SPY dipping as expected with the h&S on Apple playing out. Apple alone can crash SPY with no help. Tech is selling off in abundance. 424$ is looking like a bounce or last line of defense. I am expected a few more dollars of drop and a strong rebound into late week.
RTX had an irrational sell off based on a potential 3 billion dollar cost on the recent engine problem with Pratt and Whitney. Meanwhile the stock which has been a key player for decades and lost over 20 billion in market cap in two enormous gaps. The stop-loss would be a 5% drawdown, and gap 1 a 15% upside gap 2 over 30% upside. Obviously the jet fuel play would...
HD looking to drop to 302$ ish, maybe slightly further using the teal diagonal line. HD is one of my long-term dividend/safer holds that I plan on holding for a very long time. I use these charts to help with entries and DCAs after deciding on my thesis. HD has had 3-4 amazing opportunities on the purple support line which is where I started to build my long-term position.
PYPL looks to have double bottomed after a massive sell-off for a rather well performing company. Yes the growth has finally slowed, but does that justify historically low PE ratios and the current valuation 5x off of highs? I do not have a position yet, but this would be a strong risk-to-reward entry for a likely double bottom, spot, calls and generally being...
I do not hold VHT but instead the vanguard healthcare mutual fund as a play on an undervalued sector of the market. Many key holdings are down 40+% including Pfizer and I believe this is a great hedge for a recession in the coming 2-3 years. I have used this VHT chart to help with my entries around the blue line initially and marching up the bounces of the red wedge.
BTI loves to oscillate between 32$ and 45$. A simple strategy would be to enter around not spot and hold through a quarterly dividend. Jet fuel in calls could also be applied to lever the bet. A >8% dividend is nice these days in this uncertain market. The company has heavily pivoted to vaping and does not need to rely on American markets.
Looking to enter BJs as a Cost competitor, has growing fundamentals, breaking old resistances, momentum is building.
A recession play I am heavily eyeing, the orange horizontal is an absolute buy for me based on prior resistance/support and fundamental valuations. Even the most conservative label DG fair valued here, most calculations put it at a 35+% discount. DG tends to perform best in recessions, but fall leading into them. With their new smaller layout store action plan...
I have already posted this chart but notice the very strong resistance here, with COVID rearing its ugly head again will vaccine revenue grow again?
Riot holding strong despite the temporary Bitcoin weakness and tech sell-off. Riot looking to continue to overtake NASDAQ:MARA because of their energy plan with texas. They have the ability to mine less bitcoin and provide electricity to the state as a revenue plan B.
A move is coming for a little known FLNG. This stock is a long hold for me adding indirect exposure to natural gas through a recurring fee revenue structure. This stock is little known and has displayed tremendous growth in revenue/earnings with a strong dividend.
I do not hold VTI but instead VTSAX as my main long-term hold for spot account. This channel has stayed true for a while and this bounce zone could be a good DCA add.
VZ is one of my long-term entries for a recession protective play. I entered spot on the red uptrending line and have been adding bits on the bounces. The 8% dividend is protective at this level. The company fundamentally remains the same as it was before the 50% downtrend. There is some FUD with the lead cables but this should not matter in the long-run, they...
I have been eying Pfizer for a long entry for my buy and hold account. PFE destroys competition financially and yet remains at a much lower market cap than Lily and a few others. Yes the company was heavily propped up by the covid vaccines but they were wildly cash flow positive without the vaccines as well. This massive double bottom would play out nicely as a...
ACHR is reaching an important momentum point with RSI coiling inward along with price action. A large move is coming and its likely to the upside with the increasing fundamentals and continuation of the channel.
Apple whether you like it or not is clearly overvalued. A head and shoulders is forming on the 4 hour chart and looking for downside which would heavily impact the sp500.
Sofi is one of my largest spot holdings for small caps. They have finished their acquisition phase and have all of the tools/services set in place. With their recent banking license they are able to get better rates, and retain debt for longer cycles. With student loans resumed their earnings should start to really shape up towards profitability. If the CPI print...
Following up on the CHWY GAP play, it looks like a multi-year triple bottom is forming on the weekly.