There are some good looking charts to play next week. Especially after then end of last week where we had a very green day on friday. Most of these are bullish plays and most of these plays are short term. Remember there are thousands of potential plays. There is money to be made all over the markets every day. Here are a few I will be watching for some short term momentum. The US futures opened on the green side so these short term bullish plays are loo...
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iamiam
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Good post! I like the food industry plays as a hedge to rising grocery costs and i always like energy. I think your right about playing others as quick bumps is wise. GO has some recession issues mainly they rely on overbought items from chain retailers, with shortages its becoming difficult for them to find sufficient products. TWNK and MKC are solid - spices sell well when people try to save money and eat at home more. And Hostess is like cigarettes and booze in a recession Twinkies, Ding Dongs, HoHos, Donettes - will always hold up, (Woody Harrelson's obsession with finding twinkies in the movie Zombieland is a real view of America no matter how bad it gets those things release endorphins)
SpyderCall
OP
iamiam
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Lol. Love that movie. Woody Harrelson is one of my favorites…. I didn’t know that about GO. They are a solid company. Didn’t know they were having troubles. The chart looks like a little dip is in the works very soon. We shall see. Maybe if tech outperforms next week then these value stocks that have been rallying might take a breather. Who knows
$Bitcoin (BTC.CC)$ Bitcoin has been stuck in a massive range with swings as low as $28,800 up to as high as about $71,000. Currently the price is approaching this long term range’s support level it has not dropped below since the beginning of 2021. If you were bullish on BTC then this support level might be a good place to enter. If you were bearish on BTC then you might want to wait to see if this level gets broken before entering into any short positions on bitcoin relat...
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solo invest
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I think there will be a big move at those merging support levels. It’s tanking right now as I’m commenting this
solo invest
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I’m looking at your price channel on the 4 hour candles. It should get some buyers to come in around here. Unless it completely craps on itself. The indicators look really bad on this timeframe though. It looks very bearish
It is not a major day for earnings. Many small banks reporting again. There are some good names reporting earnings and may be worth a look. $MGM Resorts International (MGM.US)$ This travel and leisure company may have performed well. Based off of airline companies earnings we have seen a lift in airline ticket sales. Also booking for cruise liners has been high as well. This could very well point to increased revenues in other companies in this sector. This is not ...
Always Hungryy
SpyderCall
OP
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what I learnt is there are no rules. when earnings is up, people play options to keep it down. when earnings are up, Fed puts out a headline and all prices drop. so there isn't necessarily any logic involved. I wish it wasn't like this, but been burnt enough to teach me there is no guarantee even if earnings are great.
The main event for the week will be Jerome Powell's rate hike on wednesday this week. The Fed increasing interest rates is the main reason for the market correction these past months. A 50 basis point hike is expected. Anything different will surely move markets. we might even possibly get a big move in the markets off of the expected 50 point move as well. Many world markets will be closed for some time this week. Most importantly Chinese mainland markets will be cl...
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solo invest
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Is J Powell going to kill the markets again? What should I load up on? Gold, the Dollar, Treasury Bonds??
SpyderCall
OP
solo invest
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im not sure exactly. I like the dollar mostly. Treasury bonds have been getting cheaper for a while now. Gold looks like we will see short term downside for now. who knows?? Where are all the macro analysts at???
The market is poised for some short term upside so it may be a bad week for shorts. But some of these value companies may see some weakness if tech outperforms next week $The Campbell's Co (CPB.US)$ Watch for a correction down to trending support or previous highs from several weeks ago. $Monster Beverage (MNST.US)$ Watch for the bounce or break of support in this 4 hour price channel. $Ulta Beauty (ULTA.US)$ ULTA has broken down out of a trending...
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Always Hungryy
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lots of talk about the jitters. any thoughts on selling everything and cashing out?
SpyderCall
OP
Always Hungryy
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i wouldn't sell out just yet. We have already fallen so much. It is very possible we will take another leg down but recession isn't happening yet. I think not this year. And a lot of people would be buying here considering some prices cheap. Like Warren Buffett
RDK79
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More earning reports, fed meeting, Russia still destroying Ukraine, massive amounts of export food not leaving Ukraine ports … I think shorters will be fine this week. But I don’t invest in shorts.
The main event for the week will be Jerome Powell's rate hike on wednesday this week. The Fed increasing interest rates is the main reason for the market correction these past months. A 50 basis point hike is expected. Anything different will surely move markets. we might even possibly get a big move in the markets off of the expected 50 point move as well. Yields started the week on the rise so we can expect the 50 points at least.$iShares 20+ Year Treasury Bond ETF (TLT.US)$$Cboe 20+ Year Treasury Bond ETF Volatility Index (.VXTLT.US)$
iamiam : Good post! I like the food industry plays as a hedge to rising grocery costs and i always like energy. I think your right about playing others as quick bumps is wise.
GO has some recession issues mainly they rely on overbought items from chain retailers, with shortages its becoming difficult for them to find sufficient products.
TWNK and MKC are solid - spices sell well when people try to save money and eat at home more. And Hostess is like cigarettes and booze in a recession Twinkies, Ding Dongs, HoHos, Donettes - will always hold up, (Woody Harrelson's obsession with finding twinkies in the movie Zombieland is a real view of America no matter how bad it gets those things release endorphins)
SpyderCall OP iamiam : Lol. Love that movie. Woody Harrelson is one of my favorites…. I didn’t know that about GO. They are a solid company. Didn’t know they were having troubles. The chart looks like a little dip is in the works very soon. We shall see. Maybe if tech outperforms next week then these value stocks that have been rallying might take a breather. Who knows
solo invest iamiam : Lolll! Coffee cigs and comfort food are inflation proof. Luv those twinkies
SpyderCall OP solo invest : Lolll
Pochong SpyderCall OP : I only like Emma Watson in the movie only. She is so beautiful.
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