TLT/JNK Ratio vs SPX. Sell in May and go awayStrong correlation between 20 yr bond and high yield junk bonds.
market tends to enter volatility when this ratio bottoms/breaks out
Bankruptcy
Double Bottom Near PCZ of Bullish Gartley and Bullish DivergenceBuying this asset anywhere under 10 cents seems like a bargain to me as i believe we will in the mid-term future see this asset rise back to pre 2019 Bankruptcy levels on the weekly as the company has still been around and selling goods ever since and therefore has great potential for a recovery given that it formerly was the third largest dairy company in the US.
As seen on this weekly chart here we appear to be breaking out of a falling wedge and back testing the neckline of a double bottom looking structure with plenty of bullish divergences to back it up I would surely be buying and holding this asset for the long run:
$DJI GREAT DEPRESSION ALERTFolks money can’t continue to print out of thin air to pump stocks forever! This is a warning, we are at the final stretch before our overvalued markets collapse!
Exit AMCAMC is Bloody mess right now. Also current news on AMC needing shares bought or will have to file bankruptcy is not looking good.
When I see AMC situation I remember HTZ* and GNC*.
Beware traders. Don't lose your shirts.
*Indicators used*
-Zig Zag
-Pivots
-Vol
-MACD
-Super Trend V1.0
MACYS GOING SHORTMACYS is being attacked from two sides. It has been depending on commerical real estate sales while its profitability has diminished due to consumers moving to online sales. Now in a potentially depressed post covid 19 commercial real estate collapse and competition from well established online retailers, Macy's is looking more and more like a dinosaur of a previous economic era and soon to be a fossil like JC Pennys.
They missed their chance to develop an online strategy back in the late 90s and early 2000s. The covid 19 shutdown was the final wake up call for Macys but it is unlikely this bohemith can redeploy its resources fast enough to save this titanic of brick and mortar retailers.
NYSE:M
Chances of a reversal? looking for any and all opinions on this chart?
I find it crazy that Aamc would end up disappearing into the abyss, but then again these are crazy times and AMC is bleeding out cash.
I can see this rising back to $4 before taking the death drop if there isn’t any good news soon. What do you think?
Post your thoughts below.
$JCP $JCPNQ At a Precarious Make or Break PointThe Company recently filed for bankruptcy. Some calling it the next Hertz, but it might turn out to be the next Sears instead. Either way we're just looking at the technicals, and that usually tells the story on whether its a good flip or swing trade and usually it would be, for a few days.
However this one has shown the gains go as fast as they come and precaution needs to be taken on jumping the trade, the timing has to be impeccable as the algos are quick to take it back down.
Trade with caution.
WCAGY WDI Time to reenter this trade | WirecardWith a Mkt cap of only 262.95M, once the pride of the german fintech, Wirecard has still room to grow if they manage to reestablish trust with a new board.
The indicators show a buy signal at the actual price.
Not trading advice.
If you are interested to test some amazing buy and sell indicators, which give the signal at the beginning of the candle, not at the end of it, like others, just leave me a P.M.
RTS INDEX (SHORT)RTS- the opportunity is a SHORT with pricing collapsing to the yellow zone and then huge potential falling of the cliff to the blue zone. as the crash unfolds and i have more data i will have a better outlook in prices falling to the blue zone
Hertz - going against the crowd, buying the bloodHere we have a stock that exploded so hard in volume that it stood out among all others. Come to find out from further research they're going bankrupt. As they're attempting to sell stock, chairman Powell stops the trading on Hertz and on the same day he announced a shift that the fed is doing. They're switching from buying ETF's to buying corporate bonds/ supporting individual companies. We see this with the funding of Inovio. We're looking at a company that was completely affected by covid and they have a big role as a large company providing used cars to Carmax, Autonation and countless other dealers. Everyone thinks they will fail, this is the perfect opportunity for somebody to buyout the options, bring out the news, and buyout the stock causing a massive breakout.
I'm not a bullshiter so here is my position: imgur.com
And so reality catches up...A couple of days ago, I highlighted an anomaly about bankrupt companies spiking up. Over the last two days, Hertz, being one of such, had a bearish harami, now a three inside down, candlestick pattern. This came after failing the 55EMA.
REALITY BITES... HARD.
Stay safe.
When the shoeshine boy makes money off the market... It was just less than 20 days ago, that Hertz filed for bankruptcy protection . It’s a centurion company, mind you.
And over the last couple of days, Hertz’s stock bounced so hard , you know it’s as if the boy who shined your shoes no longer does it cos he made money off the markets and quit his job.
Wait... does that sound familiar???
Caveat Emptor !
Check out the chart here... it’s amazing.
LTM: $2.25 Price Target: High Risks = High ReturnsFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, here are a few of my insights. Currently, LTM has reached a spike after its bankruptcy protection filing. For people to say that LTM (which is at a dire financial position), will receive another spike is like listening to Johnny Cash's Ring of Fire , while on fire. It is a high risk pick, but I still think it is worth it. Realistically, I think a price target of $2.25 is imminent for a quick profit turnover. This is especially true if support continues.
#de30y - Please, please take the money ;-) #eurobonds #ecb #fedPlease, please take the money and keep it forever. Repayment is just like interest payment - devil's stuff, that's why the investors like to pay the interest to the (above all, God like) German government, so the burden of economic decision is taken away from the investors. The honorable and cheered government can distribute the money to all big companies and their shareholders, as well as to our EU-Friends. (Irony off)
1st target: - 0.9% p.a.
2nd target: - 1.5% p.a.
3nd target: monetary reform
Greetings
Stefan Bode
Hertz - Chapter 11 vs Algorithms Hertz just filed for everyone’s favourite chapter in the book. I’m posting this idea 12 hours before the market opens because I am beyond curious how industrial algorithms will react to the announcement, plus the fearful trading sentiment around the stock.
This is the first time where I get to closely watch the price of a stock pre market hours after the bankruptcy announcement came in. I don’t know what to expect, but god nothing makes me more excited than algorithmic behaviour patterns.
Thoughts?
Current price: $2.84
CHK - Cheskapeake - Mirror? $CHKIn mid to end may we saw a pretty perfect mirror of CHK's stock and while further analyzing the current trend it looks like we may be due for another mirror. There is an obvious BK concern with CHK however i feel this is the continuation of their dead cat bounce - but with a very direct purpose = driven by institutional owners to offload the stock at a decent price. As of last week we saw the Carlyle group and affiliates dump the stock in very attractive fashion, I believe they only need to hype the stock up a bit more to get it to follow this expected path. Stay protected.
JCPenney - Worthless piece of junk Money had been flowing out of this asset since 2012.
Harmonic target is below $0 dollars.
JC Penney - JCP - Hold - The Company might file for Bankruptcy Just Hold
Technical Analysis - check the differences between JCP price movement and Macy's or TJX. those two seem that they have already digested the coronavirus and they are ready to change direction (When?? we do not know). JCP keeps going down
Fundamental Analysis:
J.C. Penney could file for bankruptcy as soon as May 15.
It is in talks to fund its business during the bankruptcy process.
One option is a $300 million to $500 million loan, which is far short of the $1 billion the company had hoped for.
Neiman Marcus and Preppy retailer J. Crew I think that they filed for Bankruptcy this week.
Worse-than-expected economic data implies S&P 500 downturnRetail sales data, industrial production data, and capacity utilization data for March all came in quite a bit worse than analyst forecasts today. The Empire State manufacturing index for April also hit a record low, falling nearly 40 points more than expected.
Bankruptcies are also piling up this week at a much faster pace than last week. Publicly traded companies that declared bankruptcy include FTR , HOSS , and LKSD . Also at imminent bankruptcy risk are JCP , CLUB , and I . Lots of private companies have also gone into bankruptcy, including the XFL, True Religion, FoodFirst, Fairway, Pace Industries, Longview Power, and lots of small farmers in Wisconsin. The cities of Vancouver and El Cerrito are also on imminent bankruptcy watch.
These metrics suggest to me that the jobless claims numbers Thursday are going to be bad again. I also think the market is overly optimistic about the long-term economic outlook and the return to normalcy once the economy reopens. Zacks, for instance, is forecasting that most of the lost jobs will return once this is all over. I'm less optimistic that companies, having burned a ton of cash, will be able to rehire the people they laid off. Some jobs are also being automated as we speak.
Here's one example of the economic ripple effect the shutdown is going to have. Cities will lose 25-50% of their revenue this year, and they will somehow have to make up their budget shortfalls. Most of them will raise taxes, perhaps in the form of a temporary coronavirus tax. That will be a drag on economic recovery, which will take a lot longer as a result.
In terms of technicals, I expect at minimum a near-term test of the 20-day moving average, and possibly the ten-year trend line.
Be careful of the creation of a new entity with government moneytwo options are on the table
1) liquidate the hold structure and create a new entity wif-ch mean existing shareholders lose all because simply the company is virtually bankrupt without Taxpayer money
AND MY OPINION IS THAT THEY SHOUDL PUNISH SHAREHOLDER FOR TAKING THE RISK IN SUCH LOUSY INVESTMENTS , THIS IS CALLED CAPITALISM WITH ITS FULL RISK AND REWARD
2) They decide to lend the money with state guarantee to finance the rescue of the company , politically much more sensitive but unfortunately the still most likely scenario
I believe like any badly managed company they should pay the price and go burst . And let the state nationalise it and take over the assets and the workers
IT IS WAY TO EASY TO ACCEPT CAPITALISM ONLY WHEN THE CIRCONSTANCES ARE GOOD AND PROFITS ARE PLENTY !!! MEANING NO DOWNSIDE RISK IS IN THE EQUATION LIKE ANY OTHER BUSINESSES IN THE US
Today's 100B convertible announcement confirms downtrendPre-Market announcement of US$100M Short-Term Convertible.
Unfortunately, this confirms the assumptions I made in my latest video on my YT channel "DONGXii"
> NIO is cash strapped and not able to close a big financing round.
> 1B funding rumours with GAC will not materialise (for now).
> Strategy is to finance operations through creating cash flow by selling cars, which I find very dangerous considering NIO reported dramatically lower average selling prices (ASP), Q1 is usually the weakest quarter for all automotive OEM in terms of sales, impact of corona virus.
> Issuing bond after bond with goal of securing larger sum at terms accepted by management including CEO Li Bin.
> 🔥 Playing with fire: 100M USD in convertible funding. 200M+ USD burn rate.
My prediction is that NIO will be stuck in downward channel and will only find support in the 3 USD area. If by then a real funding round of around 1B is finally announced and secured, it may break out again opening a bullish reversal.
Otherwise NIO could even break below 3USD.
You can see my video I posted on my DONGXii YT channel to get the detailed reasons on the funding situation. I was all correct to suggest that NIO tries to fund for now by going bond by bond. This is very dangerous and should be recognised by the market!
Meanwhile I stay neutral on the stock.
$RAVE Is A Sinking Ship, Don't Buy The Dip$RAVE continues to look like it's heading for the trash heap. A reshuffling of management on Friday failed to instil any confidence in the market and the stock dropped 32%. This is one stock to avoid or for aggressive traders, go short.
Rave Restaurant Group, Inc., together with its subsidiaries, operates and franchises pizza buffet, delivery/carry-out (delco), and express restaurants under the Pizza Inn trademark. It operates in Pizza Inn Franchising, Pie Five Franchising, and Company-Owned Restaurants segments. The company’s buffet restaurants are located in free standing buildings or strip centers in retail developments that offer dine-in, carryout, and catering services, as well as delivery services. Its delco restaurants provide delivery and carryout services that are located in shopping centers or other in-line retail developments. The company’s Express restaurants serve customers through various non-traditional points of sale that are located in convenience stores, food courts, college campuses, airport terminals, travel plazas, athletic facilities, or other commercial facilities. Rave Restaurant Group, Inc. also operates and franchises fast casual restaurants under the Pie Five Pizza Company or Pie Five trademark. As of September 30, 2019, it owned, operated, and franchised/licensed 261 Pie Five Pizza Co. and Pizza Inn restaurants, and Pizza Inn Express kiosks in the United States and internationally. The company was formerly known as Pizza Inn Holdings, Inc. and changed its name to Rave Restaurant Group, Inc. in January 2015. Rave Restaurant Group, Inc. was founded in 1958 and is based in The Colony, Texas.
As always, use protective stops and trade with caution.
Good luck to all!
