Stock Market - Fanboy 101

Fanboy 101
Alto Partners with Prosper to Enable Investing in Consumer Loans
Long time bitcoin bull Bill Miller, founder of Miller Value Partners, Sees Bargains Among Bitcoin Miners
Here's how $FB, $TWTR, $SNAP and $PINS did in their most recent quarter.
�� Probably Nothing �� They have the cash to buy something big. What could be a likely acquisition?
Morning Update for Friday, 2/11/22
Rate my portfolio....bonus points if anyone here actually understands what I'm doing before launching into the usual misguided "hurr durr volatility decay" tirade about leveraged ETFs.
Charlotte's Web (CWBHF) Price Target Scorecard Checklist
$BKKT set to explode either this afternoon or Monday morning.
I'm not a new trader, however this YT shorts series would've massively helped me when I was just starting out. If you're a new trader and have lots of questions, check it out.

Fanboy 101

Posted: 11 Feb 2022 07:07 AM PST

submitted by /u/Toolsonx
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Alto Partners with Prosper to Enable Investing in Consumer Loans

Posted: 11 Feb 2022 10:20 AM PST

submitted by /u/jsbachfgvg
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Long time bitcoin bull Bill Miller, founder of Miller Value Partners, Sees Bargains Among Bitcoin Miners

Posted: 11 Feb 2022 09:06 AM PST

submitted by /u/VerniceHeath
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Here's how $FB, $TWTR, $SNAP and $PINS did in their most recent quarter.

Posted: 11 Feb 2022 10:40 AM PST

submitted by /u/msnf
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�� Probably Nothing �� They have the cash to buy something big. What could be a likely acquisition?

Posted: 11 Feb 2022 10:17 AM PST

submitted by /u/datatistic
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Morning Update for Friday, 2/11/22

Posted: 11 Feb 2022 06:13 AM PST

Good morning everyone! Have a nice Friday, and take it easy this weekend :)

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

Main Watchlist:

Gapping UP:

HUBS: Found potential premarket support at 580, could provide shorting opportunities if it breaks down below that level. Potential resistance at 600 if it sees continued strength.
EXPE: Possible premarket support at 206. Will watch for more upwards movement if it holds above that level, could provide shorting opportunities if it breaks down.
Z: Resistance level at 56.
SAVA: Potential support level at ~55. Will watch for continuation from yesterday.
ZEN: Volume picked up quite a bit towards the end of yesterday's trading. Premarket resistance at 118.

Gapping DOWN:

AFRM: Premarket support at ~52. Will watch for upside if it holds over that level, could provide shorting opportunities if it breaks down.
DXCM: Potential support levels at 420 and ~413.
TXN: Potential resistance level at ~170. Potential support at 167.50, will look for shorting opportunities on a breakdown.
TWST: Potential resistance level at ~60. Will look for shorting opportunities if it fails over that level, room for some upside if it can get above and hold that level.
UPWK: Potential resistance levels at 26 and ~26.50. Will look for shorting opportunities if it fails over that level.
CLF: Potential support/resistance level at 20. Seems to have recovered off premarket lows, we'll see what things look like closer to open.

Momentum Watchlist:

CDAK: Potential premarket support level at 5.50. Won't be interested in trading if it breaks down and cannot recover.
ORPH: Premarket high of 2.40. Won't be interested in trading if it breaks down below ~2.20.
CTRM: Potential premarket support at 2.
ITUB: Will watch to see if it can hold over 5. Won't be interested in trading if it breaks down.

Market Outlook:

Stocks are looking at a mixed open after a choppy session yesterday. We got some hawkish statements from the Fed yesterday, but at least now we have some clarity regarding the magnitude of future rate hikes. St. Louis Fed President James Bullard indicated a 50 basis point hike in March--or 100 basis points by July--is not unrealistic. It's also possible that the Fed addresses rising inflation numbers before the scheduled March meeting, which really only happens in exceptional cases. I think this could cause some panic in the markets, as any kind of "emergency meeting" usually has pretty serious connotations. I'm still bearish in the immediate future, and think valuations could continue to correct over the next few weeks.

S&P Futures, Dow Futures, and Nasdaq Futures are all trading relatively flat after the volatile session yesterday. Gold and silver are pulling back a bit, with silver showing more weakness. Crude oil is continuing the strength, holding well above the $90 level. Energy stocks are still hovering near their highs, worth following them closely today as crude oil continues the recent strength. Tech stocks are trading relatively flat in premarket. Will be watching QQQ for puts if we see continued weakness from yesterday afternoon. Airlines and cruise stocks are trading slightly higher in premarket. They've been holding up well over the past few days, but most are still testing previous resistance levels.

The crypto market is also trading relatively flat after the recent strength, creeping slightly higher. Bitcoin is currently trading around 43,800. Key resistance level at 45,500-46,000, with relevant support in the 42,000-40,000 range. Ethereum is trading a bit over 3,100. Crypto-related stocks are trading slightly higher in premarket, albeit somewhat mixed.

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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Rate my portfolio....bonus points if anyone here actually understands what I'm doing before launching into the usual misguided "hurr durr volatility decay" tirade about leveraged ETFs.

Posted: 11 Feb 2022 10:42 AM PST