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Posted by Martin June 12, 2023

Bad breath bad but improving

Last week the markets rallied as I expected but many investors were pointing out that this rally is fake, bear market bounce, and that only a few big tech companies participate in this rally and thus the market is in fact doomed. And they may be somewhat correct but only in one fact – the Continue reading →

Posted by Martin June 07, 2023

Technical view: SNOWFLAKE Inc. (SNOW)

  Snowflake is in stage #1. The company reported earnings. The report was a 92% surprise (revenue was 2% surprise) but they provided guidance which Wall Street didn’t like. The stock dropped hard a week ago and all the Wall Street analysts started their piss contest on downgrading the stock. But last week, the stock Continue reading →

Posted by Martin June 05, 2023

Earnings drive the markets

Just a few minutes ago before I started putting together this newsletter, we received news that our inept politicians finally struct a deal and they would vote about rising the debt ceiling on Wednesday next week. In my last newsletter rant about the debt ceiling, I expressed my conviction that in the end, the politicians Continue reading →

Posted by Martin May 31, 2023

Technical view: TESLA Inc. (TSLA)

  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 →

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 →