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Macy's "M" Long, bouncing off fib retracement today.Sector rotation out of tech and into laggards started on Aug. 4/6, and beginning of Macy's uptrend. After a very strong week, we've seen some pullback yesterday and today. However, there was a bounce at ~$6.80 a share today at the 50% Fibonacci retracement level. I expect this to continue to rise over the next few days and weeks into the $9-$10 range retesting the June highs. Some support above the 50 MA. Also see a hammer candlestick pattern forming today.
NYSE:MLong
by jajlouny
American millenials being idiots again 😂Extremely bad traders with astonishingly poor intelligence from burgerland fomo'd and dreamt of lambos then decided to baghold once again, and are suing the struggling dying company to maybe get 1 or 2% of their money back (they don't know it yet they dream they can get the full amount back). Gives us something to laugh about, while the number of USO baggies is slowly going down as USO share price slowly goes up (and they are able to breakeven). Here is the story of a bagholder that ate extreme losses on Robinhood in his late 20s. Not from the recent Kodak move, have not found the stories yet, but it's always the same anyway. An individual from San Diego, California, which is probably the bastion state of robinhood millenials, I estimate a good 1/3 of users come from there. www.nytimes.com "Mr. Dobatse, now 32, said he had been charmed by Robinhood’s one-click trading, easy access to complex investment products, and features like falling confetti and emoji-filled phone notifications that made it feel like a game. After funding his account with $15,000 in credit card advances, he began spending more time on the app. As he repeatedly lost money, Mr. Dobatse took out two $30,000 home equity loans so he could buy and sell more speculative stocks and options, hoping to pay off his debts. His account value shot above $1 million this year — but almost all of that recently disappeared. This week, his balance was $6,956." So he gambled and got lucky and made very quick very huge gains and thought he was better than George Soros then lost it all and never had the clarity of mind to get out, and now has an additional 68k in debt. I am sure he believes in socialized losses and is a big Bernie supporter. In 1 article they quote someone from twitter "So he wanted to "trade to pay off his debts" but then kept trading after earning more than enough to do so and then lost it all. The psychological consequences of realizing you are dumbass should be dire.". Exactly. Back to Kodak. Karma is beautiful as ignorant californian socialist tech savy 25 year olds bought this stock following the government (the thing they love so much) making a socialist loan to dying kodak (rather than let them die and allocate capital efficiently), and then the government took the loan away as fast as it gave it. 🙂 I wonder how many davey day trader global day traders bought Kodak and held. Did Dave Portnoy? Saw him get excited at Kodak when the price went up but do not know if he bought. After hundreds of thousands of awful dumb gullible young investors piled into this piece of garbage, the one and only I present Senator Elizabeth Warren, also known as Pocahontas, called for a greater investigation by Congress, because that's so their job. What investigation? Same story as usual. Why is the government focus all on protecting idiots? Rather than spending time on the strong. That's like a pro investor that would always invest in the weakest worse companies and ignore or even tax the strong ones. What a waste of time and counterproductive thing we have going. At least they get those idiots to vote for them. Screw the US economy. This sinking ship is going to collapse faster than the Titanic. I don't think I will ever invest in a US stock. This never gets old. My joy is great and my satisfaction is immeasurable.
NYSE:KODKEducation
by MrRenev
5
Buying opportunity in CVS after Walgreens earnings bombCVS is pulling back in sympathy with Walgreens after WBA earnings were a dud. However, the adverse impact on Walgreens sales was "almost entirely from the company's non-U.S. businesses," according to the company's report. CVS operates almost exclusively in the United States, with 9,750 US locations and just 150 internationally. This suggests that CVS should be relatively insulated from the fall-off in international demand that Walgreens saw. CVS is in almost every way a better company than Walgreens. It has better analyst ratings, better financial health, and a much better valuation in terms of PEG ratio. Its dividend yield and dividend growth are lower, but its growth plan has been more aggressive, with the rollout of HealthHub stores and telehealth services continuing on schedule amidst the pandemic. Walgreens has lagged behind CVS in its plans to add healthcare clinics to its retail stores. CVS's relationship with UPS may prove an additional tailwind amidst the pandemic. Walgreens partners with UPS's smaller competitor, FedEx.
NYSE:CVSLong
by ChristopherCarrollSmith
HYPE3: Wait patiently until the correction is over, then pounce!HYPE3 is currently in what looks like Cycle wave B of (IV). We should wait to see how wave C of (IV) unfolds, and then, buy as soon as we have an indication it is over to ride SuperCycle Wave (V). Since Wave (III) is larger than Wave (I), it is possible for Wave (V) to be huge and an extended wave. HYPE3 atualmente está no que parece ser uma onda cíclica B da (IV). Devemos esperar para ver o desdobramento da onda C da (IV), e, comprar assim que tivermos uma indicação que ela terminou e surfar a onda Supercíclica (V). Como a Onda (III) é maior que a onda (I), é possível que a onda (V) seja enorme e até mesmo extendida.
BMFBOVESPA:HYPE3Long
by geraldelli
Lowe's climb can continue on strong home-building dataIntroduction Strong upward momentum for Lowe's has been slowing lately along with the rest of the market. However, I think the upward march for this stock can continue for both fundamental and technical reasons. Fundamentals Like nearly every other stock in this market, Lowe's is trading at a higher multiple than the stock has traditionally traded at. Unlike nearly every other stock in the market, the Lowe's multiple is actually justified by the prospect of future growth. Fidelity and Zack's both calculate the PEG ratio on Lowe's to be close to 1, which is fair value. Most stocks are trading at PEG ratios between 2 and 8 right now, making Lowe's one of the most attractively priced stocks I've seen lately. Lowe's boasts strong ratings from analysts, including a 9.2/10 Equity Starmine Summary Score, a 74/100 valuation score from S&P Global, and a "Leader" ranking for corporate governance from MSCI. Options traders are more bullish than bearish on the stock for both the short and long term. Perhaps more importantly, Lowe's is sitting in an extremely strong sector. Today, mortgage applications data beat by a wide margin. Business spending data shows home building supply as one of the only sectors in strong expansion, with investment up 20% YoY. Homebuilder Taylor Morrison posted 24% sales growth with a large order backlog. Consumers have spent the pandemic doing home renovations, and as a result, economic data for the sector have consistently surprised to the upside. In the medium term, the big risk for this sector is that mortgage forbearance will expire, houses will go into foreclosure, and real estate prices will collapse. That's currently scheduled to happen on August 31, but there's been talk in Congress of extending forbearance until sometime next year. Currently more than 8.5% of mortgages are in forbearance, so this is a potential residential real estate apocalypse if Congress doesn't pass an extension. If you take this trade, keep a close eye on what happens with that expiration date. Technicals Note the hidden divergence I highlighted on the chart, with the MACD making a lower low as the price made a higher low. However, it's also important to note that Lowe's today has dipped below its 3-month trend line, albeit not with any conviction or volume. I've taken a small nibble here to satisfy my FOMO, and set an alert to buy more near the volume support at $130.30. I may look at buying a call option for the end of August, since Lowe's reports earnings on August 18.
Editors' picks
NYSE:LOWLong
by ChristopherCarrollSmith
6
JWN: Short Squeeze Pending???I have been trying to simplify my charting as of late. Fewer Indicators. Less advanced Math for the moment. Trying to Gain perspective. Here is a Chart of a Trade I like. Nordstrom is 5* rated Morningstar, and A-rated Profitable company. There is a very large short position ... slightly better than 30% of the Float. JWN has traded between 15 -16 since late June (last 3 weeks) A strong breakout above 16 should lead to a retest of the interim high of 25. The downside risk is probably 2 pts to a low 14 handle. 8 pt of Gain vs 2 pts of Risk. 4:1 Profile ... I will take it for a top retailer beat up by lockdowns.
NYSE:JWNLong
by Blur19
2
The Problems With Retail Traders/Most PeopleI always tell people, if you don't understand how market works, DO NOT EVER touch the financial market. Yes, it is easy to open brokerage account and trade stocks, but how many people know and understand how to do it. I have tried to educate people, but to my dismay, only 1% of my targeted audience are really serious in learning how to trade and invest properly, the rest are there just to play around and thinking that they can become rich easily. And so, I have lost hope in humanity and in most people. They can reach financial freedom if they try to learn how to trade and invest properly, but most of them WILL NEVER reach financial freedom because of their attitude. Therefore, the status quo will remain. Topglove is now the third largest company in the Malaysian stock market, bigger than Tenaga Nasional. For sure, now the price has gone far ahead of Fundamentals. Yes, this is a good company, great company with good dividends. But market never works that way. Sometime in the future the market will PUNISH people. And for those retail traders who FOMOed in and who thinks that they can get rich by buying shares in glove markers, get ready for the day of reckoning and get ready for the slaughtering. The party will not last forever. I have many of my friends who never invested in stocks who and those who have not trade stock for longtime suddenly came RUNNING to me asking me if it is good time to buy Topglove and glove shares. This is one of many sign that we are almost close to the peak in the glove makers. Maybe they can go up more, maybe Top Glove can be number one market cap stock in Bursa Malaysia. Maybe it can reach 200 Billion Ringgit market cap. I don't care. From risk management perspective, it is no longer something that is viable and something where I want to put majority of my capital on. It's time to take profit. it's time to reduce profit. And I told all of these people to just ignore the market, don't ever to try to chase a rally when you don't understand. The smart people or trader knows when to buy and when to sell, you always have the opportunities to buy breakout or dips, but chasing blindly is never a wise strategy. But again, parabolic move and bubble always happen, the easy way to make money is to buy early enough when the trend is shifting and when the breakout is just happening and to try to ride it out as much as possible. And to warn people not to chase the rally. Everything else, nothing much we can do. Securities Commission and Bursa Malaysia, its your responbility to educate the masses, not to encourage speculation. But I doubt they care. They are only for money. Regards. Don't message or comments, I don't read them.
MYX:TOPGLOVEducation
by UnknownUnicorn735418
4
90p - 118p swing trade 200p+ LT investmentInterview on 28% increase in revenues from H1 Results. Confirms on track for £15.8m Revenues! Confirms new product launches to come - these not in the forecasted numbers! Excellent visibility of business (just go online, or walk into Boots or Superdrugs) ✅ Growing Revs, Growing Profits, Growing Cash, No Debts = Limited Risk, Decent Reward potential Bought more at 61p to my investment holding. Reason for last big dip was due to Haris leaving the business & selling his shares, we got now a new Chairman! 90p 1st target 118p 2nd target Long term target 200p! (same as broker target although they will revise once this new product comes in)
ILong
by vcm11
DBI was a top gainer, rising +30.92%. Expect Uptrend reversalDesigner Brands Inc - Ordinary Shares - (DBI, $6.52) was one of top quarterly gainers, jumping +30.92% to $6.52 per share. Tickeron A.I.dvisor analyzed 38 stocks in the Apparel/Footwear Retail Industry over the last three months, and discovered that 34 of them (89.29%) charted an Uptrend while 4 of them (10.71%) trended down. Tickeron A.I.dvisor found 7 similar cases when DBI's price went up 15% within three months. In 7 out of those 7 cases, DBI's price went down during the following month. Based on these historical data, Tickeron A.I. thinks the odds of an Uptrend reversal for DBI are 90%.
NYSE:DBIShort
by AlTorress
DOMINO'S 🟥 Correction into earnings may present bullish levels💬 Domino's (DPZ) has performed very well recently as delivery options were expanded and people relied on the delivery giant during COVID. We love cheap delicious pizza, and we may fall in love with Domino's going into earnings July 16th, let's see what levels look like going into earnings for the DPZ bulls and bears alike. Hit that 👍 button to show support for the content! Help the community grow by giving us a follow 🐣 ----- Support: S1: The S1 orderblock at the most recent swing low is the first point of support for the bulls, we are essentially already at this level, and it would be a logical place for the bulls to hold above. That said, earnings are a ways off, so lower support may be needed. S2: The S2 S/R flip is where price most likely finds support. It would be logical for price to remain range-bound until earnings, and this level is the one to hold if that does end up being the case. S3: If the COVID fears get the better of the market, or if we see some unexpected DPZ FUD, then the S3 orderblock could work as a support of last resort for the bulls. Resistance: R1: The R1 bearish orderblock is the only real resistance to worry about here. If the bulls can send it past R1, then we are almost certainly going to make new highs. If the bears can defend R1, especially after earnings, then it is a bad look for this titan of pizza. ----- Summary: The bulls will want to hold the current range into earnings, likely by way of an ABC correction as shown on the chart. A move off S2 and above R1 into earnings or after it is ideal for the bulls. The bears will want to defend R1 to ensure the Domino's COVID FOMO ends here. Resources: www.earningswhispers.com + wtop.com ✨ Drop a comment asking for an update, we do NEW setups every day! ✨
NYSE:DPZ
by AlphaBotSystem