RTX a defense contractor large cap LONGRTX has earnings on April 23rd. It has been on a good trend higher since the last earnings. The
Russian war means US defense contractors will be in a growth mode for the intermediate
future. Depleted stores of weapons systems need to be replenished. Pieces and parts are
needed for damaged systems in need of maintenance. I see RTX and others such as GD and
LMT as good long-term trades or investments. Smaller companies in the areas of robotics and
drones may be worth a look. RTX is at its all-time high but it seems much higher is in its future.
Value
IMPP- a volatile penny energy stock LONGIMPP stands to gain market cap if the barrel price of oil moves on the global markets under
the pressure of geopolitics in the Middle East. While it is a domestic producer and not involved
in transoceanic oil tanker transport, the price of oil is a global dynamic in real time. As a small
cap, when the oil price moves and IMPP's fixed expenses remain static, margins can increase
in a curvilinear fashion. IMPP once traded in the 40 share price range. I believe it is well
situated to jump if oil prices escalate in the near term. For another similar penny energy stock
albeit not domestic take a look at INDO. Targets are on the chart 15%, 30%, 30%, 25% partial
closures at each averaging 10-15% overall
Volume Reversal in Process Volume reversal shows a move to the upside. Hanging Man has been winning BULLS territory. 1WK TF almost over, about 2.5 hours left to complete 1WK TF.
I’ve made an agreement between me and another trader.
Before ATH:
FOREXX: BTC will NOT fall below $40k
HoleyProfit: BTC WILL fall below $40k
Although I did mention, BTC should not see below $60k although HM has made a threat to do so.
My alternative signals and graphs still show a move to the upside. I’ve combined smart money and retail traders volume as well.
Post-trade psychology!
In the trading market, being anxious cannot solve the problem.
But be prepared for a long time, don't rush for success, and don't be afraid of being a late bloomer.
Take your time and master the process, don’t rush the results.
Whether it is the trading market or other industries, it all requires a process, and it requires step by step and continuous efforts to achieve it.
Give the process time, and please give yourself time. I think time will definitely give you a better answer.
Accumulation over time will make you gain more and more.
Don't be anxious, just take it step by step.
Although the process is slow, if you keep going, slow and perseverant, you will eventually reach the goal you want.
Usually the more anxious you are in trading, the easier it is to deviate from your original intention, and most of the results are counterproductive.
In nature, you will find that a lot of life is slow.
The sun rises little by little and sets little by little, the flowers bloom one by one and wither petals.
The flowers will not bloom before the season, and the fruits cannot be picked if they are not ripe.
The journey of life is very long, you don’t have to seize the day, persistence is the only way to win in the end.
LYFT rises on news of the MSP dispute potential resolution LONGLYFT was a recent idea upload. The news regarding MSP and the dispute resolution has helped
it rise off the ascending support trendline of the rising wedge pattern. The pattern may predict
decreasing volatility towards price consolidation and then a break out from the wedge.
In the meanwhile, I have added to my position since price is above the support trendline.
The PVT indicator shows a flip out on the pullback and I see this as a good add long entry. On a
low 1minute time frame. price gapped up with an engulfing candle with corresponding volume
at the opening bell today.
Importantly, a high volume spike also occurred in the after-market hours.
My recent previous idea long on LYFT is linked here.
The call option for $ 21.00 for April 19- 8DTE popped 140% today. I picked up a decent number of calls and will close them incrementally as they profit over the next week.
Yes, There's a lot to unpack:Earnings Outlook:
Analysts are projecting earnings of $2.64 per share, a slight dip of 1.5% compared to the previous year and with revenues estimated to be around $21.38 billion, marking a 13.6% decrease year-over-year, there are certainly some intriguing dynamics at play.
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I'm not one to make predictions without the full picture, so I'll be holding off on sharing my analysis until after the earnings report is out. Once I've had a chance to dissect the numbers and assess the implications for Johnson & Johnson's future trajectory, you can expect a detailed breakdown from me.
My post-earnings analysis will be in the updates on this idea, I will explore what the numbers mean for investors and whether Johnson & Johnson is poised for growth or facing challenges ahead.
TLT Treasuries Long breaks down under VWAP SHORTTLT on a 120 minute chart has continued its trend down since early December after a suddent
uptrend in November lasting for a two month until the end of 2023.
Inflation data is kicking the rate cut down the road of time.
Price has now fallen under the VWAP and all of the EMA lines including the EMA20.
Relative strength trending correlates with price . I conclude, TLT continues to be set up
SHORT or alternatively TBT LONG . I will take short trades at weekly highs on a 30-60
minute chart until signs of a reversal are seen on the chart.
NYCB could bounce back from the inflation report LONGNYCB on the 30 minute chart had an abrupt reaction to the inflation report. This is not a
surprise. Many traders and investors know that banks make more money when the prime rate
is lower because they do not need to pay much on savings accounts and deposit certificates.
NYCB has been challenged and is more volatile than the average bank stock being a penny
stock with hard fundamental issues. NYCB has reversed and the relative volume indicator
shows the flip. Price has climbed back into the lower part of the high volume area of the
profile which shows some bullish momentum.
I see this as a risky long trade but still take it for the quick 6-7% upside back to the POC line of
the volume profile. The stop loss will be the low pivot of the prior trading session.
COF - Capital One Drop and Pop LONGCOF is shown on 1 15 minute chart. The trade idea is to play the drop in a bank stock as a
reaction to the sticky inflation report and the idea that a rate cut already baked into stock
price is about to come off the table. This is a risky reversal trade. However, with risk comes
reward. The idea is on the chart. I will take a long trade here anticipating a return of 2%
and about seven times risk. A call option for an expiration of 4/19 will also be in the position,
striking 141. See also
CHF - Futures - Possible tradeCHF - Futures, there is interesting levels of positioning by the commercials are taking place, it has not yet been confirmed from my end, but there is quite bit of long positions are being taken up by larger traders. Will keep an eye out for turning points in the near future in the next few weeks.
Why I think BTC is worth $0Because it is not a company and nobody owns it that can enforce any kind of intellectual property on the millions of coin derivatives that exist today.
Because it is not trust free since you must eventually report your "trust-less" transaction to a tax authority.
It is not trust-less, but a trust-less version may be created and operated by tax authorities to reduce the tax and compliance burden in the public and private sectors.
FCX: Great Run, Take Your Profits, get ready to reloadNYSE:FCX has had a great run following the recent commodity cycle and global volatility run-up across the commodity spectrum: oil, E&P, GOLD, and fuels.
*The Take*
In the dynamic world of international mining, Freeport-McMoRan stands out as a beacon of resilience and growth. Amidst the ebb and flow of commodity cycles and global market volatility, NYSE:FCX has demonstrated remarkable strength, reaching impressive highs that reflect the company's robust strategy and adaptability. The company maintains revenues, works down debt, and maintains profitability.
As we navigate through these turbulent times, it's essential to recognize the opportunities that volatility presents. For those who have been part of NYSE:FCX 's journey, now may be a prudent moment to capitalize on the gains. Taking some profits and selling into strength not only secures your hard-earned returns but also positions you to take advantage of potential future entry points.
Looking ahead, the commodity cycle is expected to maintain its volatile nature. This unpredictability, while challenging, also opens doors for strategic maneuvers. By reducing exposure at peak levels, investors can prepare to reload on positions when the market corrects itself, particularly in the $26 to $38 range, where value meets opportunity.
The global landscape is ever-changing, with factors such as the ongoing Russia/Ukraine conflict, the economic recovery in the Eurozone and Asia-Pacific, and China's anticipated return to the global stage, all playing pivotal roles in shaping market dynamics. As inflationary pressures begin to normalize, albeit at a decelerating rate, it's crucial to stay vigilant and ready to adapt.
Freeport-McMoRan's journey is far from over. The company is well-positioned to continue riding the wave of global recovery, leveraging its strategic insights and operational excellence. By staying informed and agile, investors can look forward to not just weathering the storm but thriving in the sunshine that follows.
#Commodities #Mining #InvestmentStrategy #MarketVolatility #EconomicRecovery #GlobalMarkets #FCX
ACB Cannabais Peeny Stock with News LONGCannabis socks got a boost in the past day as the Biden administration seeks a reclassification
of cannabis with the Drug Enforcement Agency ( DEA) This will likely give the entire sector
some momentum. Here on a 60 minute chart, Aurora ACB is seen in a VWAP band breakout,
crossing over the fair vlaue area of the mean VWAP accompanied on the indicators with
confirmatory volume and volatility. On the zero lag MACD, the lines have crossed above the
zero horizontal and above the histogram. I see this as an excellent long entry targeting 4.35
which was the pivot high after the last earnings. This represents a conservative 17-20% upside
with potential upside beyond that price level given the potential impact of the federal news.
🔥HOT STOCKS: PYPL & ASANA - Like Monday.com but BETTER📉Hi Traders, Investors and Speculators of Charts📈
There are a few stocks on my immediate radar.
1) Asana - NYSE:ASAN
If you're working in a large, dynamic team you're probably using a workflow management tool like Monday.com ... or Asana.
Asana is a fantastic tool, I use it on a daily basis. It's easy to use, user-friendly and it has a wide range of easy-to-understand functionalities. BONUS - it has HUGE upside potential.
2) Paypal - NASDAQ:PYPL
Who doesn't know Paypal. PYPL has come a long way since inception, and it has improved exponentially from a user perspective experience. Paypal remains the nr1 choice for many people buying and selling online, as well as for many business. What does it have in common with Asana? - it has HUGE upside potential.
3) Alibaba - NYSE:BABA
Don't be hasty to buy just yet. Although Alibaba is still one of the biggest online retailers, Shein and Temu is starting to eat away at its market cap. For BABA, there is big upside potential but I am not convinced the price has bottomed just yet. When I spot a reliable bottom pattern, I'll accumulate a position and look for modest TP points.
4) Xiamoi - OTC:XIACF
Remember those cute little home camera's that let you watch your pet/child and even speak to them from anywhere in the world? Don't sleep on this one. AI automation, home security and... cars?
If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets.
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CryptoCheck
BULLISH ARROW BULL CONFIRMATION First regression is calculated, and second regression parallel with normal coordinates. Bull Arrow confirmed by a calculation lengths with a moving average in combination of one.
Red arrow was rejected by the bulls. Bitcoin is not ready to move down. Some slight corrections, but nothing major. My two trading support zones are at FWB:67K to $68k Area zones.
Long position has been set to 1.51 risk reward ratio.
Teeessss$$$$llllaaaaa long 🚀I've just now started scaling in to this TSLT position. In NASDAQ:TSLA it could be, that with a double-bottom the price correction is finished. Along with some fundamental news I'm very bullish on Tesla - so let's see where it goes. ;)
75: Silver Analysis: Is it Lagging Behind Gold?Silver, often considered the "poor man's gold," has been under scrutiny lately as it seems to lag behind its more illustrious counterpart. Traders and investors are closely monitoring silver's behavior relative to gold, seeking potential opportunities amidst this divergence. Let's delve into the technical analysis to discern potential trading scenarios.
Currently, silver is hovering around the $24 mark, displaying a notable gap in performance compared to gold. This gap prompts us to consider whether silver is presenting a buying opportunity or if further downside is expected.
Long Entry Points:
Primary Entry: A compelling long entry presents itself around $23.37, where historical support levels align. This level could serve as a strong base for a potential bullish reversal.
Secondary Entry: For more conservative traders, a secondary entry around $20 offers an additional opportunity. This level provides a wider margin of safety but may require patience as price action stabilizes.
Potential Scenarios:
Bullish Continuation: If the support at $23.37 holds firm, we anticipate a bullish continuation towards $30 and beyond. This scenario would validate the long positions and affirm silver's potential to catch up with gold.
Bearish Breakdown: However, if $23.37 fails to hold, a deeper retracement towards $15 becomes a possibility. Traders should closely monitor price action and consider implementing risk management strategies to mitigate potential losses in such a scenario.
silver's divergence from gold presents both challenges and opportunities for traders. With long positions eyed around $23.37 and a secondary option near $20, traders can capitalize on potential bullish reversals. However, vigilance is crucial, as a failure to hold support may result in further downside towards $15. Ultimately, a successful hold at support levels could pave the way for a rally towards $30 and beyond.
As always, traders are advised to conduct thorough research, manage risks prudently, and adapt to evolving market conditions. Stay tuned for further updates as we navigate through the intricacies of the market. Happy trading!
Ordinals | ORDI & Brc20 The live Ordinals price today is 15 usd with a 24hour trading volume of 60 million dollar. Ordinals is up 24% in the last 24 hours
but what is ORDI and BRC20? BRC20 is an experimental token standard that enables the minting and transferring of fungible tokens via the Ordinals protocol on the Bitcoin blockchain
after the Bitcoin Ordinals protocol launched in January 2023, enabling NFTs to be inscribed on satoshis , there has been curiosity about whether fungible tokens could be created on Bitcoin. BRC20 token standards were created in March 2023 by a pseudonymous programmer named Domo to make minting fungible tokens on Bitcoin possible.
The first BRC20 token deployed was called Ordi. Bitcoin wallets quickly deployed tooling to support BRC20 tokens. Numerous other BRC-20 tokens, many of which are meme tokens, were launched in the months after. As of May 2023, some BRC20 tokens have experienced astronomical price increases and obtained significant market caps, the demand for BRC20 tokens caused Bitcoin transaction fees to surge and caused significant congestion on the Bitcoin network. you probably think but we already had Erc20 so what the...well BRC20 tokens exist on the Bitcoin network, while ERC20 is a standard on the Ethereum network. BRC20 tokens don't use smart contracts and, therefore, have much less functionality. On the contrary, ERC20 tokens can interact with other protocols and applications to enable a wide range of services, including borrowing and lending.
ERC20 is a mature token standard with a massive number of ERC20 tokens already created and widely used. Conceived in 2015 and officially recognized in 2017, ERC20 tokens have been battle tested and proven to function stably. That's not the case with BRC20 tokens, whose future has a high degree of uncertainty, despite the hype, BRC-20 tokens have little utility at present
now lets see why Ordi just pumped, OKX just announced the listing of ORDI, and will open deposits at 18:00 on the 20th, and open spot transactions after the deposit amount meets the transaction requirements. ORDI is the first BRC20 asset, with a total of 21 million. Affected by this announcement, its price rose by more than 24% in 1 hour. The current price is around $15, and its market value is $313 million now
Ordi can hit 15.5 , 16 and 16.5 for now
$KLSE-INFOTEC: Intrinsic Value (based on IMPEGFS) INDEX:KLSE -INFOTEC
Integrated Magic PEG Formula Scores (IMPEGFS) @ Quoted Stock Price RM 0.81 (the higher the better)
= √
= √
= 2.8400426922
Intrinsic Value (based on IMPEGFS)
= IMPEGFS × Quoted Stock Price
= 2.8400426922 × 0.81
= 2.8400426922 × 0.81
= RM 2.30
or
= √ × EPS
= √(58.85×32) × 0.053
= RM 2.30