• Breaking News

    Thursday, December 23, 2021

    Stock Market - Nearly 22 million Americans are millionaires. “These are regular, hardworking, everyday people. Most of them accumulated their wealth over time by making wise decisions. 97% of millionaires surveyed believed they were in control of their own destiny. Far exceeds the 55% of the general population.

    Stock Market - Nearly 22 million Americans are millionaires. “These are regular, hardworking, everyday people. Most of them accumulated their wealth over time by making wise decisions. 97% of millionaires surveyed believed they were in control of their own destiny. Far exceeds the 55% of the general population.


    Nearly 22 million Americans are millionaires. “These are regular, hardworking, everyday people. Most of them accumulated their wealth over time by making wise decisions. 97% of millionaires surveyed believed they were in control of their own destiny. Far exceeds the 55% of the general population.

    Posted: 22 Dec 2021 09:04 PM PST

    Are we heading off a cliff? (current P/E vs Dot Com bubble)

    Posted: 22 Dec 2021 11:15 PM PST

    Merry Christmas

    Posted: 23 Dec 2021 07:04 AM PST

    Regulatory clarity to spur institutional crypto investment in Asia

    Posted: 23 Dec 2021 08:40 AM PST

    “Meme stocks to sell” raise a blunt

    Posted: 23 Dec 2021 05:25 AM PST

    Morning Update for Thursday, 12/23/21

    Posted: 23 Dec 2021 06:21 AM PST

    Good morning everyone, hope you enjoy your Thursday. Market is closed tomorrow, so let's end the week right. Happy Holidays :)

    These posts are for informational purposes only. I am not a financial advisor.

    Main Watchlist:

    Gapping UP:

    • BA: Will be watching 203 as a potential support level this morning. If it's able to hold up, I'll be watching for more upwards movement. If it breaks down, potential support at 202.
    • RCL: Will be watching 80 as potential support level.
    • IHG: Will be watching 64 as potential support. If it can hold up over support, I'll be watching for movement up towards 66 resistance.
    • WYNN: I'll be watching for movement up towards resistance level at 90.
    • LVS: I'll be watching 38 as potential support.

    Gapping DOWN:

    • JD: Will be watching 70 as a resistance level. Will look for shorting opportunities if it can't recover above that level.
    • QDEL: Will be watching 140 as a potential support level.
    • PDD: Will be watching 57 as potential support. Will look for shorting opportunities if it breaks down.
    • MRNA: Will be watching 250 as potential resistance. If it can break through resistance and hold above, I'll be watching for upwards movement.

    Momentum Watchlist:

    • ENSC: Potential premarket support levels at 6 and 5. I'll be watching for more upwards movement if it can hold up over 6. Premarket high right around 6.50.
    • IINN: Potential support levels at 4.20 and 4. Daily chart showing room for upside, but I'll want to see it hold up over support levels.
    • ALLK: Potential support level at 9. Will be watching 10 as a resistance level.
    • TKC: Potential support level at 4. Premarket resistance right around 4.30.

    Market Outlook:

    Stocks are looking to open higher, extending their gains from the past couple days. The Santa Claus rally is real, as we've seen two back-to-back days of solid intraday gains. Omicron concerns seem to be subsiding for now, but it will be interesting to see if things heat up after the holiday season with people traveling. We should be getting some inflation data this morning, which is worth following. I'm optimistic we'll see some more strength today, although we could see some choppiness as we approach resistance levels.

    S&P and Dow Futures are each up ~30 basis points, with Dow Futures up 20 basis points. Gold is up a bit, while silver is trading flat. They'll look to continue their strength after yesterday. Crude oil is trading a bit over $73 per barrel, and things are looking bullish after holding over the $70 level. Chinese stocks are seeing more weakness this morning. I'll be watching price action around key support levels. EV stocks saw a strong day yesterday, and will look to continue that strength today. Energy stocks are looking to continue their strength from the past couple days as well, and are worth watching into 2022. Airlines and cruise stocks are looking to build on their momentum as well. I see a lot of analysts hyping the "reopening" plays, worth following today and next week. Casinos and hotels are also in play. The crypto market is continuing its consolidation phase, and volatility has dropped down a bit. Bitcoin is currently trading around 48,800. It appears to have found support, I'll be watching for some more upwards movement today and this weekend. If we reject resistance levels, we could see some more choppiness. Crypto-related stocks are somewhat mixed in premarket trading.

    Remember to use proper risk management; size appropriately for your account and have a plan for every trade you enter. Happy trading everyone :)

    submitted by /u/vanturetrading
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    S&P 500: December 22 EOD Summary

    Posted: 22 Dec 2021 01:26 PM PST

    How do you get your friends to stop asking you about what stocks to buy?

    Posted: 22 Dec 2021 04:20 AM PST

    I have a few friends and every time I see them is the same:

    "What stocks you got?" This question isn't so bad but the rest are.

    "What stocks should I buy" "I have money put aside for your stock picks!" "Tell me what to invest in" "what stocks and crypto are good right now"

    I don't think I've ever even answered these questions. Usually I say I don't know or don't keep up with that anymore, but they all know I don't have a job and support myself through trading, so they don't believe me.

    Like wtf guys why should I do all the work? I don't give a shit what you invest in. I don't want to waste my time talking about this shit after researching for hours every day unless you have some sort of insight you can share. I don't want to get blamed if you lose money. If you want to come to me and DISCUSS stocks that's fine, but I kind of just feel like a walking billboard and I feel like I'm doing all the research and work for nothing. I'm happy to exchange trading ideas but I don't like handing them out to everyone for free when the only outcome from that will be me being blamed whenever anyone loses money.

    Does anyone else have friends like this? How do you kindly tell them to fuck off and shut up about stocks? I value them as friends but it's getting to the stage where Im just fed up.

    Edit - because people keep giving me the same DUMB advice:

    No I absolutely am not going to just "stop talking about stocks" with my friends. That's not possible. They all know I trade full time from home for a living. I can't meet up with friends without them asking things like "how's work", etc, and stocks do come up. It's not something I bring up but also not something I go out of my way to avoid.

    Secondly, to the people shaming me for not wanting to "help" my friends and telling me that they only need a little help now and they won't need that help forever. Thanks for clearly not reading or comprehending the post. I don't think you realise what you're even expecting here. I'm not talking about friends who want to learn and make an effort to do this themselves. I'm clearly talking about the kind of people who want me to do all the work, want to be babysat through the whole process, want someone else to tell them when to buy or sell, and have no interest in learning anything more. The same kind of people who will call you up in the middle of work the next day asking about a 2% dip and asking my permission to sell their own stock. I don't have the time for that, nor do I have the capacity for that much extra stress, having to worry about all my friends trades as well as my own.

    I'm sorry, but the vast majority of people don't spend their free time "working" for their friends for free and that doesn't make them selfish, it just makes them a normal human being. It's not fair to expect that I should work for them for free no matter how much it might help my friends. I'm also just not willing to help someone who isn't willing to at least put in a minimal amount of effort themselves. And that's not even mentioning that crypto markets are 24/7 and many of these trades need you to be aware of what's going on all the time. Nobody has the fucking time or resources for the stress of all your friends trades on top of your own, you absolute loonies.

    submitted by /u/noithinkyourewrong
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    My Zynga due diligince

    Posted: 23 Dec 2021 07:24 AM PST

    My Zynga due diligince

    Hi everyone, I have done my due diligence and really took the time to analyze ZNGA. I think there can be a lot of upside to this stock. There can be much information that shows how the website traffic can create an increase in revenue. I wrote this shortened post to help better explain all of this. ZNGA has had a lot of ups and downs over the past few years. From firing their CEO to creating many new games this company has been all over the place.

    Analysts are predicting this stock to be bullish. They are saying there is a growth movement. Personally, they were giving very good points that I can agree with. They are predicting a share price between $8.00 and $13.50 with an average of $10.62. It is currently trading at $6.47 which is a great increase. The average price target is a 63% change from its price right now. This is considered a strong buy in analyst's eyes. For example, Barclays and Keybanc two of the biggest bank-based financial service companies in the world, have both announced that they will be maintaining their opinion to overweight. This means they are going to recommend to invest in ZNGA. In addition, BTIG has initiated its rating to buy ZNGA.

    While the stock price declined over the past few months, ZNGA's web traffic kept on going up. Why is that interesting? As we can see from the chart, there is a strong correlation between ZNGA's revenue and its website traffic - more online users means that there are more people playing video games and over the past few months there has been positive momentum of online traffic. Moreover, ZNGA's future growth and performance for the short and long term can be supported by some reasons in the article.

    https://preview.redd.it/5iz0b78a8b781.png?width=2172&format=png&auto=webp&s=176b10f373d8847276c2b18541142aee596dd2a5

    I have written a full blog post if you would like to check it out with the link below :)

    https://www.jika.io/blog/Is%20ZNGA%20at%20a%20Buying%20Point%3F?ref=ZNGAtraffictool

    submitted by /u/Yoadcohen21
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    VCRA 100% held by institution with low FLOAT

    Posted: 23 Dec 2021 10:51 AM PST

    Check out this interesting play original dd is underneath

    VCRA - the Boomer Rip: +100% institution holds & low IV hedges

    📷

    https://www.reddit.com/r/wallstreetbets/comments/rlj3wv/vcra_the_boomer_rip_100_institution_holds_low_iv/

    This is happening real-time (read: now) so I'm going to get right to the point.

    Vocera (VCRA) provides and sells wireless solutions (software and hardware) to hospitals and various industries. They're profitable and doing great. More later.

    What you need to know is that shorts are closing for EOY rebalance. This is a huge problem for them as institutions hold so much of the stock that the trading float is literally virtually 0. The liquidity is so bad that even small shorts closing out are spiking all time highs. Meanwhile, calls are very cheap since nobody knows about this boomer stock. Open interest on the Jan exp is effectively 0 and implied vol is only 50%\*.

    📷

    As shares and calls are purchased, I am betting on a sustained bleed up of closing shorts, low liquidity, and OTF long term holders who aren't selling. My aim is far beyond the 70c strike.

    Summary

    • Non-existent float: The entire float is held by long-term OTF holders who aren't selling (largest 30 firms own 92% of all shares). This is very important.
    • Short rebalance: Short shorts are in the process of closing out by EOY rebalance and are spiking the price to ATH.
    • Historical IV has been low while the daily moves are high. IV is 50%. Calls are cheap for where I believe the price will go. As an example, the 60c at close yesterday was $5.8 (b/e at $65.8), which we're close to hitting already.
    • Continual upgrades: Firms are exacerbating the process by issuing upgrades encouraging new longs to buy.

    About

    Vocera (VCRA) offers the leading platforms for workflow and communication. They create and sell both softwares and hardwares to healthcare professionals and many retail service enterprises. They are killing it.

    Vocera is deployed in nearly 20% of all U.S. hospitals. Their expanded deployments, while aggressive, have only been matched by further company developments. For example, VCRA's pivot to software-led enterprise sales was utilized in a Cleveland Clinic expansion in Q3 as one example in their second largest deal ever signed. They have been winning contract after contract flawlessly.

    VCRA delivered a nearly perfect Q3 with revenue, adjusted EBITDA and adjusted EPS beating consensus estimates. FY21 was raised for the 3rd time this year.

    Recent upgrades include:

    Dec 20: Hallum $71 outperform

    Nov 29: Sandler $68 overweight

    Nov 22: BTIG $70 buy

    So what, great company? Well firms have been loading up nonstop and now we have yet another fully share-utilized company.

    Eight Years of +100% Institutional Holdings = null float

    📷

    Institutional holdings have shown +100% for 8 consecutive years because so many of the firms are OTF holders who won't sell. This is very important. The 30 biggest funds hold and have been holding 31.7m shares (that's 92% of all outstanding shares) for years now. They won't be selling anytime soon. These funds hold for 5, 10, 20 years. I included the share history below. Note that there are no lock-ups expiring. There are no warrants. There is no convertible share trap waiting to explode. It is simply a small float.

    📷

    I'll say it again: the largest buyers aren't selling and leave less than 3m (true number is closer to 0) shares for shorts to purchase to cover their shares. Lower float = lower liquidity = stronger moves.

    Rally into EOY

    "One should note that large short positions likely need to be closed before January, which is likely to see a small-cap, value and cyclical rally… We believe these conditions are not met, and hence this market episode may end up in a short and cyclical rally into year-end and January." - JP Morgan's Kolanovic
    , Dec 17 2021

    As funds rebalance and close out positions before January, the low liquidity environment of VCRA will prompt large losses leading to more shorts covering.

    Shares outstanding: 34.8m (bloomberg)

    Institutional shares: 31.7m-34m (bloomberg)

    Float: 0-3m shares

    Short interest: 3.5m (FINRA)

    Short interest % of float: 100% or greater

    📷

    There are no incremental flows to this stock. The fundamental momentum pushing this stock higher is enough to create substantial gains in price due to shorts rebalancing alone. Factor in a gamma and vanna spike due to introducing options, and what results might have some fireworks.

    The contracts are priced with low volatility

    📷

    Historical vol is pretty low compared with the large daily moves. As an example, the 60c at close yesterday was $5.8 (b/e at $65.8), which we're close to hitting already. The spreads are jumping around - some brokers don't even show the correct numbers.

    Of course IV will increase as calls are purchased, but how the MM will react is unknown whether it is via purchasing shares or hedging volatility via selling other contracts. No contracts are being opened for Feb and beyond today so I'm assuming shares are being hedged.

    Positions

    📷

    + others and shares. This is a slow bleed up. My aim is to hold these through the 31st though moves can be quick and sudden in the near term.

    Cheers

    update 12/22 1:30pm

    New strikes, as predicted. Closer dated are more impactful

    📷

    submitted by /u/zecavrealty
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    Allakos Inc (ALLK) has risen 16.61% Thursday In Premarket Trading

    Posted: 23 Dec 2021 05:55 AM PST

    The Stock 21% of Hedge Funds Sold in Q3

    Posted: 23 Dec 2021 03:31 AM PST

    TSLA shining green today while MRNA looking bright red

    Posted: 22 Dec 2021 01:22 PM PST

    Mohnish Pabrai: Sold BABA and added Prosus (Tencent)

    Posted: 23 Dec 2021 07:03 AM PST

    Market open - Wednesday, December 22nd, 2021

    Posted: 22 Dec 2021 06:45 AM PST

    Market Pulse Special Edition: 10 for 2022. Source: Goldman Sachs Global Investment Research and Goldman Sachs Asset Management as of November 2021. The economic and market forecasts presented herein are for informational purposes as of the date of this presentation.

    Posted: 22 Dec 2021 07:08 PM PST

    Looking for a bit of advice as a small time rookie investor! 30 yr old Canadian

    Posted: 22 Dec 2021 06:39 PM PST

    Hey all. So I've been lurking here for quite a while and been trying to do my research. I'm 30 years old and can really only manage to invest about $100 every couple weeks, as I just bought a house a year ago. What are some good, long term stocks to invest in for retirement? I'm Canadian, so I've been putting my current amount into CN Rail, TD, BTC, and have put a bit into SHIB(Which I'm not putting more into).

    I'm Canadian, if it matters, and have been using Wealthsimple. I can switch to a different app/site if it makes more sense!

    Thank you for all serious answers lol

    submitted by /u/SyntheticL0ve
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    Here is a Market Recap for today Wednesday, December 22, 2021

    Posted: 22 Dec 2021 01:48 PM PST

    PsychoMarket Recap - Wednesday, December 22, 2021

    Stocks traded mostly higher on Wednesday, with all three major indexes extending yesterday's gains, as market participants digested FDA approval of a Pfizer's (PFE) oral coronavirus treatment and new reports about US gross-domestic product (GDP) and consumer confidence.

    Notable Numbers

    • S&P 500 (SPY): +1.00%
    • Nasdaq (QQQ): +1.22%
    • Dow Jones (DIA): +0.71%
    • Russell 2000 (IWM): +0.99%
    • Volatility Index (VIX): -5.77%
    • Tesla (TSLA): +7.49%
    • Alibaba (BABA): -4.07%
    • AMC: -5.35%

    Pfizer's antiviral COVID-19 pill for at-risk people aged 12 and above, making it the first oral treatment which can be taken at home, providing a potentially important tool in the fight against the fast-spreading Omicron variant.

    The pill, called Paxlovid, was nearly 90% effective in preventing hospitalizations and deaths in patients at high risk of severe illness, according to data from the company's clinical trial. Recent lab data suggests the drug retains its effectiveness against Omicron, Pfizer said.

    https://www.reuters.com/business/healthcare-pharmaceuticals/pfizer-oral-covid-19-pill-gets-us-authorization-at-home-use-2021-12-22/

    Omicron has overtaken other coronavirus variants to become the dominant strain in the U.S., and now accounts for about three-quarters of new infections, according to the CDC. To fight this, the Biden administration announced it was buying 500 million at-home rapid coronavirus tests that Amercians will be able to order online for free starting in January.

    https://finance.yahoo.com/finance/news/cdc-omicron-accounted-73-recent-230445514.html

    In the latest estimate from the Bureau of Economic Analysis, third-quarter U.S. gross domestic product (GDP) was revised higher. Analysts now expect GDP to show a 2.3% annualized increase in economic activity in Q3, up from the 2.1% rise previously estimated.

    The Conference Board's highly anticipated Consumer Confidence Index report showed a greater than expected increase in December. The institution's headline index crept higher to 115.8 in December, based on the latest release. This was above the 111.0 expected, according to Bloomberg consensus data.

    Lynn Franco, senior director of economic indicators at The Conference Board, said "Consumer confidence improved further in December, following a very modest gain in November. Expectations about short-term growth prospects improved, setting the stage for continued growth in early 2022. The proportion of consumers planning to purchase homes, automobiles, major appliances, and vacations over the next six months all increased."

    She continued, "Meanwhile, concerns about inflation declined after hitting a 13-year high last month as did concerns about COVID-19, despite reports of continued price increases and the emergence of the Omicron variant," Franco added. Looking ahead to 2022, both confidence and consumer spending will continue to face headwinds from rising prices and an expected winter surge of the pandemic."

    Highlights

    • Existing home sales increased by 1.9% to reach a seasonally adjusted annualized rate of 6.46 million units in November, the National Association of Realtors said Wednesday. Consensus economists were looking for a 2.9% increase, according to Bloomberg data. Existing home sales in October had risen at a 0.8% monthly rate.
    • Shares of Tesla (TSLA) rallied after CEO Elon Musk tweeted that he has 'sold enough' stock.
    • shares fell Wednesday following reports that China's IT regulator suspended partnership with the company for six months for failing to report an open-source security vulnerability to the government.
    • Nio announced that it received the U.N. certification on cybersecurity management, which is a major global mandatory regulation with regards to cybersecurity. It is widely applicable in countries such as the EU, the U.K., Japan and South Korea.
    • The U.S. Securities and Exchange Commission has denied Apple Inc's bid to exclude a shareholder proposal that would require the company to inform investors about its use of non-disclosure agreements and other concealment clauses, according to a document viewed by Reuters.

    "The greatest glory in living lies not in never failing, but in rising everytime we fall." - Nelson Mandela

    submitted by /u/psychotrader00
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    S&P 500: December 21 EOD Summary

    Posted: 21 Dec 2021 01:13 PM PST

    38 steps to becoming a profitable trader

    Posted: 22 Dec 2021 10:06 PM PST

    1. We accumulate information: we buy books, go to seminars, research and study.
      1. We start trading with our "new" knowledge
      2. By constantly paying tribute to the market, we begin to realize that perhaps we need more knowledge.
      3. We collect even more information
      4. Switching to other trading instruments
      5. Return to the market and trade with "updated" knowledge
      6. The market pushes us in full again and we start to lose confidence. Fear creeps into our soul.
      7. We start listening to the news and opinions of other traders
      8. ... Only then, to return to the market, and again pay tribute to him
      9. We switch to another instrument again
      10. Looking for more information
      11. We return to the market and start making money on the sly
      12. With earnings comes overconfidence and the market quickly reminds us who is who.
      13. The notion comes that in order to trade successfully, you will have to spend much more time and effort than expected At this stage, most people quit trading because they understand that TRADING IS A WORK
      14. We get down to business and start to focus on learning the "real" method
      15. Trading using this method is with varying success, and we feel that something is missing.
      16. It dawns on us that we need rules
      17. We take a break from trading until we create our own set of rules.
      18. We resume trading, now according to the rules, again with varying success, because every now and then we break the rules
      19. We add, subtract, change our rules, trying to treat them more responsibly
      20. We feel that the era of successful trading is not far off
      21. We realize that only we are responsible for the results of trading, and that success depends not so much on the methodology, so much on us.
      22. We continue to trade and hone both our methodology and how we follow the rules
      23. However, the results are still inconsistent because the rules are violated.
      24. But we feel that success will overtake us :)
      25. We are reviewing the rules
      26. We gain confidence in the methodology and rules, return to trading
      27. The results are getting much better, but we continue to question our actions from time to time
      28. Comparing trades "by the rules" and "without", it becomes clear that success is in the rules
      29. We understand that success is first of all within us, in our ability to trade in a disciplined manner, and that the cause of mistakes is some kind of fear we experience, and we begin to work on ourselves.
      30. We continue to trade, and the market helps us to understand ourselves more and more.
      31. We perfectly master our methodology and rules of entry / exit
      32. Earning from trading becomes permanent
      33. This makes us overconfident, and the market again shows us who is who.
      34. We continue to study modestly
      35. We stop thinking overly about transactions and let our rules and methods do all the work. Trading becomes boring but invariably profitable. The deposit continues to grow as we increase the size of the traded positions.
      36. Our earnings exceed all possible expectations
      37. We begin to see that there are other worthy pursuits in life, and we direct our energy in a different direction.
    submitted by /u/Artz01
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    If you want to know about future and options watch interesting video

    Posted: 23 Dec 2021 06:40 AM PST

    Elon Musk is NOT done selling shares

    Posted: 23 Dec 2021 05:29 AM PST

    Market open - Tuesday, December 21st, 2021

    Posted: 21 Dec 2021 06:55 AM PST

    Morning Update for Wednesday, 12/22/21

    Posted: 22 Dec 2021 06:21 AM PST

    Good morning everyone, it's hump day.

    These posts are for informational purposes only. I am not a financial advisor.

    Main Watchlist:

    Gapping UP:

    • TSLA
    • CAT
    • KMX
    • GPN
    • CCL

    Gapping DOWN:

    • BABA
    • PDD
    • RBLX
    • NTES
    • ALLK

    Momentum Watchlist:

    • GRTX
    • AVCT
    • FRO

    Market Outlook:

    Stocks are looking at a mixed open this morning after we saw some nice strength in the market yesterday. We have had some nice volatility the past few weeks, and it will likely continue given the uncertainties in the market at the moment. A lot of mixed opinions from analysts; some believe that omicron concerns have been priced in for some time, while others think we should brace for more choppiness through the end of the year and into 2022.

    Remember to use proper risk management; size appropriately for your account and have a plan for every trade you enter. Happy trading everyone :)

    submitted by /u/vanturetrading
    [link] [comments]

    Understanding Trend Line Analysis

    Posted: 22 Dec 2021 09:01 AM PST

    Understanding Trend Line Analysis

    There's a lot I can say about trend lines and using them as Tech Analysis.

    Firstly - to the skeptics, they are actually very useful and do work often.

    Secondly - to the believers, they are easily misused and misunderstood.

    Trend lines do not follow trends, that's the first problem. In the markets, there very rarely even is a trend. Trends happen over long time frames and you usually get stuck in them blindsided by sudden changes.

    The only way to avoid those macro-moves is to identify strength and weakness and trend line analysis does help with that, but more importantly trend line analysis tells you the most likely next price where people will set up shop.

    Think of a properly done set of trend lines as identifying where the most business is occuring. Understanding this allows you to find where decisions are being made and who is winning that argument, bulls or bears. And that's it.

    You're able to identify decision points where decisions (elections) must occur, and then all the votes are tallied and the price has to move dramatically in favor of the winners.

    I show it with more explanation here:

    https://www.reddit.com/r/InvestorEmpire/comments/rm98xx/understanding_trend_lines/

    I'll add a screenshot of some of my work here, red-X represents an indecision channel where price-direction isn't agreed upon. These can often look like down trends when they aren't.

    See my BTCUSD work below as well.

    RKLB

    BTCUSD

    submitted by /u/DarthTrader357
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