lets_daft

lets_daft

S&P is nearing a major support trend line. I'd wait to see 5% move from either direction against the support line to confirm a long-term up or down trend.

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If you believe we're in a bull market, then this chart should look pretty bullish to you. ETH bounces off this main support and continues its run...

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Posting this for posterity sake. NYSE:GME I'm seeing some major consolidation - and this is a really good thing. It means the proverbial rocketship is getting fueled up. The implications of the fib retracement this are that the stock will trade within each of these bands. Each of the lines provides a support or a resistance level depending on if the price...

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This company has been sitting out of the limelight for quite a while. It's retraced a previous gap and now its sitting firmly on a fib support line + somewhat strong ascending support line.

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VXRT has had its precipitous drop. It's hitting a major support line at its gap channel. If It does drop, expect it to find support at or near it's gap. Otherwise, likely to see a major rebound here.

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GME is solidly hitting its fibonacci bands. However, be cautious about gap-ups. While they are bullish signs, GME has retraced every gap-up. Some of the more substantial gap-ups have seen days with -50% only recover within the trading day. Enjoy the volatility and be careful.

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BYND soared on the Pepsi news, but TBH - it wasn't really a catalyst for anything new. I believe the market is actually waiting on bigger news re: KFC and possibly other major casual outlets. Here's the thing, they're already in with Pizza Hut, which as a part of YUM brands, means they have the needed connections into Taco Bell (www.marketwatch.com) which has...

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Category leader in what they do. Access to A/V for high-end households. Market Cap of < $4B. Potential undervaluation here.

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TL;DR - BYND Sept 17 150C BYND Sept 17 180C BYND Sept 17 240C If you look through my history you'll see that I've generally been a perma-bull on BYND. It's a great company and has pretty stellar product. They're not as "meaty" as Impossible, but they're meaty AND not greasy but really filling - think of it as a different burger category altogether - like the Yin...

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CRM is the new MSFT (and MSFT is still the same trustworthy MSFT). Salesforce looks to have filled its earlier earnings gap up. I don't expect a wild gap up recovery from this at all, but instead a steady and healthy climb back to 250 by Mid Feb. If that seems too aggressive, $250C May 21 2021 is also pretty cheap. What makes me nervous is that CRM should have...

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Nordstrom's been hit really hard - and rightfully so. It's a department store in the era of specialized stores. As a sector, department stores are commodity brands with minimal appeal. That said, out of all the department stores, there's really only one store that has made a brand for itself - Nordstrom. Of all the stores out there, I believe it has the least...