pov_investor

pov_investor

I love how a single earnings can make a bearish looking chart/stock turn around ASAP. It was starting to look bearish for #Splunk with multiple rejections off the 200MA. Though the marketcap and market opportunity from my analysis made me bullish on the security (longterm). At times holding a technology/fundamental play can get tough, but i felt pretty disciplined...

pov_investor

Charts and overlays are definitely showing indication of higher prices to come, but indicators are signaling overboughtness. It helps to take any gains and reposition on a nice retracement. The explosive volume and price action are signaling a high demand for this stock. In my own experience and practice, I found it best to not get excited and caught up in these...

pov_investor

With $BTC.X holding and traveling above $6K, it looks like $ETH.X is developing a failing bear pennant/flag here. I would eye this area here to engage a long position with a set risk.

pov_investor

Before the SP500 climbed to new highs the small caps ($IWM) and mid caps ($MDY) were already leading the way. Overall, it looks like the indices are in agreement of higher prices to come. I think we might get some slight retracement in prices in the short term to develop a base before we start heading higher.

pov_investor

With the recent action in the broader markets, it looks like to me that higher prices are to come. This next wave of price movement should be ideal for momentum traders.

pov_investor

The bounce here at 6k looks like a potential start into some upside momentum. Picking bottoms have always been the hardest trades for me since it requires patience to play out. If we can continue to sustain this level for a longer period of time then i think the charts present a great risk/reward opportunity.

pov_investor

With the previous earnings causing the stock to gap, I would anticipate this to continue to traveling in the same direction in the coming weeks. A retrace back down to the $44 price area is about a 100% retrace from the previous earnings gap/open.

pov_investor

The descending broadening wedge pattern indicates a reversal is near and for this to play out as planned I would also like to see prices travel above the 300 price area.

pov_investor Updated 

The previous two days of selling after a mini gap down was concerning to see and I was anticipating some quick downside to the 50MA. However, after today's trading action and bounce off the 20MA I'll be looking to see this momentum continue to the upside.

pov_investor Updated 

If you open up your iphone's map application and search around for food you'll see that $AAPL will direct you towards $YELP's platform. Ultimately this shows that #apple has interest in #yelp's success and would compete against #GOOGL to make sure they sustain their market position. Do you think $AAPL would really want to lose to $GOOG maps? I don't see anything...

pov_investor Updated 

After reviewing the quarterly presentation on $FB, it doesn't seem that #bearish for #facebook 's outlook. IMO, i think we had a bigger fund taking off some gains and causing earnings to gap down hard. If my analysis is correct, i'll be anticipating some retracement here at the 180 price level as long as broader market conditions remain okay.

pov_investor

The rally in the dollar creates a headwind for #bitcoin as dollars become more valuable against cryptos. In addition, this dollar rally puts pressure on the economy as the financial economics start to tighten. Will continue to monitor prices from here.

pov_investor

The recent price action tells me that we may get more downside on #ethereum in the weeks and months to come. Until this market cools off, I would try to avoid any long positions unless it's for quick opportunistic trades like buying dips, etc.

pov_investor

We have #Ethereum revisiting the $400 price area with several tests at the $450 price area as well. This in combination with the most recent break in the "mid-term" trend line I drew tells me that there is a possibility of a reversal here. Worst case scenario would be $BTC.X and $ETH.X both breaking down lower from critical levels. Will continue to watch the...

pov_investor

The prior resistance on #Microsoft at $97 eventually acted as support. With their robust financials, market opportunity, and solid acquisitions I think $MSFT is setting itself up for a great longer term hold.

pov_investor

I continue to play $DIS from the $100 price area as my risk level. So far this stock appears to be holding the support and I'll be anticipating upside from here. Rule of thumb is to be patient/disciplined for the swing trade to play out. :)

pov_investor

#Salesforce, the gold standard #CRM application software/platform for enterprises continues to move higher. As this one extends far above the 20MA, one should anticipate short pullbacks to consider a long.

pov_investor

Solid trading day across all market indices $SPY $QQQ $DIA $IWM. The most recent setup and price action on $QQQ is indicating to me that markets can go higher from here. It's been super choppy in the past 5 months, but the second half looks optimistic. Moving forward, one should continue to be aware that we are in the later stage of the business cycle and that...