chuckination

chuckination

Well, news broke Friday that CTXS got hacked due to the use of weak passwords, and they had to get told by the FBI that it's been going on for months and they didn't even know. Expect a number of days of strong downward action in this bearish breakout market environment. From the chart, some traders have already started pricing the news in, and I'm going to open...

chuckination

March is upon us, and all the major indexes have been down for the past few days. If this continues into tomorrow without a break by Monday, we're likely back into correction territory and I'm putting my cash investments into treasuries or bonds. VIX is beginning to rise and there are pockets in the various sectors that are showing profit if you know what to...

chuckination Updated 

CRON was downgraded to a hold earlier in the month because an analyst felt that the price action needed to cool off to prevent a bubble from forming. I'm seeing some smoke signals that the steam is beginning to build up again on this one. There's a very clear cup and handle going on here, and I don't think CRON has run its price too far up yet. I was holding...

chuckination

Target showed me all the ways to make money today. I took a small scale in a few days ago anticipating a good response to holiday earnings after they had a relatively lukewarm rebound from the late 2018 correction. Seeing the traffic at my own local Target, I was certain they would exceed expectations and they lived up to my hopes and more. After hours trading...

chuckination Updated 

KHC is having a rough week. The news broke on Friday that they had to write down $15b in acquisitions from brands including Oscar Meyer. With a market cap of $58, any investor should be alarmed when a company writes down a quarter of their valuation! The largest holders of KHC are Berkshire Hathaway and 3G Capital, so anyone that followed Buffet into an earlier...

chuckination Updated 

Late 2018 wasn't kind to NVDA. Declining cryptocurrency mining demand both hurt their long term growth expectations that were pricing that in and shed light on their large inventory holdings due to this regime change. Just when it seemed the worst had come just before earnings (the fateful guidance announcement in late January that retraced back to their 2018...

chuckination Updated 

I've enjoyed making profits on the new alternative harvest stocks, and I've been watching MJ as my industry benchmark. CRON seems to trade the best for me of all the tickers I've tried, but I took profit a couple of days ago and you might want to consider doing so now if you haven't already. Advanced traders would benefit from a box collar, but I'm not...

chuckination Updated 

NFLX staged an excellent Christmas rally, but the steam got let out of the tires on their earnings call due to their cash burn. It seemed that everyone's favorite winner suddenly needed some reality to check in on its cash earnings. Fast forward nearly a month later, and fears of a recession are subsiding with the Nasdaq rising up over the 20 and 50 day averages...

chuckination Updated 

WMT is reporting earnings tomorrow morning before the market opening, and the press leading into the event is already prepping investors to expect a large price movement up. This particular earnings call will report for the period covering the Black Friday sales and after-Christmas clearance sales. The chart is showing a strong inverted head and shoulders...

chuckination

UTX posted a Valentine's Day dividend, and now it's time to consider buying back into them. Despite an earnings miss, they're going strong with high winds on the US Federal budget negotiations in Washington yielding to compromise and better news for their Carrier and Otis Elevator brands appearing stronger through higher revenues favoring better terms on their...