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SALESFORCE - Oversold and a good entry pointSalesforce is looking oversold to me and is heading straight for a support level that previously was a significant resistance (look at that breakout once buyers broke through). RSI is showing this as oversold. I am betting on a resistance to support flip and think this is a decent entry with small downside. Bullish on Salesforce as companies continue to rely on their tech setup to maintain, and reckon with a working from home / office blended culture in the post-vaccine near future. Salesforce recently bought Slack which is an interesting development, they seem to have sights set on conquering the end-to-end "sales conversation" within businesses. I'm buying this for a mid to long term hold.
NYSE:CRMLong
by theponzimaster
2
NASDAQ Doesn't Make Any Sense Anymore! But let's earn some moneyWe know it's wrong. We know it's unsustainable. There's a Corona Crisis. There's unsustainable growth. There are huge unemployement issues. Crazy deathrates. Stockmarkets are surging. No, it doesn't make any sense. But to make a decision on this trade when the price hit this support zone so beautifully we have to look at the data. Purely based on technical analysis I expect the price to break out. Okay, we could look at fundamental information like how the technology sector might not be negatively impacted by corona as much as the other sectors. Not just because their products are all online, and people have to arrange their whole life online right now. Also because the people who work for those companies are much more comfortable and capable working from home. But hey, look at other markets that are not technology based. All green. All going up. This doesn't make any sense to me. Let's earn some money. It already tried this level one time before, and only bounced back a little bit. With this second attempt on the resistance the bulls will be stronger and have left many bears behind them. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
TVC:NDQLong
by Trading-Guru
6
DOWJONES LONGThe Three Pronged Approach to Kick-Start The Ecomomy Welp... I called the dump.... which isnt hard when everyone else was saying it... and now I wanna call the DOWS Legendary pump I expect to happen tomorrow. This may be a V recovery... of course we have the check market structure for weakening at key resistance levels.. and to be honest the monthly chart looks terrifying but the talking heads on TV are doing a good job of blowing hot air into the asshole of this market. The crazy part is that I have my reservations about this Coronavirus scare, but we have to only think of the possible outcomes that come from it instead of its cause or legitimacy. Firstly... What can we expect moving forward... Printing... LOTS of it. Im not going to go into that and beat that dead horse but I have to say. The last time we had a bail out this big it took 26 months to print the amount we just did OVER THE WEEKEND... Can anyone else hear a MASSIVE sucking sound coming out of the financial markets? Second.. we need to look at what else they intend to do financially.. They are not only considering bailing out Wall Street again. They are also going to be bailing out the people which is going to be an insane amount of money if they wish to do so with almost every adult in the USA for the next 6-8 months. Its almost as though they are trying to get everyone whipped up into a frenzy to justify universal basic income... I believe this is going to also create consumption right as companies were supposed to seize up. I also expect there to be some pretty draconian laws that will be reminiscent of the "Patriot Act" after 911. As the old saying goes; problem, reaction, solution.. What did this virus cause? just a jump start the economy with windfall profits from panic buying at stores right when they need it most... The Markets were and still are already over extended. This is going to create a large number of people to eye ball the situation right when the Fed is preparing to bail out mission critical companies... Remember... Right now it is IMPORTANT for them to show cash flow on their balance sheets and look strong when others are weak. Amazon and Kroger have gone on a hiring spree in order to create the illusion of healthy growth when its only induced by the stimulus as well as the Corona shopping spree... victory short lived in my opinion but they NEED to regain the markets confidence. After this weekend the Fed is out of bullets and I dont think they are pulling any stops on this one. Finally lets talk what is likely to happen from here.. For starters there is going to be a MASSIVE jump in price action across the board. Its going to cause the Mainstream media to chew it up and mouth feed it to the 2 boomer viewers they have left and not to mention those damn hospitals, airports and Government Institutions that give them their false legitimacy. This is going to create a sense of normalcy in comparison to what we have been experiencing since the start of it all. When stocks pump HARD tomorrow people arent going to believe it.. Expect a 15-20% pop tomorrow in price action across the board... Im also talking about crypo of course... So I bet this is the part where everyone lives happily ever after right? Wrong! For starters this isnt going to be a recovery like last time... This is going to be either a dead cat bounce or they plan on completely trashing the dollar all together which makes companies and by extension, their stocks skyrocket in value. Everything will skyrocket. Stocks, crypto, gold and silver... even food, fuel and water. No will will see this coming. Next they will ban cash stating that the virus is carried through paper money.. Thus forcing us to use the very banks that took their interest rates down to zero. Expect them to nickle and dime you trying to recover the profits from the negative rates I expect to start soon.. Oh yeah, and I forgot to mention... You know how you cant take out your money out of the banks because muh virus? welp... the banks will start charging you a negative interest rate on your deposits and your money will become worthless faster than you can get rid of it. They are also going to have a monopoly on monetary transactions for the most part. From the ashes I believe that another solution will be offered... The IMFs SDR or SDX in tandem with XRP... yes I said it... XRP is going be the mechanism for global payment remittances between banks across the globe replacing the dollar. Bold claim I know.. But you cant ignore what Brad Garlinghouse has been doing lately. All is not lost though my friends. There will be a two tiered system.. The first will be their solution system.. The other will be crypto which I expect to be massively volatile and mostly a vehicle for speculation in the future and a store of value in BTCs case. Of course there are others that will emerge from the ashes and far too many for me to list here, but there will be good times ahead of those that paid heed to this warning... Its time to buy... its been time to buy crypt for a long time and now its time to BUY STOCKS NOW!!!! God Speed Gents, Mr. Lucifer
TVC:DJILong
by MrLucifer7
1
S&P500 Dump ignited?As I indicated in my update last week, that extremely low volatility combined with very high RSI seems to be kicking a dump on this fine Monday. Will the dump last? Quick buy back? Will we see a repeat of last year heading into the holidays? The final trip down that led to the capitulation of 2018's dump started on Dec 4th, 2 days from now, which culminated with the plunge protection team saving the day, the day after to Xmas. I think we have a real potential to see at least a touch of the 200 MA (blue line) ~2920, but if this thing really gets rolling, we could see a repeat of 2018 and take a trip all the way down to the 1000 MA (red line), which would be really bad especially if it was going to happen in 2019. Obviously hard to say at this point, but the past 6 weeks of "nothing but up" has been kind of ridiculous even for the ponzi stock market. Hope ya'll took my short call! Stay tuned!
OANDA:SPX500USDShort
by blockchaingetheworld
Classic Double TopShit is about to get real in the legacy markets. Get your shorting game down fellas. Its gonna be a great rest of the year for shorts. If there is no Fed intervention and QE begins to prop up the market then it may hold up but I doubt it.. This is pressure that has been building up in legacy markets for quite some time now and I dont this that the capital flight out of legacy will be able to be supplemented adequately relative to the sell offs moving forward. A long position can not be justified as there is little margin for error. If I know this, then so do much smarter, and richer people. Only irrationality can justify a long trade. Watch for metals and mining stocks to skyrocket from here on out. God Speed Gents, Mr. Manbearpig
TVC:DJIShort
by MrLucifer7