MannyLo

MannyLo Updated 

Doucsign has gone completely parabolic since the pandemic started with professionals working more from home. We're looking for the first sign of a top to take a short position on this one. The trend is your friend, so we're waiting for a reversal confirmation as it may still have room to run. First Target: $165-$170 range Disclaimer: I do not provide personal...

MannyLo

Every once in a while hype starts building on CT and forums with "AltSeason! and You Know What Comes After Altseason? BTC Surge!...The Halvening!"....This is when TA is the best indicator. When you ignore all the FUD and Hype and just look at the charts, you get a clear view of where we are and where we're likely heading. if you check out our BTC chart and our...

MannyLo Updated 

As expected, yesterdays FED meeting advised us nothing that we didn't already expect. Rates are unchanged and stimulus still pouring in. That being said, unless we see the 2nd wave of the virus or any other unprecedented events that 2020 keeps hurling at us, I would expect the market to continue to recover. Most stocks are completely oversold on the RSI so a...

MannyLo

Checking back in with Uber this week since our last analysis. Check them out for more in depth TA & FA on those. Quick & easy for this one: We've had a couple of scalp plays in Uber for some nice profits. Uber has currently broekn down through support in the 4hr and the daily 200MA. We're looking now for another an entry around $27 region if we find support. If...

MannyLo

Checking back in with Ford, we do expect some more downside to the stock at the moment. The market as a whole is taking a breather after RSI levels hit overbought regions. Virus cases are increasing, earnings season is approaching (which we are expecting to be awful), investors are taking some profits and some are beginning to move funds into fixed securities....

MannyLo

If you check our last Netflix analysis, you'll note we mentioned Netflix stock was one of our biggest regrets of not getting in early enough. We've been looking for an entry and may have something going here with the possible formation of a Head & Shoulders on the way. I don't like playing the what if game because this could very well not happen but it's just...

MannyLo

We're expecting a slight retrace in the whole market as it takes a breather from the crazy run it has had since the pandemic started. RSI levels went through the roof, the market is trying for a V shaped recovery, but we have what is expected to be the worst earnings season ever a few weeks out. Until then we'll most likely be jumping in and out of positions for...

MannyLo

Checking back in with SPY since our last analysis. Check out our lasts post on this one to see how we have been following. As we have all seen the market is decoupled from the economy. As long as the money is pouring in the numbers keep rising. It will be interesting to see how the market reacts to the 2nd quarter earnings period which are expected to be some of...

MannyLo

Just a quick TA on this one, short, sweet and to the point. SBUX showed a noice bounce from it's current lows. Price is currently above the Red Point of control line, but was stopped cold at the 200MA. If you're looking to make a move on this one, we would wait for a break either above the 200MA, or a dip below the red point of control line. An upward break...

MannyLo

Checking back in with American Airlines. As always, hit the search on our page and look up our previous AAL posts for more info as we tend to continue where we left off on the analysis. Quick Recap: American Airlines 1st Quarter numbers came in and as expected, they weren't good, down -$2.2 Billion. They're looking for ways to cut costs as they are/were...

MannyLo

Bitcoin bulls can almost taste it, but it's important to note that we have been here before. We've hit the top resistance of this trendline back in December 2017, June 2019, and now June 2021. What's different this time? The halvening just came and went (BTC has rallied after every halvening). This time we have gotten our break in the trendline. We would've like...

MannyLo

With Sports scheduled to start making a comeback, we've been looking at this one for a Swing trade. Right now the stock is going parabolic so we're definitely expecting a pullback but we're going to keep riding it until we see some resistance. Currently up 50% on this trade, possibly securing profits at the $48 level. Disclaimer: I do not provide personal...

MannyLo

Really simple analysis on this one. There's A lot of reasons to be long on MSFT: Strong 1rst Quarter results, EPS increased + growth when other companies quarters were some of the worst we have seen (just wait for the 2nd quarter reports). They're coming out with their own version of the AirPods to compete against Apple. MSFT continued to reward shareholders...

MannyLo

Not a single concert in sight, but Live Nation is about to close a deal within a week that should secure them around $1.2 Billion to stay afloat for the time being. The 6.5% senior secured notes will be used for general corporate purposes and will be due in 2027. (Their previous loans are first due in 2023). Since March 12, concert revenues dropped 24.6% in the...

MannyLo

The Hospitality Industry has been one of the hardest hit sectors due to Covd19 and the Cruise Industry has taken an absolute beating. While other companies were hit, they were able to recuperate some of the losses in aid received from the Feds stimulus care package. However, the cruise industry did not receive any bail out funds since they're registered in foreign...

MannyLo

Checking Back in with Delta Airlines. Check out our previous analysis on these as you can see how we've been playing them and get an overall feel of the direction we're going. Our previous posts provide some detail towards our positions. Short and Sweet Fundamentals: 1. Delta just suspended flights to 10 major airports through at least September: Chicago...

MannyLo Updated 

BTC has been running since reaching its current low. We're now at a 160% gain from the recent bottom and we're 3 days away from the halving. We're being extra cautious here on a couple of levels as everyone again appears to be in euphoric mode. Possible scenarios: 1. Bearish One unpopular possible scenario is that the BTC halvnening is priced in. We've known...

MannyLo

Following back in with SPY. Check out our lasts post on this one to see how we have been following. Moves we were watching: 1. A break outside the wedge (Wedge Broke) 2. The 290 price range (Price Range Hit) TA: 1. Volume has been decreasing while price has been increasing: Bearish 2. A rising wedge has just been broken: Bearish 3. SPY failed to break the 200 MA...