StockPickingEnthusiast

StockPickingEnthusiast

I provide you both sides of the argument. Goodluck. M or Cup and Handle? Bear or Bull? Economy healing or double-dip incoming? Your choice, but be pragmatic and risk averse.

StockPickingEnthusiast

Directly in the supply zone, earnings and guidance were blah... Cost-cutting not enough for investors at the moment.. Investors unsure of macro-outlook in coming months... Not a buyer here personally..

StockPickingEnthusiast Updated 

This has reached a bit too consensus for me. Fading/closing longs on Gold/gold miners.

StockPickingEnthusiast Updated 

Gold Miners have suffered, and this one has now capitulated in my opinion. Yielding 5.6%+ and near a hefty demand level between 38-35, I'd expect a new uptrend in this one sooner rather than later. (See pink circles in the longterm squeeze indicator chart, extremely eversold - second most since 1985)

StockPickingEnthusiast Updated 

Gap almost filled for SMH

StockPickingEnthusiast Updated 

Goodluck

StockPickingEnthusiast Updated 

Goodluck Retesting the channel it broke down from...

StockPickingEnthusiast

Goodluck

StockPickingEnthusiast

#CPI Data Thursday...

StockPickingEnthusiast

Let's see what happens next with CPI this week.

StockPickingEnthusiast Updated 

This seems like a no brainer long above 406. Goodluck.

StockPickingEnthusiast

IWM descending channel resistance

StockPickingEnthusiast Updated 

$IXIC Nasdaq Composite now vs. then 2021. Notice the resemblance to channel support/resistances aligned with the bubble spike above channel between the two charts and then notice the 8month MA (yellow) vs. 50month MA (red). The chart is extremely earie, and you need to take notice. Current: Then (2021):

StockPickingEnthusiast Updated 

TLT appears to be bottoming/finding support. This also suggests that rates may be finding a top soon. But I do not expect stocks to reap the rewards thereof, as I expect Bonds to get bought up as a form of safety very very soon.

StockPickingEnthusiast Updated 

$AMD trade plan, we may see it test anywhere from 92 to 87 but it reports earnings on 4/26 which I have a hard time believing at it's valuation it would not get bought up into earnings. Thus, I am loading the $110 strike 4/29 calls that capture earnings. Gluck!

StockPickingEnthusiast

Not sure, but it found Log chart parallel channel support. Goodluck, earnings in about 15 sessions.

StockPickingEnthusiast

No free lunch here, only a shared perspective to be on watch for.. January vs. now $VXN setup.

StockPickingEnthusiast Updated 

Just an idea, but has sub 15 p/e and should be extra profitable this year..