Currently, $SPY is working with in solid range, but it looks like $385 might be the bottom. If it breaks $385 we will move down to $330 but I doubt it breaks. I think is not the beginning of the end but the start of a new trading pattern. Chop possibly for the rest of the yea. Up and down movement working within the range of $450-$410, but again the market can do...
Technical analysis on the YINN, it is a Chinese bullish 3X leveraged ETF with the largest holdings including Tencent and Alibaba. I am a huge fan of Chinese tech stocks, the Chinese market is massive and constantly growing as Chinese regulations becomes more lose (which if they want to compete with the United States it will) then Chinese stocks will start reaching...
Now I am not completely sold on going short on Apple. However, follow the puzzle that is the stock market, my guess with negative press on every other FAANG stock, Apple will be the last piece of the puzzle. Something wrong in Apple's supply chain, update backfires, etc. anything can happen and betting that it will. Today, German regulators are investigating Tesla...
This is very important point for $BCRX, I can see this go either way but my guess is by the end of the week we see $BCRX at $16. I am going to do a more in-depth analysis in the next week.m
With Google (Alphabet) announcing a 20-1 stock split it is not shocking to see Google back up at $2,900. However, looking at Tesla's stock trend prior to their stock split, my guess is that Google will hold around $2,900 to $3,100 for next 15 days. Google stock split will push Google back in front as the highest market cap company listed on the NASDAQ, yes ahead...
Looking at the S&P 500, it looks like it broke resistance but that doesn't give me hope. Not yet at least. I need more out the S&P 500 before I decide to jump back in, but I do like where the market is heading. This was a nice break from are usual broadcast of the market constantly breaking new ATH's without looking back. Netflix going up 10%+ along with the rest...
With a small drop at close, not red, but a dip, there could be a move of about potentially 1% by the end of the day. This is a short term bullish pattern, I am still long-term (month to two months) bearish but a small move upwards would make sense for a market that seemingly only wants to go up on a slight positive move (pending home sales, rise 8.1%). We will see...
