Wish I Discovered this Earlier: FHRC $23 ShortFirst off, please don't take this seriously or as financial advice. As always, this is on opinion based basis. That being said, let me get into a few of my insights. Right now, FHRC is doing quite well as a retail brokerage following a bullish run from what I believe to be a bearish price correction due to the period we are in. This is remarkable given other stocks retail related aren't doing as well. Overall, FHRC had a strong and stable price correlation in the market since IPO. I believe a $23 short target is quite reasonable extremely soon.
Retail
Online Retail. V-Shaped recoveryIt is rare to see a real V-shaped recovery, IBUY will most likely test previous all-time-high.
$54 to $56.5 is an important range. To see it more clearly, just zoom out, or use a weekly chart.
OBV has been indicative... as we cross above or below the 200sma, we can see OBV start a trend, either down or up, in conjunction with the 200sma. After our most recent cross above the 200sma, OBV is reaching 1-year high.
Watching closely for a new breakout, which will possibly be followed by a re-test the previous highs.
IBUY top-10 portfolio holdings with weight %:
CHWY (4.89%)
STMP (4.79%)
NFLX (4.01%)
PETS (3.83%)
PTON (3.56%)
GRUB (3.48%)
AMZN (3.35%)
CHGG (3.21%)
UBER (3.20%)
FLWS (3.11%)
Smile Direct Club (Nasdaq: SDC) Technical Analysis Possible cup and handle pattern forming here. Major support ($6.18), Major resistance ($7.76) and break above (8.00) psychological resistance for retracement to gap fill territory ($9.20).
Walmart Day Chart, Gap Fill 5/1/2020Looking at Walmarts chart it seems like it is infamous for filling gaps made pretty quickly
last gap made was around the 127.33 price which i think will get filled tomorrow on 5/1/2020 to start the month our in green
but it seems like whenever gaps are filled they are taken right back so maybe set a TP for the 127 price range
also MACD on average makes around 3-4 bearish candles on the day chart before it makes a lighter red and smaller bearish candle
it seems like we are headed in that route especially after Walmart's huge sell off recently
i think walmart is one of the stronger retail business' (if not the strongest) during a recession or during hard times
there is no reason for the huge sell off, it will be back at ATHs in the next two weeks and hitting 127 either tomorrow or Monday
Red alert: Idiots are selling! [Entertainment & lesson]We have a code red. I repeat, we have a code red.
I can barely breathe! 🤣
I'm crying
After USO had their reverse split, the price gapped up.
You can check it on robintrack, first there was a strong decline which might be all the people so wiped out they could only afford <8 shares (LOL), but then even after this it keeps going down!
robintrack.net
It only went up before you can check for yourself. Since february they have only kept buying, the number of holders line never went down even for a day no matter what.
And now even after the initial drop that might be explained for other reasons number of holders went down by ~7%
There is only 1 explanation: These masterminds thought the price really went up, and they outsmarted institutions, and have locked up profit 😆
Now I don't know if Robinhood had an erronous display, or if they only show the gains since the split maybe (so investors saw green and thought they got their money back), perhaps some are doing "automated trading"?
All I know is the price rallied up because of a reverse split and a group of people known to be stupid and have been strictly buying for 2 months without even 1 day of pause, have started selling.
These can't be humans... They must be... something else...
Hey so if a really solid company made a 1 > 10 split all the animals would be aggressively buying thinking the price dropped 90%?
Making money in markets isn't that hard if you take it seriously, just look what kind of absolute imbeciles we are playing against!
$M Macy's looks to have a slight down trend before bull marketRSI divergence is our main sell signal here. There's also some fractal support/resistance here.
Will be re-entering $M @ 5.20.
REMEMBER
Risk Management 50% of trading
Technical analysis 25% of trading
Fundamentals 25% of trading
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Feel free to engage and ask questions!
Best of luck to everyone!
Retail breaking outOn the news we could see some re-openings of the economy in certain states.
Retail is breaking out of a 2-week consolidation channel; after a double bottom April 3rd.
RSI @60, is in an uptrend. (Bull)
OBV is still consolidating (Bear)
We are testing the 50% fibonacci retracement line at $36.5 (closing price will be important)
Buy TargetTarget Corporation (NYSE: TGT)
Target Corporation is a well known discount store that been around over 100 and went public around 1967.
JesusTrade Score:
Buy
Scale Score
Risky (7/10)
Portfolio Hold:
Monthly Swing
Fundamental Reasoning:
With earning around the corner, their numbers need to be payed attention (up the trade score due to earning being need). Year over year, store sales are up 20% and online sales up 200% April 2019 compare to April 2020, Target store sales are up 5% and Online sales up 4%. With rumor of recession around the corner and COVID-19 still active. This should be a good pick up.
TJX: Brick and Mortar Merchant Hits ResistanceIt’s no secret that social distancing is bad for retailers. But one name in the space has held up better than most and may now be at risk of a move lower: TJX .
TJX, the parent of Marshall’s and TJX Maxx, had a strong bounce between mid-March and April 9. But since then it’s run into a wall of selling at $50. That’s the same level where it bottomed last May and August. Old support is new resistance. Not bullish.
The entire rally of late may now be turning into a bear flag that’s at risk of breaking.
Momentum is also showing signs of weakness as MACD nears a bearish cross and the 8-day exponential moving average turns lower.
It could also make sense fundamentally because TJX relies heavily on physical stores rather than e-commerce. The word “digital” didn’t appear anywhere in its last earnings report.
However, management did say “Customer traffic was the primary driver of the comp store sales increase.” That was great in the pre-Covid world, but what about now?
Earnings are estimated for May 18.
Retail idiots paying rounds of drinks, but expect regulations...There are ways to make a lot of money with controlled risk with wti futures (very limited if done right but don't try if you aren't very knowledgeable in this area), but who is paying for all of this free money?
Altruistic retail investors of course!
A few weeks ago there was a massive influx of retail money into Oil long ETFs.
USO holds I heard about 1 third (!) of open interest for the front month (all long).
I think they were part of the reason why May went to minus 40 (they had to rollover).
There is still a huge contango between June & July, and as every one knows retail NEVER sells.
Their warcry is "You don't loose if you don't sell", therefore this situation can last a while until the ETF collapses completely, or the SEC/CFTC/FINRA shuts it down.
There are opportunities to make money, for example with the big contango, as well as potentially when this mega whale rollsover their contract, or when they * joy cry * have to liquidate all assets (imagine the shock to Oil futures!).
I heard people say that many of their friends are calling them all excited to speak about buying Oil, and they bought this garbage ETF.
The thing is these reptilian brains for some reason think they are buying spot Oil, or maybe even physical, they have NO CLUE what they are buying.
They're buying contracts for a specific month. And creating a big problem. And are going to get decimated.
I don't know if they are buying because of some random indicator or because they think Oil is cheap or because they are simply programmed to go against trends the more strong they are the more they go against...
The ETF is losing more than Oil.
LOOK AT THIS:
The ETF since its creation goes down more than Oil and goes up less. These cretins are bleeding money constantly and happily buying more and more.
Why do they have to be so enthusiastic about negative sum games? Bitcoin that produces nothing and burns money via exchange & miner fees, this....
Stupid things can last a long time, but I have a hunch this won't last much longer, we are in the capitulation period, huge exponential influx of dumb money, on Robinhood alone 165,000 holders. As traders pile on the opportunity the huge gap will lessen and it won't be as easy to profit from.
It's only interesting because the gap is so enormous.
From the FT:
And the gap right now is 33% for only a 1 month difference (was 43% hours earlier maybe it's over very soon).
If the difference in price becomes too small there probably will be the chance to go short around the expiration date for june, and short when the ETF has to liquidate, and there probably will be more other scams like this. Millions of hurray shouting retail investors are doing all sorts of dumb stuff and ignoring advice and all this money they will lose, billions and billions, has to go somewhere, might as well end in our pockets.
We also have russia & the saudis on our side, they're so going to run us companies out of business.
When they realise they got fleeced, they'll cry, and it will be a sensitive subject, and the useless regulators might strike again.
If it's just a few hundred thousand buffons getting scammed it might not be big enough for regulators to make big changes, hopefully.
But with the internet, the much lower costs, the way investing all your money in anything got made so easy, more and more of this will happen, and at some point some big rules will be put in place, and not just warnings (like those help, they keep repeating so often it's irritating "wow watch out this is very risky make sure you understand bla bla bla"), perhaps even a complete interdiction to participate in markets for retail... It would be a shame for the next generations, I don't worry for myself by then I certainly will be able to just take the professional status, but what about new people with potential?
Perhaps markets are better off without all those casino regulars.
Will keep an eye open and extract as much as I can from their pockets. WTI is going to be insane I think until they get completely wiped out.
How do you can having negative remorse? The opposite? Because that's what I have for taking advantage of the situation.
Talk about a wealth transfer...
CNBC has an article on this, lmao they are calling those investors "retail tourists" I'm dying xd
If those people have so much money to lose and don't care what they buy, can I have some of it? Just send it directly to me...
www.cnbc.com
(They got a crude awakening hohoho)
Go figure...
Hey I just created a family business tracker, tracks the price of my poops and farts.
Poop price is dirt cheap, down 99%! And farts price went up.
Quick warn the retail investors! They don't want to miss this opportunity.
Biggest mistakes theory in practice.The biggest mistakes and biggest reasons why traders lose keep being repeated. It is more clear when we can see it actually happen.
Here we can see the number of holders as well as the increasing money pour in into an Oil ETF while the price is going down.
When it will go up those that didn't hang themselves will break even so remind me to check robintrack.
United States Oil Fund number of Holders on Robinhood went parabolic as Oil prices plunged
robintrack.net
Nosediving right now.
Trading was halted for this fund
www.streetinsider.com
> Stop fighting fundamentals & trends because "it's cheap" or "some indicator"
> Stop averaging in losers
> Cut your losses
You can be sure that when they get lucky and get out in the green (and rapidely take minuscule profits) you'll hear from them, and when they get wiped out on huge losers you'll never hear that story.
Burl multi-year run may be coming to an endLong track record of increasing revenue but not positioned for the economy we are heading into. Here are some reasons why:
1) No online presence. Discontinued online store last year. Speculating here but I imagine it would be hard to manage the inventory of an online store based on the wide variety of items they have which are constantly changing.
1a) Lost customers to online shopping. Downtrend on google trends ever since the economy shut down. How many people will forget about them by the time stores reopen? Also, how many people will still have money to shop?
2) Strapped for cash. Looks like they will have to raise money to pay the rents on all their brick and mortar locations.
Broke straight through multi-year support. Might retest but I doubt it will go up much more from here, especially if the economy remains closed longer. Earnings early June.
Let me know in the comments how I could be wrong on this.