On Tuesday morning I posted that Bitcoin was "just about done" as it was going parabolic and had maybe 200-400 dollars of upside left. It went higher for about an hour and another 100 dollars. It has since been chopping to lower highs and lower lows. I believe it is on the precipice of a significant decline that will confirm Tuesday's high as the TOP. Sell while you can.
The market is slowing down and although I expect for June to end up slightly positive there will probably be a correction soon. The low risk trade for the rest of the month(as well as long term investment) is to buy IBM right here. Had it's correction already, been basing and now ready to move to 170. BUY
I expected this 10%+ bounce from the recent crash in RH but didn't close out the highly profitable short trades from my earlier recommendations because I believe the stock is headed to under 40. Short RH right here.
Every chart I have ever seen of anything traded in financial markets crashes after going truly parabolic. There have been mislabled moves that weren't really parabolic or called parabolic before they had really reached the extreme that represents truly parabolic. Bitcoin is reaching the beginning of truly parabolic. There could be two to four hundred dollars more...
On May 4th I posted about the precious metals not being as bad as that April selloff looked. It has been a month and the gold and silver stocks have been doing exactly as I expected (and more importantly, WANTED.) My analysis of the charts led me to believe three months ago that what was needed for the golds and silvers to set up for the new bull market explosion,...
For a number of weeks now(since I recommended covering my profitable short trade and going long) IBM has been building a new base. The chart says it is ready to break out to the upside and there is a good 10% run before any near term resistance. This is both a good short term trade and even better long term investment. BUY!
I have been very bullish on NPTN. Not only is it very undervalued(trading at one times sales) the chart is extremely positive. With 50 years experience studying charts(started in my teens) I have a good record of identifying targets that receive takeover offers. Not since last year when I kept pounding the table on this forum that Rackspace would be taken over,...
Two weeks ago on May 16 I recommended going short on RH based on the chart. It traded a couple of points above and below where it was at the time of my recommendation. Today it clearly broke down and is about to plunge. You may have a chance to short aggressively tomorrow if it bounces at all. I expect the earnings report on Thursday will be the catalyst for the...
On April 12th I recommended going long NTNX. I was a couple of points early. Last week the stock popped to almost 21. Today it is back to 18.25 or so. This is a great entry point to get in if you didn't yet or to add to your position. Targets 25 and 30 over time. Buy.
Last week I said to use the weakness in NPTN to "back up the truck", it is acting great and after today's sharp pop is pulling back. Use this pullback to back up the tractor trailor! If it trades back below 9 today? this will probably be the last time we see nine. BUY!
Recently, I recommended covering the successful short trade and starting to go long IBM. Since, I have recommended a pair and triple play trade to sell and switch & or short AAPL & FB and Buy IBM. Now I am recommending going aggressively long IBM. As stated in my pair and triple play recommendations I expect IBM to outperform over the next 3-5 years. For shorter...
Tesla the company will probably experience continued success in engineering, technology innovations and product development. The chart says today should be an up day and I would love to see 320. I would sell and go short if it gets close. Although the future for the company is bright, the valuation may never exceed it's recent high water mark. SELL.
Over the last few weeks I repeatedly pointed out how the tight, beautiful chart of OCX was a "prelude" to a coming upside explosion. Yesterday, we saw that upward explosion. Today the market is giving us a fantastic gift. I believe the pullback to below 6 for a little while today was a huge gift. I don't think it will ever close below 6 again. This company will...
I am adding a third leg to the Swap-Pair Trade I recommended last week. Remember, this is meant to be for a three to five year investment where I believe IBM(with it's 4% yield base case) will outperform both FB and AAPL. Go long 200 shares IBM and short 100 shares each of FB & AAPL.
Time is running out on the extended sideways pattern(I believe accumulation) in OCX. The stock is going to breakout soon. BUY.
I was a day too early, but now that the small gap @8.50 has been filled I am backing up the truck here. BUY.
Here is a trade where I am saying to sell and or go short a company that has a market cap of 433 billion on sales of 30 billion and switch into a company that has a market cap of 145 billion on sales of 79 billion. To make it even more favorable, the stock I am recommending pays a 4% yield. That's right, I believe over the next 2-5 years IBM will outperform FB....
NPTN acting great. Chart says it should soon reach 10,and after a quick drink of water shoot to 12.BUY