Category Archives for "Market Analysis"

hoping for a miracle

Still Hoping for a Miracle

In the stock market or futures market or any trading/investing environment, if you find yourself hoping for a miracle then you know you are in trouble. Remember,

 

“hope is not a strategy”

 

Where the Money Goes

Rule 6, from the “Tao of Poker” by Larry W. Phillips, It’s important that a player starts seeing “staying too long on marginal hands” as where the money goes. Continue reading

If You think you're beat...get out

If You Think You’re Beat…Get Out

Poker or gambling in general has very interesting correlations to trading. In both you are dealing with uncertainty, the ability to handle your emotions and how well you manage your money.  

And doing all of those things gets back to discipline and your ego. Let’s start off with knowing when to fold ’em as they say in poker or as they say in trading…cutting your losses.  Some good basic rules of poker apply to trading.

Know When to Fold ’em

Continue reading

Under Armour

Under Armour…we’re not there yet

This week was a big down week for Under Armour (UAA) dropping $8.43 (29%) to close at $20.70.  On January 31st, UAA reported disappointing earnings and forward guidance did not help.

By the way UAA is the ticker symbol for the Class A stock and replaced the original common ticker. UA is for the Class C stock.

Back on June 1, 2016 I posted a video in which I analyzed UAA’s stock.  In this video I talked about how I believed that UAA had undergone an extended wave 5 in its push to the top in September 2015, and would now have a significant correction.  Here is the weekly chart from that video. Continue reading

Netflix

Netflix Survived a Mini Bear but…

In the attached video I look at the long-term weekly chart of Netflix (NFLX) and the daily chart from an Elliott Wave perspective. This is an update to a video I did 7 months ago.

Nothing goes up forever and yes even the most popular stocks go thru some severe bear markets.  NFLX lost 83% of its value from July 2011 to August 2012.  Enjoy the video. Continue reading

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