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Is $AAPL headed to $150?*Before reading the information in this please understand the risks associated with both the stock market and investing as a whole. ALWAYS do your own research; invest with conviction, rather than emotion.* *Please understand I am in no way a professional and offering investment advice, all ideas shared are simply opinion.* *I work with a team of individuals that does research into potentially undervalued publicly traded companies. We use a mix of fundamental and trend analysis to formulate a trading plan for our securities.* My team and I have always had a love affair with Apple ($AAPL) and their operations. It has recently been correcting on the charts from a $150 price point, and based on the the company's performance last week, we believe Apple has broken any bearish pattern that may have been apparent on the charts. Apple is a notorious company with a brand equity that is currently unmatched in the electronics industry. Holding this company makes sense in any portfolio, this tech giant has showed time and time again it is the clear standard in consumer electronics sector. They have hold of a very large market by having a variety of products, these products all having some level of interconnectivity to one another. This interconnectivity has created a level of dependence for their consumers, meaning consumers do not want to buy non-Apple products simply because they already own many different Apple products. They are also able to sell older models of their devices at a discounted price, further increasing their market capitalization. Regardless if you are chasing Apple to the $150 price point, securing yourself a good long entry for a long-term hold, or just riding Apple up on this bull run, buying at this price point certainly appears to be a good idea. Our price points are as follows: ENTRY: $127 STOP LOSS: $120 TAKE PROFIT 1: $140 TAKE PROFIT 2: $145 TAKE PROFIT 3: $150 Check out my team over at @SimplyShowMeTheMoney Members of our team are followed there.
NASDAQ:AAPLLong
by tradebuckets
Canadian dollar rises on strong Manufacturing PMIThe Canadian dollar has kicked off the trading week with strong gains. Currently, USD/CAD is trading at 1.2669, down 0.55% on the day. US yields moved higher last week, particularly the 10-year treasuries, which rose as high as 1.6% per cent. This move boosted the US dollar against the major currencies, and USD/CAD climbed close to 1% last week. However, bond yields have since stabilised. Yields on the US 10-year treasuries are back around 1.40%. I expect bonds will continue to fluctuate and cause further volatility in the currency markets. The US dollar index fell below support at the 90-level late last week, but the greenback has flexed some muscle and the index is currently at 91.08. The US economy continues to show signs of recovery, and expectations are high that first-quarter growth will be strong. A major driver behind economic growth is consumer spending, and the January Personal Spending release came in at 2.4%, its best read in seven months. Personal income levels were also up sharply, but inflation levels still remain muted. The Core PCE Price Index, which is believed to be the Fed's preferred inflation gauge, remained at 0.3%, a level not exceeded in over 10 years. There are concerns that the massive stimulus program of USD 1.9 trillion could cause higher inflation, and with it the danger of the US economy overheating. After strong gains by USD/CAD late last week, we are seeing a reversal on Monday, with the pair losing ground. Resistance remains strong at 1.2787, as this line has held since the first week in February. Above, we find resistance at 1.2842. USD/CAD is putting pressure on support at 1.2632. If the pair breaks below this line, it could fall sharply, with no support until 1.2532. This is followed by a swing low at 1.2468, which the pair touched late last week. .
by OANDA
3
China's Consumer Discretionary ETFFrom the beginning of 2020, emerging markets, and specially China, had been really outperforming. The sector has taken a 12% correction from its high on February 16th. Which was coincidental with the past sell signals from the drawn channel. We have tested the 50sma, which has worked as the lower channel trend line in this system. Risk-reward-ratio is fantastic as we can a stop below the moving average; with a target around $42. Top 5 Holdings: Meituan (10.38%) Alibaba (7.92%) NIO (7.42%) JD (6.98%) PDD (5.94%)
AMEX:CHIQLong
by dorfmanmaster
1
Ferrari is a good portfolio diversifier from hereWhen growth and inflation around the world are seemingly increasing on a MoM basis, consumer discretionary stocks perform well. We've seen this across the board so far this year, and in the latter parts of 2020. Ferrari is no exception, with a premium luxury brand with international recognition. Recently, RACE has been pulling back, and I'd look to start to leg into a position here, with capital to buy more slightly lower as well. Technically, we're near the bottom of the 2std dev Bollinger, as well as oversold on the RSI 1D/4H timelines. The risk/reward from here is favorable.
NYSE:RACELong
by MT-Macro
Tattooed Chef Inc - Outbreak ALERT - Bullish for 2021 - Hey fellow Traders, first of all i wish everyone a succesful and happy new year, may your dreams come true! Now lets get back to business, today i´d like to talk about NASDAQ:TTCF As we already saw it was forming an strong resistance at the 24 ish level , but we could finally manage to break that with good volume coming through and positive newsflow. What does this mean for future investors? So it would be a very healthy and good sign to turn the previous resistance level into a new support line. Also it signals us that the stock is ready to move higher to the next targets. But letme give you some reasons we are bullish going long into 2021: Incredibly well positioned in such a fast growing market. Vertically integrated company = from designing the to growing and packaging - everything comes from one hand. 38 Current SKUs in market, 62 by end 2021.Competitor BYND for example only has 9 SKUs. 2 Billion AD Impressions in 2021. First huge marketing campaing will happen this year with the agency NitroC. Expansion to Mexico and Europe is about to start. More than 17% held by Institutions which will only increase by time. Profit margin more than 20% which will only increase. Already in the 4 biggest US retailers Target and Walmart tests are outperforming. Category sales are up huge. Analyst coverage promised soon. Fiesty CEO & Highly Innovative with Sarah. Sells through Q4 was said to have been incredible. Media coverage through Cramer on CNBC , Youtubers and Blogger talking about this stock. Introduced to Puplix,Kroker , 7 Eleven and dozen more. I could continue this list like forever but i want to encorouge you guys to do your own research. Investing is always invvolved with a risk of loosing your capital , so this is no investment recomendation at all. Just my personal opinion. You will soon realize this is the start of something big, and they haven´t even been paying dividends yet. This could be a hold forevere stock if things play out as planned. If you like this idea please feel free to leave a comment or follow , it would be greatly appreciated. Greetings, Sebastian
TLong
by Sebastian-TradingExpertsEU
1
Ulta Beauty Might Be Sitting PrettyUlta Beauty had a big run between late 2014 and the middle of last year. It crashed in August 2019 and remained under pressure through the coronavirus selloff in March. Since then, it’s squeezed into a range and may now be nearing a breakout. The first thing that stands out on the chart is the large triangle converging around its current price. ULTA had a similar pattern in 2014 before launching on a 200%+ rally. Next is the bullish gap from August 28. That followed a decent quarterly report with comp sales shrinking less than feared. It seemed to suggest customers have remained engaged and interested despite the pandemic. A third chart pattern is the 50-day simple moving average (SMA) rising toward the 200-day SMA. Given the current paces, there could be a “Golden Cross” in the next 7-8 sessions. ULTA still hasn’t given clear confirmation and may retest the bottom of the triangle closer to $219. But it’s a longer-term growth name that may start drawing more interest – especially into the holiday-shopping season. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NASDAQ:ULTA
by TradeStation
2
Increased Bullish Pressure on EU and the PoundUS Consumer credit has fallen significantly, representing telltale signs that debt-intensive purchases have been falling signalling within North America that growth is beginning to show serious signs of depressed growth, of those similar to the '08 crisis. Because the US Yearly GDP is fueled by roughly 68% consumer-based debt/spending, this may be the beginning of a significant deterioration of the dollar as we head into wave 2 of COVID globally. This coupled with a looming presidential election does not bode well for the US dollar. We are beginning to witness the significant effects in the inherent damages of a global pandemic on the 'mighty-US' economy. This is a very short-term forecast, I believe DXY will rally into the Asian-Session while selling off into Late-London and Early-New York. Investors will turn to 'neutral-risk-on' currencies such as EURUSD, GBPUSD as New York opens tomorrow. However, it is to note that significant news weighs on the pound as Brexit talks falter. Further analysis will be provided on the majors before NY open tomorrow. In the long-term, I believe we will continue to witness this deterioration until the market fully digests the chosen presidential candidate and a vaccine is in the distribution phase within the USA. (4-6 month forecast) As always, use proper risk management practices, matching your risk tolerance. This is solely an opinion, not financial advice. Trade safe.
Long
by Granborough-Capital
Chipotle Mexican Grill Probes Old HighsChipotle Mexican Grill has been a slow-and-steady gainer in 2020. It was already investing in its online model before the pandemic, and that decision paid off handsomely as the country went into lockdown mode. CMG formed a bullish triangle in July and early August. It then broke out and surged to new all-time highs near $1,400 before rolling over with the rest of the market. This has brought CMG back to the top of the old triangle around $1,190 and its 50-day simple moving average (SMA). The shares may chop around and even potentially test $1,100ish if the S&P 500 keeps struggling. However, that might provide opportunities for buyers. CMG has one of the cleaner charts because it broke out to new highs recently without getting too overbought (like many technology names). It’s also interesting fundamentally, with the potential to benefit from either coronavirus returning or abating. Traders may want to watch it between $1,100 and $1,200, depending on their take of the broader market. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NYSE:CMGLong
by TradeStation