.. $Wells Fargo & Co(WFC.US$ apppears to have developed an ascending price channel making use of its 50-day SMA for support and the line above as resistance. New coming? Could be. Federal Reserve could potentially increase the limit on assets under managment that had been placed on this bank in response to all of the trouble they were in a few years back under disffreent management. I am long this stock.
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.. $Airbnb(ABNB.US$ selling off on weaker than expected guidance. Would not be surprised to see the shsares look for support at the "half-way back" point of the October through March rally... whhich happens to coincide with the stock's 200-day SMA.
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.. $Uber Technologies(UBER.US$ Stock flirts with losing the lower trendline of a two year old Andrews' Pitchfork model. Twice before, when losing the lower trendline, the stock has found support at its 200-day SMA. Look for support there, perhaps later this week.
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.. $Disney(DIS.US$ loss of both 50-day SMA and 21-day EMA. I am still lng small, but have reduced further.
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... $Palantir(PLTR.US$ now up 7.3% going into the numbers. Stock has retaken its 50-day SMA on a gap. This can be a little dangerous ahead of the release. That said, I am long the stock, as it is a top 15 allocation for me. Match high of $27.50 is the current pivot. At the money options markets are currently implying a move of 3% after the belll.
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.. $Disney(DIS.US$ Stock is up 2.6% aftere a couple of target price increases this morning. DIS will report in the morning...agan I am long the name, it is not however a top 15 allocation on my book. Options are currently pricing a rough $4 move on the release.
Giant cup with handle pattern with a $123 pivot is visible. This superceded smaller C&H pattern that is visible from May through December.
Giant cup with handle pattern with a $123 pivot is visible. This superceded smaller C&H pattern that is visible from May through December.
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- The meeting put the spotlight on Greg Abel as Warren Buffett's eventual successor both in running the firm and in selecting investments. This is a priority now with last November's passing of Charlie Munger.
- Berkshire pared back the firm's long position in Apple (AAPL), easily its largest holding, by 13% to 790M shares (from 905M) during the first quarter.
- Berkshire is out ...
- Berkshire pared back the firm's long position in Apple (AAPL), easily its largest holding, by 13% to 790M shares (from 905M) during the first quarter.
- Berkshire is out ...
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.. $Berkshire Hathaway-B(BRK.B.US$ ..
What to make of this? Ascending triangle produced a brekout that cma to an end with a double top reversal that appears to have failed to produce a breakdown. Now we have a smallish double bottom reversal in effect with $395 support and a $410 pivot. I am long this stock.
What to make of this? Ascending triangle produced a brekout that cma to an end with a double top reversal that appears to have failed to produce a breakdown. Now we have a smallish double bottom reversal in effect with $395 support and a $410 pivot. I am long this stock.
2
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Not only has $Apple(AAPL.US$ retaken its resistance level that had been support. the shares have also retaken their 50-day SMA and 200-day SMA. Should the stock hold the 200-day SMA foing into the weekend, professional momey managers will be pressured to add long-side exposure to this stock. I am long this name.
long-side exposure to this stock. I am long the stock.
long-side exposure to this stock. I am long the stock.
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This morning's release was an undeniably weaker monthly employment report than the BLS had released in quite some time. Equities are loving it as are debt securities. Treasury yields have come down this morning from the Six-Month T-Bill on out to the long end with the 30 Year Bond. Why? Good question. There are two things that could get the Fed to act sooner on reducing short-term rates. One would be a sustainable victory over consumer level inflation. That's not likely to ...
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