DrConservative

DrConservative

$150 was a popular area from April to July. Once it finally broke through, it went to its high for the year of $168. Even after a good earning report, JNJ has been on the decline since. It hopefully found support at $150. It stayed in the support range for two days and immediately had the bullish engulfing candle, a nice sign. In addition, this same period...

DrConservative

Time to start accumulating some XLK? I think so. With the 200-day on the yearly chart being breached, I believe this a good entry point. Buyer be aware, painful times may be ahead. Going with weekly purchases on this one for dollar cost averaging. Quick spike up my result in a quick sell on my end but I’ll also welcome ongoing movement down. From a technical...

DrConservative

I like the recent run up but did it go too far, too quickly? I think so. From a simple perspective, this stock is approximately 27% above the 200-day MA (looking at a year chart). This is by far the farthest it's been away from the 200-day (up or down) this year. On a two year chart, the farthest it got away from the 200-day was around the 27% range. At that...

DrConservative

Do we get a double top or major breakthrough? I just don't see a breakthrough with all the uncertainty and election around the corner. I expect volatility. I am not an attorney, accountant or financial advisor, nor am I holding myself out to be, and the information contained in this post is not a substitute for financial advice from a professional who is...

DrConservative

Did Cisco and Sisqo peak at the same time? Remember that shitty song the Thong Song? Yeah, me neither. Kidding, that 2000 delight is now in your head and you have yours truly to thank. You’re welcome. Ironically, these two close names share a brief history of literally peaking at the same time, yet to quickly fade. Cisco created bag holders for years to...

DrConservative

Okay, Okay, that was cheesy. I hated those commercials just as much as you. Down 50% in two months? Sign me up to start a position. I understand that the downtrend might not be over, but I'm certainly comfortable with starting a position and averaging down, should it be necessary. Actually, I'm not going all in so happy if it falls more but a sideways trend...

DrConservative

I was wrong on BMY before and I hope I'm not wrong again. On a yearly chart, we have all sorts of fun things going on. We had a double top in March followed by a downward trend after weak earnings. After the post earnings bleeding stopped, we get a triple bottom. Downward trend line was broken before earnings. In addition, before earnings, we had the stock go...

DrConservative

SPY quickly approaching the 50-day MA on a yearly chart. Does it bounce off the 50 and continue higher? Doubt it but earnings season and election volatility is right around the corner, so anything can happen. What SPY has not done in a while is trade sideways and my guess is that is what it does for the next few months. If it continues downward, next support...

DrConservative

Looking at the two year chart, BRKB looks like it's going to make another run up and then trade sideways for quite some time. Nice break on the trend line after a five month sideways (somewhat downward) movement. I am curious how much it runs up. I feel like Berkshire has gotten no credit lately, especially for their stock portfolio. I understand you pay...

DrConservative Updated 

Watching the present area of around $53.50 which has been major resistance on several occasions. Need it to break through with above average volume. Recently crossed the 50-day MA. If it can't break through resistance, I am hoping that the 50-day is new support level. Beaten down stock. At the very least, I believe that the worst days are behind us.

DrConservative

Recently went under the 200SMA which was cause for concern. However, it bounced back over it rather quickly with volume remaining somewhat normal (minus earnings day). That's 3 occasions of approaching support at 180. If it was to dip below it, I would consider a stop loss around 175-177.50. If it can climb over the 187 range with up average volume, I think...

DrConservative

The chart and fundamentals are too easy here, right? What am I missing? Consumer Staples have been hit hard and I would own most of these companies during any time period. However, the market gave us a gift and it should be easy to capitalize. Going long here on pure fundamentals. On a technical basis, the chart looks good but keeping my eye on crossing the...

DrConservative

What do you do when you can't figure out what the heck is going to happen next? You straddle, baby! Earnings todays after the bell. Last four stock moves post earnings... Price Change % = -3.68% -2.5% -22.85% 12.37% Per The Fly - Implied volatility suggests the market is anticipating a move near 7.7%, or $3.59, after results are released. Median move over the...

DrConservative

Honestly, I can't make sense of the chart so send any jokes my way. Be gentle. What I can make sense of this things appears to be oversold as does oil. RSI is below 30. They should be filling SPR at these levels (stressing the word "should"). Uncle Warren is probably gobbling up OXY at these levels and the Middle East is in turmoil. I'm buying calls ($57...

DrConservative

Consumer staples have been hit hard recently and I can't imagine this one continuing to go lower. Sure, health is all the craze but when times are tough consumers go for the cheap stuff. Plus, eating healthy sucks. Jump on this dividend beheamoth before it's too late. Play: Buying the $1.25, 1/12/2024 call - SP = $41 Also, sell the .60 CSP and collect...