scottybfx

scottybfx Apr 2, 2024

I believe the current bull cycle is in it's late stages, I don't buy the current stories around this market. I am supposed to be fervently bullish according to what I read - 'The institutions now believe too, they're going to push prices will past $100k!' - So I should go along with what is painfully obvious and buy, right? I'd be dumb not too! But wait a second....

scottybfx Updated  Apr 2, 2024

Thanks to TradingView for the new Minds feature, I've really been enjoying the bite-size thoughts and the real-time commentary from the TV community. I am an orderflow gamer, so when I look at price charts, my goal is always to assess who's currently got the upper hand. When I know who is likely buying or selling, I test myself by trying to callout price action...

scottybfx Mar 14, 2024

A Youtuber did a review of a Fisker recently and it sent this thing into full freefall. My idea is very simple and straightforward: Get into this name at $.18-.25 cents and ride it back up to $1.00- 1.25 I know the fundamentals are bleak, but these guys have cars on the road(yes they need some fine tuning), I bet the underdog crowd comes in and runs this back to...

scottybfx Dec 2, 2021

This chart shows the Nikkei 225 offset - pushed forward 1663 weeks. I matched up the record high of the Nikkei from December of 89' to the current high on the Dow and the price structure similarities are striking. In the US today, we've got the bubble of all bubbles. There is a hissing sound coming from my charts the last two weeks. We all know what happened to...

scottybfx Updated  Jul 14, 2021

Oil is going to boom like it never has before, we're going to see oil top $200+/barrel. This will be the result of several interacting factors. Many soon-to-be vaccinated Americans with government stimulus in their pockets will the hitting the road for epic vacations in the coming months. The entire population has cabin fever, thanks to year-long pandemic...

scottybfx Jul 14, 2021

I learned yesterday that the Biden Administration has approved more federal land drilling permits than any other administration since George Bush. This screams that Uncle Joe ain't down on oil, but in public he'll denounce the industry to appease his base. OPEC+ is working together to keep supply tight. There was drama at the last OPEC+ meeting where the UAE...

scottybfx Updated  Jul 14, 2021

Retail lumber prices will come down, current supply will be hoarded like toilet paper. Supply chain issues will persist, futures bottoming now. Market will find firm support at $1K, then continue advancing to $2500. We are at 50% retrace, the .0075 parabolic coefficient, and price has completed an ABCD pattern. Time to buy!

scottybfx Updated  Jun 16, 2021

Ashford, like most hotel operators, took a serious hit due to Covid. They are hanging on and I believe they'll survive thanks to their strong portfolio of properties. I caught this one back in late December and early January and happened to notice that Oaktree Capital was supplying AHT liquidity. After further research, I am long. I think this one is going to...

scottybfx Jun 1, 2021

Lumber prices are going to severely hurt HD Currently low interest rates will keep demand high enough to keep lumber high The average homeowner has largely crossed HD off their shopping trip as they wait for prices to normalize. This lack of regular business is going to bring HD down sharply if lumber remains inflated. Watch the numbers the next couple of...

scottybfx Mar 23, 2021

Heavy depth at the ask is holding TSLA down for now. The weak hands are cashing out - this is likely an exodus of stimulus buyers as funds are needed for daily living. Once we see price penetrate the $700 level, we should see an acceleration in the next major buying wave which will run up to $1500. I was personally mistaken in formerly viewing Tesla as merely an...

scottybfx Updated  Mar 5, 2021

Much of the country is experiencing a significant deep-freeze. Texas is witnessing historic cold and power outages. I believe this winter disaster is going to be the catalyst for a correction in Tesla and will adversely affect the sentiment around EV. I don't care about the politics involved, I am thinking of the average Joe. As Joe sits in the dark and cannot...

scottybfx Mar 5, 2021

Well.. I was correct about a retracement, but this happened quickly and I think the selloff is done as of Today, Friday, March 5th, 2021. I believe Tesla will struggle with EV, but they are so diversified that is not going to hinder them. Tesla's next stop is new ATH, followed by $1500 and beyond. Don't lose heart, Mr. Market.

scottybfx Feb 18, 2021

The confidence of people in the grid, and therefore EV, has taken a serious hit. It is exactly this confidence that results in the purchase of EV's. We're going to see a pulling away from EV's due to the historic cold and power outages which are currently gripping a large portion of the US. The only thing that will keep the push toward electric vehicles going at...

scottybfx Updated  Jan 11, 2021

When BTC reaches $40K and holders attempt profit taking - the market evaporates and goes into freefall, then, like magic, goes back to 40K. The real take profit orders are being filled at inflated prices at the ask. If you want out of the market, use a limit order, the bids are shallow.

scottybfx Updated  Jan 5, 2021

Doge started as a joke, but nobody's laughing anymore - market cap at $1.5B Doge is an inflation protection pipeline, despite it's origins and funny name - it's a parking lot like gold, BTC, et al RobinHood kids are flowing stimulus dollars to crypto, Bitcoin is top-heavy - liquidity is getting thin at the bid -- BTC at altitude, beware! As stimulus funds...

scottybfx Dec 30, 2020

Next few waves

scottybfx Nov 18, 2020

Relative to other producers in the industry, Molson Coors has been neglected by investors. The company remains profitable, this stock represents a huge opportunity. The P/E and P/B looks great, lots of room for upside growth. First stop is $75-100. Give it a few years and it'll be a good one for the long-term portfolio.

scottybfx Updated  Jun 6, 2020

According to recent data, New York City has only made 30% progress toward herd immunity. See this link: www.worldometers.info - The implications of this are highly material. The rest of the USA is at far less progress to immunity (thankfully). The USA is rapidly printing money as Trump is in denial about the pandemic. It is well known that Trump refuses to even...