🇪🇺 The fate of the EURUSD may lay in the hands of the European Central Bank (ECB) meeting taking place on June 4th. Although there shouldn't be any major surprises, and the pair has rallied into the event, things could really go either way. Our idea here isn't dependent on forecasting what will unfold at the meeting, rather our play is based on the...
📷 With more and more people working from home and taking part in remote and digital workforce companies like Adobe have never been more relevant. While Adobe's dominance in the digital creative market during these times is reason enough to be bullish going into what analysts predict to be favorable earnings, Adobe's chart is the real icing on the cake. We have...
📈📉Bitcoin saw some exciting price action in the past 24 hours, but the volatility did very little to change the bullish trajectory. In theory, the money printing, uprisings, and tech bull market should be a perfect storm for crypto (and Bitcoin especially). With a bullish chart and a bullish backstory, our outlook on BTC is bullish. Let's look at some levels for...
🧑⚕️ Pfizer recently announced that a clinical trial of its drug Ibrance hasn't worked out as a long-term treatment for breast cancer. This news is unfortunate on a few levels, but specifically, in terms of price, the impact isn't great. Upon releasing the news PFE dumped as analyst began to revise earnings expectations downward. This sell-off caused a reversal of...
🚀 Lockheed wasn't Immune to COVID turbulence, but from a long term outlook LMT is likely a great investment opportunity. Earnings have been strong, contracts have been impressive, and the chart has been mega bullish over the long term (despite being subject to market-wide corrections like COVID). For all these reasons and more, let's look at some long term levels...
🆙 Silver has been on the move after lagging behind Gold. While recent Silver and Gold moves look similar, the percentage move has been notably better for Silver. It could be a response to COVID, it could be the riots, or it could just be the continued strength in Gold that has Silver on the move, whatever the reason, the chart looks great. So, let's look at some...
⛏️ It was only a matter of time before someone mashed up the block-based Minecraft with the block-based Blockchain. Well folks, the wait is over, Enjin has finally done it with their EnjinCraft plugin for Minecraft. This release shows Enjin is hard at work and that at least some of the past ENJ FOMO was warranted. That plus some mega bullish action since the COVID...
😎 With a major health tracking project and the Neo3 upgrade on the way, the news is decent enough for the "Chinese Ethereum" AKA NEO. Meanwhile, with the general strength in crypto as a whole, NEO has plenty of room to run if it can keep up momentum. With that said, we don't have any clear setup here, so let's simply take a look at some key levels for the bulls,...
💰 The long awaited Cardano update now has its dates confirmed by Cardano founder Charles Hoskinson. This includes a July 29th release date. The update is a mainnet update and hard fork named Shelly. Shelly is already in the works and some phases are complete, now it is just about a countdown to a public launch. Unsurprisingly given the broader crypto market and...
🕵️ Vatalik's call for enhanced Ethereal privacy was met with Umbra, a way to mask recipient addresses on Ethereum. That is bullish. Speaking of which, looking at the chart, I wouldn't be surprised that Vatalik also called for some sick ETH gains. ETH has been showing constant strength since the COVID crash, so far our ETH calls have been solid, let's see if we...
🦅 Twitter fact-check team got the company in some hot political water, and that controversy caused a drag on the price. However, Twitter is now coming up to a nice juicy support level where we just might get an excellent long opportunity. Resource: www.npr.org ✨ Drop a comment asking for an update, we do NEW setups every day! ✨ Like, Comment & Follow to help the...
👻 SNAP just had a breakout, it has also generally been a good play during COVID, and it has some exciting news too with SNAP opening up their platform to outside developers for the first time. What we are looking for here is a long setup off a retest of this major price pivot point. Resource: www.theinformation.com ✨ Drop a comment asking for an update, we do...
🚗 This run had a slow acceleration, but it looks like Ford has finally popped into gear and is off to the races. After seeing some recent lows people (including the COO) seem to be buying Ford back up. Plus, Ford is in the headlines with their new cop car that kills Corona (its a thing, check out the link below). Mostly though, Ford looks like it is finally...
🍎 Our last Apple chart played out like clockwork, now it is time to see what happens next. Apple is generally highly correlated with the broader market. Luckily for the broader market Apple stores reopening and hype about the iPhone 12 may just be enough to push Apple up past resistance. Plus, although it began to decline yesterday, the relatively high short...
🏆 Gold has been in a strong uptrend for a while, and COVID only helped to ensure it. However, with the equities markets recovering, gold has started to correct from its previous highs. Despite the correction, we still see an uptrend and plenty of support for now. Let's take a look at some levels. First off, we can see a channel that gold may be respecting based...
🐮 The DOW (DJI, DIA, YM1!, UDOW, etc) is rallying based on recent strength shown by key players like Disney, the banks, Boeing, Exxon, etc. Looking at Dow Jones Mini Futures (YM1!) we can see a new clear bull trend forming... but we also see a clear-as-day support level to be tested to help confirm this rally. Perhaps the shift out of the NASDAQ's COVID hedge...
💸 The only thing that looks better than Dollar General's earnings outlook is its chart. This one is easy to be bullish on, especially with people getting back out to shop during the initial reopenings. That said, if there was any reservation here it would be that there has been some FUD recently around Dollar General not paying workers enough. Although the bad...
🔥🛒🔥 Costco's fundamentals have us thinking about buying enough COST to feed a family of 8... but do we really need all this COST now? While the trend looks good, Costco isn't as cut and dry as some other COVID impacted stocks. Still, we expect revenue and earnings to be up again since last quarter and we expect people getting back to life after COVID to choose...