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Bitcoin (BTC/USD) Daily Chart Analysis For July 29, 2022Technical Analysis and Outlook: After completing on July 20 our Outer Coin Rally of $24,150 and retreating to Mean Sup $20,780 (See Bitcoin (BTC/USD) Daily Chart Analysis For July 22), Bitcoin bounced back to competed Coin Rally and showing signs of extending its rally to Outer Coin Rally #27,800. However, if all fails, the coin will take us back down to Mean Sup $20,780, with a strong possibility to Key Sup $18,900 and beyond.
BITSTAMP:BTCUSD
by TradeSelecter
Does WING's Earnings Bounce Have Legs?WING has been an interesting story in the restaurant sector over the past 7 years. Wingstop has experienced above-average growth in both top and bottom line figures over this timeframe. Let us explore why this is the case and where the stock may go from here... Fundamentals: WING's fundamentals are nightmarish. Incredibly high levels of debt (likely why WING has been able to expand so quickly), negative stockholders equity, 17% of shares float are short, a forward P/E of 70, yoy revenue beginning to stall with current year-end revenue expectations up only 2-3% from 2021 year-end. WING's total liabilities make up more than double its total assets. The company is grossly overvalued, Wingstop's intrinsic value is roughly 35-45 dollars a share. This bounce off of earnings is unsustainable, to say the least. The company did not even post a beat, and its shares surge 20%... this move simply does not make sense. Technicals: Long-term uptrend still intact. This will change if a move below the A trend line occurs. Currently, WING is struggling to break above the short-term bearish trend line labeled as B . A touch at 128.43 resistance and a quick retreat back to trend line B leads me to believe this is a temporary bull run in what is a longer-term downtrend for WING. Global macro conditions: Tightening of financial conditions, supply chain woes, war, sanctions, Supply crunches in energy commodities, climate crises, hot inflation, political unrest, and sovereign default concerns intensifying -along with other factors- all play a role in a rapidly worsening macroeconomic narrative. These factors are often talked about by economists but I fear they are overlooked in cases such as these when the market rewards a weak growth stock such as WING with a massive bounce in price off of an average earnings report, all during an unprecedentedly difficult global economy. Targets: Unclear as to when WING will significantly fall in price. I think the deterioration of financial markets over the next few years will be serious- things will get worse and stay worse for longer than expected- and companies with trash fundamentals like WING will be the first to suffer. Needless to say, I would be short WING if given an option. I see a fall to 113.92 as a short-term lock. Longer term I expect a choppy downward trade from lower support levels to lower support levels eventually forming fresh lows at the 49.89 support level. Seems like a bit of a wild prediction I'm sure, but this is what I see. As always this is not trading advice, good luck!
NASDAQ:WINGShort
by Gooby_Trades
The Next Housing Crash will be Catastrophic - Prepare Now!American and international corporations are keeping a large number of properties off the market as investments. These unoccupied flats limit supply in sought locations, creating an artificial scarcity as a result of central bank policies that finally caused an Everything Bubble. The number of corporate purchases of houses has increased dramatically. This has fueled demand in market, but if rental income fall as a result of the recession, corporate purchasers will start liquidating those same assets. As mortgage rates are rising, people are having a difficult time to allocate their income towards mortgage payments especially in times where rising food inflation is also a major problem for majority of Americans and if unemployment rates goes slightly higher then mortgage default will occur on a national scale, leading to another catastrophic housing crisis. In one of our previous analysis we stated, how inflation will peak at 12% and in case of a recession it is certain that inflation will stay on it's trajectory to peak while, Home prices will start correcting. Demand and Supply comparison between U.S Population growth and overall Nonfarm payroll employees against total housing unit supply Listing count of houses actively on sale have increased significantly in June by 18.74% According to the MBA's Refinance Mortgage Applications Index, applications for mortgages refinance fell 5.7% in June and have fallen by 70% year on year to the lowest level since 2000. PPI for Construction material have increased by almost 50% since 2021, forcing builders to shrink margins by 10-12% Conclusion: Since owning a home is becoming increasingly costly, it is prudent to rent one because real estate prices will soon begin to correct. NOTE: Cost of Farmland which have adequate water supply will continue rising due to current geopolitical situation. To leave this analysis on a positive note, We have picked an undervalued stock for you, Unity Software Inc. (NYSE:U) Looking at the future, their is one aggressive company that should be in every tech growth investor's portfolio which have the potential to outpace market, Unity Game engine can render ultra-realistic graphics, The next decade will of The uncanny valley and unity software plays a major role in it, Unity software are down 70% this year and trading 40% below their IPO value, The stock is currently at discount and from a long-term prospective and we believe that it will provide 80% return within 24 months making it a best buying opportunity. To this wonderful community, Be safe and be prepared, Thank you. ❤️
ECONOMICS:USCSHPI
by EQTSHARES
4
MARCH MADNESS (Major historical event key dates and price areas)The patterns are there if you look close enough you will see them. EVERY MAJOR ECONOMIC HISTORICAL EVENT HAPPENED IN MARCH. EVERY SINGLE ONE. - We are not in a recession. The recession has not started yet but it is imminent. Something to keep in mind is when the economy is in a recession the dollar deflates not inflates and unemployment rises. Something big is going to happen March of 2003. Just like March of 2020 (Corona Virus) My guess is the planned "Russian hacks" will begin in the United States initiating a war crime agains the US thus commencing a new WWIII ***(Keep in mind the Russians have already hacked a MAJOR United States cyber security company as of mid 2021)*** All major historical events have always been and will continue to be orchestrated and planned. Brace yourselves, .March of 2023 might be the start of the new Great Recession. Reference the dates and historical events on the chart. I can't make this stuff up. -Lomeli
TVC:DXY
by Lomeli760
S&P 500 Daily Chart Analysis For July 15, 2022 Technical Analysis and Outlook The S&P 500 market played out our down move to Mean Sup 3787 (See: S&P 500 Daily Chart Analysis For July 8). Currently, we have an upside momentum, and a retest of Mean Res 3912 is imminent, with a possible extended target to Mean Res 3940. Nonetheless, after that, the market will take us back to the Mean Sup 3787, completed Outer Index Dip 3728, Key Sup 3666, and very Next Outer Index Dup 3530 - this is a forward-looking mark.
SP:SPX
by TradeSelecter
2
Oof we probably in for a rough earning season and second half.Well CPI-U came in at 9.1%. based on 1990s calculations that closer to 12.5% and based on 1980s calculations that's closer to 17-18% Just OOF. Guarantees FED won't go data dependent and then about face in their next meetings but honestly who thought they would...oh right everyone but bond traders. Add to that the earning reports for Netflix, IBM, Twitter, Tesla, Google which have been hammered by the first half of the year already. It is not gonna be a fun few weeks. So basically the FED probably hikes 0.75 or 1.00 and might actually break something this time France is forced to go non negative on rates leaving BOJ as the last sink hole of free money. I am still waiting on the data dependent turn around later this year to begin a new DCA and it just got delayed a few months while the employment numbers definitely don't get revised down from 370k at all. Then once something breaks someones gonna have a nice little grabbed by the ear talk with JPOW before the November kerfuffle. But anyone remember how inflation and deflation in hyperinflationary scenarios comes in waves? This looks like wave #1. Depending on reaction and overreaction of the FED, ECB, & BOJ in the next few years from just the fallout of the economic kerfuffle worldwide as it stands right now, is emense to say the least. Not to mention the effects come harvest when we actually figure out how deep the rabbit hole goes and knock on effects of fertilizer production for 2023. All of which unsancrimoniously glazes over the Ukraine situation in a way that is dehumanizing to put it mildly. Sometimes I just hate people trying to make a buck. But welcome to the world someone built, wasn't me. Hope that covers it for anyone living under a rock. Next two weeks = Baaaaaaaaad. All the best stay sane we gonna need a few who aren't loony when the dust settles.
SP:SPXShort
by GreatScottTheMoon
1
SPX - Calculating the odds of a RecessionUnderstanding the possibility and consequences of a recession by determine the strength of U.S Economy using key economic indicators GDP - In order to sustain the economy consumption must be increased meanwhile, Fed trying to tame inflation by implementing policies that will going to reduce the demand. Ergo, The GDP is expected to fall by 1.25 next quarter. UNEMPLOYMENT RATE - Every time a huge trend of layoffs starts 45 days prior to a recession. at this point, No major corporate layoffs have taken place and currently the unemployment rate is at historically low levels. INFLATION RATE - High oil prices, Supply Chain disruption, Hyper inflation risks across the globe and most importantly higher interest rates, There is no doubt that inflation rate will counting rising. CONSUMER SENTIMENT INDEX - Current level is below 60 which reflects lower consumer confidence which will result in lower consumer spending DOLLAR's PURCHASING POWER - U.S Dollar getting stronger against other fiat currencies, However it's purchasing power is eroding, High interest rates have strengthened the U.S dollar and it's expected to continue rising. 10-Year Treasury Constant Maturity Minus 2-Year Treasury Constant Maturity - Short term vs Long term treasury inflows, Whenever yield nears the zero or becomes negative then recession follows. Federal Funds Rate - Interest rates are expected to hit 3.75% by the end of this year, There will be several rate hikes in the following months that will result in global economic slowdown. Geopolitical Risk - Disruption of world order has already begun with Russia's Invasion of Ukraine, Growing risks of China and Taiwan conflicts, Shri Lanka's Crisis, Turkey's Hyperinflation risk and if U.S economy crashes then a new world order is imminent. Conclusion: Current Health status of U.S economy is bearable However, projection for upcoming quarter is uncertain, the most optimistic part is low unemployment rates, Financially strong businesses and Strong households with higher savings rate, in turns following rate hikes cannot be associated with an inevitable recession. Health care and defense sectors with high dividend yield stocks are greater alternatives to invest in.
SP:SPX
by EQTSHARES
2