NASDAQ & HIGH GROWTH TECH - The Easy Money has been MADEThe great rotation is REAL and HERE IN FULL FORCE. After the FOMC put rates on hold until 2023, investors have begun to rotate into higher dividend yielding stocks and out of bonds. What does this mean for the tech sector? EXODUS. I don't know if it will be fast or slow, but I believe we are about to form a new longer term channel on the QQQ ETF, or tech stocks in general. The details are on the chart.
My tip: watch the higher market cap tech names, when they start selling off, this ETF will follow. All in all, I'm looking for out performance in other sectors and to stay away from tech, until the February 2020 high is hit.
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COMM - Out of NOWHEREPossible trend continuation here. Stop and targets on chart.
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JD - Inverse HnS to Kick-Off a Long Term TrendHere I see an inverse head and shoulders formation that could produce a pretty quick 10% pop. Furthermore, as long as the yellow trendline supports the trend, I will stay in the trade.
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AXP - A Channel to TradeAXP - potential channel with two take profit points. I'll be selling a 1/3 of my position on each one, letting the rest run.
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V - We Have a 1:3 R/R HereA close above 102 could signal a run back to all time highs around 215. My trade info is on the chart.
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DIS - Can it Get Back to ATH by the End of 2020??The plan is on the chart. I like Disney for the new subscription model for their streaming service, Disney Plus. I think the bottom is ultimately in and if the stop is hit, that the stock might retrace to 90. There is a possible channel forming; but will only be confirmed after price hits 130.
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WMT - A Beautiful Chart, Recession Proof CompanyWhile others will publish just about anything to keep their click count and reputation up while first BEGGING you to LIKE their post PRIOR to even READING it, I ask you to first read my idea and THEN decide whether to contact me with questions or like my post. I'm here to help you find opportunities for trades and investments - not to beg you to raise my reputation. Now to the idea:
$WMT weekly chart - it's a beautiful thing. Walmart is as close to a recession proof company that you can find. Pharmacy, clothing, grocery, home improvement, toys, sporting goods, they have it all. They report next month and they will absolutely knock it out of the park. I can see this easily going to $150 and beyond. It's a core holding in my portfolio.
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COST - Do You Like Low Risk/HIGH Growth? COST Gives Us a 1:4 RR!I've said it before and I'll say it again: don't bet against these guys. Given the blow out quarter by $WMT I expect $COST to do the same. I have increased the position in my portfolio and recommended this stock LONG ago to my followers.
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BABA - Breakout Before Earnings$BABA - In consolidation waiting for earnings it seems. I believe there is no reason why they won't knock it out of the park. I'm long and holding through earnings. I believe we see $240 by year's end, $230 in the near term.
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TSM - 10% Potential by EOY PLUS DividendsIf price breaks above the local high (look at green dotted line), we might have a runner back to ATH. My stop will be a close below the rising trend line and will move accordingly with price.
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ORCL - Inverse HnS and Earnings Coming UpTake a look at this chart for ORCL - long term consolidation pattern and an inverse HnS has formed. A break below the right shoulder would invalidate this trade to the upside. I plan to buy commons as well as calls out to August.
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BIDU - A New Trend Has Started$BIDU - earnings made this stock break out. Don't miss the new uptrend. First resistance I have is near $135.00
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BAC - Two Possible Ways to Play ItWhile others will publish just about anything to keep their click count and reputation up by first BEGGING you to LIKE their post PRIOR to even READING it, I ask you to first read my idea and THEN decide whether to contact me with questions or like my post. I'm here to help you find opportunities for trades and investments - not to beg you to raise my reputation. Now to the idea:
$BAC - "Don't buy the banks, they're not performing!" - I just trade what the chart tells me, sorry. This one is pretty simple. If the lower TL holds, we could see a revisit to recent highs where I would look to take profit. If the lower trend line breaks convincingly, we could short it back to the bottom. It's that simple.
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USD/CHF - Low Risk Short, Flip if BreakoutWhile others will publish just about anything to keep their click count and reputation up by first BEGGING you to LIKE their post PRIOR to even READING it, I ask you to first read my idea and THEN decide whether to contact me with questions or like my post. I'm here to help you find opportunities for trades and investments - not to beg you to raise my reputation. Now to the idea:
USD/CHF: this is a prime spot for a small position on a low risk short. We know that if price breaks above .9725, price will likely move up to the areas indicated with my arrows on the chart. If this area holds and price pushes lower, it could be the start of the next leg down. Either way, it's playable!
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CRWD - A Strong Move is ImminentWhile others will publish just about anything to keep their click count and reputation up by first BEGGING you to LIKE their post PRIOR to even READING it, I ask you to first read my idea and THEN decide whether to contact me with questions or like my post. I'm here to help you find opportunities for trades and investments - not to beg you to raise my reputation. Now to the idea:
$CRWD is a crowd sourced, cloud based security firm that is bound to see great growth in the coming months with so many people now working from home. On top of this, the tech sector is hot right now and a break above the 68 handle will trigger another move up. There is a descending trend that was broken and retested; and while I prefer 3 points of rejection before the breakout it also has a V-shaped profile from it's lows. I really want another shot at $55-$57 to add to my position (my members and I are already in the trade) but we may not get it. Look at the note on the chart for my plan.
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AZO - Setting Up for the Next LegWhile others will publish just about anything to keep their click count and reputation up while first BEGGING you to LIKE their post PRIOR to even READING it, I ask you to first read my idea and THEN decide whether to contact me with questions or like my post. I'm here to help you find opportunities for trades and investments - not to beg you to raise my reputation. Now to the idea:
AUTOZONE's supply chain may be severely impacted due to disruption in foreign countries' production capability. However, if we are actually going into recession AZO is poised to do well as new vehicle sales will slow and people would be inclined to repair their vehicles at home; AZO is a clear beneficiary. I do think we need a strong close above 800 to begin accumulating a position but FAVOR a decline to the rising trend line detailed on the chart above. I'll update when I take a position.
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SP500 - Caution is Warranted but is NOT all Doom and Gloom $ES - $SPX futures - Good morning all! I told my members today that I'm expecting a retest of the 3225-3250 area before heading downwards on the SP500 (price is currently reacting off of the 3rd touch of a short term trend line). IF we don't get a retest and head downward first, I expect an aggressive move at 3030 as that is the breakout level for this last run upwards. I believe buyers will defend that level for a while. Do not let it fool you into buying stocks right away. China is trying to send people back to work while the COVID19 virus is NOT yet contained. This is still a very real threat to economic results for the next two reporting quarters. I will use the bounce coming up to scale out of the remaining stocks that I own and buy protection in inverse etfs for the next wave down. Stay safe and trade smart, sometimes it's better to sit on your hands rather than take any action. Let me know if you have any questions.
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CIEN - Flag Breakout$CIEN - Clear breakout of flag pattern. I'll be entering after the open with stop below the local low price around $40. I think it could hit $57.00 by the end of the year.
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EUR/USD - Gap AheadEU is coming to a critical level just above 1.07 at ~1.0718. If this gap from April of 2017 fills, I'll be looking for price action at the bottom for reversal. I'm also keeping an eye on the RSI for daily divergence.
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$ORCL - Consolidation for Breakout Imminent ORCL is going up... or down :) I prefer to buy this stock so I'm waiting for a strong breakout of the descending TL with my entry on the chart. My 1 year price target is at $65 if that lower TL holds.
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$SFIX - Profitable GrowthSFIX - anyone else use it? This stock is breaking out from pretty heavy consolidation. I've initiated a position with a stop loss below the rising trend line. Once price reaches $32 I will reassess and adjust as necessary.
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CAR - Avis/Budget Breaks Out, Targets $50CAR - we have a breakout on our hands ahead of earnings. My price target and stop loss are on the chart - I think someone knows something that we don't.
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