PropNotes

PropNotes

Two companies to watch into earnings - this pairing has the potential to continue running, especially given the state of direct to consumer retail in the era of Covid. Good way to reduce market risk while getting some PRPL exposure.

PropNotes

SLV, /GC and other precious metals are rallying hard while DXY continues to sink off of the back of central bank easing. No Reason at this point not to join the party. There were a few people at the beginning of this predicting a new precious metals super cycle, and while I'm not sure something to that degree will happen (Look at /GC around 1998-2006), I think we...

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This is one of the more insane calls I've seen of late. Last night NVAX released drug data which was interpreted as a huge positive, and thus the stock is rallying this morning, especially following a JPM call that the company's fair value is $275. That's quite a bit of headroom from where we are now, and also about 70% upside from yesterday's close. A quick look...

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I've had some followers ask me to take a look at the recent selloff in the dollar, and so that's what this post is all about. I think a couple of things are important to understand when looking at currencies. Firstly, while the recent movement seems drastic and violent, it's actually rather tame compared to moves from years past. We are still trading within the...

PropNotes

SQ has had an enormous run since its march lows due to the business's strong operating results and improving margins. However, in the last two weeks, the rally has taken a bit of a break. While there is some valuation risk here, the momentum still remains to the upside, and this breather could present an opportunity to lock in gains or initiate a new, low risk...

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While other media and tech names have been on a massive run and are beginning to look precariously priced (valuation wise) when compared to operating results + global macro conditions, Twitter has languished and is subsequently a potential buy candidate as operating results are improving, priced at a fraction of the valuation of other market darlings. I usually...

PropNotes Updated 

AAPL is starting to show some signs of weakness, and given XLK's overall importance to the larger US Equities market, this spells trouble. This has the potential to continue higher but the risk right now looks like it's to the downside. Given how extended momentum names are in this market, one should tread carefully with their long positions, especially highly...

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By virtually every measure AAPL's massive rally is now kaput. Multiple trend line breaks, heiken ashi fails, and a general market double top spell major trouble for this uber-cap company.

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Today I'm going to talk a bit about relative value trading, something that almost nobody on this site is familiar with. The best way to learn about it is by running through an example. I've been watching this trade for a long time, and it's finally starting to perk its head up again. CELH is an awesome, high rev growth and high margin business in the beverage...

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This trade is fairly simple; it's looking to capitalize on the fact that Apple and Microsoft, America's two largest companies by market cap, are enjoying the spoils of immense profitability and revenue growth at the cost of legacy technology + communication providers CSCO and ORCL. I've been in for a while and think now is probably the time to share to the lovely...

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The stock has made a tremendous run and I believe that it will come back to test the 1150 area before continuing higher, if indeed it does try to do so. I'm short shares.

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This trade has been my #1 Money maker over the last 5 months, and I just wanted to share it to broaden the scope of what most people on this platform think of as trading while also potentially providing a framework of analysis from which to make more trades. This market volatility has exposed a ton of potential when it comes to trading relative value, both within...

PropNotes

I've been looking through some longer term charts for the majors recently, and this one stuck out to me. The euro and the dollar have been trading in a giant wedge for the last two decades, and we are approaching the bottom of the wedge as we speak. I think that there will be a massive short opportunity As/if the pair breaks below the wedge, as the U.S. economy...

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I wanted to make this post because I think it's important, as a forex trader, to get a sense of the big picture. Too often we get stuck in the scrum, gasping, churning for air, as bigger traders using less leverage keep their positions open, earning profits from massive moves over time. This post is meant to highlight the fact that over the last 7 years, USDCHF...

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I'm looking for a close on either side of the range we are trading in currently. I'll be bullish or bearish overall based on that.

PropNotes

Clear Bear Flag bolstered by general XLF weakness. Not looking to accumulate shares yet as the stock remains in a bear market with likely more market selling pressure joining as the flag breaks.

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I'm looking for a spot to get long USDJPY given that on the higher timeframe we have entered a long-bias market. As soon as I see the candles start turning around on this I'll be entering a long position with a stop below the recent low.

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W is overextended, plain and simple. That, and the potential lower high we are seeing in the overall market makes me want to short this with covered puts. Haven't decided on a strike yet but I like the setup.