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Posted by Martin May 24, 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 →

Posted by Martin May 20, 2023

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 →

Posted by Martin May 17, 2023

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 →

Posted by Martin May 12, 2023

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 →

Posted by Martin May 11, 2023

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 →

Posted by Martin May 09, 2023

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 →

Posted by Martin May 09, 2023

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 →

Posted by Martin April 30, 2023

Why bears will get hammered even more

Market bears are bearish as never before. It is stunning. But unfortunately, they are on the wrong side of the market. Their asses will get kicked badly as we are recovering from a recession. I say “recovering” because we were in a recession already. But the bears failed to recognize it, and they expect it Continue reading →

Posted by Martin April 27, 2023

Bears are getting their asses kicked, and it will get worse for them

Amazon (AMZN) reported earnings, and the stock soared more than 7% AH. That will obliterate the bears more as the stock will spur upward pressure in tomorrow’s open market. The GDP report and economy indicate that there will be no recession. Some market analysts, like Ed Yardeni, even think that we actually already had a Continue reading →

Posted by Martin April 27, 2023

Crocs (CROX) reported earnings, beat, but dropped more than 17%

CROX beat the estimates but provided weak outlook for the next quarter. Morons rushed to sell everything, including their house, wives, kids, dogs, and CROX. The stock dropped over 17% (as of now), and it was down more than 21% this morning. It amazes me how stupid the market is (or market participants). A CEO Continue reading →