Ben_1148x2

Ben_1148x2

NASDAQ:COST is a core position for me. It's a fundamentally strong company: • The company has a favorable track record of earnings beats, including yesterday's call. • It has a 15% five-year average return on capital. • There has been a consistent five-year trend of growth in both revenue and earnings. • The earnings have been consistently favorable. • Over...

Ben_1148x2

M2 is getting a lot of attention, but is it really driving markets? M2 is the Federal Reserve's estimate of the total money supply including all cash hand, money deposited in checking accounts, savings accounts, and other short term savings. The rate of change for M2 over the past 3 years has been the steepest incline and decline in the M2 rate of change in...

Ben_1148x2

NYSE:NOC reports on Thursday. It's still 15% off of its ATH. It's been in an uptrend and putting in HL and HH's this year. They beat on revenue and EPS last quarter. There have been a lot of down revisions to estimates, while NOC has a strong history of beating estimates. I'm setting up for a short term trade that assumes a beat. Entry at $472. Targeting...

Ben_1148x2

NYSE:NEE reports this week. We can see some relatively dramatic price movements after earnings releases over the past couple of years. NEE and NEP missed on revenue last quarter, but were within EPS estimates. There is an underlying concern for the fallout from their campaign donation violation and sustained higher rates are not good for their growth model....

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NASDAQ:MSFT reports after close this Tuesday. Everything that I see suggests that price is at an inflection point, and likely due to pullback. I expect that this earnings release will need to be a beat, communicate progress on AI, and provide strong forward guidance for additional upward continuation in the near term. While it's still 19% off of its all time...

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NYSE:LLY reports this Thursday. The drop in early March to test the bottom of the uptrend was a great opportunity. Now it's at all time high, showing bearish divergence, and has a history of price reversals after earnings releases. I'll be looking for updates on their pipeline management, monjaro production and growth, and progress toward Alzheimer treatment....

Ben_1148x2

COINBASE:BTCUSD has had a steady and impressive bounce back from the 4Q22 lows. I drew the majority of these trend lines in January and the price movement to find support and resistance within the upward and downward channels, and reversals at inflection points has played out with better precision than I could have hoped for. We can also see a relatively...

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NYSE:MCD price is pretty far above the 34 and 50 day EMA and between the 1.272 and 1.414 fib extensions (blue boxes). That's where we've recently seen price movement become exhausted and reverse. I'm looking for areas in the green box ( HKEX:272 -284) for entries on a pullback.

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NYSE:JPM Jamie Dimon is known for issuing dramatic market predictions. Should we listen? If you had entered the market on the day of any of these bold statements over the past three years you would be up or even right now.

Ben_1148x2

The recent pullback for NYSE:DE looks tempting, but I'm not adding right now. I will monitor price until we get in between the FOMC and earnings in May. I'm eying anything between 347-360 as a strong opportunity to accumulate. DE is a core holding for me. They have strong dividend growth, low payout ratio, and a strong history of earnings beats. They are a...

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Publishing an update to an unsuccessful projection with NYSE:NEP last month. It was sitting at the 200MA and it's most recent drawdown had triggered a fear signal. These are less common in the utilities sector, which made it look like a decent contrarian opportunity. Throughout the remainder of March we saw a rotation out of safety sectors like utilities and...

Ben_1148x2

Throughout 2022 you would have done VERY well taking profit when the TVC:VIX hit 20 and accumulating when the VIX hit 30. But has this trend concluded? This movement and profit/accumulation opportunity is consistent with the most recent tightening from 2017 to 2018 where fed funds were rising, and the yield for 2 year treasuries in the bond market exceeded fed...

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What is your gameplan as the Litecoin halving event draws nearer? Litecoin has performed well this year, but the upcoming halving event hasn't received significant attention yet. Litecoin is one of the oldest and most well-established cryptocurrencies. Like bitcoin, it uses a proof of work consensus system, is decentralized, and did not have an initial coin...

Ben_1148x2

Since the ATH last April NASDAQ:COST has been beaten up after earnings. It has dropped 5-10% from the close prior to earnings to hit a post earnings low within 3-4 weeks before recovering to resistance at the descending trendline. The green upward trendline aligns to the bottom of the overall trend for the past few years. Consolidation patterns like these...

Ben_1148x2

Here is a look at IIPR on the weekly chart. It's possible that we're at the deepest value that we'll see, but it's possible that we'll see opportunities between $70-75 in a downtrend that could extend from July to September. It's interesting to see how consistently it's experienced turning points on the fib time zone. I rarely plot fib time zones because they...