drop in stock price for a bounce to $740-$819 range. I would play this for a bear market bounce ONLY. I believe TSLA will miss earnings on 7/25 and plan to be short..
AAPL oversold as is the overall market. Looking for a bear market rally to $141-150
AAPL still looks oversold and good for a buy on any pullback to $141-143 range.
Insider purchased 150,000 shares at $1.81. This is oversold and should bounce to $4 range in time. Bought 10,000 shares at $1.51 as I'm taking a flier.