My end of week update for you all.
$QQQ Nasdaq looks constructive.
Back above 717 & 2nd close above 21EMA.
I'd like to see a breakout above 735
$SPY Already broke out. Period.
Now bulls need to defend 750.
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Enjoy your weekend guys,
Prof
Heisenberg's PoTM:
$BABA
-Has made a series of higher lows all year so far.
-Is trading above both the 50dma and 200dma.
-China seems to have found some bottom lately.
-Earnings in a couple days. Crapshoot. But if I had to lean, I'm leaning a 10%-12% upside move.
- A Forward P/E of 8's. I know it's China, they all should be single digits, but still. This and Tencent are the best of the best in the communist country.
Give me $90.
$LUMN beautiful intraday bottom bounce, some nice dips were presented during $SPY sell-off earlier.
We're bouncing very nicely off the bottom trendline here, been taking the dips there and selling the pops!
Let's see if we get more continuation over $7.20.
Two days ago the NYT posted an investigation into politicians trading stocks
They found that 81 Democrats & 101 Republicans filed up to 3,700 trades and $100M in possible volume
Many had 100% winners, with some perfectly timed
Here’s examples of just how good they were
2050 got current a week ago and now will focus on the balance sheet so it can "walk out of the hospital". Today 2050 will eliminate hundreds of thousands of $ of "liquidated damages" that have accrued $2K/day since June 2018 getting rid of a mountain of toxic debt. 8K in process.