GLD is ready to break out, FED basically said they support elevated inflation levels.
SQ pretty much did what was expected this past week, Valuation is pretty high and I expect some consolidation before moving higher. The risk with SQ is that their growth slows and the bump they got in active users tapers off and was dependent on the stimulus check deposits. They need to expand their direct deposit users since those are the ones that really spend...
I think BABA crushes earnings and gets around $280-$285 by the end of the week. BABA options play. Aug 21st $267.50 Call ($2.74) - this is what I am doing.
I think it stays below the $77 area and continues down to the low 50's. I think 3 Bil market cap is about right for this company now. Roughly $50/share.
BRK.B, look to see if it holds above $200, and it becomes new support level.
Looking for BRB.B to break out above the $200 level this week!
SQ is still looking for a direction. I think growth on cash app will be the factor that determines if we go up or down from here.
Tesla failed to launch, maybe some buying fatigue.
The more money they print, the more artificially inflated the stock market becomes, the better Gold starts to look. The Fed says there is no limit to how many trillions of dollars they will print to widen the gap between the actual economy and the value of the stock market. Gold becomes more and more attractive the wider the gap between the market and reality...
My views on Gold, not an advisor, just my thoughts... what do you think?
Just a basic guide to help newer investors buy and sell at better prices based on support and resistance in price action.
MSFT good buy opportunity in my opinion. Just my opinion.
This is a newer company that currently has 1 store just off the Vegas strip, they sell Mary-J products not only in their own store but they have a brand they sell in other stores. Very small cap... could be an opportunity to get in on a penny stock with a more than average chance to succeed.
Opinion, don't buy or sell anything on my advice.