ConvictionTrades

ConvictionTrades

AMEX:SPY CME_MINI:ES1! SP:SPX January Barometer: The month of January has already closed with a net gain over December. Therefore, in accordance with the January Barometer this suggests a positive year. First Five Days Indicator: The first five trading days being positive further supports this outlook. Although they were barely positive at +0.6% it still...

ConvictionTrades

AMEX:WEAT WEAT has been in a secular bearish trend for over 15 years. But that has not been without bullish bursts. However something happened to WEAT recently were it successfully broke out thru its 200 DMA in April of last year. In my opinion this signaled the beginning of a change in trend for WEAT. Normally stocks shift from Bearish to Range then to Bullish....

ConvictionTrades Updated 

NYSE:GME The latest Short Interest data has been updated recently by FINRA. Keep in mind that SI data always lags by two weeks as they are introduced. The SI data with a settlement date of May 31 shows that SI has dropped from 22% to 15%. This is a massive drop as it is the lowest number of shares short in nearly 2 years. This also explains (in hindsight) why...

ConvictionTrades

NASDAQ:RENT This stock has been on a secular decline since it's debut 2 years ago; but recently the stocks started a bullish trend. It has a massive daily ATR of 17%, so expect major volatility. But this is the kind of stock that can also do a 50% move in a heartbeat hence my interest. Fundamentally as can be seen on the chart below, the stock loses money but...

ConvictionTrades Updated 

ADX:PRESIGHT PRESIGHT is a data analytics company with seemingly a niche in sports analytics but the majority of its money comes from doing digital ID services for the government of Kazakhstan. They do use the name "Generative AI" in many of their releases but it is not clear yet how that's different from what used to be called "Algorithmic" just a couple of...

ConvictionTrades

DFM:EMAAR I am looking to make a 24% return on EMAAR in the next 4-5 months. The thesis is based on seasonality aligning with technical analysis. If you look at the orange line in the chart above, which reflects the stock's seasonal performance, you will see that EMAAR typically rallies into it's August earnings report (Q2 financials). Q2 usually beats Q1...

ConvictionTrades Updated 

ADX:DANA DANA Gas has its Q1 earnings results scheduled for May 14th. Looking back on how DANA has performed, we see that it has missed 9 of its last 9 quarterly earnings. This is clearly not a good trend. Furthermore we see that analyst estimates for the upcoming quarter are only 2% less than what they expected for the same quarter last year (See fundamentals...

ConvictionTrades

ADX:RAKPROP RAK Properties is setting up technically for a couple of swing trades. The first swing is about 11% profit target and the second one is about 29%. You can sell partially at the 11% Profit target or sell completely and re-enter where indicated on the chart for the second price swing. Please note, the price levels are what is critical here. The timing...

ConvictionTrades Updated 

NASDAQ:TARK AMEX:ARKK TARK the 2x ETF based on the popular ARKK etf is on the move. I am expecting a bullish climb into the close of the year. I have laid out the trajectory but most importantly the levels at which to short it as it moves higher to collect profits on the way. Magenta and yellow arrows are where to initiate shorts and white arrows are for...

ConvictionTrades Updated 

AMEX:MJ Here I am timing an entry into the MJ ETF as it makes a recent major correction. MJ has gone thru a massive secular bear market since it’s high of $34.5 in February of 21. It has been going down ever since for 2.5 years. Why? Because a lot of investors were hopeful that with a democrat in the white house marijuana will be legalized. But it became clear...

ConvictionTrades Updated 

ADX:YAHSAT Al Yah Satellite is a company that builds/buys satellites and launches them into space. While it is a public joint stock company, it is really a semi-government company, a subsidiary of Mubadala, with heavy ownership by UAE top leadership. They currently have 5 satellites in orbit. The satellites basically provide broadband internet service, backhaul...

ConvictionTrades

OANDA:XAUUSD Shown here is an hourly chart of the spot price of Gold and my price forecast based on a statistical study of Gold's reaction against Bollinger bands. The price forecast is then shown using the wave tool. So this is not an Elliot wave analysis. I am only using the tool to project price. This is a statistical forecast. The key entry levels for...

ConvictionTrades

AMEX:TSLY This an Exchange Traded Fund by YieldMax ETFs kicked off in Nov 2022. The Fund’s primary objective is to provide income by selling TSLA options for premium and distributing them back to investors as dividend payments. The Fund’s secondary objective is to provide exposure to the share price of the common stock of Tesla (subject to a limit on potential...

ConvictionTrades Updated 

ADX:EAND In this post, I am featuring a multi-year investment opportunity. An opportunity to make 100% return over 2 years. This idea is for my investment account. It is for growing money steadily over time for retirement. If you are looking for a trade, then this is probably too slow for you. Etisalat is a company whose sales are 10% of the UAE’s GDP....