For those bullishly inclined, here are three stocks that are quite close to important price gaps and have bullish patterns. So long as they do not slip below these green horizontals, they look attractive on the long side.
These Horizontals Must Hold
Slope of Hope Blog Posts
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VTEX Bullish Breakout
BTFD (by Cougar)
As you can see by the image, the MACD did signal a sell recently, but the 20 day is coming up fast and with declining yields you have two things going for da bulls.
Number 1: stocks are going to be priced at higher EPS and 2: that with the new year and new market highs, money will be moving out of money markets and into stocks especially early in the year like now. So, IMO; this is not the correction; this is a dip. So, anything below the 20 day, 4690-ish; and I’m putting a long trade back to 4750.
Forewarning, I don’t trade for a living, but TK asked for content. (and one spark for TK, someone I know he likes, They Might Be Giants, is below:
(more…)Magnificent 7 Ad Nauseum
Emerging Markets in One Stock (by LZ)
I saw this stock mentioned in my social media feed this morning. CK Hutschinson 0001 in Hong Kong.
This is a great stock and a great chart because it sits at the center of multiple macroeconomic trends.
Bull case for emerging markets can be boiled down to a few points.
First, they’re as cheap as they were in the early 2000s if not cheaper. By sector analysis, where you compare tech to non-tech, they’re cheaper. I’m using the Templeton Emerging Markets Fund $EMF as a proxy here.
