Average_Joe_Options

Average_Joe_Options Sep 7, 2024

NASDAQ:META Meta's Resilience: A Bullish Case Amidst Market Turmoil While many tech giants face headwinds, Meta has been a standout performer. Despite the looming threat of a recession, I remain optimistic about the company's long-term prospects. Meta's AI-driven ad platform has proven to be remarkably sticky, even in challenging economic conditions. As...

Average_Joe_Options Sep 7, 2024

NASDAQ:NVDA NASDAQ:QQQ TVC:VIX NVDA: A Looming Breakout or Breakdown? Nvidia (NVDA) has been on a rollercoaster ride lately, with its stock price exhibiting significant volatility. The recent formation of a lower high and a potential lower low suggests a downward trend may be in the works. A key support level lies around $98, marked by trendline...

Average_Joe_Options Sep 2, 2024

NASDAQ:NVDA NVDA has been making headlines recently, with a significant bounce off support in the mid-90s and a successful breach of both the 100 and 50-day moving averages. This technical bullishness was further reinforced by the strong demand and growing penetration of AI into various markets. However, the post-earnings retreat below the 50-day moving...

Average_Joe_Options Sep 2, 2024

COINBASE:BTCUSD , NASDAQ:NVDA , NASDAQ:COIN , AMEX:HODL , AMEX:ARKB NASDAQ:IBIT , AMEX:GBTC The Long-Term Bullish Case The fundamental argument for Bitcoin's long-term bullishness remains strong. The US Dollar, as the world's reserve currency, has been steadily losing value over time due to excessive government spending and quantitative...

Average_Joe_Options Aug 17, 2024

NASDAQ:SBUX , NYSE:CMG , NYSE:YUM This 24% jump in SBUX stock as a result of recent news of them hiring Brian Niccol seems a bit excessive. Sure he is a wonderful CEO and he has made significant improvements in both companies he has run, but this situation seems significantly different. With NYSE:CMG he was able to trim the fat and cut all costs...

Average_Joe_Options Aug 11, 2024

NASDAQ:TSLA I'm torn on Tesla (TSLA). While I believe Elon Musk is a visionary leader, the stock's short-term outlook appears challenging. Increased pressure from Chinese manufacturers like BYD and broader macroeconomic headwinds make a bullish picture difficult. Tesla is more than just an automaker, with tailwinds from its energy storage, self-driving,...

Average_Joe_Options Aug 11, 2024

NYSE:ANF ANF has recently pulled back from its all-time high (ATH) following its latest earnings report. Despite strong earnings, same-store sales, and electronic sales growth, and a dynamic inventory selection, concerns about a potential recession have weighed on the stock. Key Developments: Recently dropped below the 100-day Moving Average (MA) ...

Average_Joe_Options Aug 10, 2024

NASDAQ:WING WING has recently broken out of a previous upward channel following positive earnings and raised guidance. This pattern resembles a head and shoulders formation, and a neckline break could at least trigger a retest of the 200-day MA. Key Developments: Uptrend channel breached. Retested bottom of previous channel, failed to break...

Average_Joe_Options Updated  Aug 4, 2024

ANF's Recent Pullback and Future Outlook ANF has experienced a significant pullback from its all-time highs after its most recent earnings report. This trend isn't unique to ANF, as even Lululemon (LULU), a market leader, has seen a drawdown since the year's beginning. However, I believe ANF's current rise is likely a short-term bounce, not a sustained...

Average_Joe_Options Aug 4, 2024

NASDAQ:META Although the macro environment is starting to look more negative for the equity market, I believe this to be one of the outliers that may still have some room to run. Recent earnings showed a modest increase in spending designated for AI, which was a worry of mine going into earning with Zuckerberg's track record of overspending. They seem...

Average_Joe_Options Aug 4, 2024

NASDAQ:AAPL It's really starting to feel like AAPL is getting ahead of itself here. Sure, their recent earnings report looked decent, but I think some big takeaways are the decrease in China sales and decrease in iPhone sales. Sure, their services revenue will continue to increase and their buyback props up the stock, but there has been no true...

Average_Joe_Options Aug 4, 2024

NASDAQ:NVDA On July 17th, NVDA broke out of a symmetrical triangle formation. Based on this, the current price target is $96. NDVA recently broke below its 50-day MA, which was then retested and failed to break above. Given the current macro environment and high market fear, I am looking to hold off until the price target is reached before considering...

Average_Joe_Options Jun 2, 2024

On the macro side of things it seems like the dreaded stagflation scenario is more likely than not. With GDP slowing, inflation persisting and unemployment creeping up the overall economic outlook doesn't seem great. Add in the overseas tensions with two active wars and China seeming to increase aggressive talks on Taiwan, it would make any normal person hesitant...

Average_Joe_Options Apr 28, 2024

Overall market: Last week the market was all over the place, originally falling due to META, but then bounced after MSFT and GOOG earning. It seems tensions in the middle east are going to continue and any bad news can have a significant impact on the market. In addition inflation seems to be stickier than previously anticipated and higher rates for longer...

Average_Joe_Options Updated  Mar 2, 2024

ANF has been on an absolute tear. Is it warranted?? Yes, their earning have drastically improved, but is this growth sustainable with continued increases in credit default rates? This brand has no cult following like that of Lululemon. YTD +40% 1 year chart +331% +66% previous peak in 2007 when this clothing brand was the one and only for teens. Currently...

Average_Joe_Options Mar 2, 2024

AMD vs. NVDA: When looking at these two stocks it's clear that NVDA is the clear winner and will maintain its pricing power over alternatives. NVDA's Gross margin (75.97%) is +35.57% that of AMD (40.4%). Although AMD has a low price to sales ratio this is likely due to them having a "Walmart sales model". High volume, low margin. This is illustrated...

Average_Joe_Options Nov 26, 2023

Like many other stocks AAPL has been on a sharp rise up since testing its 200 day MA. After testing the 200 day MA AAPL has broken out of a descending wedge to the upside. My conservative price target was $196 which was $2 short of its all time high. Momentum has started to slow and it is looking like AAPL is ready to retest its 200 day. Negative divergence...

Average_Joe_Options Nov 26, 2023

NYSE:CMG Year to date Chipotle is on an absolute tear. As of writing this post, it is up 58% YTD totaling +$848 per share. Due to its share price, it has a low daily trading volume and wide bid-ask spread making it a more risky trade. Since 10/25/23 it has been on a straight line up after retesting the 200-day moving average. RSI is currently at 80.77...