AxelrodKapital

AxelrodKapital

Going to be painful if we don't get to ATH. 240/270 seems more likely to me.

AxelrodKapital

Massive head and shoulders. Overbought on just about every measure. We'll see how this plays out but I think we go lower. Not financial advice.

AxelrodKapital

Lately there's been a short covering rally in high yield/junk but I think that ends soon with big tech earnings, FOMC and all of the other economic data releases this week. Macroeconomic picture has not changed. Don't think we break this downward trend line that's been in place all year. I'll also take a long position in TLT to offset exposure. *Not...

AxelrodKapital

Incrementally adding to a short position here up to 176. Don't see this trend line from early June breaking. If it does I think the buck stops at 176. If you think funds are going long small caps in this environment, you shouldn't be in the market. Not financial advice.

AxelrodKapital

I'm a seller at the top of this rising wedge. Took some profits on my last short at the green trend line. Expecting this to eventually break and down to the 270s we go. Not financial advice.

AxelrodKapital

Think we go to $290 or so and then back to ~$277. Not investment advice.

AxelrodKapital

Looks like a nice short set up technically and fundamentally. I'm not sure people are rushing to get overpriced salads with gas $5/gallon amid an economic slowdown. **Not financial advice**

AxelrodKapital Updated 

Massive descending wedge has been in place since Q1 of this year. Let's see if we can breakout. Increasing volume today was a good sign. Q4 market environment should support these types of stocks IMO.

AxelrodKapital

Let's see if we can break above. Seeing volume spike as of late.

AxelrodKapital

Reported solid earnings Q2 (+700%). Beat the street by 50%. Trades at a 14 P/E. Sector outlook is solid IMO - look at DE, AGCO. Similar charts.

AxelrodKapital

Could go either way but I like this breaking out to the upside. Strong support ~$97-$98. Stochastic points to the upside on 4HR. 50 EMA has been acting as resistance and I would like to see a close above. What's everyone's thoughts?

AxelrodKapital

Pretty clear cup & handle on the daily IMO. Volume also supports my theory. I see a breakout over $56. I think it's only good news from here for betting/sports in 2021.

AxelrodKapital

Looks like a cup & handle to me. Break over 16.36. Weak dollar play & should piggy back off strong $ACN earnings IMO.