Mobileye ($MBLY) is a much anticipated Initial Public Offering due to come to market later this week. The company is “is the global leader in the design and development of software and related technologies for camera-based Advanced Driver Assistance Systems (“ADAS”) . The company’s technologykeeps passengers safer on the roads, reduces the risks of traffic … Read More
I will be out for the remainder of the week, the video below takes a look at key levels of support and potential market scenarios for the rest of the week. The uptrends remain intact, it still doesn’t make sense to be short.
It was another great week for the bulls and short sellers seemed to be punished extra this week with some spectacular moves in individual stocks. The video below takes a look at trends, key levels of support and different scenarios for the market. Markets trends only end badly for those who fight trends, chase trends … Read More
I have always found it to be annoying how stale short interest data is. Today we got new numbers for short positions and looking at $TSLA you can see that the new information tells us the change in short interest between March 28 and the position as of April 15. Why this data isn’t available … Read More
If Bill Ackman was long was long shares of $TSLA the headline I wrote seems like something he might say (calls for $JCP to go up 10 fold and $HLF to go to zero..) I am not so bold or willing to “jinx myself” by talking so obnoxiously about a position I am in (I … Read More
WOW, financials up 20% YTD!
Markets are still in longer term uptrends but they are remain vulnerable, particularly with continued weakness in $XLF and the $QQQ finding resistance at a prior level of resistance. The video shows the key levels for these markets as well as $SPY $IWM $SMH and some individual stocks including: $QCOM $TSLA $CIGX $MGM and a … Read More
Equities pulled back a bit this week, but there was real damage to commodities and major movement in currencies. This video takes a look at key levels to be aware of for the week ahead. Covered in the video: $SPY $USO $SLV $XLF $IWM $SMH $QQQ $XLF $S $TSLA and a few others. Have a … Read More
Markets continue to make higher highs and higher lows and new entries should focus on stocks which are in low risk positions. This video reviews key levels for the markets and some individual stock action.