PNW CHANNEL BREAKDOWN PATTERNPNW CHANNEL BREAKDOWN PATTERN
BREAKDOWN:84.89
TARGET:72.58 (-26%)
WEEKLY SCALE
NEGATIVE MANSFIELD
SECTOR WEAK
INDEX:UYBB
Electric
ge - general electricI'm long the 31 February calls of GE, I do have the positive expectancy that the stock will bounce from the Yearly Pivot of 31 area, and move 35 area.
we'll see in the upcoming days if the 31 pivot point will hold and an upside breakout will occur.
anybody following this idea, should place stops on the 30-31 area.
TSLA is Super ChargingEarnings beat est and production guidance is very ambitious. After market pop up as high as 235, waiting for tomorrow's open and pre-market action. Waiting for breakthrough or re-test @243 (1st Resistance/Support). Searching for formation,
OBV and DMI signaling bearish tendency, but RSI indicates short run upside. TSLA could consolidate in a downward or upward manner or dramatic as I have illustrated.
The Tesla unicornSolar stocks such as SUNE, SCTY have been hammered real hard for the past 3 weeks. Tesla is not a unicorn immune to the global deflationary forces.
Like many, Tesla relies on cheap debt to finance its research and development. This isn't sustainable when Janet Yellen is no longer supporting the market with Quantitative easing (QE). It is also on the verge of breaking down from the rising wedge developed since November 2013.
Stop loss: 236.72
Take Profit: 132.02
Entry: 212.94
Overall, I'm still bullish in the long term prospect of Tesla and at $120 it is almost certainly a good buy.
The Case for USA Electric Utilities, even with Rising USA RatesRunning Alpha Capital Markets observes that higher rates are not always a headwind, as the not too distant record shows that the electric utilities group can outperform and offer a margin of safety.
During the last period of higher rates, from mid 2004 to mid-2006, the FOMC hiked rates 16 times, and despite these incremental actions, electric utilities actually outperformed the broad USA equity market indices by a fairly wide margin.
The electrics don't start to significantly under-perform until the Fed funds rate passes the yield of the average electric utility stock; and we will be no where near there even after a number of measured hikes.
Absolute returns on electric utilities are likely to stay rich, regardless of what interest rates do over the next market cycle.
Looking at the average electric utility investor, who are the buy and hold type of market actor, we still have good electric utility yields out there relative to what the Treasuries offer, and on top of that, the electric utilities have attractive balance sheets with good dividend growth and compelling absolute total returns.
TESLA: Buy the breakout for H&STechnicals are screaming for a H&S it seems :)
Not a bad place to buy the breakout for a last-fart rally before it gets dumped down to 120~150 (sweet spot)
T/P: 250~263.87
Entry: 206.23
S/L: 192.28
