trading412

trading412

Baba holding the wedge still though with less momentum, it's in the territory of a dangerous head-and-shoulders. Breaking out of the head-and-shoulders today is bullish. It's lower low on 12/5 could just be a result from the pull back in the Shanghai Stock Exchange index. Revenue growth continues highlighted by Singles Day (11/11) revenue of $25 billion....

trading412

OIH is breaking to new highs, potentially breaking out of the wedge it has been stuck in since bottoming. A potential new Arab Spring in Iran and coming disruption in Venezuela should boost prices through the year. As WTI Crude TVC:USOIL continues to hit new highs yet diverge from OIH, I've become to worry that OIH will not see the same gains after hitting a...

trading412

Dollar index has almost completed a head and shoulders move signaling the continuation of it's year long decline

trading412

Growing revenue, margins, free cash flow, and trading at a low-ish historical PE still makes Lam Research a good Value pick. Timing: picking up more with this double bottom found after the slide. Downside: The semiconductor cycle and potential downturn in 2018. But IoT demand should have a greater benefit to prevent it though.

trading412

INTC seems to have leveled off from its decline from the beginning of november after chips got too hot in october. Buying more at a decent valuation for a company with growing revenue and steady cash flows.

trading412

Gold became oversold after speculators jump to bitcoin? Retracement to 1265 expected

trading412

Ford is potentially breaking out of its downtrend since 2014. The recent divergence among Ford and its competitors Toyota and GM could revert with Ford following them higher. Macro risk of subprime auto loans could impact the sector's performance.

trading412

IOTA is in a wedge converging tomorrow, 12/13/17. Spikes in Volume show the possibility of a major move about to occur. I still believe that the utility in IOTA, and lack thereof in BTC, will drive the use of IOTA as a currency providing more underlying value than BTC. BTC futures have taken some of the wind out of the sails of other cryptos but have not decided...

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Strong and consistent revenue growth should drive earnings. With a P/E of 17.3, it is inexpensive compared to rest of market. Their customers, including major tech players such as Apple , Nvidia , AMD , and Huawei, having continued growth will drive TSM's revenue and earnings into the long term future. Timing using technicals: it's held a trendline since...

trading412

Strong channel since jan 2016. Breakout over 2014 high - bullish for continued rally.

trading412 Updated 

Oil stays relatively strong improving revenues. OPEC has a better control of their supply. Saudi's consolidation of power strengthens OPEC's power. Higher Interests rates and costs of production for the debt-laden shale producers will dampen their response to higher prices.

trading412 Updated 

2 month wedge formed in Gold. Cautious about the trade with a small reward. If the 1270 support is taken out, a drop to 1250 could happen quickly. Downward trend in the Dollar index should support the price. Hesitant with the success of tax reform and the potential move to US equities from safety assets.

trading412

MU could find a floor around 36-38 and rebound from there with its RSI at the lowest level since its previous rebound in august. It's set up to return to the channel it had been in since may, 2016. It's recent strength seemed to have come from speculators who were quick to sell on weakness. Potential excess chip supply and the end of the NAND shortage could put...

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Surged past the mid august high. Microsoft's NASDAQ:MSFT new investment in this crypto is promising for its future. It solves many of the problems that hold back bitcoin including the need for miners to be active in order for the network to function by having new transactions approve the previous ones. I hesitant to say it has perfected blockchain currency,...

trading412

Cheap multiple for the best performing airline. Ascending wedge favors the possibility of a breakout with minimal downside risk. Solid balance sheet minimizes the macro risk of oil continuing to rise. TVC:USOIL

trading412

Bouncing off a strong floor at 170. Issuance of new $7bil in debt over the weekend could continue its fall.

trading412

Technicals and valuation support a bullish rebound. Supports at 35 from the channel it has been trading in since June. PE of 5.2 is cheap in this market where the S&P trades at a PE of 25. Excellent margins (80%) support their profitability. Even though Amazon dominates this space, there should be enough room in ecommerce for Ebay to continue to grow.

trading412

Strong channel support continues. Risky shorting in an upward trend though.