Tag: Stocks

Last month I wrote about the cruise ship industry,

Finally, A Chance To Short The Cruise Ships

I have been eyeing the cruise ships for nine months. If the economy is slowing / tanking, consumer will have less and less discretionary funds.

Royal Caribbean, the world’s second-largest cruise company operates more than 50 ships under the brands Royal Caribbean, Celebrity Cruises, Azamara Club Cruises and CDF Croisieres de France.

So the trade set-up is if price can pull back to the weekly supply at $106, the chart suggests price will head down to the weekly demand at $80.

Well, I got this one wrong and

During a question-and-answer session Oct. 3, Fed Chairman Jerome Powell said the central bank was a long way from adopting a neutral rate of growth.   The Markets didn’t like what Powell said and showed him by tanking.

Then in December, Powell said the Fed’s program to reduce the bond holdings on its balance sheet was on “autopilot.”  Powell later went on and raised short-term rates another one-quarter percent.  The Markets didn’t like what Powell said and showed him by tanking again.

At this point, the Markets had Fed Powell right where it wanted him.  In early January, during a round table with

I last spoke about Caterpillar about one month ago,

Caterpillar On Deck Next

Caterpillar gets 8% of its revenue from China. China is the world’s largest market for construction equipment by unit sales. Ongoing trade tensions between the U.S. and China and the inevitable slowing economic growth in both economies is causing Wall Street to reevaluate their price targets for all companies, including Caterpillar.

Earning pre-announcements is a way to ensure that no one acts on information the rest of the investor community doesn’t have and to fend off litigation due to companies not reveling the bad news ahead of time.

Caterpillar Inc on

Two months ago, I talked about the FANG ETF, First Trust Dow Jones Internet Index Fund (FDN),

Grim Reaper, Meet The FANG Stocks

I have been talking about the death cross lately in multiple posts and Grim Reaper introduced himself to Facebook, Google and Netflix in recent weeks.  The only two stocks that still have a soul left and haven’t seen the death cross on the charts are Amazon and Apple.

Last month was the first time all the FAANG stocks sold off at the same time after announcing quarter earnings. This told me the sentiment in technology stocks changed from being positive