On this U.S. Open Championship weekend I thought it appropriate to discuss golf and how it relates to trading the stock market. I can think of at least 5 ways that golf can help your trading…there are probably many more. Continue reading
In the picture below you see a comparison of the 2011-2012 rally in Apple (AAPL) to the 2016-2017 rally currently underway.
In 2011 the 10 ema crossed above the 21 sma on December 6, 2011. The rally peaked on April 10, 2012 and the moving averages crossed to the downside on April 17, 2012. The length of the rally from initial upside cross to the downside cross was 91 trading days.
In 2016 the 10 ema crossed above the 21 sma on November 25, 2016. So far the rally is still on after 89 trading days. Today is April 5, 2017. Observing the past, to live in the present, with eyes wide open.
Weibo is a Chinese social media stock that trades in the U.S. under the ticker (WB). It reported earnings today that beat the profit and revenue expectations but the stock dropped 16% on 9.3 million shares.
But it wasn’t the only one. SINA (SINA) also reported earnings that beat and it dropped 13.4%. SINA is a an online media company and part owner of Weibo. Momo (MOMO) is an online dating company in China and it got hit for 4.5% today. Continue reading
Walmart (WMT) stock peaked in January 2015 with a high of $90.97. This was the peak of a 5 wave cycle that began 35 years earlier.
The Dow Jones Industrial Average is at all-time highs these days but Walmart, one of the Dow 30 stocks, is trading well off its all-time high at $68.87. It hit a post-peak low of $56.30 in November 2015. Continue reading
Tesla (TSLA) has been acting like a rocket ship lately up about $88 a share (49%) in just the last 2 months. It is rapidly gearing up for production of the Model 3 which will be its lowest priced model available.
In the video below I analyze the weekly and daily charts of TSLA to see where in the Elliott Wave cycle TSLA currently sits. My assessment may or may not surprise you. Continue reading
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