Ronald_Ryninger

Ronald_Ryninger

Who They Are Copart Inc (CPRT) is an online auction provider for used/damaged/stolen vehicles for mainly commercial entities. These vehicles are sold to a wide variety of end-users. CPRT makes money through fees from the auctions and from engaging in buying and selling themselves. Are They Making Money Their EBITDA(Adj) has been showing positive growth for...

Ronald_Ryninger Updated 

Overview: F like most automakers is facing a chip shortage with is hindering sales Chip shortage should prove to be temporary (not definite end in sight yet) which is creating a discounted entry point Current Trend: Was recently in an bull trend that ended Trade Plan: Slowly scale into position around when price dips below $11.37 Target...

Ronald_Ryninger Updated 

Overview: SPN pulls ahead of other SP500 categories for YTD returns OXY performing quick second test of resistance Current Trend: OXY was bearish RSI is rising Trade Plan: Enter OXY at end of day (5/5) if above resistance line If fails to break resistance put back on watchlist Target Profit: Sell 100% of position at $30.00 Stop Loss:...

Ronald_Ryninger Updated 

Overview: SPN pulls ahead of other SP500 categories for YTD returns HP performing quick second test of resistance Current Trend: Hp was sideways/bearish Increasing volume leading into recent tests of resistance Trade Plan: Enter HP at end of day (5/5) if above resistance line If fails to break resistance put back on watchlist Target Profit:...

Ronald_Ryninger Updated 

Overview: LAC has two large lithium projects one in North America and the other in South America North America project is 100% owned by LAC and has passed final environmental impact study and expects to get major permits in Q4 (company website) Trying to pick bottom of LAC retrace off Jan rally Long term trade (time horizon over 12mths) Current Trend: ...

Ronald_Ryninger

Noteworthy: Market on edge today waiting for FOMC meeting Energy leading sector in SP 500 YTD Overview: SPN was on a weak bearish trend that is possibly ending SPN broke weak S/R, now up against convergence of long term trend S/R and price S/R Trend Continues: Closes through both long term S/R and price level S/R Trend Assessment...

Ronald_Ryninger

Noteworthy: EIA raised demand outlook for crude Overview: BKR in strong downtrend High risk trade trying to predict bottom Entry conditions: Close above 20.61 RSI > 40 MACD fast crosses slow Stop Loss: Low lower than previous bar Close below or at 200 EMA Target Profit: 63 EMA Disclaimer Not investment advice. Thinking out...

Ronald_Ryninger

Noteworthy: Energy sector spiking today on news EIA raised demand outlook for crude Overview: SP500 continues bull rally As lockdowns ease and vaccines become more prevalent demand for oil goes up with increased travel Bullish Trend Continues: RSI breaks 57.60 SPN closes about 370.30 MACD fast crosses above slow Trend Assessment Was Wrong:...

Ronald_Ryninger Updated 

Noteworthy: SPF (linked idea) Earnings 4/23/21 Jefferies updated price target to 24 on 4/9/21 JPM updated price target to 22 on 4/8/21 Overview: Market continues to be in bull trend Open has gapped previous day close 3 days in a row Volume remains low RSI and MACD giving positive signals Entry conditions: 4/12 close >= 21.49 Stop Loss:...

Ronald_Ryninger

Noteworthy: Big earnings week for banks (JPM, GS, WFC, MS) SP500 keeps pushing record highs Overview: SPF testing short term S/R established by recent high Based on close today will look at financial sector stocks that fit into trading plan

Ronald_Ryninger

Note Worthy News: Suffered greater than expected losses but CEO Bob Pittman in earnings call said they have been seeing an increase in revenue month over month since April Entry: 9.20-9.30 Likely a pullback to resistance level before continuing bullish trend Technical indicators: EMA 10 crossing EMA 50 EMA 50 still below EMA 100 RSI showing bullish...

Ronald_Ryninger

Overview: Breaking Resistance line Recently broke triangle Entry conditions: Price 40.95 RSI >50 Vol at or above avg Close above resistance line Stop Loss: 37.08 (5% below EMA 50 at time of writing) Target Price Levels: $43 $46

Ronald_Ryninger

Upcoming Events: Earnings Aug 12 after market close Overview: CSCO is apart of S&P 500 Index. The index is currently closing the gap from Feb. Closing this gap could lead to greater than normal moves to upside or downside CSCO appears to have established a short term range and is showing bullish signs of breaking that range Entry: Target price: 47.67 RSI...