QQQ has hit resistance at the yellow trendline around $515-516. There have been 3 consecutive red days so far, and QQQ is trending for another red day today. However, the price has been holding up pretty well with local support building at $510. This morning we received a worse than expected October PPI print, the markets are turning red from the news. I would monitor $510 to see if QQQ manages to hold here.
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DIS is trading 8%+ higher today after reporting strong earnings. I think DIS is trading near a historically low price level, and I view this as a long term investment setup. Last year I posted a DIS entry around $79, the price has climbed up quite a bit over the past year. I still think […]
Read MoreMPW has started to drop, and I think the price is trending down towards the orange zone between $3.90 and $4. I think MPW is a great buy under $4 so I would definitely take advantage of this opportunity. For now I would monitor MPW on the way down. If the orange zone doesn’t hold […]
Read MoreFN has been performing extremely well over time, rallying from $25 to $280 since Jan. 2018. I think FN is likely to continue performing well over time, but the price seems a bit high with FN trading above the channel. For long-term investing I would look for entries around $175. For swing trading I think […]
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DIS is trading 8%+ higher today after reporting strong earnings. I think DIS is trading near a historically low price level, and I view this as a long term investment setup. Last year I posted a DIS entry around $79, the price has climbed up quite a bit over the past year. I still think […]
Read MoreMPW has started to drop, and I think the price is trending down towards the orange zone between $3.90 and $4. I think MPW is a great buy under $4 so I would definitely take advantage of this opportunity. For now I would monitor MPW on the way down. If the orange zone doesn’t hold […]
Read MoreFN has been performing extremely well over time, rallying from $25 to $280 since Jan. 2018. I think FN is likely to continue performing well over time, but the price seems a bit high with FN trading above the channel. For long-term investing I would look for entries around $175. For swing trading I think […]
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