Thread: bmneveu's Account Talk

Originally Posted by bmneveu

Bullish inverted H&S pattern on AAPL's hourly chart?

Attachment 45897

Although I didn't set a price target for this one, AAPL also popped right to where the first target range typically is for a bullish inverted H&S pattern setup.

Wow, look at the divergence between small and big caps this morning!

Market Open 16 APR 20.jpg

That hasn't been updated from yesterday.

Originally Posted by bmneveu

Wow, look at the divergence between small and big caps this morning!

Market Open 16 APR 20.jpg

Originally Posted by weatherweenie

That hasn't been updated from yesterday.

Now that makes more sense. It is around flat now, closer in line with the other indices.

The rally from the inverted H&S setup on the AMD chart is making a nice cup formation for a bullish cup & handle pattern. If this plays out, we could see AMD pull back over the next few days, and then take off to the upside. Maybe $65-$70 in a month or two. I do not own AMD.

AMD 20 APR 20.jpg

Might put The Big Short on tonight...

Warren Buffett all but guaranteed the market to open lower Monday with these comments:

https://www.cnbc.com/2020/05/02/warr...ronavirus.html

https://www.cnbc.com/2020/05/02/buff...ttractive.html

Originally Posted by bmneveu

Warren Buffett all but guaranteed the market to open lower Monday with these comments:

https://www.cnbc.com/2020/05/02/warr...ronavirus.html

https://www.cnbc.com/2020/05/02/buff...ttractive.html

We already knew about his selling of the airlines (millions of shares) in early April. So, that is likely already baked in.

Warren Buffett

Transferred money to my etrade account today. Gotta wait a few days for it to clear now, but I'll be buying some companies I've liked for a long time along with some that have been hit hardest by the pandemic.

Always buy when there is blood in the streets! Takes guts however. Lots!

Purchases today: AAPL, CCL, DIS, EXPE, HD, JETS, LOGI, MAR, NCLH, RCL.

TSP is still in the G fund, for now.