SHORT OIL back down to 28.75 area.
SHORT SPY NOW SHORT BANKS AND CANADIAN OIL COMPANIES
Banks will see a big boost when the FED signals no rate hike. Also the ECB is considering expanding QE and the M1, M2 money supply in the EURO zone is swelling which is good for the BIG BANKS in Europe
Micron is expanding into many new markets for DRAM and the acceleration phase of further adoption of their technology is beginning to show in certain end markets. Automotive, Mobile and Data Center is showing increasing demand for DRAM even as PC market is declining. What this means is that DRAM is transforming to now be used in ALL PRODUCTS and CHIPS that are...
See my previous post on MU to get all the information links I posted.
Micron is one of the most undervalued companies in the entire Nasdaq 100 and SP 500. It trades a 6.87 P/E and has increased Operating Profits and Free Cash Flow QoQ. Currently has $4.86 billion USD in cash and has equity on book of $13.36 billion USD. Micron currently has a $21 buyout offer from Tsinghua Unigroup LTD (INTEL OWNS 20% of TSINGHUA) China’s $23B...
Sell HP for many reasons. Mainly the fact the company has declining Revenues last two Qs and constrained cash flow. Company is in midst of reorganization and it is starting to take a toll on its operating performance. Tablet market slowing down, printer and digital camera market has slowed down significantly. Headwinds for HPQ are great going forward and the stock...
SP 500 could be in for a rough ride next few weeks as events collide to force a tidal wave of selling to finally occur. Expect a market drop as severe as we witnessed OCT 2014. This time I predict we will not bounce back as furiously as we have in the past. That would signal that a longer term larger top is in formation and the rest of 2015 could turn ugly for...
GILD 15 min chart. Check other published idea on GILD for full story and opinion.
Gilead has been in a heavy consolidation pattern around the $100 price level for the last 8 months and is about to breakout to the upside. The biotech sector as a whole is ready to start consolidating and some big M&A is about to happen. There has been lots of talk this weekend reinforcing arguments that GILD is getting ready to spend some of its $14 billion USD...
5 min chart zoom in from previous published idea.
Next resistance is $54.00 and then $54.55. Will be conviction buy if DOW breaks 18000 tomorrow on Good Non-Farm Payrolls report of 230k or more jobs added in JAN 2015. Labor participation rate will be closely watched for tightening of slack in economy and leveraging for future growth. XLF JPM C MS BAC SPY QQQ all BUYS IMO
WFC has performed the strongest when compared to peers JPM, C, MS, GS,BAC since the beginning of 2015 and through most recent quarterly earnings reports. The turbulence in the SPY, QQQ, XLF and other major Indexes have led to massive shorting of Financials as people feared a top had been formed. The market has been very volatile going into the headlines of the...