Yogigolf

Yogigolf

While the markets were red across the board the defensive stocks XLP ( consumer staples ) had the worst day which looks like it could be the start of a sector rotation back into growth. As you can see every time the market is crashing correcting or having turbulence XLP outperforms SPY. We were in a large counter trend rally during this correction which looks to...

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In 2021 $PINS had two looks at being acquired for around $45-51 billion by PayPal and Microsoft. While these deals didn't go through they are still a highly likely likely acquisition target with their larger user base of 440 million. With a $14.5 billion current market cap there is great upside if a future acquisition is even below the previous targets.With the...

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$LOGI has decent fundamentals with a current PE of 17 and forward PE of 12.5 while they pay a small dividend of 1.5%. As long as their growth continues at the 10-15% range there should be considerable considerable upside on this company. It does look like they could drop to $48 so I personally have only taken a small starter position. If earnings continue to lag...

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$CRM has strong fundamentals and has currently slightly undercut its bottom trend after overshooting on the previous rally. Along with being at the bottom of its trend at a strong price volume support area I believe this is one of the best secure growth/value plays out there. $CRM has a very sticky customer base and is growing at a rapid rate. While on the surface...

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$NFLX has taken an enormous drop with the user growth slowing as the market gets more competitive. This has resulted in a major repricing dropping it down to a 17 PE. While I do not foresee them resuming their high user growth in the future they will probably be able to resume a slower user growth trend and potentially surprise the market by increasing the value...

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$OTEX is a pretty boring but stable company trading near its bottom trend. With a forward PE of 10 and being near its high dividend yield of 2.4% I believe this is a good value play here.

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With bitcoin looking to bounce and $MSTR trading below its base value in bitcoin I believe it will have a bounce but likely find resistance in the low to mid 300s at the resistance trend line of the downtrend that is forming. Since $MSTR is leveraged up on bitcoin I would expect to see them drop a lot more then Bitcoin. If bitcoin eventually goes low enough its...

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I have placed the fractal from 1995-1998 over 2016-2022 and there are very strong similarities in the price action. During the majority of the 1990s bull market the nasdaq comp made very aggressive moves up followed by very sharp 20-30% corrections. This is very similar to market we are in now with multiple corrections like this that have happened. With the...

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Companies like SHOP have been going through a 2000 like bubble pop. The only question is there further down to go? using the nasdaq 2000-2003 fractal we can support the structure is complete or is due for a bounce and one leg lower.

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As the AMC crash continues after looking at their recent quarter financials I believe we could see $1-2 or lower before year end. AMC is highly unprofitable and burning hundreds of millions every quarter with no sight of profitability in the near future. Their current cash is $1.165 billion from $1.592 the previous quarter, a reduction of $427 million. On top of...

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Crypto is far is way to frothy and it seems peak euphoria for the time is behind us. Now the slow unwind is beginning which could easily take until 2024. After seeing what happened to etfs like XBI and ARKK testing their double bottom pre 2020 lows this seems like the natural process to clear our the scams and trash. Over the last couple years there has been...

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Looks like it’s at least going down to price volume profile supports. They are diluting heavily so this can keep the downwards spiral going.

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$AMT looks like a solid buy here, coming off the bottom trend and 200wma.

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While their core ad business has had some headwinds those headwinds are already reflected in the companies earnings. At a 15 PE this seems like a great deal for their core ad business which has managed to overcome changes in the past. They projected revenue growth is still 15% per year, so even numbers less then this the current valuation is attractive. This is...

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Based on this long term trend it looks like QQQ will go back to outperforming SPY. The ratio has come all the way back to the bottom of the channel and is about to test the 200dma. With many undervalued "tech" companies I would expect to see this shift very soon.

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$CHTR is currently trading at a 16PE and is at the bottom of its trend and supported above the price volume profile. Additionally it has started to show relative strength at these levels getting minor gains while the rest of the market was down the last several days.

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Vix continues to reject in the low to mid 30s. This is fairly strong overall resistance and even with the market red on Friday vix was also down. Looks like vix will come back down to the lower levels although there still is potential support at 22 on upwards sloping trend line.

Yogigolf Updated 

The fed fund futures seem to be disconnected from reality and in my opinion the primary driver of the markets right now. On their last meeting the Fed signaled a target rate of 1.75-2% by end of the year so over the 6 remaining meetings an average .25 rate hike per meeting. Economists think this will be a bit higher with 2x .5 hikes and 4x .25 hikes. As of today...