Warrenbuffet
SU SUNCOR OVERSOLDSU SUNCOR is oversold, and I'm using 3 indicators to confirm that.
The reasons why I bought now:
Warren Buffett added SU
George Sorros added SU
and lastly, because it is oversold.
It is also a common consensus that this company will flourish if JB wins the US election.
Happy trading and hit like if you found this useful and helpful.
Thanks, E
KHC - gap-fill above 18% upsideWB's loser stock is performing this year. Hell, it even broke a downtrend by making a HH. It is resting at support atm with MA below it. With restaurants and businesses starting to open, their sales should also increase in that segment. The home segment is also buying more than before so there should be a good case for a profitable Q.
I would start building position and looking for immediate profit level 1 at the gap-fill at around 40$+.
BERKSHIRE HATHAWAY Analysis (BRK.B)As long as NYSE:BRK.B doesn't close in an upcoming week above around the 196 , I think there wouldn't be a reason to assume it would go considerably up and really recover .
If it does close in an upcoming week above the 196 significantly It would confirm a considerable bullish move.
I have illustrated some of the potential scenarios in the chart .
$Dal - profit taking is near?RSI over 72 (bearish)
MACD: Repeating pattern from April 29
SMI Rolling over at 1 month highs
Would not be surprised if it dropped back into the lower gap or bounce off of it before testing upper gap.
I don see a lot of reward for airlines at this level. Will most likely wait for entry in the 30's.
MASSIVE LONG OPPORTUNITY The Fed is printing money like crazy and while the job market is posting 30 million jobless claims the mkt is going up.
That means that the feedback loop between the real economy and the mkt is broken and that the central bank is indirectly buying the mkt by junk bond purchases.
To hell with fundamentals
If the mkt is not falling now it won't fall at all
Long!!!!!!
US30 - SHORTUS30 is due another crash. Airline companies laying off thousands of workers and Warren Buffet getting rid of all his Airline positions is a sign for the BEARS!
"Be greedy when others are fearful" Warren Buffet - SPXLately, I have been feeling quite greedy because I see fear across all markets.
I stand by what Warren has to say about the markets.
Ask yourself "if 70% of people are bearish for a great depression 2.0 will it happen yet?"
Ask yourself "Do I feel fear or greed when others are fearful?"
I bet he's buying entire companies right now and you guys are panic selling your retail investments.
I have a diagram showing the simple truth about market psychology (smart money vs dumb money)
So again ask yourself "Who am I?"
Stay safe stay healthy and stay profitable.
- Dalin Anderson
Berkshire Hathaway entries looking amazing!! BRK.B Hey traders, here is another great opportunity to purchase a great company with record high cash balances. Current cash balance = $125 Billion USD
For more than a year, markets were perplexed by the abnormal cash balance of Berkshire Hathaway Inc. NYSE:BRK.A NYSE:BRK.B and whether Buffett would ever get a chance to complete a large acquisition with that money, as there seemed to be no way that markets would enter bear territory any time soon.
However, what many considered impossible has happened, and both the S&P 500 Index and the Dow are trading more than 20% below their recent highs, according to Bloomberg data. This has improved the prospects for a large acquisition, and successfully completing one could be a catalyst that drives the share price of the conglomerate higher.
So lets get straight to the fun stuff!!
Before entering a trade three types of analysis should be performed.
Fundamental Analysis = The study of financial statements and economic news. (Overall Trend)
Technical Analysis = The study of chart history. (Entry & Exit Strategies)
Sentimental Analysis = The study of the markets current psychology and traders psychology.(Instinct)
After performing the three analysis below are my results:
NYSE:BRK.B
Fundamental Analysis = LONG-TERM (BUYING)
Technical Analysis = SHORT-TERM (SELLING)
Sentimental Analysis = Market fears currently higher than confidence.
To better explain:
This means that right now momentum is headed downwards technically but the overall trend is up fundamentally.
So since we know the overall trend is upwards but we are currently headed downwards it creates the perfect timing to use our Fibonacci Retracement tool. A tool that is used to find important entry and exit levels in a trending market. Which is traditionally applied to the low & high of a trend. Here were my results:
As you can see in the chart above we have already retraced with a spike below the 38.2% level at $190.02. Markets are still showing downwards momentum that is headed towards the 50% level - 61.8% level.
MY SUGGESTION:
Place LONG orders totaling anywhere from 1-5% of your total trading capital on each retracement level below:
23.6% = $205.81 (BUY)
38.2% = $190.02 (BUY)
50.0% = $177.26 (Great trade opportunity) (BUY)
61.8% = $164.50 (What I consider the PERFECT IDEAL TRADE) (BUY)
78.6% = $146.34 (ABSOLUTE BARGAIN!!) (BUY)
Take profit: $231.61 at the previous ATH . (All Time High) Be patient and trust the process. This monster of a stock will most definitely return to break more records in the upcoming months when the continuation wave arrives and aligns with the fundamentals.
If you enjoy these quick signals/tips make sure to FOLLOW ME & show support by leaving a LIKE!!
Bull flag break outMy last publish from yesterday analyzed a bull flag on the 1 hour chart - it broke out last night. This chart is the 4 hour, but as you can see, that long-term trend line dating back to December is creating issues for it rising any higher.
I think this morning's non-farm payroll and then Powell's speech will determine if ES and SPY have enough gas in the tank to punch thru that trend line. But, who knows how the market will react in these illogical times. Rational is not in anyone's vocabulary as of late...
I see 2 options:
1) Non-farm smashes expectations and Fed cuts 25 BP... MAYBE!! Another non-farm smashing could send signals that a rate cut is not needed at all.
2) Non-farm meets expectations, or is slightly below it, and Fed cuts 25 BP. I do not see a 50 BP cut regardless of non-farm payrolls. And the market, I believe, is looking for a 50 BP cut... They may cry like babies when they don't get it.
Again, as always, I could be way off in my analysis. I do not claim to be Warren Buffett... But I think my guess is as good as any right now in these volatile markets. With that said, I'm still neutral until, Powell speaks this afternoon.
Berkshire Hathaway - A Proper Sendoff!Hi, today we are going to talk about Berkshire Hathaway and its current landscape.
Berkshire Hathaway, we have the breakout of a symmetrical triangle followed by an accumulation bellow the Uptrend Line which shows us the weakness of the bulls and an energy build-up of the Bears, that is going to look to the next support target in the following days.
Thank you for reading and leave your comments if you like.
KHC - Found Support & Accumulating Hi friends, It has been a long time I haven't updated KHC idea. Since that time price action printed several signs of bottoming process is taking place. I have shown them on the chart. As mentioned in previous idea the day price opened with 30% gap down a big buyer (could be Warren Buffet ;) ) showed up and absorbed all the panic selling. It was a first and immediate sign beginning of accumulation process. Since then price hasn't moved higher but consolidated for significant time.
Subsequent drop in price after accumulation and return with gap up is our second sign of bottoming process is real and in progress. It gave up a range of accumulation $27-$31.50. I believe price will keep accumulating within that range until it breaks up.
The worst case scenario is double bottom pattern.
The best case scenario is upward gap will be tested and holds without being broken down.
Any purchase within this range will be good for investment. Obviously try to get the lowest entry possible within this range. Good strategy is as usual split your entries into at least 5 and slowly scale in.
Good Luck!