See you on the other side of the blue lines.
You have had a phenomenal run those past 12 years! and that killer sprint at the end?!?! PHENOMENAL... really broke those blue tapes!
And now you're feeling tired... over-extended... take a break. I'll do the same. We will catch up in a few months!
P.S. - Please take the white path and not the red.
Logarithmic-linear regression including +/- 1 and 2 standard deviations.
- We are over 2 standard deviations extended above the trend line.
- MM indicator is ‘throwing red’ signals
- RSI above 60 has historically anticipated red months.
It may be time to keep some powder dry for future discounts
I really like PLTR as a company. However, it looks like the bears are temporarily going to take control over the market. If you have cash on the sidelines, pay attention and look for an entry point at a discount.
It seems like COIN has trouble pushing through this level. That being said, it seems to have found a channel and has room to run if it breaks through. If it gets rejected, look for a bit of consolidation before it retrys.
Weird things do occur around merger time and this could easily start a trend line busing run to some unimaginable price level. I appreciate that.
However, if we just look at the trend, it appears as if CCIV has settled into a channel that is relatively simple to look at and predict. If we imagine it just 'stays the course' we will be at about $32 at merger....
That earnings report was phenomenal. Their dividends are incredible. Nothing short of sheer perfection in this frothy market and investors dump true workhorse stocks. Fine... you go buy AAPL next week. Is AAPL topped out? overbought? Is the tech sector about to bottom out?
Dude... I love AAPL, but not at this level. I am going to buy this Clydesdale and enjoy it...
Out of the two stocks, AMD and MU, this is the one that is the better buy right now. MUs last earnings report was stellar, but not perfect and it had a bit of a drop. AMD has overtaken it as the more expensive stock, but we have seen this before, last year. Pay attention in the next upcoming days for a good 'discount entry point' and hold for a year or more.
WMT doesn't give AF if the fed is talking about inflation. WMT doesn't care about infrastructure deals. WMT looks at the COVID crash and laughs it off, respecting its own trend line... Sure, you would play the weekly and monthly contracts on the small jitter, but WMT is a great example of the slow, methodical, and deliberate climb up. This is a prime candidate for...
Just looking at the chart for the past few days, UBER appears to carry its momentum into the next day followed by a few days of consolidation. Given the strong performance on Friday, this should continue to run into Tuesday. End of week contracts would start scaling out Wednesday afternoon, leaving a few risky runners for Thursday. More conservative traders should...
QCOM took a bit of a breather after being overbought, retraced some old territory, found a Friday bounce, and looks to be poised to run on following the Holiday.
Just an idea- this is not financial advice.
Feel free to disagree with the channel lines, but this stock is subject to the crypto-related "noise" in the form of tweets and gov't regulations. In the short term, this stock looks like it will drift sideways or a little down before finding support. Then maybe another run, which could be facilitated by positive BTC news.
Just an idea- not financial advice.
For the people who like to play in metals, TECK is a Mines & Minerals company out of British Columbia. It got dinged earlier in June due to the politics of the infrastructure bill and that it almost fell apart. TECK has slowly recovered to form a nice flag and had an impressive intraday run on Friday, exiting the week with a hammer candle. It has room to move....
This stock has been moving well in the past few days, with the general consensus being that Whirlpool will do well because people need to buy fridges and other appliances for all the new homes that are being built. This is a momentum play looking at contracts about 2 weeks into the future.
Of course, I am not a financial advisor. Play at your own risk.
CLF is like a clock! Is there anything prettier than a stock that oscillates in channel? The peak-to-trough of this oscillation suggests that 5-6 dollar moves are possible. Cleveland Cliffs is an iron ore company that has been on a phenomenal run. There are incredible expectations for earnings as CLF quarterly revenue was up 1014.2%. This would be a unique play...
UPST has a rhythm to it with mid week runs to highs followed by a sell off. If history repeats, mid- to late-week there may be another run to areas north of $133, for a roughly $10 move. Of course, play at your own risk.
I am long term bullish on this stock.