TSLA is forming stage #4, though last week it attempted to recover the previous losses. The stock is still trading below 200-day MA and struggles to break up. It seems TSLA didn’t participate in the recent tech rally and that should be concerning. Musk is cutting prices of cars in order to attract more Continue reading →
Archive for May, 2023
Technical view: ARK Innovation ETF (ARKK)
ARKK is in stage #4 but morphing into stage 1. The stock started moving down sharply. As the tech stocks recover, ARKK will follow. If you like risky investments, this could be a good ride. I won’t touch it with a long pole, though. The stock may be propped by risk-loving retail investors, but Continue reading →
That damn debt ceiling!
The debt ceiling was put in place by Congress during World War I and its purpose was to shift debt management from Congress to the government. Before, it was Congress who approved all expenditures. But during the War, it became difficult for the government to go to Congress and get approval for increasing war effort Continue reading →
Technical view: Apple Inc. (AAPL)
AAPL is in stage #2. While all the “technical gurus” on CNBC were recommending selling Apple because it was technically doomed to go down when it approached the downward sloping trend line, the stock defied them all and kept rising, so I hope you were not listening to them and kept buying. The stock Continue reading →
Here we go again, the market circus continues.
Once again the market’s participants are freaking out about known issue that is probably no issue at all anymore. No one knows what is going on. The Media are trying to explain to us who pooped first but in the end, they are as clueless as everybody else. And the market circus continues. In the Continue reading →
Technical view: Restaurant Brands International Inc. (QSR)
QSR is in stage #2. This could become another Texas Roadhouse restaurant if done correctly. Patrick Doyle is a great CEO and has a very good track record of turning struggling businesses around and making them profitable. I think this could be another opportunity to make this a great investment although the stock is Continue reading →
Airbnb (ABNB) drops 12% AH
Market participants exercise their idiocy once again. Airbnb, Inc. (ABNB) came out with quarterly earnings of $0.18 per share, beating the Zacks Consensus Estimate of $0.10 per share. This compares to a loss of $0.03 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of Continue reading →
Technical view: Alphabet Inc. (GOOGL)
GOOGL is in stage #2. and extremely undervalued. The stock is recovering from the recent bear market very fast. It reached its intermediate resistance, but it seems to have the momentum to breach it. Despite all bearish talks, GOOGLE is improving its finances, and cutting costs, and that is what investors like. It will Continue reading →
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