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Thursday, May 24, 2018

Why Netflix Hit All-Time Highs, More To Go

Netflix stock just broke out to new highs. We've been bullish and think there's more to go. Our 12 month upside target is $650. That would be another 88% upside from here.  Global business momentum has the revenues accelerating which causes our earnings targets to go nuts and are much higher than the Street.

Wednesday, May 23, 2018

Bitcoin Drop Near Downside Target

btcusd chart
As you know we've been calling for Bitcoin BTCUSD downside over the last two weeks (here here here). The trend is still clearly down but we write this to point out that we reached a near term downside target so the short term risk/reward is not as good as it was.

Tuesday, May 22, 2018

Bitcoin Still Points Lower

Bitcoin's price is still in a downtrend.

We've pointed out that Bitcoin (BTCUSD) is in a downtrend despite many expectations of a positive Consensus conference reaction. That's a sign of good news "bad action" and is a bearish trading signal.

Monday, May 21, 2018

Facebook Chart On It's Way To New Highs

Facebook news has quieted down which has let the stock rise secretly passed a key level. Earnings upside from here can help this stock finally break out to new highs once again.

Stock Price Cooperates Higher

We pointed out on April 25th that the last earnings reaction could lead to upside follow through. Facebook's stock has responded with that upside follow through.

Sunday, May 20, 2018

US-China Deal To Remove Major Stock Market Risk

Treasury Secretary Steve Mnuchin today said that China Tariffs are "on hold." Trade-deal progress would be bullish clearing one of the biggest stock market risks of the Trump administration. One of the biggest beneficiaries would be the tech sector.

Bullish For Tech Stocks

Mr. Mnuchin said trade negotiation have "specific targets industry by industry."

Friday, May 18, 2018

Bond Yields Spike But Stocks Not Budging: Bullish

Bond yields have been breaking out higher but the stock market's been holding firm. Investors still cringe about February's market meltdown due in part to spiking yields. Concern is of course warranted but "market action" may be more important. Holding firm this time around would be bullish.

Thursday, May 17, 2018

Telsa: Goldman Bear Makes Bullish Comments

Goldman Sachs came out with a call saying it's all over for Tesla. They are going to need capital in 2020.  Wait a minute, 2020!?! Didn't bears think this company's going belly-up this or next quarter. 2020?? Sounds bullish to me.

Goldman Bear Bullish Comments On Tesla

Goldman Sachs Bear David Tamberrino made incredibly bullish comments without realizing it.

He said that Tesla needs capital in 2020. That's amazing news, not negative news. 2020 is much further out than next quarter. All the shorts are hoping and praying that Tesla will run out of cash next quarter.

Bitcoin Price Holds Downtrend Even After Consensus

Bitcoin and other crypto currencies have tended to move higher during and following the biggest Bitcoin event of the year, Consensus. In trading terms that's a sign of "bad action" and a bearish trading signal.

Bitcoin In A Downtrend

We recently pointed out that Bitcoin as the proxy for crypto currencies is currently in a downtrend.  We'd guess that many traders were hoping for a Consensus bounce but didn't get it.