Hey everyone, happy Friday. I wanted to quickly publish this simple chart of a stock I've been watching. First of all, never, ever buy or sell anything without doing your own research. I am simply sharing this for fun and to see if anyone else is watching this really significant level on Apple. The epic 200-day moving average! That's the blue line. Apple is...
The two charts here show the Dow Jones Industrial Average and the Nasdaq-100. The Dow, as you know, is 30 of the largest multi-national companies. The Nasdaq-100, on the other hand, is mainly an index for tech stocks. The largest tech names and it is heavily weighted in that direction. Recently, something happened: The Dow broker out to new all-time highs and the...
First of all, dips happen all the time. There are always pullbacks in price and they happen for various reasons. Here’s a checklist I quickly wrote down for myself. The chart here shows Square, mostly because it has been on an epic run! Congrats to those who have enjoyed it. I was once a proud owner of this name, but sold after it seemed to get a little "frothy." ...
Tech stocks have been on a massive run for about a year now. They have bounced with speed off the March lows from last year's crash. It has been nothing short of remarkable. The shift from online and COVID-19 was sweeping and overnight. To some degree, it was probably great we did not that now rather than later. An overnight technology shift like that just may...
Here's a trade idea that might be interesting. Although I may also be late to the game as both assets have moved considerably the last week or so. Maybe wait for a better set-up, but the idea is short Facebook and long Bitcoin. What the heck? Who would do that? What's interesting about this trade is peak centralization and peak decentralization are head to...
I was surprised to see equity markets off to such a bullish start. Really. I had to see it for myself. So I made this chart. The Russell 2000 is up 15% YTD. WOW. 15%... Already. Imagine how that might look at an annualized rate - say if it rises another 15% next mont, and after that. We are talking about a 180% return in 12 months. That is unheard of in markets....
I wrote this post today to share my thoughts on what I think is a really interesting mental framework to use when thinking about trading or investing. I hope this post helps people make better decisions and I personally have made all of these mistakes. Yes, like many, I have lost on bad trades or investments, too. It's a reality of markets. Okay let's get...
This is a video I made showing how to make a really simple chart on TradingView. We create a chart with a simple line, all white background, and easy to see scales text. The purpose is to customize it to fit our look and feel.
In this simple chart I plot the price of two assets: Amazon and Shopify. I am looking at their percentage performance over the last year. Sometimes a simple chart like this is all you need. Who is performing best on a 1-year basis? The market is very competitive and companies are always vying for market share. The battle between Amazon and Shopify is one to watch...
I just wanted to add a few events to a chart of the S&P 500 and share some quick thoughts about them. The first and most obvious is just how strong this bull market has become. It's more than doubled its highs from the DotCom Bubble and the Great Financial crisis. The 2016 election and the COVID-19 crisis both barely put a dent into the price action. It is...
I am looking at the distance of the Nasdaq-100 from its 200-day moving average. I am looking as far back as 2015. What we see here is something slightly historic... it's the most extended it's been from its 200-day moving average in a long time. I examined the chart and the last time the distance from its 200-day MA was above 30 for a long period of time was...
The market is in full bull market mode. There's a lot to suggest this, including the amount of money SPACs have made. Multiple expansion is also a major talking point and I will get to that further on in this post. But one thing is also very, very true. And that is the rise of stocks, like Airbnb, that are signaling market moments rarely seen in history. Airbnb's...
I think the Salesforce acquisition of Slack was genius. Why? They now have access to all of Slack's clients and companies. They can integrate all Salesforce products into it and go right after them to upsell them Salesforce products. This is a great attempt by Salesforce to keep growing revenues. However, there is more to this story... Before we get to the bear...
The US dollar continues to get weaker and weaker. You see it in the news and on financial research across the world. It's weakening especially relative to other currencies and even emerging currencies. How long can this go on? What's next? Where would you rather put your money? The key to understanding the US Dollar and its weakness is the expected push toward...
Bitcoin has been on a run! It's about to hit new all-time highs (or it already did). What was most surprising was how it crashed right before Thanksgiving only to spike and rip higher once again. Congrats to the resilience of this asset. Clearly people see the power and potential. Now for this chart analysis I am looking at two charts side-by-side: Bitcoin...
In this video I am thinking out loud about some exciting things happening in markets. Especially how Elon Musk has outdone Warren Buffett. That's right. Tesla's market cap is now bigger than Berkshire Hathaway's market cap. I never saw that coming. I am not sure why, perhaps the potential growth continues to astound people. For the really bold thinkers, maybe...
I wanted to quickly examine Bitcoin and Tesla since the start of the year. Both assets are really fascinating. They are, in some respects, doing the same thing: changing an old industry with an entirely new approach and not much care for what any of the critics or competitors say or do. They know what must be done and they are on the path. The orange line...
NIO trades on US markets and, lately, has had some massive volume surges. NIO is an electric car company based out of China. It has no cars in the US. It may never have a car in the US. And yet it has a market cap of $65 billion and continues to climb higher. It's now competing with Tesla and is almost 1/5th the size of Tesla. Whoa!? That's how markets work....