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$PYPL: CEO departing could be bullishNice technical setup and an interesting earnings report. To begin with, the CEO will be departing by year end, which normally is a long term bullish pattern after a huge decline. Branded checkout maintained E-commerce market share during 2022, and guidance is surprisingly positive if we don't have a recession here: "2023 guide assumes pressured discretionary spend. We see signs of cooling inflation & it's logical to expect rising discretionary spend... but we did not build this into forecasts. Q1 is starting stronger than anticipated with branded checkout accelerating." (Schulman dixit). There was a substantial risk reduction from cost savings and layoffs (around 600m) which investors will appreciate as a safety net in this environment. It's been a long winding fall, since the stock peaked in late 2021: This could be the next $META type idea...Worth a shot. Best of luck! Cheers, Ivan Labrie.
NASDAQ:PYPLLong
by IvanLabrie
$MRVL: Bullish setupNice buy signal in $MRVL here, low risk and with ample upside to $51.65-52.65 by the 23rd or sooner... Couple ways to play this, either sell puts OTM, or play it with a call spread (long ATM, short OTM) or put spread ITM (long put at the stop or ATM and short put OTM at the target matching the time duration of the trend), or buy shares. Options offer more granular risk management possibilities and way lower capital allocation for swing trading though, shares offer the possibility of holding past one trend signal and let it run during the next continuation signal that pops. Some food for thought, I suggest reading Tony Saliba's options books to get some more ideas like this. Best of luck! Cheers, Ivan Labrie.
NASDAQ:MRVLLong
by IvanLabrie
$SPY: Bear market rally toppedIt sure seems like this is about to drop, intraday data is very bearish here, daily can confirm a reversal tomorrow, and we had the classic moving average crossover normies look at to determine the trend, at the highest close! (50 period moving average crossed over the 200 period moving average). I suspect the brief period of upside swings in various names is coming to an end and cash will be King again. Optimism from advances in AI chatbots and China reopening its economy have caused a surge in optimism that I don't think is warranted based on fundamental analysis and technical analysis. Sentiment rebounded dramatically, and the next move likely is down. I had anticipated this climb, which you saw in my video post a while back, but I think that move is over now. Best of luck! Stay safe out there! Cheers, Ivan Labrie.
AMEX:SPYShort
by IvanLabrie
1
$TSLA: Likely peaked for now...Tesla is stuck between a rock and a hard place, and the path going forward is likely mean reversion, price gravitating around the monthly mode area that sits below, with very well defined upper and lower barriers keeping price range bound for a while. Current short term setup is a short if price breaks into new lows on Monday pretty much, and we can already figure out the target for such action, but I would venture a guess that price needs to coil sideways next, before rallying higher over time, given fundamentals. I am cautious these days and rather trade swings, than try to hold long term positions stubbornly though. So, if you followed my last idea suggesting $TSLA was going through the last down swing before a bottom, now would be a decent time to secure gains or at least sell calls against holdings. Many ways to skin a cat, in this case the cat of volatility dampening. On the topic of guesswork, my long term guess for $TSLA was something like this, which I did when I talked about the first daily buy signal near 125.72: The longest term trend in $TSLA has expired already, so we should expect sideways and volatile action for 8 half-year bars, that's a long a$$ time... Best of luck! Cheers, Ivan Labrie.
NASDAQ:TSLAShort
by IvanLabrie
6
$ETHUSDT: Trend is up in EthereumVery nice setup here, now that FOMC risk is out of the way. We have an actionable long setup with small risk, if price holds over the white box below, it will steadily rally for 14 days in a row at least. After that it might consolidate or retrace (or reverse), but keep in mind that the existing rally could end up triggering a larger monthly trend, which could drive this to over 3kwithin 5-6 months, so I am keeping that in mind. For now, let's start with buying into this setup here, and over time we can figure out for how long to hold it. Best of luck! Cheers, Ivan Labrie.
Long
by IvanLabrie
6
$XPEV: Bullish trend and the emergence of Chinese EV makersI had published a video idea discussing Chinese EV names, and China reopening as a possible bullish catalyst for demand in the EV sector and to keep an eye out for bullish setups in the Chinese EV stocks. I think the time has come to scoop some $XPEV exposure here, the weekly trend is now confirmed as bullish so the move I was anticipating in my prior post can take place now. It's an interesting turn of events how China has now emerged as a rapidly growing car manufacturing hub, and likely the most compelling competition for $TSLA in the EV front going forward, as everyone else is lagging behind big time or not as profitably participating in the EV transition. So, considering that, I think we should keep an eye on these names and try and capture swings in them going forward. Best of luck! Cheers, Ivan Labrie.
NYSE:XPEVLong
by IvanLabrie
1