bmneveu's Account Talk

[weatherweenie]

Great. Another day to kick myself for not following a buy signal. ;damnit

For anyone wondering, the markets are open today!

 

[bmneveu]

Great. Another day to kick myself for not following a buy signal. ;damnit

I'm out of the market too, missing a lot of these gains. I have a little bit in individual stocks, but sold a lot of those too. Need to follow my own advice and stop fighting the fed.

 

[Whipsaw]

What was that signal, if you don't mind my asking? I obviously missed it as well.

Great. Another day to kick myself for not following a buy signal. ;damnit

 

[weatherweenie]

From a premium service, so not sure I should say.

What was that signal, if you don't mind my asking? I obviously missed it as well.

 

[bmneveu]

Introduction to my YouTube channel, Money Dad:

 

[bmneveu]

I see a cup and handle forming on the S&P 500. Would be about 10% upside from here if we break above the handle. Need the confirmation of breaking above the handle first though, which would be a few closes over the 3550 level.

 

[bmneveu]

I see a cup and handle forming on the S&P 500. Would be about 10% upside from here if we break above the handle. Need the confirmation of breaking above the handle first though, which would be a few closes over the 3550 level.

What I'm watching for this week, including the cup & handle talk:

 

[bmneveu]

Purchases today: AAPL, CCL, DIS, EXPE, HD, JETS, LOGI, MAR, NCLH, RCL.

TSP is still in the G fund, for now.

LOGI has been killing it for me since this purchase on 5/11. Bought at $50.90, was at $80 yesterday and apparently a massive earnings call has it at $95 premarket this morning. Getting close to doubling my money on this guy. Probably a long term hold for me as I really like what they are doing. Good profits on good products, acquiring other companies / product lines, etc.

 

[bmneveu]

IFT today, from all out 100G to all in 50C 50S.

 

[bmneveu]

New time lapse video below. Charts analyzed: S&P 500, Bitcoin, Microsoft, Amazon, Docusign, Nvidia, Disney, Royal Caribbean. Enjoy!

 

[bmneveu]

My preview of this week and review of last week. Big things are stimulus package and Thursday evening earnings reports, which should make for an interesting open on Friday.

 

[bmneveu]

Pretty surprised to see the S&P 500 is around flat while Apple, Amazon, Microsoft and Facebook are all up over 1.5% each. Almost seems impossible.

 

[tsptalk]

Yeah, it looks like it's the rest of the S&P 500 is getting hit, with the equal weighted index down 0.70%

https://finance.yahoo.com/quote/RSP

 

[bmneveu]

Discount shopping today! Made it easy, went with QQQ instead of sifting through individual stocks.

 

[tsptalk]

Brave! Thursday earnings after the bell should be fun for you.

Good luck!

 

[bmneveu]

Reverse Cup & Handle on ATT chart suggests a possible looming crash. Maybe 5G disappoints?

 

[Bullitt]

Major H&S (bearish) pattern forming in the weekly in T. Neckline at 25-26.

I still don't understand this 5G hype.

 

[bmneveu]

Big earnings BLUF:

FB - Revenue up, users up, stock slightly down
AAPL - iPhone sales down, everything else up, stock down 5%
AMZN - Sales up big, staff up big, stock slightly down
GOOG - Total ad revenue flipped positive, YouTube ad rev up big, stock up 7%
TWTR - User growth stalled, big miss, stock down 17%
PINS - Massive user and revenue growth, stock up 27%

 

[bmneveu]

Big earnings BLUF:

FB - Revenue up, users up, stock slightly down
AAPL - iPhone sales down, everything else up, stock down 5%
AMZN - Sales up big, staff up big, stock slightly down
GOOG - Total ad revenue flipped positive, YouTube ad rev up big, stock up 7%
TWTR - User growth stalled, big miss, stock down 17%
PINS - Massive user and revenue growth, stock up 27%

Video form, with some help from the toddlers and dogs:

 

[bmneveu]

Review of last week and expectations for this week: