WellTrainedMonkey

WellTrainedMonkey

$AMD, do you really want to bet that AMD's new GPU will save AMD share price from the negative cycle dynamics and dot com valuation??? Revenue and earnings growth are already at +1 std deviation levels and turning south. The weak guidance was inevitable and considering the CEO sold shares at $34...I am surprised there has been bids for the stock. She knows...

WellTrainedMonkey

$MU reversing off an ABCD completion into a lower high 50% retracement off the 2018 highs. If the trend line support near $36 does not hold, the implication is a stretch downside target closer to $12. I just do not see how with US chip stocks are stay at elevated levels when smartphones are not moving and memory prices are crashing...

WellTrainedMonkey

$AMZN looks a lot like the $GOOG chart I posted a while earlier with a SSR break down with a stochastic divergence. Again, $AMZN is a cyclical business like $GOOG is.

WellTrainedMonkey

$GOOG, reversing off the top of the range for the 3rd time in past 12 months. Google is an ad machine and ads revenues are cyclical like the economy.

WellTrainedMonkey

Last Oct I published a series of charts named “The preponderance of evidence”, I think it is time for a new series. I think the charts itself should be self explanatory. Feel free to drop me a line on what you think.

WellTrainedMonkey

Last Oct I published a series of charts named “The preponderance of evidence”, I think it is time for a new series. I think the charts itself should be self explanatory. Feel free to drop me a line on what you think.

WellTrainedMonkey

Last Oct I published a series of charts named “The preponderance of evidence”, I think it is time for a new series. I think the charts itself should be self explanatory. Feel free to drop me a line on what you think.

WellTrainedMonkey

Last Oct I published a series of charts named “The preponderance of evidence”, I think it is time for a new series. I think the charts itself should be self explanatory. Feel free to drop me a line on what you think. When 50% of IG bonds are BBB rated, 1 notch above junk, are you sure you are getting what you think you are buying? #lemonalert

WellTrainedMonkey

Last Oct I published a series of charts named “The preponderance of evidence”, I think it is time for a new series. I think the charts itself should be self explanatory. Feel free to drop me a line on what you think.

WellTrainedMonkey

Last Oct I published a series of charts named “The preponderance of evidence”, I think it is time for a new series. I think the charts itself should be self explanatory. Feel free to drop me a line on what you think.

WellTrainedMonkey

Last Oct I published a series of charts named “The preponderance of evidence”, I think it is time for a new series. I think the charts itself should be self explanatory. Feel free to drop me a line on what you think.

WellTrainedMonkey

Last Oct I published a series of charts named “The preponderance of evidence”, I think it is time for a new series. I think the charts itself should be self explanatory. Feel free to drop me a line on what you think.

WellTrainedMonkey

Just drilling down into the BTC price action where we can see the 2019 uptrend line has been conclusively broken. Price action has retested the SSR and MA support-turned-resistance and appears to be failing. Not sure how many people still remember the ride from $20k to $3k? I personally think this is a more important dynamic than any blue sky valuation for an...

WellTrainedMonkey

I usually do not like to post about crypto but the weekly price action is a such a classic topping pattern. Don't flame me, I just follow the lines as they falls.

WellTrainedMonkey

Couple of major points to unpack relating to oil which points a major inflection point downwards to a material low:- #1 Oil is on a downward trend since peaking in Oct'18. In fact, the Oct'18 peak is a lower high vs. the 2014 peak which was a lower high from the 2008 peak. In short, there is a massive decade long downtrend line which suits the thesis that oil...

WellTrainedMonkey

LQD which tracks BBB-rated corporate bonds is reversing at the top of a a channel which started in 2012 when global central banks launched their QE forever campaign (Twist, Whatever it takes, ETF buying etc). You can see LQD break below a SSR near the top of a channel with negative short-term trend. Lots of reasons to be bearish for corporate bonds, higher...

WellTrainedMonkey Updated 

$CL1 completed a 3-drive formation which coincides with a SSR support and 61.8% retracement of the Dec'18 to Apr'19 up leg. Focus is shifting from demand issues to potential supply issues with Iranian crisis and potential for Russia to break with OPEC. Mother Russia will not break with the House of Saud as the relationship is beneficial to Russia in both...

WellTrainedMonkey

$ESA is +c.8% in 13 trading days and testing price action's upper limits for the 3rd time in 9 months. I am oft reminded of the maxim to buy on rumors and sell on facts.