Good opportunity to DCA or add to long positionEntered outside the mean, and 200 EMA.
Now it is retesting it thanks to high beta and volatility with the nasdaq correcting.
Still Bullish as we are above it and dancing around 200EMA in an upward trend and channel, can we hit 60$ and get a 169% return?
Target is November earnings, you saw how beating estimates sent it soaring.
My outlook is interest rates aren't increasing till next year, so we still good and summer is over too, therefore people will need to settle indoors this winter.
EXPI is primed for growth and is not reliant on large debt, it's clients clients are....
(Disclaimer not financial advice This is pure speculation with a bit of rational research)
Realestate
Evergrande and the San Francisco Real-Estate Crash (ft. #Crypto)So while we wait for the #Evergrande thing to sort itself out, the city to pay attention to for cracks in the housing market here in the US is #SanFrancisco. They have had the highest housing inflation in the country over the last decade -- which is counteracted by the reality that both jobs and people are leaving the city in droves now due to its unaffordability, high taxes, and lower quality of living.
So the part we should be concerned about is the fact that cash purchases of real-estate (the metric used to estimate foreign investment) has been on the rise for a while now, and COVID has more likely than not accelerated those trends. Of the possible 30-40% of homes bought with cash in SF, we know that at least with foreign properties, more than 70% of them are from China. We don't have the exact numbers yet but I think it's safe to say that it's probably enough to have an impact.
While everyday Americans struggle to make ends meet, why does the market keep on going up, at least on paper? The reality is that US markets are being propped up by foreign speculators right now, rather than anything we did on our end. Foreign investors know that Americans are homeownership obsessed and will basically do anything to keep their home values up, no matter what the cost. (Homelessness, crime, rising rents, etc.) They don't live with the consequences since most aren't even here -- all they really care about is getting a return.
Both the NIMBYs and politicians in the US have sold out the American people to see their home values rise for a few % points -- foreign investors are basically trying to #buythedip of our dysfunction and laughing all the way to the bank, really.
Is the sky going to fall? No. But when you see people freak out over changes in 5-10% even in assets like #crypto, a change like that can actually be panic-inducing in traditional markets. Imagine that your investment that has gone up steadily every year for 50 years, now going down.
If you're a renter or a prospective homebuyer, this may be the moment you've been waiting for, though. Something worth keeping tabs on, either way.
Evergrande and #Crypto - Money is MoneyThe recent dip in the crypto market is most likely a result from the scare that Evergrande -- one of the largest real-estate firms in China, may end up defaulting on their debt. Will China bail them out or let them fail? It's China's version of what happened in 2008 in the US.
Is Evergrande the next Lehman Brothers ??China`s economic model is based on real estate investment to drive growth. 20 Mil apartment buildings per year.
China`s residential property is 20% of GDP every year. Too much!
Real estate activities in China close to 30% of GDP every year. Huge!
Chinese Government is Bashing the private sector, look at GOTU and BABA for example.
Evergrande, second largest property developer in China has more than $300 billion in debt!
Evergrande has $83.5 million interest payment Sept. 23 and a $42.5 million payment on Sept. 29
Failure to to pay in 30 days can put Evergrande in default.
Today Evergrande has a Market Cap of 30.099B! At its peak, Evergrande was traded 13.5X higher!
Evergrande’s potential debt blowup can send shock waves through financial markets!
Today was just the beginning.
Which Real Estate Technology Platform Stock to Buy Now?Which real estate technology platform to buy?
$ZG Zillow Group, $OPEN Opendoor Technologies, $EXPI eXp World Holdings or $RDFN Redfin Corporation
There is no doubt all of the above-mentioned companies are good ones and they will do well in the long term, but at this particular time, the confluence of the technical analysis signals and valuation analysis shows that $ZG is a better choice if it breaks above and closes on a high volume. The setup still will be valid and must be revised if the price of $ZG slips down more, but sooner or later the breakout should trigger a very safe entry.
Interestingly, even though $ZG is the largest of all four, it has a higher gross margin and its revenue growth (50%) is smaller than $OPEN (81%) only for 2022. However, $ZG has the smallest EV/GP ratio for both 2021 and 2022 at 10.1 and 8.2 respectively. This makes $ZG a very good deal for the size and reputation it has as well as for the growth it is developing. $OPEN still remains a company that has the highest growth rate, but since it just IPOed last year and except the last QE the negative pressure on the price was a lot since it was a SPAC deal. The pressure on the SPAC stocks was brutal and some of them barely survived above 10. $OPEN is one of them that was picked up by the market as a worthy stock and not a bad SPAC rip-off deal. Unlike Zillow that has gained reputation and maturity in the public market, $OPEN needs more time and more QEs to justify the high growth rates.
Disclaimer: I own a lot of $OPEN and some $EXPI and I am going to initiate a new position on $ZG in the near future. This is not trading or investment advice. Do your own due diligence. Don't risk money you cannot lose.
Weekly Bearish Engulfing On The Real Estate SectorThis Real estate ETF looks like it's ready to rollover on the weekly timeframe due to it bearishly engulfing, being at a 1.272 fib extension, and the RSI trendline being broken after reaching overbought.
I will either be looking to buy puts in VNQ tomorrow or i will be looking to purchase shares of the 3x Ultra Short Real Estate ETF $DRV
DRV - Long Feb 2022 $7 callsReal Estate starting to feel the pain in China as Evergrande implodes - How much longer before the contagion spreads? Weeks? Months? Clock is ticking.
DRV x3 Real Estate short ETF has a couple nice Gaps to fill at ~$12 and ~$20.
Stoch and RSI appear to be confirming a potential bottom/turn back up here on the weekly. AO also predicting a move up sooner than later.
Last few times the RSI got this low on the weekly - DRV spiked hard soon thereafter.
Adding to Feb 2022 $7 calls.
Not financial advice.
IIPR Double Topped Blowoff - Valuation Matters - **WEEKLY***rising rates environment is a disaster for large cap stonks & Ponzi Pogs. BUYER BEWARE- FWD projections!!! Gems make money TODAY & years from now!!!
#cannabisreform
#jobsandjustice
#gnln
#thegem
Can't seem to edit the "monthly" on chart to "weekly"
THIS IS THE WEEKLY CHART
FITCH NEWS - TRADABLE MAINLAND REAL ESTATE INDEX - HKG - DAILYCool down on big news as we can see, by zooming out, that the increasing price have found strong resistance and started a durable wide range.
The range is clear in this chart, the top is illustrated by the blue line and the bottom by the black line.
The bleu line is a resistance tested multiple times , repeat failed attempts leading to a price fall and possibly weakening the uptrend chances believes.
The red arrow shows probably where the biggest failure has happened. Mega high volumes and a nice wig.
The black line represents a probably super strong support. Beware of fake breaks, it has happened in the past.
The little dotted line shows possibly how the price is evolving trying to get out of the range.
Fitch news has created an interest about what impact this could have globally. For the moment zooming out we can see that it is just lot of noise for not much as this level have been reached several times before and was expected.
Now it is probably more convenient to observe this black line level and see what happen. High volumes involved would show a clear direction. Daily, Weekly, monthly : yes, but not to be observed in hourly.
______________________________________________________
Thanks for the like and shares, really appreciated! This idea is not a financial advice but just a sentiment.
We might find support - EXPIThe trend is your friend. On a Macroish timeframe we have turned into a bullish reversal.
EXPI's business model, pulling in 1B in revenue that's all you need to know. The market is there and the growth is occurring. They just need to continue executing and expanding overseas.
Now would be a good time to add or open a position since Analyst Forecast is $100+ for this.
Support at $40, let's see how this plays out.
(Disclaimer: not financial advice, just a rational decision based on apparent facts"
NASDAQ:EXPI
Pop or Drop time. The 10 year bond compared to interest rates. (Sorry my chart is ugly) Any good trader knows what a descending triangle looks like and we all know what happens when it is compressed to a fine point- BOOOM. Unfortunately we are at the end of the road when the government will have to keep printing money at a ridiculous rate or they will have to raise interest rates and crumble the economy into bankruptcy. Based on this chart we have about 4 years left. I hope everyone is prepared because either way it's not going to end pretty. As a precious metal guy I'm going that way but others like real estate or crypto. I would only imagine these safer spots to store your money will start going up in value VERY soon.
VIX - Into Roll / SettelementTipping the Boat ahead of CT Roll is stock in trade for the VX Complex Options Writers.
Position Rolls across the Markets will have a profound effect this as we begin to square.
CASH/SPOT VIX shows further complacency as Volumes dry up.
RTY and NQ will lead to the downside as "Independent Producers" (SMALL Businesses) will
continue to be croaked as they have been since March of 2020 for the RUT 2K. As for Tech,
it is facing some large headwinds with respect to the current Rate Revolt and China's
heavy hand.
Warning Signs abound across the Spectrum, on balance, they are being roundly ignored by
the Junior Investor/Trader.
A FAT Finger trade is all but assured as Wall Street takes some Bacon off the table as
Uncertainty will begin to shake belief structures.
Financials theoretically should benefit from rate inking up, the ES and RTY would be positioned
to benefit the most due to the large Financial Component structures... theoretically :)
ES would likely catch the bid.
The issue we have with this basis - Housing has reaches extremes as the Crisis in Real Estate is
just beginning to unfold.
Law suits are all but assured as the Administration has come under fire from small Independent
Producers of Rentier Class profits... they are being squeezed and remain furious with a growing
intensity.
The Admin is clearly behaving in an Illegal manner in order tp maintain moratoriums on Rents.
An Executive Order followed by the CDC's rubber stamp would only further the Crisis and lead
to an increasing distrust of Lever Pullers.
Broke(n) - Operation Twisted & The Cocaine PhenomenaWhat brings about the Fear cycle?
A loss in CONfidence.
The TINA Argument has remained valid for sometime.
It is axiomatic.
Does one buy Binds with a 100% assurance of Negative Returns?
You first.
Does one protect their wealth in Bitcoin?
No thank you, it is a trading Instrument with ZERO intrinsic Value
relative to any price.
Do Central Banks enjoy Competition?
No... they permit it, but only to a point for a specific Agenda.
Their Agenda should be obvious by now.
Are they thinking about thinking about thinking about you and
yours?
No.
Is BTC a Tier 1 Asser on the Federal Reserve's Balance Sheet?
No.
Will Bitcoin see increased regulation and taxation?
Yes.
Why has Gold not kept up with the expansion in the Monetary Base?
It never has nor will it.
Gold has a function, it is non-monetary for us mere mortals and will
remain as such for eternity.
Wanna strap on a Feed Bag @ Taco Bell - try paying at Drive-Thru with
Gold.
Money is no longer money, it is a delusional promise to repay all debts
Public and Private - which ceased to be viable a very long time ago.
There is far too much Debt to ever be repaid with Currency.
What's left, the Largest Casino on the Face of the Planet - Capital Stocks:
Bonds, Stocks and Real Estate.
All at absurd Valuations.
If you can't afford a home, buy stocks.
If you believe Bonds are going to be left for dead one day, buy stocks.
If you believe it will all fail, buy Gold, Silver, Crypto.
Good luck as everyone losses a Hand in this complete disaster unfolding.
Everyone.
MATTERPORT IPO DEBUT w/ some TA on the 15 minute chartToday Matterport previously GHVI changed its ticker to MTTR and had a decent open with about 1.5 million volume up until it was debuted on CNBC by the anchor Josh Brown. Then we saw a huge pump up from that area and about 3-4 million volume traded after he said he wants to buy after earnings happen. He is bullish on Matterport but also wanted to wait for earnings to add. We have a few stages of the DE-SPAC process to go through here that can help a long term investor DOLLAR COST AVERAGE down.
Pipe dump, Warrant Redemption, Insider Lockup periods, and whatever else in relation to that process.
This made for decent long and short momentum plays today. A lot of swings came in hot on the CNBC news and sold off on the momentum and a lot of puts and shorts came in on that momentum to take over as the double top was confirmed. We saw the bulls and bears fighting at close to hold $15 which is broke to $14.96 end of day.
Was quite exciting to watch it all go down!
Vanguard S&P Small Cap Growth ETF - clear horizontal boundariesFour months range-bound, this low-volatility ETF includes 600 constituents and offers a tiny 0.10% fee for the more passive, but still risk inclined investor (these are small cap growth oriented stocks).
The pattern boundaries are clear, and volatility is relatively low vs. historical. Price action above $235 would confirm a breakout to the upside, while a move below $205 could reflect a broader selloff coming for growth stocks.
Constituents include companies like: Gamestop, Omnicell, Macy's, Chart Industries, 3D Systems, Agree Realty Corp.
Several of the individual constituents also have constructive charts, with subjectively clear risk levels, such as 3D Systems (DDD).
$GME, $GTLS, $ADC, $DDD, $OMCL, $VIOG