Squeeze
The combination of an oversold market and good enough Facebook (FB) earnings may result in a squeeze higher Thursday. If we start to see a trend day higher, investors may pile in and shorts who have overstayed their welcome will…
FB: Good Enough
Facebook (FB) just reported mediocre 1Q22 earnings – but with the stock as oversold as it is that’s good enough. Daily Active Users (DAUs) were up 30 million to 1.96 billion from 1.93 billion at the end of 2021. Revenue…
Breaking All The Rules: Long FB & PYPL Into Earnings
I just purchased 2% positions each in hated Facebook (FB) and Paypal (PYPL) heading into their 1Q22 earnings reports this afternoon. This is the kind of trade that loses me Twitter followers because it goes against a number of Wall…
FB Faceplant
Facebook (FB) reported 4Q21 earnings after the close Wednesday. Daily Active Users (DAUs) were flat at 1.93 billion compared to 3Q21. Revenue was +20% year over year but Operating Income actually declined marginally due to an 810 basis point decrease…
From Whatever It Takes To Retiring Transitory – The End of the Post-COVID Bubble
On Monday March 23, 2020 before the market opened – in the midst of the COVID panic – Chairman Powell essentially told financial markets that he would do whatever it took to support financial markets: The Federal Reserve will continue…
QQQ Vs IWM: Which One Is Telling The Truth?
The stock market had a big day Monday recouping most of its losses from Friday. The S&P was +1.32% and the NASDAQ +1.88%. However, a look beneath the hood shows the same problem I’ve been harping on for at least…
Bulls Win Again As Big Tech Shows Resilience, Bear Market Likely Deferred Until 2022, FOMO Plays For A Year End Rally
I got it wrong. Early Friday morning I asked “Is the bull market over?” and answered that – while no certainty was possible on such a question – I believed that in the wake of the negative reception to Apple…
Signs Of Supply, TSLA & FB Technicals, Strong MSFT & GOOG Earnings
On Friday, the market opened strong only to suffer a powerful intraday reversal before recovering somewhat. This created a “doji” on the S&P 500 which is a sign of “indecision” and a potential “trend reversal indicator” according to the technician…
TSLA $1 Trillion, FB Earnings Apparently Good Enough
Monday’s trading day was all about Tesla (TSLA) which rose 12.66% on 3x average volume, adding $130 billion in market cap on news that Hertz is going to buy 100,000 cars for $4.2 billion over the next 14 months. Obviously…
Blowout Big Tech Earnings: AAPL, MSFT, GOOG/GOOGL, FB
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