Audacity618

Audacity618

This is a tutorial on how to use Price multiples. Portfolio managers will use basic valuation heuristics like price to sales or price to earnings to help time their blue-chip stock purchases/sales. So you will often find support/resistance in the historical price-multiple chart. Apple looks very overvalued here from this recent run up to a 1.16T market cap. What...

Audacity618

...because why not. Keeping it simple.

Audacity618 Updated 

Forget the high valuation for a minute and that we are already near most analyst price targets for $ROKU... The CFO sold all 100% of his 95,789 shares yesterday (11/18) for about $ 15 million. Why would portfolio managers want to increase stakes in $ROKU when the executive in charge of maximizing shareholder value sells his own shares... Technical: Original and...

Audacity618 Updated 

I see emerging markets and US small caps lagging with the rest of equity market. I would like to see emerging markets grind higher over the next two weeks to a new 52 week high. This recent dip looks like a technical sell off and we are at a low risk entry point to go higher.

Audacity618 Updated 

Tesla hasn't had price action reach the 30% envelope (using 20 day) since Feb 2014. Really overbought here even for a post-earnings move mainly due to high short position and margin call squeeze. Midpoint of the pitchfan seems like the target for Friday's close. Fade for next week or two. Personally, I think the Q3 earnings was good but not amazing. Low spend on...

Audacity618

Low risk short entry here using a fib extension and pitch-fan. Log scale is appropriate here due to the high % change. Looking to target the ~310 price cluster.

Audacity618

If treasuries continue to sell off I might be interested in going long. Keep on watchlist.

Audacity618

Keeping it simple with a pitchfork idea on this REIT etf IYR . REITs and Utility stocks got sold off as traders rotated out of dividend stocks and into growth stocks. I believe a limit buy under $91 is a conservative entry with a sell limit near the middle of pitchfork . However, I'm leaning towards a credit put spread at $91/$90.5 3-4 weeks out. Keep the TNX on...

Audacity618 Updated 

JPM is breaking out of long term resistance with a good earnings report and just as long term interest rates are starting to rebound. XLF looks strong.

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Financials are on a solid run after trade dispute worries fade and interest rates are coming back up. I think it's a little overdone with this exhaustive looking move today, Thursday. I find this harmonic pattern to be an interesting trade and will start to ease into small put spread positions looking for a reversal point.

Audacity618 Updated 

Utilities and Real Estate sectors (XLU XLRE) both are down big on an up day for the overall market which is a signal that portfolio managers are rotating out of "safe" stocks and into "risk" stocks. Utilities chart looks like it is about to break below the 50 day after hitting all time highs at the 1.618 fib extension. What I like about shorting Utilities is that...

Audacity618

Double confluence with the 1.272 Fib and blow off the top exhaustive candlestick after earnings. Last two earnings, we saw pops as well followed by weekly drops. I would like to see AAPL hit $258 before shorting back down to EMA 20. Purely technical setup not fundamental.

Audacity618 Updated 

AMZN is still in a bearish trend with the longer day MA higher than the shorter MA seen here using Tradingview's default MA Exp Ribbon template. Using a pitchfork for the downtrend here is holding true and the retracement levels from Dec 18 (low) to Jul 19 (high) is showing confluence with historical support levels. I would like to see Amazon sell off to 1600 or...

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Short term hour chart still is bearish . We are retesting ~1487 resistance/support level but see gold fading back down to 1460s.

Audacity618 Updated 

Confluence with upper channel and fib retracement of .76

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Short here. Good trade progress putting pressure on safety havens like gold and treasuries.

Audacity618

I'm hoping the dollar weakens and commodities like oil can bounce off support. This is a short term swing trade idea (2-4 days)

Audacity618 Updated 

The amount of money pouring into utilities is no joke. In a world of slow growth, low interest rates, and trade uncertainty... utilities are a no-brainer with stable earnings and dividends. But like anything that can seem like a no-brainer, over-crowed pilling occurs and price extension of the underlying can cause unrealistic valuation to long term perspectives....