JPM posting better than expected earnings$JPM 's better than expected earnings failed to push for a positive outlook, with the PEAD cone projecting a neutral outlook with price currently trading closer to the lower boundaries.
Usstock
Delta Bearish outlook after disappointing Earnings$DAL is currently trading on the lower boundary of the projected PEAD cone with the latter predicting a bearish outlook for the coming period.
Bed Bath & Beyond Inc. posting better than expected earnings$BBBY has posted better than expected earnings taking price higher pushing beyond the projected PEAD cone with the latter projecting a Neutral outlook until the next earning.
Pepsi trading with a Neutral outlook$PEP is trading on the higher boundary of the projected PEAD with the EPS projecting a neutral outlook for this stock
Carnival Corporation looking for a neutral move from Earning$CUK is looking for a neutral move since earning which was less than expected, price is currently trading below the lower boundary of the projected PEAD giving some room for a move upwards.
DOMINO'S PIZZA INC with a bullish outlook after Earnings $DPZ is looking for a projected bullish outlook, as price is trading within the lower boundaries of the PEAD cone with good room to move up
PAYX trading beyond the projected PEAD Cone after strong earning$PAYX is trading beyond the Projected EPS cone after a good earning result, with PEAD projecting price to return lower to trade within the boundaries of upper and lower lines
NASDAQ (The 11th June Candle was Spooky!)View On NASDAQ (17 JUNE 2020)
NASDAQ is making a great rebound from the recent selldown from 9,400 level but it is not successfully negating the strong selldown of 11 June just yet.
Step 1: So, you can be cautious bullish but watch it closely as the coast is not clear.
Step 2: Watch 9,666 (Yeah that 666) level, once it gets broken again all Hell will break loose and go down further.
DYODD, all the best and read the disclaimer too.
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Overstok $OSTK in uptrendIt is following very smooth uptrend line so far and hit the fib 0.618 level. Pulled back to 20SMA zone and expect to move and break out.
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KOPIN $KOPNIt is swinging up. It broke weekly 50SMA which is a good sign for future. on 2 hourly chart, rsi shows weakness, it may pull back for some time meet with
20SMA
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MongoDB is pulling back! $MDBIt is pulling back after several attempt to Fib 0.786. $148.66 is a strong support.
Adobe is breaking out $ADBE$350.38 is the buy resistance. If it breaks out, the target will be the pivot. Watch for RSI and volume.
Cadence Design $CDNSAfter a failed breakout, last week it got above the pivot resistance with high volume but rsi is still below the trendline.
DOW Top? Head and Shoulders pattern says high probability!Simple head and shoulders pattern. May lead to a correction in stocks, but too soon to tell. Certainly a correction is coming unless the Fed pumps the market with so much liquidity they are forced to buy the dips!
Angle of the January-April Bull Rally Is One of Many Red FlagsSPX has trended at a 57 degree angle since the 2008 financial crisis. While trend line theory suggests any stock above a 45 degree angle is troublesome, perhaps the SPX is an exception. However, the current trend we are witnessing is at a 67 degree angle, suggesting a significant pullback is warranted. Take this with the global fundamentals (slowing Europe, slowing China) and oscillators which indicate overbought, SPX is probably in for a bit of a healthy pullback.
GOOGL, SHS pattern on W1: Down !GOOGL, SHS pattern on W1: Down !
- Downtrend forming
-> SHS pattern forming
US BEAR MARKET - DOWRising trendline broken, horizontal trendline to be tested and then broken. Look out below as long bear market is on its way.
Before I forget...Waiting for tomorrow open, sadly I probably will not be able to trade. I will try from my phone...
I think Amazon will bounce, I will update this idea after I look at what happened in the past and TA the market as a whole, and calculate target SL etc and figure out if the trade is worthwhile or not.
AMD Long trade.At the moment we're in correction wave 4 of a bigger impulsive wave.
Target around 40 usd.
Stop-loss around 29.70 usd.
Live example of a market cycle euphoria phase coming to an endWhat happens when a car keeps going forward, but slows down?
Same principle.
Here is a quick summary about market cycles:
www.investopedia.com
If 200$ was indeed the top, what we should see next are lower highs. And a long bear market.
It has already been going up with less strength for a while. Retail investors getting dumped on.
Well I say retail investors, but institutions too, they don't do anything special.
The difference is institutions will be the first to "panic" sell when shit hits the fan.
It will be too hard for retail to do, but trust me, when something is hard to do, most of the time it is a very good idea to do it.
Making the hard choices is what the masses cannot do, and being able to do that gives you an incredible edge.
That... or being logical to start with and not emotional lol... I personally fail to see the logic. That should not even be a hard decision, just binary.
Oh and by the way, having your money managed by pro's does not shield you if you invest in overvalued crap (not saying AMGEN is crap).
Novogratz crypto fund dropped by 30%, his clients money is gone.
"Strength in numbers" does not apply to finance :p
Think of it rather like cattle going to the slaughterhouse. Do they have strength in numbers?
Get ready to see Amgen feature on bagholderquotes, in a few months, by 2020 at the very most:
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