ismartinvesting

ismartinvesting

With earnings not too far away and the stock currently floating between support and resistance i am confident we will see $104 and even $97 this week. I'm sure earnings will be great but again supply and demand to keep up with everything is still lacking in the semi-conductor sector. They've performed good now on the YTD chart and maybe we'll see AMD pop past $119...

ismartinvesting

When you look at the chart in detail over the year this is something the average eye should have seen anyways... Long story short, the banks always bounce back... looking for some bottom here and strong buying from retail and large institutions and a bounce back into the end of year... remember BAC was $20 in 2020 and went the distance with issues...

ismartinvesting

Biden said last week we need oil for at least ten more years... ford and GM going broke over this EV initiation... The US oil is going no where only thing we can argue about is what is a fair buying price... Going back to multi years looks live we've hit as solid bottom and consolidation past weeks looking to move forward to retest highs.

ismartinvesting

The chart looks long following the trendline solid for past months and now we see we've caught support above the trend line. The only action that keeps me curious is the fed talk on feb 2nd. so, to be seen until than.

ismartinvesting

awfully close trading range for the last month, looking to test resistance next day or so and then we have some earnings coming in... a lot of SPY movement has been the 200% gains and 100% gains on stock as well as the big movement in travel, banks, and pharma with that being said everything is heading into earnings oversold on even the yearly RSI... might be...

ismartinvesting

Things are starting to look bullish on a yearly chart again... supports and resistances shown and where we need to hold support at to be long. Happy Trading.

ismartinvesting

IMO it's a clear sign to take profits, very understandable of the circumstances of the world as well as the big companies making half decent profits, but the layoffs and consumer spending will continue for much longer into 2023 and money is not being spent to make companies profitable, its being used to keep the company running, kind of like living paycheck to...

ismartinvesting

Looking at a yearly chart we can see rejection has usually formed around here, the key for this at the lows have gotten higher lows... meaning we've found higher support and as the market goes up i think we should see some upside on crypto here as well.

ismartinvesting

Banks looking like a buy area, anything cheaper is kinda to cheap... I would look for some long term here with inverse hedging. Not sure how this formation will play out, but it it seems short term bullish. Let's have a good end of the year.

ismartinvesting

Does oil still have gas left in the tank? I think so and could be long from here in general... with all the OPEC cuts it only makes sense off supply and demand that the price goes north.

ismartinvesting

Coffee aint going anywhere and its sure as heck not getting any cheaper. looking like a good area to buy any day now.

ismartinvesting

Always the best time to buy baba on these dips... people are going to be looking for any extra way to make some extra income and baba has always been a staple piece for many Americans. Its hard to say long but a rebound back to the $97 area is inevitable.

ismartinvesting Updated 

Tesla seems to have broken out, i actually expect tesla and ford to out perform the economy here. Back test logged.

ismartinvesting

contracts with telsa for nickel supply and other larger companies should be a solid 4th qtr for vale. looking for about $15.50 to take profits on the oct 21 contracts.

ismartinvesting

tesla played out as expected and retested pretty strong looking for a break out here.

ismartinvesting

im calling it now most gap fills are filled in a bearish sentiment... looking for a move up in the next weeks or earlier as well as being over sold around 31k

ismartinvesting

Tech is still a strong buy Imo and i think we'll continue to have plenty of dip buyers supporting the bigger guys as well. Moving into the end of the year we should get our first solid outlook around black Friday and christmas but i don't expect any of these tech deals to be there... If there's a negative outlook on the end of year cpi and inventory shortage, then...

ismartinvesting

Not sure how bad or how good Monday will look, the sell signal and H&S was clear to many people, might look for a bounce of the red trend line or below that is where things would look worse. Plenty of stocks like American Airlines and Ford still have A Hefty Short interest % going against them.