chuckination

chuckination

Well, I publish an idea last week enthusiastic and euphoric it was going for the moon, but admitting when you're wrong when your stops hit means it's time for the other direction. Between the last couple of weeks cooling off and prices falling below prior support trend lines and failing to break back over them as resistance means the short term trend is changing...

chuckination Updated 

I'm calling a new Bull market, and that was born on April 6, 2020 when the S&P 500 broke out from the downtrend channel of the COVID-19 black swan event. I went long on that day and have been happy with the results, and now after the indices have survived their first major test of the possible new lows into earnings season, it does appear to be a risk-on type of...

chuckination Updated 

I've been watching FTNT for a while but have hesitated to purchase into it over the Summer while the broader market consolidated. Not that the indexes have resumed the rally, I bought into FTNT the other day (and thought I publisehd an idea about it then!), so I need to publish one before it runs too far beyond a good long term buy point. All moving averages and...

chuckination

SPLK is an interesting tech company from a product perspective, but their especially interesting as a tech company from a growth perspective. 38% sales growth over 3 years and 30% growth in the last quarter alone says everything I need to know. They hit a rounded cup base with handle pattern with the cub low in Q3/Q4 of 2018 and the handle low in late Summer of...

chuckination

I was watching ADSK before their earnings due to analysts talking about their successful conversion to a cloud based subscription model for their software similar to Adobe, and I found it a compelling story. Waiting to see how the stock reacted to earnings so I didn't bear that risk, it's continuing to look strong with plenty of buying. The 63 day mid term...

chuckination Updated 

I've been holding InMode, a mid-cap maker of laser hair removal and other laser based cosmetic equipment, and they're hot. Fundamentals are strong and the technicals indicate heavy institutional accumulation. Enough time has passed to have a quarter's worth of data to begin painting indicators on my chart, and volume is hot. What trend exists by ADX shows a...

chuckination Updated 

Cannae Holdings has been picking up some accumulation with a one day 15% spike yesterday on a surprise profit from earnings. Daily volume spiked two days in a row, and it looks like this relatively young company is off to the races.

chuckination Updated 

Tesla has had its fair share of bad news over the past year beating the stock down and making it a favorite of short selling bears for a bit. Well, those bears are counting their losses and will continue to do so. Tesla is reversing trend quickly on news of their surprise profit and 2-day 30% price rally, but then came the shake out. Now, the trend is picking...

chuckination Updated 

Disney is killing it. Even with hiccups on the Disney+ launch, their star power is nothing short of magical. The Mouse is a lasting American icon of a company that people love, and any parent of the means to do so will raise their hand if asked if they've spent more than one thousand dollars on this company's products personally. Last I checked, there's no...

chuckination

I've been watching TTD for a few months, and they're a good growth company that offers an alternative to the mainstream large cap internet advertising firms tied to search engines and social networks, and the earnings have been looking good. They've been consolidating in the short term with the rest of the market, but it looks like they're resuming a long term...

chuckination Updated 

Do not buy into the press's nonsense that the S&P 500 is staging a comeback. It may bounce like a dead cat, but it doesn't have legs. I'm not confident that the market has a rally left in it without a correction, and that'll need to be 10% to 20% draw down to rekindle the enthusiasm in the market makers to drive it higher. If the market is truly rallying back...

chuckination Updated 

Some recent euphoric optimism for the S&P 500 has driven caused short term consolidation in precious metals, but I'm seeing some uncertainty cause flight back into stable hedge securities like gold, silver, and bonds right now. I don't think we're going to get a hard rally in the major indexes without another significant correction, so I'm seeking some alpha...

chuckination

If precious metals aren't the thing for you, the classic investment hedge for safety is holding bonds and bond funds. I like EDV a lot and it holds its value steady long term for the buy/hold/rebalance crowd. Bonds cooled off a little after the late August rally lost some steam, but it looks like its picking back up after the worry about global recession looms...

chuckination

Some recent euphoric optimism for the S&P 500 has driven caused short term consolidation in precious metals, but I'm seeing some uncertainty cause flight back into stable hedge securities like gold , silver , and bonds right now. I don't think we're going to get a hard rally in the major indexes without another significant correction, so I'm seeking some alpha...

chuckination

Some recent euphoric optimism for the S&P 500 has driven caused short term consolidation in precious metals, but I'm seeing some uncertainty cause flight back into stable hedge securities like gold , silver , and bonds right now. I don't think we're going to get a hard rally in the major indexes without another significant correction, so I'm seeking some alpha...

chuckination Updated 

I have a hard time analyzing IPOs because there's very little technical data to analyze, but I do have some personal industry experience with CloudFlare. The sentiment and fundamentals for this firm are strong, and that's all you can analyze with IPOs! They're a tech company. They're positioned to eat Akamai's dogfood, too. They're not yet profitable, but...

chuckination Updated 

Wow, the volume spiked up hard for KEYS today! A solid 12.5% upside is a mirror of the earnings response that TGT made, and they're in a position to capitalize on the growing 5G telecom boom without dealing with the downside exposure of the telecom carriers and operators. This is a picks and shovels play, and I personally have used their line of Ixia...

chuckination

TSN caught my eye with a superb earnings surprise on top of excellent earnings growth as well as a partnership to align themselves with a meat substitute manufacturer to stick up to the BYND craze. I like a good steak, but TSN isn't about to turn chicken on the latest fake food fad. They were also forming that classic cup and handle pattern that precedes a big...