Not enough is said of the relative underperformance of SPY relative to QQQ since the tech bubble - adding up to 80% over the past 20 years. And, this is based on actual fundamentals, with tech's profits growing much faster than the general market.
While everyone's fixated on the "reopening trade" by investing in companies and industries in secular decline with...
Market cap: £336m
Cash on balance sheet: $102.1m
Net profit in Jan-Mar 2021 quarter: $43.1m
You can quickly see how undervalued this company is, essentially running with a 1.5-2 price-to-earnings ratio so long as PGM prices don't fall significantly.
Price action also extremely bullish. Chart seems to indicate clear route to the 140s.
The Ether bulls are deafening, and that's usually a good time to sell. 0.05 ETH/BTC, 0.5 bitcoin dominance and the top of this channel ETH/BTC has been in for months.
I'm looking for either a large correction in the overall crypto market, in which alts will be taken down more than bitcoin, or a period of outperformance by bitcoin once again.
The VIX dropping below 20 for the first time in over a year would be hugely significant, and most likely cause a breakout in SPY towards 400.
It's currently hugging that level in anticipation of the FOMC meeting tomorrow which could well be the catalyst that pushes up over the edge.
Sylvania has finally broke out of its channel its been in for all of 2020.
Chronically undervalued stock - history of 60%+ rev growth but with a TTM P/E ratio lower than its much larger competitors such as Impala Platinum.
Expect it to rally this week in the same vein as Tharisa (LON:THS), which rallied 80% in a matter of weeks, before ending the year at 200p+.
Lots of people focusing on 20-week MA as if this is identical to previous cycle, but all signs are that the entire cycle has been shortened and BTC is moving faster. As long as this trend holds, I'm going to keep adding.
Brexit deal in the next few days could decide where Cable goes for the next few years. Watching closely for positive break-out, which should eventually take this pair to 1.40+ as GBP remains cheap historically. Will move fast too, as this pair is heavily shorted.
However, may goes lower in short-term, as Brexit deal essentially priced in already, but extremely...
GBP reaching massive inflection point vs. USD, JPY and NZD. USD down-trend line on graph goes back to 2011. Brexit news hiding reality of extremely weak fundamentals - I see it trading down in the coming weeks.
Should continue rising in the medium term. Targeting $32 by next Monday.
Move on Friday also unexpected, could well be about to try and breakout of this channel after very strong earnings, rising option volume and more lockdowns.