Rocketman

Rocketman Updated 

The Bank of Turkey will have its policy meeting on November 23, 2023. Whatever the outcome, I expect it to be good for the USD. Therefore, I am long now and will hold this pair through the meeting and beyond.

Rocketman

Fundamentals: New Zealand and China: How China Will Influence New Zealand's Currency Pessimism regarding China's economy has reached its highest point for the past year. According to the Wall Street Journal, FDI in China grew in the smallest record since 2004 (two decades): www.wsj.com I believe that there will be a temporary recovery this quarter and the...

Rocketman

Fundamentals : It seems that Hungary's central bank rate cutes will come faster than the US central bank rate cuts. This could strengthen the US Dollar's currency relative to the Hungarian Forint's currency. Technicals : divergence bottom reversal pattern ichi cloud break Weekly morning stars Monthly uptrend and bullish chikou Recent news: "Hungary's...

Rocketman Updated 

Reasons to go long: Weekly : NIKKEI has rallied 50% from its weekly retracement 5EMAs strategy retracement Daily : uHd Chikou breakout TK Flip-Flip If this was the low, then will target 35000 to 35900.

Rocketman Updated 

Technicals : Double Bottom with volume confirmation Cloud breakout ExDiv1 with bottoming indicator Potential Risk: horizontal resistance at 190 also is where the kijun is located.

Rocketman

Fundamentals: Deteriorating economic-fundamentals for the South African Rand: "It's a futile exercise trying to defend the exchange rate," says the South African Central Bank governor. He won't defend the depreciating rand. According to Reuters, Kganyago says that the "bank's main concern remained fighting inflation, reiterating that risks to the inflation...

Rocketman

Fundamentals : ok Technicals : Adobe's 2023 trend leg continues in to 2024. RSI has reached a bottom for the 5th time in this trend leg and price has reacted once again. Price has pierced back above the cloud. a-b-c down Crown target hit. However, there could be resistance at 598.85. If price rallies above that, then this will be an extra confirmation that the...

Rocketman

Technicals : This pair seems as though it is bouncing from horizontal support. Daily Kijun Trend Bounce potential with hidden bullish divergence. The weekly Chikou span looks like it is about to move back above the weekly cloud. Daily ADX is trending. A move strong toward and above the Tenkan would confirm the entry. The weekly Chikou fell back inside the...

Rocketman

I have been tracking this company since October 2020's covid price low (retracement). The price fell back to $35 covid at the beginning of 2023 and formed the beginning of a large reversal signal by mid-year of 2023. Now, MRVL has given a new signal to go long. Weekly: Weekly MACD closed positive above the water line from November 13, 2023 and stayed...

Rocketman

Fundamentals: Markets are watching the BoJ; whether they will raise rates this quarter. Technicals : CHF has been the strongest currency versus the JPY on a monthly, weekly and daily basis. A new buy signal occurred yesterday. Long until a fresh fall below the cloud...

Rocketman

Fundamentals : This trade is a bet that Japan will make changes to its YCC in 2024 and interest rates. On Tuesday, however, the BoJ kept interest rates at -0.1%, "while also sticking to its yield curve policy that references the 1% upper bound for 10-year Japanese government bonds as its limit." The '"BOJ Governor Kazuo Ueda says more scrutiny needed to ascertain...

Rocketman Updated 

The SPX500 broke out of a tight range as it continues its trend upward. So, going with the trend....

Rocketman Updated 

Reasons why I am buying Microsoft: Fundamentals : Three quarters of growth in earnings and sales y/y. Three year earnings per share growth is 22%. The outlook and forward guidance for 2024 and 2025 are positive. Technicals : wicked daddy pbs TK cross flip Flop 1st pullback of new trend Morning Star+Engulfing candle 38% Fib large cup w/ handle pattern uV1...

Rocketman Updated 

Fundamentals : A strong company with increasing number of funds clamoring for its stock. I also like its sales and earnings, its strength relative to the S&P500, and its forward-looking est. growth in 2024. Return on equity is about 35%. Technicals : Week of Sept 25th hammer candle and Week of October 23 engulfing candle with huge volume produced a bottom....

Rocketman Updated 

Comment: The US stock market has bottoms, led by the tech sector. The probability of a continued rally into Q4 is high. The bull market has reset itself for more growth ahead. Technicals: Extreme Bottoming Indicator Deeper PBS Engulfing Bullish Candle @ support a-b-c pullback completion Monthly Average Range tested

Rocketman Updated 

Fundamentals : The Google-Gitlab partnership improved the fundamentals of this company. Earnings and sales are growing. It is not what I classify as a super stock yet. Cashflow is still negative, as it is still early. It IPOed two years ago. A growing amount of funds are accumulating this stock. However, sales are not accelerating yet and there are some data...

Rocketman Updated 

Technicals Valid Cloud Breakout Deeper pbs + %EMAs entry + 50% fib confluence a-b-c equal legs completion + IHS pattern Going long...

Rocketman Updated 

Fundamentals : ANET is lacking in one important parameter in my checklist; that is, sales acceleration. Three year earnings growth rate is strong. A growing number of funds are adding this stock to there portfolios. It is not the best stock that I would like to own fundamentally, but it is a good stock to invest in. So, I will gradually add to it in smaller...