I have been tracking this company since October 2020's covid price low (retracement). The price fell back to $35 covid at the beginning of 2023 and formed the beginning of a large reversal signal by mid-year of 2023. Now, MRVL has given a new signal to go long. Weekly: Weekly MACD closed positive above the water line from November 13, 2023 and stayed...
Fundamentals: Markets are watching the BoJ; whether they will raise rates this quarter. Technicals : CHF has been the strongest currency versus the JPY on a monthly, weekly and daily basis. A new buy signal occurred yesterday. Long until a fresh fall below the cloud...
Fundamentals : This trade is a bet that Japan will make changes to its YCC in 2024 and interest rates. On Tuesday, however, the BoJ kept interest rates at -0.1%, "while also sticking to its yield curve policy that references the 1% upper bound for 10-year Japanese government bonds as its limit." The '"BOJ Governor Kazuo Ueda says more scrutiny needed to ascertain...
The SPX500 broke out of a tight range as it continues its trend upward. So, going with the trend....
Reasons why I am buying Microsoft: Fundamentals : Three quarters of growth in earnings and sales y/y. Three year earnings per share growth is 22%. The outlook and forward guidance for 2024 and 2025 are positive. Technicals : wicked daddy pbs TK cross flip Flop 1st pullback of new trend Morning Star+Engulfing candle 38% Fib large cup w/ handle pattern uV1...
Fundamentals : A strong company with increasing number of funds clamoring for its stock. I also like its sales and earnings, its strength relative to the S&P500, and its forward-looking est. growth in 2024. Return on equity is about 35%. Technicals : Week of Sept 25th hammer candle and Week of October 23 engulfing candle with huge volume produced a bottom....
Comment: The US stock market has bottoms, led by the tech sector. The probability of a continued rally into Q4 is high. The bull market has reset itself for more growth ahead. Technicals: Extreme Bottoming Indicator Deeper PBS Engulfing Bullish Candle @ support a-b-c pullback completion Monthly Average Range tested
Fundamentals : The Google-Gitlab partnership improved the fundamentals of this company. Earnings and sales are growing. It is not what I classify as a super stock yet. Cashflow is still negative, as it is still early. It IPOed two years ago. A growing amount of funds are accumulating this stock. However, sales are not accelerating yet and there are some data...
Technicals Valid Cloud Breakout Deeper pbs + %EMAs entry + 50% fib confluence a-b-c equal legs completion + IHS pattern Going long...
Fundamentals : ANET is lacking in one important parameter in my checklist; that is, sales acceleration. Three year earnings growth rate is strong. A growing number of funds are adding this stock to there portfolios. It is not the best stock that I would like to own fundamentally, but it is a good stock to invest in. So, I will gradually add to it in smaller...
Technicals: Daily Inside Bar breakout from support@15830 Positive MACD Weekly and monthly Uptrend 5EMAs pullback strategy Price is retaking the daily tenkan +1st pb of new daily trend up Stage 3 trend developed
CADCHF has been in a downtrend since the beginning of October 2023. CAD is weak while the CHF has been strong this week. I believe that the trend will continue based upon several conditions that I am looking at.
Fundamentals : The fundamentals mostly match what I am looking for. It is not perfect, though. Technicals : It looks like the price is breaking out. Ichimoku Breakout
It was a good year for State Street. Investors thinking that US rates may have peaked are dropping their overweight positions in USD. www.ft.com Since this is the case, I see a possible 4% to 5% drop in USDJPY. However, I see USDJPY at 153-154 in Q1 2024, as the trend still long strong.
Technicals: Bounce up from average yearly range low. Weekly Breakout Daily pullback to cloud support+38%fib+Daily Engulfing Candle+Horizontal support confluence
The daily chart of USDMXN is back in step with the weekly trend. Weekly Snapshot:
Fundamentals : Daktronics (DAKT) manufactures digi displays, scoreboards, statistics software and controllers. This company caught my attention because estimated eps for 2024 is over 500%. Funds are growing in number, but the quality of the funds are not A+ funds. I am learning more about the company since the financial crisis. It looks like they have recovered...