July 27, 2017

US Dollar $UUP

Everyone seems to be shitting on the US Dollar $UUP lately. Looking at the chart it makes sense, it's been steadily losing value since Jan 2017. Here's the problem, it's approaching massive support. So the question is do you short here or go long?


Back to Work Ladies & Gents

Disclaimer

It's been far too long since I made a post, I apologize to the 3 people that usually read them. Anyway, it's back to business putting my thoughts on digital paper about the market and certain equities that peak my interest. A couple quick important points that I think need to be discussed:

Timing the market/day trading is not for everyone. Actually, 99% of people should avoid trying to time the market. Why? Consider some facts: Almost 60% of stocks decrease in value during a given year. So you have less than a 50/50 chance of making money. In addition, several studies that analyzed over 100,000+ brokerage accounts showed the same thing: 90% of the accounts either lost money or made just a little bit of money.

October 2, 2016

Stock Alert and Chart Analysis: CMG

Disclaimer

  In these stock alert and chart analysis posts, I want to point out a security that has a very interesting chart and/or serious buzz in the social media sphere or mainstream media.

  To help understand these alerts and chart analyses, consider checking out how I perform technical analysis here and how I trade breakouts here.

  Okay, back to the good stuff!

Stock: CMG, Chipotle Mexican Grill, Inc.

September 17, 2016

Stock Alert and Chart Analysis: TSLA

Disclaimer

  In these stock alert and chart analysis posts, I want to point out a security that has a very interesting chart and/or serious buzz in the social media sphere or mainstream media.

  To help understand these alerts and chart analyses, consider checking out how I perform technical analysis here and how I trade breakouts here.

  Okay, back to the good stuff!

Stock: TSLA, Tesla Motors, Inc.

September 13, 2016

The Importance of Dividend Reinvestment Plans (DRIPs)

Disclaimer

  TL;DR: Enrolling in DRIPs could dramatically increase the amount of $$ you have when you retire. Contact your broker to discuss DRIPs and the process to enroll in one. Some brokerages even allow you to enroll in DRIPs on their website.

  Investing is hard enough due to the countless options available and the even more plentiful factors that influence the direction of those securities. In fact, most traders and investors will fail to beat the market.

  So you have an important choice to make that has serious consequences to your retirement funds. Either bet on the market, dollar cost average, and re-evaluate when you near retirement, or try to time the market like you are more skilled than Wall Street fund managers and billionaires.

  Taking your competitors into account if you do try to time the market, chances are you'll join the majority of people who lose disgusting amounts of money and vastly underperform those who simply dollar cost average an index fund. It seems like an obvious choice but lots of investors fall into the trap that forces bad decision making.

September 6, 2016

Stock Alert and Chart Analysis: UUP

Disclaimer

  In these stock alert and chart analysis posts, I want to point out a security that has a very interesting chart and/or serious buzz in the social media sphere or mainstream media.

  To help understand these alerts and chart analyses, consider checking out how I perform technical analysis here and how I trade breakouts here.

  Okay, back to the good stuff!

  First off, why is the US dollar important? Why should I care about the US dollar? Excellent questions and there are a number of reasons for both. Here are the most important reasons to keep an eye on the US dollar in my humble opinion:

1. The US dollar is by far the most used international reserve currency, more than double the Euro.
2. A gigantic portion of foreign debt is denominated in US dollars.
3. A strong dollar typically indicates a strong US economy and increased foreign capital investment in the United States.
4. A strong dollar typically provides downward pressure on inflation and commodity prices.

  Therefore, keeping an eye on the US dollar can reveal a wealth of information on critical aspects of the US economy and markets.

  Okay, let's get to work!

Stock: UUP, PowerShares DB US Dollar Bullish ETF.

Long-term Weekly Chart Technical Analysis:


UUP is in a long-term bull flag that started back in March of 2015. UUP just recently had a failed BO in July and those buyers suffered. At the present moment, UUP is showing some further weakness as it's headed down to support again.

Long-term Gameplan:

Stock Alert and Chart Analysis: EWZ

Disclaimer
Disclosure: I own EWZ in a retirement account.

  In these stock alert and chart analysis posts, I want to point out a security that has a very interesting chart and/or serious buzz in the social media sphere or mainstream media.

  To help understand these alerts and chart analyses, consider checking out how I perform technical analysis here and how I trade breakouts here.

  Okay, back to the good stuff!

Stock: EWZ, iShares MSCI Brazil Capped.

Long-term Weekly Chart Technical Analysis:


EWZ is in a strong bull trend and is starting this week pretty bullish.  However, there is still 3 days of price action left in this weekly candle and EWZ is at resistance right now. EWZ could go so many ways right now so deference is paid to the current trend: bullish. Until that up-trendline starting in January is broken, EWZ is a long, not a short.

Long-term Gameplan:

Stock Alert and Chart Analysis: GLD

Disclaimer

  In these stock alert and chart analysis posts, I want to highlight a security that is on fire for some reason. Either the security's chart looks amazing and/or social media is going nuts about it.

  If you need a technical analysis refresher click here, and if you want to learn how I trade breakouts click here.

  Okay, let's get to work! (click here for the last GLD alert and technical analysis)

Stock: GLD, SPDR Gold Shares.

Long-term Weekly Chart Technical Analysis:


GLD is attempting to breakout above the descending triangle pattern, which is bullish. However, GLD still has 3 more days of price action to close out this week's candle and GLD is at resistance now. That means sellers have better odds than buyers, which is obviously bearish. So while this action may be a bullish pop to resistance, I'm cautiously bullish until I can verify the quality of this breakout by Friday.

Long-term Gameplan: