Bitcoin has been on a run! It's about to hit new all-time highs (or it already did). What was most surprising was how it crashed right before Thanksgiving only to spike and rip higher once again. Congrats to the resilience of this asset. Clearly people see the power and potential. Now for this chart analysis I am looking at two charts side-by-side: Bitcoin...
In this video I am thinking out loud about some exciting things happening in markets. Especially how Elon Musk has outdone Warren Buffett. That's right. Tesla's market cap is now bigger than Berkshire Hathaway's market cap. I never saw that coming. I am not sure why, perhaps the potential growth continues to astound people. For the really bold thinkers, maybe...
I wanted to quickly examine Bitcoin and Tesla since the start of the year. Both assets are really fascinating. They are, in some respects, doing the same thing: changing an old industry with an entirely new approach and not much care for what any of the critics or competitors say or do. They know what must be done and they are on the path. The orange line...
NIO trades on US markets and, lately, has had some massive volume surges. NIO is an electric car company based out of China. It has no cars in the US. It may never have a car in the US. And yet it has a market cap of $65 billion and continues to climb higher. It's now competing with Tesla and is almost 1/5th the size of Tesla. Whoa!? That's how markets work....
This is a pretty simple chart of Bitcoin showing two key things I am looking at. First of all, congrats to everyone who has held this entire time. That is no small feat. Bitcoin has been volatile for many years. Some have tried to make fun of it. But it has managed to hang in there each time. So congrats! Above 16,000 is a powerful. On a weekly chart, that is one...
The betting markets suggest its over. This chart showing Biden vs. Trump crypto tokens explain it all. Biden keeps hitting new highs while Trump keeps hitting new lows. The only way this will turn is as follows: Trump wins Nevada, Arizona, Pennsylvania, and Georgia. That's not looking totally possible. However, what is interesting, is that all of these states...
Well this is only getting more interesting. First Trump was winning. Then it dumped! Biden was winning. He's been winning ever since. Votes are coming in. There's a lot of confusion with mail in votes and in-person votes. So there's no rhyme or reason to how this is all working. That's the important part. Nothing is certain right now, not in the betting markets...
Netflix for the first time in a while, is just looking pretty weak. It is below its 50-day moving average AND its 100-day moving average. It looks toppy as well, almost as if a double top has formed. I think Netflix is a great company that has done a lot to change the world around content. I also though find its recent slump to be interesting. First of all,...
Twitter just get hit hard after earnings. I personally was super impressed with their earnings and revenue growth. Free cash flow was awesome, too. US markets are doing well, globally, too. I really like Twitter but was bummed to see the drop. What's my game plan or thoughts? I will wait until $40. I think there's a lot of support there. If some people sell and...
Amazon reports earnings this week and it's been one of the best companies of the decade. The growth seems to never end. I don't have a position, but I watch Amazon closely to see what's going on at the company. The key for me is quarterly revenue growth. They saw a massive boom in revenue during the first part of the lockdown. The question now is: what next? Does...
Fastly trades at at a price-to-sales ratio of 32. AND that's after a 40% drop in its share price and a guidance cut. I mean, there are 4000+ other stocks to pick from and probably 10 other similar names in this space. I'm not sure I understand why so many people are crazy bullish about this name. Unless you think they can double and triple their revenue for the...
It was interesting to watch Snapchat today after its earnings beat. It soared 30%. I personally think Snapchat is great, but have never really understood the long-term growth plan. Snap Kit seems really promising. But I noticed their user growth is not growing as fast as Instagram or Facebook or TikTok. So it's interesting to see that it's worth $50+ billion. At...
Zoom now has a market cap of $165 billion. It's 750% YTD and trades at a price-to-sales ratio of 126. Wow! I don't remember the last time I saw a stock rip like this with that kind of valuation and market cap. It is truly impressive, but also possibly slightly overextended. I have no position, but am watching closely. Zoom has become THE barometer for economic...
I think Peloton has created a great exercise bike. And some novel new ways to watch workout videos on your phone. It recently hit all-time highs and has been spiking higher. Its market cap is now $38 billion. I am a fan of technology, growth, and change. But I also know that as a society we have been making exercise bikes for 30+ years. This is not the first...
One company that I have always checked in on is Twilio. They send text messages on behalf of companies for two-factor authentication and other services like chat bots and custom messaging strategies for marketers or companies to communicate. It is a cool company and it is definitely impressive. Hat tip to what they've started. And look at this boom. Now worth $40...
Today's drop and then rally was EPIC. Nothing short of it. The Nasdaq-100 closed in the green. The bulls have won! Or have they? I made this chart to show a few things that are worth considering. 1. The Nasdaq-100 would need to rally 12% right back to get back to all-time highs and right as the mid-term election is starting. The market is also unpredictable so......
Here's a weekly chart of gold. It goes back to 2011 and a even shows some of 2009 and 2010. But the focus of this chart is the epic rounded bottom since the 2011 highs, which are now rounding in a possible cup and handle formation. This could take weeks to play out. The chart I am sharing here is a weekly after all. Let's see if the bulls and bears have a good...
I'm not sure what's next and no one knows what is going to happen next. But Tesla is down 20% in two days. They've split their stock and they've used every marketing trick in the book. Short interest is also down to about 8% or maybe EVEN lower. I think that's the lowest it's ever been. It will be interesting to see what happens next but myself personally will be...