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GOOGL

GOOGL: Rich valuation, long term uptrend time ran outI'm flat GOOGL, but seeing the valuation up here makes you wonder: How long can this momentum last? There was a long term 6-month timeframe signal that expired recently, and we now have a daily uptrend that lasts until March 22nd, with a potential target at 884 give or take. I would find it hard to short this, but I would definitely not want to own this stock up here. Some risks include the possibility that the long term uptrend signal expiration drags price back down to the mode (a lower probability event), or that after the daily time at mode signal time and price target is met, price falls back down to support, which is likely after the end of Q1. Wikileaks recently published information that puts many tech giants in the spotlight, as part of a nasty violation of privacy, and surveillance (and recklesness) worthy of an Orwellian police state...with far reaching implications, like, for instance completely nullifying 'digital evidence' in any court case. This makes me wonder: will this affect the companies involved? or will people continue to not care about their rights and security? Any agent could hide their identity, while perpetrating attacks over the internet, if they use the CIA toolset. Everything connected to the internet, is at risk of being tapped. Will this boost Bitcoin and Ethereum further? Curious to see what happens next. Let's see how this evolves... Good luck, Ivan Labrie.
NASDAQ:GOOGLShort
by IvanLabrie
1
SPY Long Term Update2 years ago we published our last commentary on SPY. In that post on the chart referenced on this chart we stated "Our long range analysis of the market has not changed, as there is another high on our radar that we will be targeting." The market is very close to that target, the high being 228.34, 1.35 away from the target. Only time will tell if that difference will be made or not. However, for our purposes and looking at the immense moves we have pinpointed, we consider it close enough. As we also stated in the post referenced on the chart, "we always trade long-term trend, short-term counter trend on all times frames that we trade". That is still true. Bullish long-term on SPY since the low in March '09. We would like to see a correction down to a minimum of 180ish, and would be very pleased to see a retest of the 156ish area, but who can say what will occur? As traders we must trade the price action and not what we hope will happen. Our analysis at this time is that regardless of whether we get the needed correction or not, the market is poised for a parabolic rise. The only things that will prevent it is another World War, or a total melt-down of the financial system a la 2009 sub-prime debacle. We will publish our long range targets at a later date..
AMEX:SPY
by darcy_kincaid