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Can Under Armour Return To The Glory Days???

May 7, 2019 Published by

Under Armour (NYSE: UAA) used to be the IT company on Wall Street with years of sales growth great than 20%, but things went left in 2017 when sales started slowing down. The shot themselves in the foot by growing to fast when their apparel started showing up in many retailers, including Kohl’s. What was once an exclusive product became a commodity. The end result was company struggled to manage inventory and saw margins decline when it had to sell surplus product at heavy discounts.

That’s when Under Armour put together turn around strategy which focused on inventory control and

Bitcoin Analysis: Trading Above Major Support & Below Major Resistance

May 6, 2019 Published by

Bitcoin is currently bouncing on top of what was resistance at $5,600, which is now a very relevant support. It’s also huddled just below major resistance at $5,800. A decisive break above or below either would be significant…at least in the short term. Price is trading within an ascending broadening wedge. Statistically, this breaks down about 52-55% of the time. Regardless, bulls have a good shot at testing $6,000. Daily volume remains relatively healthy at around $15 billion.

Price is still trading above the 21 and 8 day EMA. This is a sign of strength…at least in the short term.

Shorts continue

Stay Away From Fluor Corp.

May 6, 2019 Published by

Fluor Corporation, through its subsidiaries, provides engineering, procurement, construction, fabrication and modularization, operation, maintenance and asset integrity, and project management services worldwide and operates in four segments: Energy & Chemicals; Mining, Industrial, Infrastructure & Power; Diversified Services; and Government.

Fluor Corp announced their first quarter earnings this past week and the stock price plummeted almost 25% toward a near 11-year low, while suffering their biggest-ever one-day drop, after the engineering, reported an unexpected loss, revenue that missed expectations, provided a downbeat outlook and after the chief executive had stepped down.

Profit and investor confidence in the engineering and construction company has been

Shake Shack…Shakes On

May 6, 2019 Published by

While Beyond Burger made noise going public this week, Shake Shack made some noise of their own.

Shake Shack announced their quarterly earnings this past week.  Despite operating expenses increasing 1% of revenue year over year, the Markets reactive positively to the numbers.

Shake Shack posted net income of $3.6 million, or 9 cents a share, compared with $3.5 million, or 13 cents a share, in the comparable year-earlier period. Revenue jumped to $132.6 million from $99.1 million, while same-store sales gained 3.6%.    In addition, Shake Shack raised their full-year revenue guidance by $6 million and increased its expected same-store sales growth

Wayfair Continues To Acquire Customers

May 6, 2019 Published by

Wayfair provides a variety of websites that offer an extensive selection of home furnishings and decor across all styles and price points. In addition to Wayfair.com, other websites it runs include Birch Lane and Joss & Main.

Wayfair reported first quarter earnings last week that beat revenue, but not earnings Wall Street expectations. Wayfair reported an earnings loss of $1.62 / share on revenue of $1.94 billion, a rise of 39% from the year-ago quarter.

Wayfair’s stock dropped 7% following the e-commerce-focused home furnishings retailer’s release of its first-quarter financial report. Wayfair reported strong top-line growth of 39%, with direct-to-consumer

Forex $1 MM Challenge…The Fat Tail Theory

May 5, 2019 Published by

After one takes enough trades, the results will follow a normal distribution where the probability of those returns will move between the mean and three standard deviations, either positive or negative, is approximately 99.7%. This means that the probability of returns moving more than three standard deviations beyond the mean is 0.3%.  The fat tail theory states a very small percent of your trades will move beyond three standard deviations.

Source

A simpler version of the fat tail theory is Pareto’s Rule. The Pareto principle (also known as the 80/20 rule, the law of the vital few) as it relates to trading

Cree, Inc. Changes Up Their Strategy

May 5, 2019 Published by

Cree, Inc. provides lighting-class light emitting diode (LED), lighting, and semiconductor products for power and radio-frequency (RF) applications in the United States, China, Europe, South Korea, Japan, Malaysia, Taiwan, and internationally. It operates in three segments: Wolfspeed, LED Products, and Lighting Products.

Cree was the it company years ago because when LED were just coming onto the scene, they were the leaders in the field.  However, Cree couldn’t hold the lead and it became evident when they announced their quarterly earnings this past week.

The company reported fiscal third-quarter net losses of $227.9 million, or 22 cents a share, compared with losses

Warren Doesn’t Know What He Is Talking About

May 5, 2019 Published by

Berkshire Hathaway’s annual meeting is coming up and it’s a big thing. Classrooms and hotel meeting rooms around Omaha fill up with investors to learn more about the trading philosophies of Warren Buffett before the main event.

In a comment made ahead of Berkshire Hathaway’s annual meeting, Warren Buffett had this to say about Bitcoin:

“It’s a gambling device… there’s been a lot of frauds connected with it. There’s been disappearances, so there’s a lot lost on it. Bitcoin hasn’t produced anything,” Buffett told a group of reporters ahead of Berkshire Hathaway’s annual meeting at the CHI Health Center in

Forex Relative Strength Analysis Report For Week Starting 5/4/19

May 5, 2019 Published by

Some of the world’s currencies are accepted for most international transactions. The most popular currencies are accepted for most international transactions are the U.S. dollar, the euro, and the yen. However, the U.S. dollar is the most popular. And in the foreign exchange market 90 of forex trading involves the U.S. dollar.  Thus, when assessing the relative strength of the most popular currencies in the world, it’s always against the U.S. dollar, using the daily time frame chart.

The “major” forex currency pairs are the major countries that are paired with the U.S. dollar (the nicknames of the majors are in

My TIMM Trading Pit Commentary – Wk Of 4/29/19

May 4, 2019 Published by

TIMM (Traders’ & Investors’ Mentor Market) provides the tools analysts need to share their insights in a central location, TIMM becomes a market where traders and investors can shop for the insights they’re looking for.The Trading Pits are, in some ways, the main meeting place for TIMM. Here you will see folks sharing insights and asking questions about markets.

Commentary from this past week includes:

Stopped out on Dow futures trade, got back in, was up 100 ticks, got out of trade after I saw price break down again, escape today at breakeven plus commission.

Went long on Dow futures, breaking several of

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