BRK 5% off it's highs give a nice discount to a solid stock. PE slightly less than the S&P. Coming close to its 200 day MA which it has been able to bounce off of every time in its come close and even broken in the last 2 years.
Technicals and valuation support a bullish rebound. Supports at 35 from the channel it has been trading in since June. PE of 5.2 is a steal in this market where the S&P trades at a PE of 25. Excellent margins support their profitability. There should be enough space in e-commerce for both Ebay and Amazon NASDAQ:AMZN allowing both to continue to grow.
Head and Shoulders fully formed staying in the trend that's been in place since the end of August. BABA should drop to around 172 within the next few days before rebounding NYSE:BABA
Oil should continue its bull run higher after a short correction. Saudi's seem to be finally getting their act together, and with power consolidation, should be able to limit supply enough to continue this rebound in prices this year. Fed's higher interest rates should dampen the response from debt-laden shale producers. These should set up for long-term higher oil.
Looking at a recovery over the next year or so. Oil recovering and breaking out over 55. Higher interest rates will dampen the response from debt-laden shale producers. Saudi's consolidation of power should add more stability to their production. TVC:USOIL
