EquityCast

EquityCast Updated 

A macro call refers to one that will not occur immediately or in the short-term. It is tied in to a long view of both the stock market and economy. Typically a macro call I forecast will take months to years (usually no longer than 2yrs). Since Part 1 - Gold has broken out of the bull flag, taken a breather to back-test the breakout line and is now launching...

EquityCast Updated 

Weekly Chart is forming a cup and handle. The Math: Cup Floor: 14 Cup Top: 19.75 Cup Height: 5.75 Implied Price Target: 19.75+5.75 = $ 25.25

EquityCast

Weekly Chart is forming a cup and handle. The Conservative Math (Log Scale Chart): Cup Floor: 40 Cup Top: 55.5 Cup Height: 15.5 Implied Price Target: 55.50+15.5 = $ 71 If you zoom out you'll notice the price target just so happens to be the top of a prior trading range.

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Added to the watch list. Forming a potential bull flag. I've included the breakout line. Entry to be posted.

EquityCast Updated 

Keep Amgen on your radar. It has formed a rather large cup and I've measured the conservative parameters for the cup height. Conservative price target: FWB:280 No position yet but I'll be watching the daily candles and volume to snipe the entry when it reverses. Stay tuned!

EquityCast Updated 

Bullish set-up to watch for the upcoming week. Strong daily hammer candle to finish the week. Almost a month of consolidation between the 20 and 50 DMAs. Trying to break out and closed right at the 29.64 resistance area (old support). I'd buy on a pull back to the 20DMA(yellow) or clean break above the 50DMA and a flip of 29.64 as new support. This is a laggard...

EquityCast Updated 

Beat earnings - Weaker future U.S. guidance with Europe growing albeit Europe being a much smaller share of their current business. Trading for a short-term bounce. 1st Entry (1/2 position) @ 166 PT 1: 174 PT 2: 180 PT 3: 190 SL - None yet. To add on further if 163 retest

EquityCast Updated 

Long @ 71.96 for a speculative bounce to the 20DMA (yellow line) 1/2 position. It is speculative because of how oversold this name is and it looks like a double bottom. Could also be a complete breakdown in price, thus the tight stop.

EquityCast Updated 

*Edit: Apologies the resistance levels are not showing on the chart for some reason. I've added it below in a comment. Current Resistance: 77 Current support: 73.8-74.25 OilWTI is $ 9 lower from the short and less than 2 weeks later we are at the target. I've taken 1/3 profit from the SCO(2X Oil Short ETF) shares this morning and will continue to hold the rest...

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Weekly close over both the 20 and 50 MAs to close out the month. Conservative Cup Height: $ 21 Implied Price Target: $ 130

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Much sooner than anticipated. TA & math works Initial post Calculations: -Neckline = $12. -Implied PT to complete the structure: 15.48(03/31 high) - 12.00(neckline) = 3.48(height of the cup) -12.00(neckline)-3.48(cup height) = $8.52 which is in line with a .236 retracement (8.62). -Being more conservative and using the 03/31 closing price (14.91) instead of...

EquityCast Updated 

1/3 Position Natural gas company with amongst the best hedges to protect their revenue and profits during this natural gas downturn. Natural gas also looks to be bottoming @ 2.00. Entry: 24.60 To add on further pullback

EquityCast Updated 

Strong company fundamentally. However, the head of a potential head and shoulders is forming. Nothing goes up in a straight line. Nothing. I'll be looking for a short here in the next 1-3 days. A few keys levels added in. Happy Trading.

EquityCast Updated 

Consolidating for the last few weeks in an increasingly tight range between the weekly 20 (yellow) and 50 (green) moving averages. Bullish on an upside break and flip of the 50 as support Bearish on a break of the 20 and retest as new resistance. Note this is all occurring in a weekly timeframe inverse head and shoulders . I am inclined to lean in to a bullish...

EquityCast Updated 

Part 1: The136.50 target was hit and Moderna is now resting at a critical neckline area which bulls have defended for quite some time. I expect a small bounce here but ultimately, a break of this level and a spill much lower. View of the weekly chart below: This is a head and shoulders within a head & shoulders playing out. It would be invalidated if MRNA can...

EquityCast Updated 

No position currently but I'll be looking to buy calls tomorrow morning if this gets a pullback and goes red. Mixed earnings but very solid free cashflow profile projection, a little growth and job cuts (cost savings). Expectations: software sales: Beat Consulting: In-Line Infrastructure: Small miss PT: $140 (supply zone)

EquityCast Updated 

Legacy autos with large debt and high interest rates will be highly susceptible in a recession. Ford is also losing billions in their attempted transition to EVs and will continue to do so for the foreseeable future. Technically, there is a massive head and shoulders with lower high after lower high on the right shoulder. (Trade Idea) Enter Short: $12.85. Stop...

EquityCast Updated 

Healthcare is beaten down and I am now long Humana (250 shares), United Health Group (500 shares), Cigna (long call options). Long 1/2 position here. Bounce looks to be imminent. Could go a bit lower but the chart looks excellent for a bounce on this healthcare sector growth company. Daily hammer candlestick close after a very nice retracement and gap fill....