tag:blogger.com,1999:blog-215968462024-03-05T11:15:06.832-06:00Finance Trends LetterA trader's view of the stock market and emerging financial trends. David Shvartsmanhttp://www.blogger.com/profile/17489057364240610202noreply@blogger.comBlogger1450125tag:blogger.com,1999:blog-21596846.post-12579644266344975582019-09-18T17:50:00.000-05:002019-09-18T17:58:05.108-05:00New! Finance Trends now at FinanceTrendsLetter.com<div class="separator" style="clear: both; text-align: center;">
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Stay up to date with our real-time insights and updates on <a href="https://twitter.com/FinanceTrends">Twitter</a>. </span>David Shvartsmanhttp://www.blogger.com/profile/17489057364240610202noreply@blogger.comtag:blogger.com,1999:blog-21596846.post-24701724047474040072019-07-16T09:21:00.001-05:002019-07-17T11:45:02.585-05:00Finance Trends 2019 Mid-Year Markets Review<span style="font-family: "arial" , "helvetica" , sans-serif;"><i>Email subscribers of the <a href="https://eepurl.com/bWc1xn">Finance Trends Newsletter</a>
receive the first look at new articles and market updates, such as the
following piece, sent out to our email list on Sunday (6/14).</i></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><i> </i> </span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">Hello and welcome, everyone!</span>
<span style="font-family: "arial" , "helvetica" , sans-serif;"></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br />
If you received our last email notice over the July 4th holiday, you'll
know that this weekend's newsletter will serve as a mid-year market
update and a follow-up to issue #29, "<a href="https://mailchi.mp/0948f24ec22a/finance-trends-newsletter-29-how-to-reinvest-in-a-rising-market?e=[UNIQID]" style="-ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #0000df; font-weight: normal; mso-line-height-rule: exactly; text-decoration: underline;" target="_blank">How to Reinvest in a Rising Market</a>".</span>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /> </span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">Ladies and gentlemen, without further ado, let's start the show... </span><br />
<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>Finance Trends Newsletter: Our Mid-Year Market Review</b><br />
<br />
When we last spoke, back in February, the U.S. stock market was rallying off its December-January lows.<br />
<br />
As the S&P 500 and Nasdaq reclaimed their 200 day moving averages in
February and March, it became increasingly apparent that a lot of
retail investors (and perhaps some institutional investors) were left
under-invested while watching this recovery move from the sidelines. <br />
<br />
The U.S. stock market has moved steadily higher throughout the first
half of 2019. However, this steady advance has not come without its
share of volatility, "chop", and a backdrop of unwelcome news and
political developments. </span><br />
<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">Now if you know me pretty well in person,
you'll know that I tend to steer well clear of most so-called "news" and
politics (in fact, I had to remind an old buddy of that stance earlier
this morning over a text message re: Trump).<br />
<br />
So I won't take this space up rehashing and analyzing all the stuff you
might have heard regarding trade wars, China, the latest political
scandals in the U.S., and who or what Kylie Jenner may, or may not, have
done yesterday.</span><br />
<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">Instead, let's move straight to the charts and the data to find out what's really going on inside the capital markets. </span><br />
<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><i><u>Chart Review: US and Global Indices and ETFs</u></i><br />
<br />
We'll start with <b>SPY</b>, the SPDRs S&P 500 ETF.<br />
<br />
After 2018's year-end decline, this dominant index ETF has climbed well
off its January lows (a 50+ point move) and closed this week at a new
all-time high just over 300. The S&P 500 index (underlying) now sits
at 3,013.<br />
<br />
<a href="https://gallery.mailchimp.com/eac23a2d45e18cb78ed5844f1/images/9d2d2299-db7c-4972-a51a-a6ffb1c27505.png" style="-ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #0000df; font-weight: normal; mso-line-height-rule: exactly; text-decoration: underline;"><img alt="SPY S&P 500 ETF ETFs chart stock charts" data-file-id="3519709" height="431" src="https://gallery.mailchimp.com/eac23a2d45e18cb78ed5844f1/images/9d2d2299-db7c-4972-a51a-a6ffb1c27505.png" style="border: 0px none; height: 431px; margin: 0px; outline: medium none; text-decoration: none; width: 763px;" title="SPY S&P 500 ETF chart" width="763" /></a><br />
<br />
Not to be outdone, Nasdaq ETF, <b>QQQ</b> has climbed 25% year-to-date (<a href="https://finviz.com/quote.ashx?t=QQQ&ty=c&ta=1&p=d" style="-ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #0000df; font-weight: normal; mso-line-height-rule: exactly; text-decoration: underline;" target="_blank">finviz</a> data).<br />
<br />
Strong showing from the tech-heavy ETF whose major holdings include
Microsoft (MSFT), Apple (AAPL), Cisco (CSCO), Intel (INTC), and Adobe
(ADBE).<br />
<br />
<a href="https://gallery.mailchimp.com/eac23a2d45e18cb78ed5844f1/images/5cc9efd3-7e86-4760-b28a-0e8d8889a8fe.png" style="-ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #0000df; font-weight: normal; mso-line-height-rule: exactly; text-decoration: underline;"><img alt="QQQ Nasdaq 100 ETF chart stock charts" data-file-id="3519725" height="429" src="https://gallery.mailchimp.com/eac23a2d45e18cb78ed5844f1/images/5cc9efd3-7e86-4760-b28a-0e8d8889a8fe.png" style="border: 0px none; height: 429px; margin: 0px; outline: medium none; text-decoration: none; width: 760px;" title="QQQ Nasdaq 100 ETF chart" width="760" /></a> </span><br />
<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">Lagging behind, the Russell 2000 ETF <b>IWM</b>
has turned in a positive first half of the year (up 16% YTD), but has
struggled to keep up with the relentless strength of the S&P and
Nasdaq.<br />
<br />
<a href="https://gallery.mailchimp.com/eac23a2d45e18cb78ed5844f1/images/1e3d02ee-f9a3-4fcf-98e3-767d1eaa6c5e.png" style="-ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #0000df; font-weight: normal; mso-line-height-rule: exactly; text-decoration: underline;"><img alt="IWM Russell 2000 small cap ETF chart stocks ETFs" data-file-id="3519721" height="431" src="https://gallery.mailchimp.com/eac23a2d45e18cb78ed5844f1/images/1e3d02ee-f9a3-4fcf-98e3-767d1eaa6c5e.png" style="border: 0px none; height: 431px; margin: 0px; outline: medium none; text-decoration: none; width: 760px;" title="IWM Russell 2000 small cap ETF chart" width="760" /></a><br />
</span><br />
<table border="0" cellpadding="0" cellspacing="0" class="mcnTextBlock" style="-ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; border-collapse: collapse; min-width: 100%; mso-table-lspace: 0pt; mso-table-rspace: 0pt; width: 100%px;">
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<td class="mcnTextBlockInner" style="-ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; mso-line-height-rule: exactly; padding-top: 9px;" valign="top"><table align="left" border="0" cellpadding="0" cellspacing="0" class="mcnTextContentContainer" style="-ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; border-collapse: collapse; max-width: 100%; min-width: 100%; mso-table-lspace: 0pt; mso-table-rspace: 0pt; width: 100%px;">
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<td class="mcnTextContent" style="-ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #202020; font-family: Arial, 'Helvetica Neue', Helvetica, sans-serif; font-size: 16px; line-height: 150%; mso-line-height-rule: exactly; padding-bottom: 9px; padding-left: 18px; padding-right: 18px; padding-top: 0; text-align: left; word-break: break-word;" valign="top">Moving to the international side, China's A-share ETF <b>ASHR</b> has performed quite well this year.<br />
<br />
<b>ASHR</b> is up over 26% YTD, easily outpacing the China Large Cap ETF, <b>FXI</b>, which is up 8% YTD.<br />
<br />
<a href="https://gallery.mailchimp.com/eac23a2d45e18cb78ed5844f1/images/f5ff5d47-d0ce-4d37-827a-84363d1d684b.png" style="-ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #0000df; font-weight: normal; mso-line-height-rule: exactly; text-decoration: underline;"><img alt="ASHR China A-Shares ETF chart stocks ETFs " data-file-id="3519717" height="414" src="https://gallery.mailchimp.com/eac23a2d45e18cb78ed5844f1/images/f5ff5d47-d0ce-4d37-827a-84363d1d684b.png" style="border: 0px none; height: 414px; margin: 0px; outline: medium none; text-decoration: none; width: 760px;" title="ASHR China A-Shares ETF chart" width="760" /></a><br />
<br />
While the giant iShares Emerging Markets ETF, <b>EEM</b> is up almost 10% YTD, it has been similarly outpaced by the recovering Frontier Markets ETF, <b>FM</b>, up 16% YTD (chart below).<br />
<br />
<a href="https://gallery.mailchimp.com/eac23a2d45e18cb78ed5844f1/images/c2e061f4-ba4f-4138-9d4c-d3f8987d79f2.png" style="-ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #0000df; font-weight: normal; mso-line-height-rule: exactly; text-decoration: underline;"><img alt="FM Frontier Markets ETF chart stocks funds charts invest" data-file-id="3519713" height="436" src="https://gallery.mailchimp.com/eac23a2d45e18cb78ed5844f1/images/c2e061f4-ba4f-4138-9d4c-d3f8987d79f2.png" style="border: 0px none; height: 436px; margin: 0px; outline: medium none; text-decoration: none; width: 760px;" title="FM Frontier Markets ETF chart" width="760" /></a><br />
<br />
Finally, the iShares <b>ACWI</b> ETF, which tracks shares in
the world's developed and emerging markets, is up nearly 17%
year-to-date. This ETF has yet to reach its former highs above $77.50.<br />
<br />
<a href="https://gallery.mailchimp.com/eac23a2d45e18cb78ed5844f1/images/2bba0046-a5e2-432f-85aa-8d9c553273cf.png" style="-ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #0000df; font-weight: normal; mso-line-height-rule: exactly; text-decoration: underline;"><img alt="ACWI ishares MSCI ACWI ETF world global stock index chart" data-file-id="3519705" height="423" src="https://gallery.mailchimp.com/eac23a2d45e18cb78ed5844f1/images/2bba0046-a5e2-432f-85aa-8d9c553273cf.png" style="border: 0px none; height: 423px; margin: 0px; outline: medium none; text-decoration: none; width: 760px;" title="ACWI ishares MSCI ACWI ETF" width="760" /></a>
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<br />
<br />
<i><u>Chart Review: Stocks in Focus</u></i><br />
<br />
Here is a quick review of 10 stocks highlighted in our last newsletter (issue #29).<br />
<br />
You can view the updated charts of these 10 stocks: <b>ACIA, APPF, CHGG, CRON, FTNT, HMI, LSCC, TTD, XLNX</b>, and <b>YETI,</b> below.<br />
<br />
<a href="https://gallery.mailchimp.com/eac23a2d45e18cb78ed5844f1/images/672cce97-deec-41e2-a45b-efd84d95f6bb.png" style="-ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #0000df; font-weight: normal; mso-line-height-rule: exactly; text-decoration: underline;"><img data-file-id="3519737" height="557" src="https://gallery.mailchimp.com/eac23a2d45e18cb78ed5844f1/images/672cce97-deec-41e2-a45b-efd84d95f6bb.png" style="-ms-interpolation-mode: bicubic; border: 0px; height: 557px; margin: 0px; outline: none; text-decoration: none; width: 760px;" width="760" /></a><br />
<br />
<br />
<br />
<br />
<br />
<img data-file-id="3519741" height="205" src="https://gallery.mailchimp.com/eac23a2d45e18cb78ed5844f1/images/487a3e7d-6ed7-4124-b0af-b2aa667eb811.png" style="border: 0px none; height: 390px; margin: 0px; outline: medium none; text-decoration: none; width: 760px;" width="400" /><br />
To scroll through a view of their individual <a href="https://finviz.com/quote.ashx?t=acia%2Cappf%2Cchgg%2Ccron%2Chmi%2Cftnt%2Clscc%2Cttd%2Cxlnx%2Cyeti&ty=c&ta=0&p=w" style="-ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #0000df; font-weight: normal; mso-line-height-rule: exactly; text-decoration: underline;" target="_blank">larger charts on finviz</a> just click this link.<br />
<br />
I personally traded several of these names (as well as major index ETFs like <b>QQQ</b>) in the first half of the year. Some proved profitable, some left me in the dust with losses or evaporated gains.<br />
<br />
While most of these stock charts have gone on to show gains for the year-to-date, it hasn't always been a day at the beach <i>trading</i>
them. I suspect that those who purchased shares early in 2019 and held
through earnings, volatility, and noise (aka "news") were among the
patient few who fared best.<br />
<br />
Many of the stocks in that short list have gone on to gain 40%-70% YTD. A few stocks, like <b>LSCC</b>, have even doubled (100%).<br />
<br />
Still, if your initial entries were rather late, or you were shaken out
(stopped out) of some of these winning stocks and failed to re-enter
them quickly (as was my experience with one eventual big winner, <b>APPF</b>) you failed to see real results on your bottom line.<br />
<br />
Trading and real-world investing can be very tough. It's not all Lambos
and pool-side trading from Italian villas and profit screenshots ("is
that your real brokerage account or a demo account?") like you see
everyday on social media. That is pure marketing and hype.<br />
<br />
Yes, I have enjoyed profitable trades in stocks like <b>YETI</b> and <b>FTNT</b>
(and some others I won't bother to name here) over the last year. But
there have also been some frustrating periods of losses and times where
it was imperative to switch to cash and "play defense".<br />
<br />
I have talked with (and read the updates of) several other experienced
traders, and the general consensus is that this has not really been an
"easy dollar" market. Despite the upward climb in the major averages
this year, it has often been a grind for many market participants.<br />
<br />
Let's not forget how many people were continually doubting the U.S.
market rally as it climbed (and chopped) its way back to new highs.
Disbelief led many to stay under-invested as stocks moved higher in
2019.<br />
<br />
How to improve our results in the back half of 2019 and beyond? That
will be a subject of personal reflection and study... and probably a
subject for future letters. Stay tuned.<br />
<br />
<u><i>The Shape of Markets / Finance to Come</i></u> <br />
<br />
One
final note before I hit "send". There has been a rush of developments
in the cryptocurrency space in recent weeks. We've all heard about the
booms and busts in the prices of Bitcoin (<b>BTC</b>) and "altcoins" like Ether (<b>ETH</b>) and Ripple (<b>XRP</b>).<br />
<br />
But what about the blockchains and distributed ledger innovations
underlying these digital tokens? Is there a real use for these crypto
assets or is it all just "solutions in search of problems" and empty
hype, as some would have it?<br />
<br />
What about Facebook and their recently announced digital currency,
Libra? Will it displace leading cryptocurrencies like Bitcoin or
overturn fiat currency standards across the globe?<br />
<br />
It's a huge subject, and one that will require further research (not to
mention added space for discussion). While it's too much to address in
this week's letter, I will be providing further news and insights into
this giant and important topic in our future issues. Look for more
updates starting in August.
Thanks for reading, and enjoy your Sunday evening!<br />
<br />
I'll be taking some time off and traveling over the next few weeks. Have
a great July and take advantage of the summer weather as much as you
can. It always goes by so quickly (unlike our Northern winters).<br />
<br />
Hey, and if you enjoy these email letters, please fwd them on to your
friends and family members. You can always find our subscribe / join
link and Finance Trends twitter updates right below.<br />
<br />
<i><b>Subscribe</b> to the <a href="http://eepurl.com/bWc1xn">Finance Trends Newsletter</a> - you'll get actionable trading ideas, investing lessons, and valuable market insights sent right to your inbox. You can follow our real-time updates on <a href="https://twitter.com/FinanceTrends">Twitter</a></i></td></tr>
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David Shvartsmanhttp://www.blogger.com/profile/17489057364240610202noreply@blogger.comtag:blogger.com,1999:blog-21596846.post-20977061188713942392019-07-14T22:36:00.000-05:002019-07-14T22:36:20.302-05:00Finance Trends Newsletter #30 Sent to Subscribers<span style="font-family: "arial" , "helvetica" , sans-serif;">Finance Trends Newsletter #30, our mid-year market review, has been sent out to email subscribers!</span><br />
<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">To catch all our email updates and newest market letters, <a href="https://eepurl.com/bWc1xn">sign up here</a>. </span><br />
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<i>Note: Email subscribers of the <a href="https://eepurl.com/bWc1xn">Finance Trends Newsletter</a> receive the first look at new articles and market updates, such as the following piece, sent out to our email list on Sunday (2/24).</i><br />
<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-size: 18px;"><b><span style="font-family: "arial" , "helvetica" , sans-serif;">How to Invest, or Reinvest, in a Rising Market</span></b></span></span><br />
<br />
The S&P 500 (<b>SPX</b>) recently climbed above 2,700 for
the first time since last December. The question on many minds is this:
are we experiencing the start of a new uptrend or are we in the middle
of another "bear market" rally?<br />
<br />
First, let's dispense with the loaded "bear market" vs. "bull market"
terms and simply look at the charts. Here is a daily chart of the SPX,
one of the world's most widely watched stock indexes.</div>
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<td class="mcnTextContent" style="-ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #202020; font-family: Arial, 'Helvetica Neue', Helvetica, sans-serif; font-size: 16px; line-height: 150%; mso-line-height-rule: exactly; padding-bottom: 9px; padding-left: 18px; padding-right: 18px; padding-top: 0; text-align: left; word-break: break-word;" valign="top">Clearly visible on the chart is the sharp
correction (downtrend) in the S&P from October 2018 to January 2019.
The market had a recovery move starting in January 2019, with the index
climbing to higher highs and setting higher lows (uptrend) as it moved
back above 2,700.<br />
<br />
Now that the S&P 500 is back to trading above its 200 day moving
average (a "bullish" sign of strength), overall sentiment is improving
and we are seeing the backdrop for continued gains in individual stocks.<br />
<br />
Over the last few weeks we've seen quite a few positive earnings
reactions for US stocks, with strong upside moves in tech and newer
growth stocks.<br />
<br />
Sure, there have been some recent dismal earnings failures like Kraft Heinz (<b>KHZ</b>) and Stamps.com (<b>STMP</b>),
but these type of underperforming stocks can get punished in just about
any type of market, and usually have over the last 10-15 years.<br />
<br />
Let us focus instead on strong stocks that have recovered their footing and are trading at or near their highs.<br />
<br />
Tech giants such as Intel (<b>INTC</b>), Microsoft (<b>MSFT</b>), and Cisco (<b>CSCO</b>) are resuming their steady upward march and are trading near multi-year highs.<br />
<br />
Big-name, liquid index ETFs like <b>QQQ</b>, <b>SPY</b>, and <b>ACWI</b> are now trading at or above their 200 day MAs, while sector ETFs like <b>XLK</b> (tech) and <b>IGV</b> (software) have made strong recovery moves this year.<br />
<br />
For those who want to replenish their watch lists with some younger,
more dynamic individual names, check out the chart list below.
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Charts and symbols included in this watch list: <b>ACIA, APPF, CHGG, CRON, FOXA, FTNT, GRMN, HMI, LSCC, NVTA, TTD, W, XLNX, YETI</b>.<br />
<br />
Please note: Make these watch list chart ideas your own. Every investor
or trader is ultimately responsible for their own research, risk
management, and investing decisions.<br />
<br />
The ideas shared here are pulled from my personal watch list and I own
several of the stocks and ETFs mentioned above in my personal account.<br />
<br />
If you decide to increase your exposure to stocks, remember to build
your positions gradually and only add to positions as they move in your
favor. Let them show you a profit and provide a bit of a cushion or
"margin of safety".<br />
<br />
If you are sitting in cash on the sidelines, let today's letter and
watch list spur you to take a second look at your stock scans. Avoid
laggard stocks in downtrends and focus on the ETFs or stocks that have
recovered and are resuming their uptrends or entering new uptrends.<br />
<br />
It can be tough to get your toes back in the water after a nasty market
decline. The best way to get started is with small initial positions.<br />
<br />
Scale your capital at risk and your trading size way down if you are
experiencing nervousness or fear. Small positions will help you sleep at
night and help you get over the fear of missing out (FOMO) that plagues
most individual investors (myself included, of course!).<br />
<br />
As your comfort level (and profit) grows, you can build on what is
working and sell off positions which fail to show you a profit. Cut
those losses early and let your winners grow to their true potential!<br />
<br />
This is something I will be working on this year. Always room for improvement!<br />
<br />
Until next time, thanks for reading and subscribing. Have a great week ahead.<br />
<br />
<i>You can follow @FinanceTrends on <a href="https://twitter.com/FinanceTrends" style="-ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #0000df; font-weight: normal; mso-line-height-rule: exactly; text-decoration: underline;" target="_blank"><b>Twitter</b></a> and <a href="https://stocktwits.com/FinanceTrends" style="-ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #0000df; font-weight: normal; mso-line-height-rule: exactly; text-decoration: underline;" target="_blank"><b>StockTwits</b></a>, or share our <b><a href="http://eepurl.com/bWc1xn" style="-ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #0000df; font-weight: normal; mso-line-height-rule: exactly; text-decoration: underline;" target="_blank">email letter signup </a></b>with a friend or family member. </i></span>David Shvartsmanhttp://www.blogger.com/profile/17489057364240610202noreply@blogger.comtag:blogger.com,1999:blog-21596846.post-56940831019894677552019-01-31T13:48:00.000-06:002019-01-31T13:50:26.243-06:00Jesse Livermore Quote: Buying at the Right Time<span style="font-family: "arial" , "helvetica" , sans-serif;">Jesse Livermore on buying stocks or commodities when they are seemingly "cheap" after a decline:</span><br />
<br />
<blockquote class="tr_bq">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span class="rn-13yce4e rn-fnigne rn-ndvcnb rn-gxnn5r rn-deolkf rn-homxoj rn-1471scf rn-14xgk7a rn-7cikom rn-o11vmf rn-ebii48 rn-gul640 rn-ad9z0x rn-1mnahxq rn-61z16t rn-p1pxzi rn-11wrixw rn-bcqeeo rn-wk8lta rn-9aemit rn-1mdbw0j rn-gy4na3 rn-bauka4 rn-irrty rn-qvutc0" dir="auto">"It isn't as important to buy as cheap as possible as it is to buy at the right time." - J. Livermore</span></span></blockquote>
<br />
<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgEKxrL7rEqJkX8LNqHLOHEpHTRbJjNvz7IeZbX1XmjLQM-er7TkR2qv1thDUOjyiZYzPxxz1hodIT33x1mhnJ75kfNJSNgJWzWyMCPHzEd9HFccz1PQA86gBLC_Li8wcq8bPLqlQ/s1600/Jesse+Livermore+profile.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img alt="Jesse Livermore trader speculator stocks stock operator" border="0" data-original-height="503" data-original-width="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgEKxrL7rEqJkX8LNqHLOHEpHTRbJjNvz7IeZbX1XmjLQM-er7TkR2qv1thDUOjyiZYzPxxz1hodIT33x1mhnJ75kfNJSNgJWzWyMCPHzEd9HFccz1PQA86gBLC_Li8wcq8bPLqlQ/s1600/Jesse+Livermore+profile.jpg" title="Jesse Livermore" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><span style="font-family: "arial" , "helvetica" , sans-serif;">Jesse Livermore, speculator and "stock operator"</span></td></tr>
</tbody></table>
<br />
<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span class="rn-13yce4e rn-fnigne rn-ndvcnb rn-gxnn5r rn-deolkf rn-homxoj rn-1471scf rn-14xgk7a rn-7cikom rn-o11vmf rn-ebii48 rn-gul640 rn-ad9z0x rn-1mnahxq rn-61z16t rn-p1pxzi rn-11wrixw rn-bcqeeo rn-wk8lta rn-9aemit rn-1mdbw0j rn-gy4na3 rn-bauka4 rn-irrty rn-qvutc0" dir="auto">For more on the great (and ultimately doomed) speculator of the early 20th century, see "<a href="https://financetrends.blogspot.com/2008/04/livermore-how-to-trade-in-stocks.html">Jesse Livermore: How to Trade in Stocks (1940 ebook)</a>". </span></span><br />
<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span class="rn-13yce4e rn-fnigne rn-ndvcnb rn-gxnn5r rn-deolkf rn-homxoj rn-1471scf rn-14xgk7a rn-7cikom rn-o11vmf rn-ebii48 rn-gul640 rn-ad9z0x rn-1mnahxq rn-61z16t rn-p1pxzi rn-11wrixw rn-bcqeeo rn-wk8lta rn-9aemit rn-1mdbw0j rn-gy4na3 rn-bauka4 rn-irrty rn-qvutc0" dir="auto"><i><b>Subscribe</b> to<span style="font-family: "arial" , "helvetica" , sans-serif;"> <span style="font-family: "arial" , "helvetica" , sans-serif;">the</span> <a href="http://eepurl.com/bWc1xn" style="-ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #0000df; font-weight: normal; mso-line-height-rule: exactly; text-decoration: underline;" target="_blank"><span style="font-family: "arial" , "helvetica" , sans-serif;">Finance Trends N</span>e<span style="font-family: "arial" , "helvetica" , sans-serif;">wsletter</span></a></span><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"> - you'll get actionable trading ideas, investing lessons, and valuable market insights sent to your inbox.</span> </span></i><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "trebuchet ms";"><span style="font-family: "arial" , "helvetica" , sans-serif;"><i><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"></span></span></span></i><i><b>You can follow</b> our real-time updates on <a href="https://twitter.com/FinanceTrends" style="-ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #0000df; font-weight: normal; mso-line-height-rule: exactly; text-decoration: underline;" target="_blank">Twitter</a>.</i></span></span></span> </span></span>David Shvartsmanhttp://www.blogger.com/profile/17489057364240610202noreply@blogger.comtag:blogger.com,1999:blog-21596846.post-20301796674543436552018-10-31T05:30:00.000-05:002018-10-31T05:30:04.336-05:00Moneyball: How the Red Sox Win Championships<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><i>Welcome, readers<span style="font-family: "arial" , "helvetica" , sans-serif;">. </span>T<span style="font-family: "arial" , "helvetica" , sans-serif;">o get <span style="font-family: "arial" , "helvetica" , sans-serif;">the</span> first look at <span style="font-family: "arial" , "helvetica" , sans-serif;">brand</span> new posts (like the following piece) and <span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;">to receive our </span>exclusive email list updates, please subscribe to<span style="font-family: "arial" , "helvetica" , sans-serif;"> the <a href="http://eepurl.com/c82M2b">Finance Trends Newsletter</a>.</span></span></span></i></span></span></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><i><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"> </span></span></span></i></span></span> </span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">The Boston Red Sox won their fourth World Series <span style="font-family: "arial" , "helvetica" , sans-serif;">title</span> <span style="font-family: "arial" , "helvetica" , sans-serif;">of t<span style="font-family: "arial" , "helvetica" , sans-serif;">he 21st century this we<span style="font-family: "arial" , "helvetica" , sans-serif;">ek.<br />
<br />
Having won their first <span style="font-family: "arial" , "helvetica" , sans-serif;">Se<span style="font-family: "arial" , "helvetica" , sans-serif;">ries</span> in 86 years back in 200<span style="font-family: "arial" , "helvetica" , sans-serif;">4, the last decade-plus<span style="font-family: "arial" , "helvetica" , sans-serif;"> has marked a very strong return to form for one of baseball's oldest big league clubs. So how did they do it?<br />
<br />
Quick background: in late 2002, team own<span style="font-family: "arial" , "helvetica" , sans-serif;">er and hedge fund manager,</span></span></span></span></span></span></span></span><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"> <a href="https://en.wikipedia.org/wiki/John_W._Henry" style="-ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #0000df; font-weight: normal; mso-line-height-rule: exactly; text-decoration: underline;" target="_blank">John W. Henry</a></span> <span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;">(with his partners<span style="font-family: "arial" , "helvetica" , sans-serif;">)</span></span></span> <span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;">bought the Boston Red Sox <span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;">and its historic Fenway Park</span> for a reported sum of $<span style="font-family: "arial" , "helvetica" , sans-serif;">695</span> million.<br />
<br />
Henry <span style="font-family: "arial" , "helvetica" , sans-serif;">and</span> Co. quickly set <span style="font-family: "arial" , "helvetica" , sans-serif;">out to find their ideal General Manager (GM) to help turn around their newly acquired, ailing ship.</span></span></span></span></span></span></span></span></span></span></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><br />
This brings us to one of my fav<span style="font-family: "arial" , "helvetica" , sans-serif;">orite scenes from the 2011 film<span style="font-family: "arial" , "helvetica" , sans-serif;">, <i>Moneyball</i></span></span>, in which John W. Henry (played by Ar<span style="font-family: "arial" , "helvetica" , sans-serif;">liss Howard) <span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;">attempts to woo</span> Oakland A's GM Billy Beane (Brad Pitt) over <span style="font-family: "arial" , "helvetica" , sans-serif;">to Boston </span>with an excellent <a href="https://vimeo.com/298063615" style="-ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #0000df; font-weight: normal; mso-line-height-rule: exactly; text-decoration: underline;" target="_blank">job offer</a>. </span></span></span></span></span></span></span></span></span></span></span></span></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"> </span>
</span></span></span></span></span></span></span></span></span></span></span></span><br />
<iframe allowfullscreen="" frameborder="0" height="365" mozallowfullscreen="" src="https://player.vimeo.com/video/298063615" webkitallowfullscreen="" width="650"></iframe>
<span style="font-family: "arial" , "helvetica" , sans-serif;"> </span><br />
<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">What I love about this scene is that it packs so much value and insight
(that goes far beyond the sport of baseball) into a short, two minute
dialogue.
</span><br />
<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">As Henry tells Beane (Pitt) in this scene, <i>"For $41 million, you
built a playoff team... You won as many games as the Yankees won, but
they spent $1.4 million per win and you paid $260,000."<br />
<br />
"I know you're taking it in the teeth now, but the first guy through the wall always gets bloodied. Always."<br />
<br />
"This is threatening not just their way of doing business, but
threatening the game. But really it's threatening their livelihood,
their jobs... Every time that happens, whether it's a government or a
way of doing business, the people who are holding the reigns go batshit
crazy."<br />
<br />
"Anybody who is not tearing their team down right now and rebuilding it
using your model is a dinosaur. They'll be sitting on their ass in
October, watching the Boston Red Sox win the World Series." </i></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>
<span style="font-family: "arial" , "helvetica" , sans-serif;">John Henry's shrewd eye for value and statistical analysis, which played
a major role in his trading career, was a decisive factor in turning
the Boston Red Sox into one of baseball's most successful franchises.</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>
<span style="font-family: "arial" , "helvetica" , sans-serif;">As it happens, Billy Beane didn't end up taking the job with Red Sox, who
instead hired Bill James acolyte, Theo Epstein as their GM. Soon after,
Boston was able to break "The Curse of the Bambino" by winning their
first World Series since 1918.</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>
<span style="font-family: "arial" , "helvetica" , sans-serif;">After winning two World Series championships with Boston, Epstein went
on to help turn around my home team, joining the beleaguered Chicago
Cubs in 2011. The Cubs won their first World Series in over 100 years in
2016.</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>
<span style="font-family: "arial" , "helvetica" , sans-serif;">The championships are wonderful, but for me the real point of this story
is that these teams made a break with tradition, while disregarding
their critics, in order to create a winning system and a whole new style
of play.</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>
<span style="font-family: "arial" , "helvetica" , sans-serif;">As Billy Beane told ESPN, <i>"It’s all about evaluating skills and putting a price tag on them."<br />
<br />
"...Thirty years ago, stockbrokers used to buy stock strictly by feel.
Anyone in the game with a 401(k) has a choice. They can choose a fund
manager who manages their retirement by gut instinct, or one who chooses
by research and analysis. I know which I’d choose."</i></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>
<span style="font-family: "arial" , "helvetica" , sans-serif;">By viewing the field differently, and creating their own unique approach
to the game of baseball (heavily influenced by Bill James' statistical
insights), all of these teams - the A's, the Red Sox, the Cubs - were
able to shake off years of underperformance and low expectations. They
became winners, champions.</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>
<span style="font-family: "arial" , "helvetica" , sans-serif;">While it's true that, as John Henry's film counterpart pointed out, the
pioneers often get bloodied, it's also true that the early adopters who
follow closely on their heels often reap the richest rewards. </span><br />
<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>Related posts and newsletters</b>:<br />
<br />
1. <a href="https://financetrends.blogspot.com/2018/10/on-being-wrong-and-profiting-anyway.html" style="-ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #0000df; font-weight: normal; mso-line-height-rule: exactly; text-decoration: underline;" target="_blank">On Being Wrong... and Profiting Anway</a><br />
<br />
2. <a href="https://financetrends.blogspot.com/2016/08/maximize-your-gains-not-wins-william.html" style="-ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #0000df; font-weight: normal; mso-line-height-rule: exactly; text-decoration: underline;" target="_blank">Maximize Your Trading Gains, Not Wins: William Eckhardt Interview</a><br />
<br />
3. <a href="https://financetrends.blogspot.com/2018/06/interview-with-relentless-author-tim.html" style="-ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #0000df; font-weight: normal; mso-line-height-rule: exactly; text-decoration: underline;" target="_blank">Relentless (Interview): Michael Jordan's Trainer on Champion Performance and Mindset</a>. </span><br />
<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: arial,helvetica,sans-serif;"><span style="font-family: arial,helvetica,sans-serif;"><span style="font-family: arial,helvetica,sans-serif;"><span style="font-family: arial,helvetica,sans-serif;"><span style="font-family: arial,helvetica,sans-serif;"><span style="font-family: arial,helvetica,sans-serif;"><span style="font-family: arial,helvetica,sans-serif;"><span style="font-family: arial,helvetica,sans-serif;"><em><strong>Subscribe</strong> to<span style="font-family: arial,helvetica,sans-serif;"> <span style="font-family: arial,helvetica,sans-serif;">the</span> <a href="http://eepurl.com/bWc1xn" style="-ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #0000df; font-weight: normal; mso-line-height-rule: exactly; text-decoration: underline;" target="_blank"><span style="font-family: arial,helvetica,sans-serif;">Finance Trends N</span>e<span style="font-family: arial,helvetica,sans-serif;">wsletter</span></a></span><span style="font-family: arial,helvetica,sans-serif;"><span style="font-family: arial,helvetica,sans-serif;"> - you'll get actionable trading ideas, investing lessons, and valuable market insights sent to your inbox.</span> </span></em></span><span style="font-family: arial,helvetica,sans-serif;"><span style="font-family: trebuchet ms;"><span style="font-family: arial,helvetica,sans-serif;"><em><span style="font-family: arial,helvetica,sans-serif;"><span style="font-family: arial,helvetica,sans-serif;"><span style="font-family: arial,helvetica,sans-serif;"></span></span></span></em><em><strong>You can follow</strong> our real-time updates on <a href="https://twitter.com/FinanceTrends" style="-ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #0000df; font-weight: normal; mso-line-height-rule: exactly; text-decoration: underline;" target="_blank">Twitter</a>.</em></span></span></span></span></span></span></span></span></span></span> </span>David Shvartsmanhttp://www.blogger.com/profile/17489057364240610202noreply@blogger.comtag:blogger.com,1999:blog-21596846.post-64986342133751034462018-10-15T13:10:00.002-05:002020-02-13T18:38:11.607-06:00On Being Wrong... and Profiting Anyway (Quotes and Wisdom) <div style="-ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #202020; font-family: Arial, 'Helvetica Neue', Helvetica, sans-serif; font-size: 16px; line-height: 150%; margin: 10px 0; mso-line-height-rule: exactly; padding: 0; text-align: left;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-size: 18px;"><b><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;">Lessons</span> on Being Wrong... and Profiting Anyway</span></span></b></span></span><br />
<br />
While revisiting the 1996 documentary <i>Triumph of the Nerds</i> this week, I came upon this fantastic segment on Apple co-founder, Steve Jobs.<br />
<br />
Finding it eminently quotable (and useful), I just had to share his thoughts from this special clip here.<br />
<br />
"I don't really care about being right. I just care about success." - <b>Steve Jobs</b></div>
<div style="-ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #202020; font-family: Arial, 'Helvetica Neue', Helvetica, sans-serif; font-size: 16px; line-height: 150%; margin: 10px 0; mso-line-height-rule: exactly; padding: 0; text-align: left;">
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<iframe width="600" height="345" src="https://www.youtube.com/embed/8DhTI6amjpg" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>
<br />
<br />
While Jobs was an entrepreneur in the emerging computer industry, and not an
outright share investor or speculator, his quote about the relative
unimportance of being right hit me right in the trader's gut.<br />
<br />
Here is a game changing company founder saying, "you know what... I
don't need to have the best forecasts or even the most original insights
and innovations (hence the looting of Xerox's PARC). I don't need to
always be right. I just want to ship the best products and win. That is
what will ultimately make Apple the most successful company in our
industry." </div>
<div style="-ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #202020; font-family: Arial, 'Helvetica Neue', Helvetica, sans-serif; font-size: 16px; line-height: 150%; margin: 10px 0; mso-line-height-rule: exactly; padding: 0; text-align: left;">
Now anyone who has studied modern business
and the art of the "pivot" will understand that success may not come
through your original idea or business plan. It may be the second or
third business model you pivot to that leads you to find your true
purpose and success.<br />
<br />
Traders and investors in the capital markets must soon realize that the
need to be "right" while proving the markets wrong can lead you (and
your investors) to disaster. I'm sure we can all think of some high
profile cases, or our own experiences in the market, where such a
scenario has unfolded.<br />
<br />
So with that in mind, let's soak in some wisdom and see if we can change
our attitudes and long held beliefs about being wrong. After all, no
one is right all the time. Can we be wrong and find a way to learn and
correct the situation?<br />
<br />
<b>On Being Wrong and Learning or Profiting Anyway</b>:<br />
<br />
"It is better to be roughly right than precisely wrong." - <b>John Maynard Keynes</b><br />
<br />
“There are two kinds of forecasters: those who don’t know, and those who don’t know they don’t know.” - <b>John Kenneth Galbraith</b><br />
<br />
"It's not about whether you're wrong or right in this business, it's
about how much you make when you're right and how much you lose when
you're wrong." - <b>Stan Druckenmiller</b>, citing lessons from George Soros<br />
<br />
"Really good traders are capable of changing their minds in an instant.
They can be dogmatic in their opinion and then immediately change it." -
<b>Steve Clark</b>, via Hedge Fund Market Wizards.<br />
<br />
"The only thing to do when a person is wrong is to be right by ceasing
to be wrong. Cut your losses quickly, without hesitation." - <b>Jesse Livermore</b><br />
<br />
"I became a winning trader when I was able to separate my ego needs from
making money. When I was able to accept being wrong. Before, admitting I
was wrong was more upsetting than losing money." - <b><a href="https://financetrends.blogspot.com/2013/12/marty-schwartz-market-wizards-interview.html" style="-ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #0000df; font-weight: normal; mso-line-height-rule: exactly; text-decoration: underline;" target="_blank">Marty Schwartz</a></b><br />
<br />
"My stop loss method had two effects. It got me out of the wrong stock and into the right one." - <b>Nicolas Darvas </b><br />
<br />
"Every day I assume every position I have is wrong. I know where my stop
risk points are going to be. I do that so I can define my maximum
drawdown." - <b><a href="https://financetrends.blogspot.com/2016/09/paul-tudor-jones-on-trading-ego-and.html" style="-ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #0000df; font-weight: normal; mso-line-height-rule: exactly; text-decoration: underline;" target="_blank">Paul Tudor Jones</a></b><br />
<br />
"I think there's a certain amount of humility with top traders. You have to make enough mistakes and learn to overcome them." - <b>William O'Neil</b><br />
<br />
"It is very important to know the edge of your own competency. You're a disaster if you don't know it." - <b>Charlie Munger</b><br />
<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">"The type of thinking that is necessary to succeed in the markets is <i>entirely different</i>
from the type of thinking required to succeed in school... Mistakes are
a good thing. They provide an opportunity for learning." - <b><a href="https://financetrends.blogspot.com/2012/11/lessons-from-hedge-fund-market-wizards_29.html" style="-ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #0000df; font-weight: normal; mso-line-height-rule: exactly; text-decoration: underline;" target="_blank">Ray Dalio, via Hedge Fund Market Wizards</a></b></span><br />
<br />
"A prudent speculator never argues with the tape. Markets are never wrong, opinions often are." - <b>Jesse Livermore</b><br />
<br />
"Speculation requires and teaches you to accept reality as it is, rather than reality as you would like to have it." - <b>Rakesh Jhunjhunwala</b><br />
<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;">"The
best thing you can do as a trader or investor is learn to recognize and
cut your losses. Due to our schooling system, we equate being wrong
with losing points and esteem... </span></span></span></span></span></span></span></span></span></span> <span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;">In the markets, losing or making money is not about being right or wrong. We need to manage risk and stick with our process.</span></span></span></span></span></span></span></span></span></span><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;">" - <b><a href="https://financetrends.blogspot.com/2015/03/what-i-learned-losing-million-dollars.html" style="-ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #0000df; font-weight: normal; mso-line-height-rule: exactly; text-decoration: underline;" target="_blank">Brendan Moynihan, What I Learned Losing a Million Dollars</a></b></span></span></span></span></span></span></span></span></span></span><br />
<br />
"Being wrong isn't a bad thing like they teach you in school. It is an opportunity to learn something." - <b>Richard Feynman</b><br />
<br />
"You can't use analysis to overcome fear of being wrong. More analysis will not produce better trading results." - <b><a href="http://www.tischendorf.com/2010/12/12/mark-douglas-video-interview-trading-psychology-quotes/" style="-ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #0000df; font-weight: normal; mso-line-height-rule: exactly; text-decoration: underline;" target="_blank">Mark Douglas</a></b><br />
<br />
"No problem can be solved from the same level of consciousness that created it." - <b>Albert Einstein</b><br />
<br />
"The best training ever for rigor and critical reasoning is trading.
You can only survive long term by going against the wrong consensus by
"experts"." - <b>Nassim Taleb</b><br />
<br />
"If you act in sync with the market, trading can make you rich. If you argue with the market it will surely make you poor." - <b>Mark Minervini</b><br />
<br />
"If you want to improve, be content to be thought foolish and stupid with regard to external things." - <b>Epictetus</b><br />
<br />
Can you think of an instance where you realized you were wrong, or
changed your mind and then benefited or learned from the situation? Tell
us about it!<br />
<br />
Keep these quotes handy and share them with your friends and family.<br />
<br />
Maybe you will help someone change their outlook (or your own) and profit by doing so!<br />
<b> </b><br />
<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><i>Subscribe to<span style="font-family: "arial" , "helvetica" , sans-serif;"> <span style="font-family: "arial" , "helvetica" , sans-serif;">the</span> <a href="http://eepurl.com/bWc1xn" style="color: #0000df; text-decoration: underline;" target="_blank"><span style="font-family: "arial" , "helvetica" , sans-serif;">Finance Trends N</span>e<span style="font-family: "arial" , "helvetica" , sans-serif;">wsletter</span></a></span><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"> - you'll get actionable trading ideas, investing lessons, and valuable market insights sent to your inbox.</span> </span></i></span><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "trebuchet ms";"><span style="font-family: "arial" , "helvetica" , sans-serif;"><i><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"></span></span></span></i><i>You can follow our real-time updates on <a href="https://twitter.com/FinanceTrends" style="color: #0000df; text-decoration: underline;" target="_blank">Twitter</a>.</i></span></span></span></span></span></span></span></span></span></span><b> </b><br />
<b></b>
<br />
<b> </b></div>
David Shvartsmanhttp://www.blogger.com/profile/17489057364240610202noreply@blogger.comtag:blogger.com,1999:blog-21596846.post-18928280139000221072018-10-13T15:53:00.001-05:002018-10-13T15:55:18.715-05:00Finance Trends Newsletter - Get the Latest Issues!<span style="font-family: "arial" , "helvetica" , sans-serif;">Subscribe to the <a href="http://eepurl.com/bVuu4P">Finance Trends Newsletter</a>. The latest issue is out now! </span><br />
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David Shvartsmanhttp://www.blogger.com/profile/17489057364240610202noreply@blogger.comtag:blogger.com,1999:blog-21596846.post-13272753089645198702018-08-16T21:01:00.000-05:002018-08-16T21:36:37.336-05:00Mark Cuban on Elon Musk and Tesla: "You're Investing in an Entrepreneur"<span style="font-family: "arial" , "helvetica" , sans-serif;">Well the long knives were certainly out for Tesla (<b>TSLA</b>) and its CEO, Elon Musk this week.</span><br />
<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">Wall Street, legal firms, <a href="https://www.thestreet.com/markets/sec-subpoena-s-tesla-questions-about-take-private-loom-for-shareholders-14685907">the SEC</a>, and media talking heads were all roused to action (or comment) over Musk's recent proposal to <a href="https://money.cnn.com/2018/08/13/news/companies/elon-musk-tesla-saudi-fund/index.html">take the company private</a> at $420 per share. </span><br />
<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">After floating the idea (via Twitter) of a <a href="https://twitter.com/FinanceTrends/status/1026887233406754816">private buyout of Tesla</a> on August 7, Musk wrote to Tesla employees and shareholders about his vision for running Tesla as a private firm in a blog post entitled, <a href="https://www.tesla.com/blog/taking-tesla-private?redirect=no">"Taking Tesla Private"</a>.</span><br />
<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">Among the advantages of operating Tesla as a private firm (as well as the disadvantages of being a publicly traded company), Musk lists the following: </span><br />
<br />
<i><span style="font-family: "arial" , "helvetica" , sans-serif;">"...</span><span style="font-family: "arial" , "helvetica" , sans-serif;">First, a final decision has not yet been made, but the reason for doing
this is all about creating the environment for Tesla to operate best. As
a public company, we are subject to wild swings in our stock price that
can be a major distraction for everyone working at Tesla, all of whom
are shareholders. </span></i><br />
<br />
<i><span style="font-family: "arial" , "helvetica" , sans-serif;">Being public also subjects us to the quarterly
earnings cycle that puts enormous pressure on Tesla to make decisions
that may be right for a given quarter, but not necessarily right for the
long-term. </span></i><br />
<br />
<i><span style="font-family: "arial" , "helvetica" , sans-serif;">Finally, as the most shorted stock in the history of the
stock market, being public means that there are large numbers of people
who have the incentive to attack the company."</span></i><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>
<span style="font-family: "arial" , "helvetica" , sans-serif;">In Elon's view, Tesla and its shareholders are currently weighed down by unfair attacks from short sellers and unscrupulous journalists. Going private would eliminate the distractions faced by fighting short sellers and may also reduce the high media glare. </span><br />
<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">Additionally, Wall Street's notorious short-termism and quarter-to-quarter view of a public company's prospects often clash with the longer-term vision of entrepreneurial company founders such as Musk.</span><br />
<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">Speaking to that point of entrepreneurial leadership, <a href="https://www.youtube.com/watch?v=8wjicXZFNgg">Mark Cuban</a> recently shared his thoughts on Tesla and Elon Musk's vision in an interview with CNBC.</span><br />
<br />
<iframe allow="autoplay; encrypted-media" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/8wjicXZFNgg" width="690"></iframe>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>
<span style="font-family: "arial" , "helvetica" , sans-serif;"> </span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">Leading off with his main point, Cuban reminds all of us that "when you invest in an entrepreneur, you get the entrepreneur!". An entrepreneurial founder is going to have a long-term vision for the company that a professional outside manager or CEO won't have.</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>
<span style="font-family: "arial" , "helvetica" , sans-serif;">When you think of the best, most disruptive companies of the last 25 years or more, you are invariably thinking of an Apple, a Netflix, or an Amazon. These are the company founders, people like Steve Jobs, Reed Hastings, and Jeff Bezos, who confounded the public and the Wall Street analysts early on with their unorthodox thinking and approach to running innovative, publicly-traded companies.</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>
<span style="font-family: "arial" , "helvetica" , sans-serif;">As Mark Cuban points out in his interview, "At one point everybody complained about Steve Jobs (who was fired in the '80s)... everybody complained about Jeff Bezos [no profits, no quarterly guidance]. Reed Hastings, same thing... </span><br />
<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">...Everybody complained about 'the fundamentals' of all these companies... these guys [founders], they don't cash out like me. They stay there because they're committed and dedicated. You've got to take the uniqueness of each person as part of what you're invested in."</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"> </span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">On the subject of short sellers, Cuban added, "I would tell Elon that the shorts are your friend. The beauty of shorts is, if you have a great quarter and you do your job, they have to buy back their position [at higher prices]. Rather than getting upset about shorts, know that the more shorts you have, the more buyers you have in waiting."</span><br />
<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b><i>Note</i></b>: this point about Tesla shorts adding <a href="https://twitter.com/FinanceTrends/status/872871788774121472">fuel to the fire was made here</a> last year. </span><br />
<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">Great entrepreneurs want to stick around for the long haul and tackle the issues their companies face. As Mark Cuban reminds us, founders like Musk, who "sleeps in the factory", are uniquely driven and have their own unique way of communicating with the public. That's part of what makes these entrepreneurial tech companies so exciting, so competitive, and ultimately, so successful. </span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><i>Disclosure: I currently own a very small amount of Tesla (<b>TSLA</b>) shares via the <b>ARKW</b> etf</i>.</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>Related posts</b>:</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><a href="https://financetrends.blogspot.com/2016/10/tesla-motors-is-exciting-but-its-stock.html">Tesla is Exciting... But I<span style="font-family: "arial" , "helvetica" , sans-serif;">ts Stock is Stagnant</span></a></span></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><a href="https://youtu.be/zIwLWfaAg-8">Elon Musk: The Future We're Building at TED </a></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><a href="https://charlierose.com/videos/14250">Reed Hastings, Netflix CEO <span style="font-family: "arial" , "helvetica" , sans-serif;">Interview w<span style="font-family: "arial" , "helvetica" , sans-serif;">/ Charlie Rose</span></span></a></span></span>David Shvartsmanhttp://www.blogger.com/profile/17489057364240610202noreply@blogger.comtag:blogger.com,1999:blog-21596846.post-5974847904682878942018-06-19T09:00:00.000-05:002018-06-22T14:32:37.016-05:00 Interview with Relentless author Tim Grover: Michael Jordan's Personal Trainer on Mindset and Performing Under Pressure<span style="font-family: "arial" , "helvetica" , sans-serif;"><i>"The one thing that Michael [Jordan] has, that really stands out, is
that he doesn't compete with anyone else. He competes with himself."</i> - <a href="https://www.si.com/nba/point-forward/2013/04/13/tim-grover-trainer-nba-michael-jordan-kobe-bryant-lebron-james-kevin-durant" style="-ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #0000df; font-weight: normal; mso-line-height-rule: exactly; text-decoration: underline;" target="_blank">Tim Grover</a>.</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>
<br />
<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiyQXyuCRw9fncnh3EwwcqeV2pq13hg79UwF9TWzZlTFQZGu7_84ZHc36YL7uEl2opWUpKGZ6ODmn8_vfUpx0QoREFcxVdQCe1NFJbbN_Ukokj5b_YYypgTZeg-bgWDDolU68BCVQ/s1600/Michael+Jordan+Air.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img alt="Michael Jordan Air Jordan slam dunk contest free throw line" border="0" data-original-height="1003" data-original-width="1500" height="427" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiyQXyuCRw9fncnh3EwwcqeV2pq13hg79UwF9TWzZlTFQZGu7_84ZHc36YL7uEl2opWUpKGZ6ODmn8_vfUpx0QoREFcxVdQCe1NFJbbN_Ukokj5b_YYypgTZeg-bgWDDolU68BCVQ/s640/Michael+Jordan+Air.jpg" title="Michael "Air" Jordan in flight. Free throw line slam dunk " width="640" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><span style="font-family: "arial" , "helvetica" , sans-serif;">Air Jordan free throw line slam dunk</span></td></tr>
</tbody></table>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>
<span style="font-family: "arial" , "helvetica" , sans-serif;">How appropriate that this interview with Michael Jordan's personal trainer and <a href="https://www.amazon.com/Relentless-Unstoppable-Tim-S-Grover/dp/1476714207/"><i>Relentless</i></a> author, Tim Grover should appear in issue #23 of the <a href="https://blogspot.us13.list-manage.com/subscribe?u=eac23a2d45e18cb78ed5844f1&id=5855f82ab2">Finance Trends Newsletter</a>.<br />
<br />
Although I had planned to highlight Tim Grover's excellent discussion on mindset
and champion-level performance in our very next newsletter, I did not
anticipate this fortuitous numbering sequence. Actually, I hadn't
noticed it until I typed up today's email subject heading while counting
back through our prior issues.<br />
<br />
I'm excited by the coincidence, but it's only because I'm even more
excited to share Tim's message with you. You might say that his
interview struck a chord with me.<br />
<br />
But first, let me briefly tell you <i>why</i> I find this interview to be so crucial.
Our mindset and our beliefs around what is
possible dictate what we can achieve in life. If the winning mindset is
not there, the desired results will not materialize for us.<br />
<br />
In trading, business, and sports, we are entering a global playing field
of high-level competition. We're not only competing with the people (or
organizations) in our immediate orbit, we're increasingly competing
against those half a world away.<br />
<br />
We're also competing with ourselves. As many great traders and investors
have remarked, the greatest obstacle to success is not other traders
but ourselves - our own psychology.</span><br />
<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">This is also the theme of Tim Grover's quote (see above) about Michael Jordan, the consummate competitor.</span><br />
<br />
<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiPgWRLJ70pGMYeS99fJUXY1yjiyNaHhhbGfAiyGm9NDOe-dfJQdzprSBJgT1mD4aUu0fUCDwyc7B2VxNH-YIzCMsJAN9s7E3C4CH6RqpL9pY6ewB8zHK1eQF5s9H_1vTdKSiMKrQ/s1600/Tim+Grover+MJ+Kobe.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="613" data-original-width="1100" height="356" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiPgWRLJ70pGMYeS99fJUXY1yjiyNaHhhbGfAiyGm9NDOe-dfJQdzprSBJgT1mD4aUu0fUCDwyc7B2VxNH-YIzCMsJAN9s7E3C4CH6RqpL9pY6ewB8zHK1eQF5s9H_1vTdKSiMKrQ/s640/Tim+Grover+MJ+Kobe.jpg" width="640" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><span style="font-family: "arial" , "helvetica" , sans-serif;">Tim Grover trains with Michael Jordan, with Kobe (right) via <a href="https://www.si.com/edge/2014/04/11/nba-star-trainer-tim-grover-what-it-takes-win">Sports Illustrated.</a></span></td></tr>
</tbody></table>
<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">Now, if I can spend an hour or two with the guy who helped turn Michael
Jordan "NBA Phenom" into Michael Jordan "6x NBA Champion" (he has helped
Kobe and other NBA stars get there too)... well, you can bet I'm going
to listen well and then do my best to apply what I've learned.</span><br />
<br />
<iframe allow="autoplay; encrypted-media" allowfullscreen="" frameborder="0" height="420" src="https://www.youtube.com/embed/PGnKcPbe7jY" width="740"></iframe>
<span style="font-family: "arial" , "helvetica" , sans-serif;"></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><a href="https://www.youtube.com/watch?v=PGnKcPbe7jY">Interview with Tim Grover</a>: Relentless author, trainer to Michael Jordan and Kobe Bryant. </span><br />
<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>Some highlights from the interview</b>...<br />
<br />
Tim grew up in Chicago and played college ball at UIC, but realized that
he would not realistically make it to the pro level. That realization
was brought into sharp focus as a college sophomore when he squared up
on the court against a high school junior named Tim Hardaway.<br />
<br />
"I still wanted to be involved in sports, ideally basketball. Let me
figure out a way to help other athletes reach the top of their game. I
studied kinesthiology... and worked with anyone I could to learn to
apply it."<br />
<br />
Grover asks, "You know how I choose a client or [collaborator] someone
to listen to? They have to be as fucked up and as crazy as I am!"<br />
<br />
He is not one for the philosophy of balancing yourself with a partner of
differing personality. He wants someone as intense and driven as he is.
In his view, you don't want a partner who is pulling you away from the
person you really are.<br />
<br />
Tim shares a great story (which I won't replay here) of how he finally
connected with Michael Jordan and why "the best of the best" was
motivated to work with him.<br />
<br />
"A lot of individuals, especially in this generation, are jumping around
too much these days. They're using this trainer one week and another
next week... or this mentor one week and this person on YouTube over
here... they're getting all this conflicting information."<br />
<br />
Michael and Kobe mastered one aspect of the game. Then they moved on to a new aspect of the game. Master one thing at a time.<br />
<br />
Grover divides performers into 3 levels of effectiveness: Coolers,
Closers, and Cleaners. The "Cleaners" are top level, clutch performers
who always reach down inside themselves to nail the winning shot. They
are instinctual in their approach, deeply focused on the task at hand,
and they set the standard for excellence.<br />
<br />
"Your obligation to yourself to be the best has to be greater than any
outside pressure on you." Tim cites Tom Brady and MJ as athletes who
exemplify this trait.<br />
<br />
"We're not born with greatness. That's bullshit! You <i>earn</i>
greatness. You have to fight like hell to get to paradise. People don't
know how to fight anymore. People quit [too often these days]... It's
the icons who fight like hell to succeed."<br />
<br />
Top level individuals stand alone. The inner circle of the "greatest"
individuals is so small. Distance becomes their best friend. Most people
want to join the group, the in crowd, the fraternity. "Who do you
idolize the most? The ones that stand alone."<br />
<br />
As Tim points out, the conventional wisdom of "surround yourself with
positive people" is bound to backfire if all those people just smile and
tell you what you want to hear. You need to surround yourself with
people who will straight up tell you the truth (on this point I agree
100%).<br />
<br />
We're all going to fail at something. It's only failure if you don't bounce back.<br />
<br />
On dealing with pressure: "Everybody can handle pressure. Most people
decide not to. We run from it. Stress is just pressure you won't deal
with." </span><br />
<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">The <span style="font-family: "arial" , "helvetica" , sans-serif;">Importance of </span>Mindset<span style="font-family: "arial" , "helvetica" , sans-serif;">:</span> "Before you have an exceptional skill set, you need <span style="font-family: "arial" , "helvetica" , sans-serif;">to have a <span style="font-family: "arial" , "helvetica" , sans-serif;">great</span> mindset.</span> <span style="font-family: "arial" , "helvetica" , sans-serif;">Michael and Kobe were<span style="font-family: "arial" , "helvetica" , sans-serif;">n't the greatest athle<span style="font-family: "arial" , "helvetica" , sans-serif;">te<span style="font-family: "arial" , "helvetica" , sans-serif;">s I have ever w<span style="font-family: "arial" , "helvetica" , sans-serif;">orked with. They were great athletes, but their <i>mindset</i> <span style="font-family: "arial" , "helvetica" , sans-serif;">i</span>s what sep<span style="font-family: "arial" , "helvetica" , sans-serif;">arates those individuals</span>.</span></span></span></span>Tom Brady was drafted 199th (6th round)... </span>he wasn't the best athlete. But from a mindset standpoint, he <span style="font-family: "arial" , "helvetica" , sans-serif;">is</span> a killer!" </span><br />
<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>Related posts</b>: </span><br />
<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">More from Tim Grover, author of <a href="https://www.amazon.com/Relentless-Unstoppable-Tim-S-Grover/dp/1476714207/" style="-ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #0000df; font-weight: normal; mso-line-height-rule: exactly; text-decoration: underline;" target="_blank">Relentless: From Good to Great to Unstoppable</a></span><br />
<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">Interview: <a href="https://www.si.com/nba/point-forward/2013/04/13/tim-grover-trainer-nba-michael-jordan-kobe-bryant-lebron-james-kevin-durant" style="-ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #0000df; font-weight: normal; mso-line-height-rule: exactly; text-decoration: underline;" target="_blank">Tim Grover, trainer to NBA stars, talks Jordan, Kobe, Lebron</a> and Durant </span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><a href="https://financetrends.blogspot.com/2014/03/developing-your-mental-trading-edge.html">Developing Your Mental Trading Edge</a>: W<span style="font-family: "arial" , "helvetica" , sans-serif;">ebinar</span> with Dr. Andrew Menaker </span><br />
<br /><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><i><b>Subscribe</b> to<span style="font-family: "arial" , "helvetica" , sans-serif;"> <span style="font-family: "arial" , "helvetica" , sans-serif;">the</span> <a href="http://eepurl.com/bWc1xn" style="-ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #0000df; font-weight: normal; mso-line-height-rule: exactly; text-decoration: underline;" target="_blank"><span style="font-family: "arial" , "helvetica" , sans-serif;">Finance Trends N</span>e<span style="font-family: "arial" , "helvetica" , sans-serif;">wsletter</span></a></span><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"> - you'll get actionable trading ideas, investing lessons, and valuable insights sent to your inbox.</span> </span></i></span><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "trebuchet ms";"><span style="font-family: "arial" , "helvetica" , sans-serif;"><i><b>You can follow</b> our real-time updates on <a href="https://twitter.com/FinanceTrends" style="-ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #0000df; font-weight: normal; mso-line-height-rule: exactly; text-decoration: underline;" target="_blank">Twitter</a>. </i></span></span></span></span></span></span></span></span></span></span> </span><br />
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David Shvartsmanhttp://www.blogger.com/profile/17489057364240610202noreply@blogger.comtag:blogger.com,1999:blog-21596846.post-20466804095800353932018-04-06T12:13:00.000-05:002018-05-20T09:48:48.215-05:00Unlocking Valuable Info: Moe Berg, Espionage, and Investing<span style="font-family: "arial" , "helvetica" , sans-serif;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><i>Welcome, readers. This <span style="font-family: "arial" , "helvetica" , sans-serif;">article on the life of ballplayer/<span style="font-family: "arial" , "helvetica" , sans-serif;">CIA operative</span><span style="font-family: "arial" , "helvetica" , sans-serif;">, </span>Moe Berg and the role of <span style="font-family: "arial" , "helvetica" , sans-serif;">information gathering in <span style="font-family: "arial" , "helvetica" , sans-serif;">espionage and investing first appeared last month in the <a href="http://eepurl.com/c82M2b">Finance Trends Newsletter</a>.</span></span></span></i></span></span><br />
<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">Spring, when a young man's thoughts turn to baseball, young ladies, and... espionage?<br />
<br />
Well, that last part may seem unusual, but allow me to explain.<br />
<br />
I've been a baseball fan all my life. Even in recent years, when I have
rarely felt the urge to watch professional sports, I often find myself
reading about the great ballplayers of my youth or watching highlights
of games from the past.<br />
<br />
One of my great pleasures as a boy was reading about baseball's earlier
eras and its great heroes (or tragic figures) and colorful characters.<br />
<br />
Yes, in the pre-internet world we read tangible books. One of my early favorites was a book entitled, <a href="https://www.amazon.com/Baseball-Anecdotes-Daniel-Okrent/dp/0195043960" style="-ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #0000df; font-weight: normal; mso-line-height-rule: exactly; text-decoration: underline;" target="_blank"><i>Baseball Anecdotes</i></a>.
If you have a baseball fan in your family I highly recommend it.
Paperback copies are inexpensive and the book can be easily read 1 or 2
chapters at a time.<br />
<br />
Here was my early introduction to a journeyman ballplayer of the 1920s and 1930s named <b>Moe Berg</b>.</span><br />
<br />
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<a href="https://gallery.mailchimp.com/eac23a2d45e18cb78ed5844f1/images/8d43ddb9-8ae4-46fa-901d-25abe779208c.jpeg" style="color: #0000df; font-weight: normal; margin-left: 1em; margin-right: 1em; text-decoration: underline;"><img align="middle" alt="Moe Berg Baseball Card 1933 Goudy" data-file-id="2626849" height="387" src="https://gallery.mailchimp.com/eac23a2d45e18cb78ed5844f1/images/8d43ddb9-8ae4-46fa-901d-25abe779208c.jpeg" style="border: 0px none; height: 387px; outline: medium none; text-decoration: none; width: 320px;" title="Moe Berg Baseball Card" width="320" /></a></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Berg was a journeyman in more ways than one. In addition to playing for
six major league teams (including two separate runs with the Cleveland
Indians) in his 15-year career, Moe was an avid traveler who spoke seven
(or more) languages with great skill. He was also a spy.<br />
<br />
Moe parlayed a 1934 trip to Japan into a clandestine sightseeing
tour of Tokyo. With a newsreel film camera hidden in his kimono, Berg
managed to sneak up to the roof of a tall hospital building and film the
Tokyo skyline and its harbors! For years it was believed that his film
footage, loaned to the U.S. government, was helpful in aiding WWII
bombers in their air raids on Tokyo.</span><br />
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<a href="https://gallery.mailchimp.com/eac23a2d45e18cb78ed5844f1/images/a4c29d6f-328c-4329-8fc9-283b25b855cf.jpg" style="color: #0000df; font-weight: normal; margin-left: 1em; margin-right: 1em; text-decoration: underline;"><img alt="Moe Berg Japan Tokyo 1934 Film Camera Spy" data-file-id="2626917" height="538" src="https://gallery.mailchimp.com/eac23a2d45e18cb78ed5844f1/images/a4c29d6f-328c-4329-8fc9-283b25b855cf.jpg" style="border: 0px none; height: 269px; outline: medium none; text-decoration: none; width: 320px;" title="Moe Berg in Tokyo, 1934" width="640" /></a></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">What is certain is that Moe Berg was recruited into the war's new
intelligence program, the OSS, an early forerunner to today's CIA.<br />
<br />
In fact, while watching <a href="https://youtu.be/vywOwtLisRw" style="-ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #0000df; font-weight: normal; mso-line-height-rule: exactly; text-decoration: underline;" target="_blank">SportsCentury's episode on Moe Berg</a>, I noticed that several of the interviewees were not old teammates and sportswriters, but OSS spies and CIA historians!</span><br />
<br />
<iframe allow="autoplay; encrypted-media" allowfullscreen="" frameborder="0" height="405" src="https://www.youtube.com/embed/vywOwtLisRw?rel=0" width="710"></iframe>
<span style="font-family: "arial" , "helvetica" , sans-serif;"> </span><br />
<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">This aspect of Berg's life and work was expanded on in an episode of the <a href="https://youtu.be/C-WrfY50JdI" style="-ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #0000df; font-weight: normal; mso-line-height-rule: exactly; text-decoration: underline;" target="_blank">Baseball Phd podcast</a>.</span><br />
<br />
<iframe allow="autoplay; encrypted-media" allowfullscreen="" frameborder="0" height="405" src="https://www.youtube.com/embed/C-WrfY50JdI?rel=0" width="710"></iframe>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">The following is taken from CIA historian Linda McCarthy's portion of
that podcast, as she describes Berg's value to the war's intelligence
program: </span><br />
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<td style="-ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; mso-line-height-rule: exactly; padding-bottom: 9px; padding-left: 18px; padding-right: 18px; padding-top: 9px;"><table border="0" cellspacing="0" class="mcnTextContentContainer" style="-ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; background-color: #404040; border-collapse: collapse; min-width: 100% ! important; mso-table-lspace: 0pt; mso-table-rspace: 0pt; width: 100%px;">
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<td class="mcnTextContent" style="-ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #f2f2f2; font-family: Helvetica; font-size: 14px; font-weight: normal; line-height: 150%; mso-line-height-rule: exactly; padding: 18px; text-align: center; word-break: break-word;" valign="top"><span style="font-size: 18px;">"Moe
Berg had this tremendous intellect...like a chess master who can
envision what his opponent's next move and next 20 moves will be..."<br />
<br />
"The problem we have in today's intel field is we have so much
information coming at us. The real skill comes in being able to sift it
down into something that is a) accurate, b) readable, and c) has value."<br />
<br />
"I've been told that his CIA field reports had some of the best writing
that they [fellow officers] had ever seen. I tell new hires, if you want
to know how to write a decent cable from the field, you need to study
Moe Berg." - Linda McCarthy.</span>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">This ability to take in a great deal of
information and hone in on the truly important items is crucial not only
in espionage, but in the field of investing.<br /><br />
Not only was Moe Berg able to obtain crucial wartime intelligence data,
he was uniquely skilled at conveying that valuable information in a
highly readable way.<br /><br />
As traders and investors, we need to parse out the signal from the vast
fields of noise. Whether we are taking in company fundamentals,
technical price data, or industry news and opinions, it is imperative to
focus on only the core data that is most useful to our particular
strategy and needs.<br /><br />
When we go beyond that, and begin taking in less useful information and
opinions, we subject ourselves to the problem of information overload.<br /><br />
As the "noise" increases, we lose the valuable signals within a sea of
data, subjecting ourselves to the fear and emotions of outside "news"
and opinion. We may also find ourselves subjected to "analysis
paralysis", or the inability to take decisive action when we are bogged
down with too many options.<br /><br />
Here is what legendary investor and American statesman, Bernard Baruch had to say about the problem of <a href="https://financetrends.blogspot.com/2016/02/bernard-baruch-on-information-overload.html" style="-ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #0000df; font-weight: normal; mso-line-height-rule: exactly; text-decoration: underline;" target="_blank">information overload</a> back in the 1950s: </span><br />
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<td style="-ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; mso-line-height-rule: exactly; padding-bottom: 9px; padding-left: 18px; padding-right: 18px; padding-top: 9px;"><table border="0" cellspacing="0" class="mcnTextContentContainer" style="-ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; background-color: #404040; border-collapse: collapse; min-width: 100% ! important; mso-table-lspace: 0pt; mso-table-rspace: 0pt; width: 100%px;">
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<td class="mcnTextContent" style="-ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #f2f2f2; font-family: Helvetica; font-size: 14px; font-weight: normal; line-height: 150%; mso-line-height-rule: exactly; padding: 18px; text-align: center; word-break: break-word;" valign="top"><span style="color: #f2f2f2;"><span style="font-size: 18px;"><span style="font-family: "arial" , "helvetica" , sans-serif;">"If
anything, too much information may be available today. The problem has
become less one of digging out information than to separate the
irrelevant detail from the essential facts and to determine what those
facts mean. More than ever before, what is needed is sound judgement." -
Bernard Baruch, 1957</span></span></span>
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<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">I hope you enjoyed this week's letter and
will find time over the weekend to delve into the related podcast and
video on a fascinating figure in American life, Moe Berg. <span style="font-family: "arial" , "helvetica" , sans-serif;">You can read more about <a href="https://baseballhall.org/discover/short-stops/moe-bergs-life-in-baseball"><span style="font-family: "arial" , "helvetica" , sans-serif;">Moe Berg's</span> life in baseball</a> at <span style="font-family: "arial" , "helvetica" , sans-serif;">the Baseball Hall of Fame web<span style="font-family: "arial" , "helvetica" , sans-serif;">site.</span></span> </span></span><br />
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<a href="https://gallery.mailchimp.com/eac23a2d45e18cb78ed5844f1/images/7b9278ae-8fed-4ae9-8294-0ff73c38d5e7.jpg" style="color: #0000df; font-weight: normal; margin-left: 1em; margin-right: 1em; text-decoration: underline;"><img alt="Moe Berg Baseball Chicago Photo Spy Espionage" data-file-id="2626853" height="319" src="https://gallery.mailchimp.com/eac23a2d45e18cb78ed5844f1/images/7b9278ae-8fed-4ae9-8294-0ff73c38d5e7.jpg" style="border: 0px none; height: 319px; margin: outline: medium none; text-decoration: none; width: 320px;" title="Moe Berg, Chicago White Sox" width="320" /></a></div>
<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">Perhaps you'll also draw some useful parallels on good intelligence
gathering and active investing! I hope they will serve you well in the
future.</span><br />
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<b><span style="font-family: "arial" , "helvetica" , sans-serif;">Related posts:</span></b><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>
<span style="font-family: "arial" , "helvetica" , sans-serif;">1. <a href="https://financetrends.blogspot.com/2016/08/maximize-your-gains-not-wins-william.html">Maximize Your Trading Gains, Not Wins: William Eckhartd Interview</a>.</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>
<span style="font-family: "arial" , "helvetica" , sans-serif;">2. <a href="https://financetrends.blogspot.com/2016/09/william-oneil-interview-how-to-buy.html">William O'Neil Interview: How to Buy Winning Stocks</a>.</span><br />
<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">3. <a href="https://financetrends.blogspot.com/2016/08/babe-ruth-on-persistence-keep-swinging.html">Babe Ruth on Persistence: Keep Swinging Your Bat</a>.</span></td>
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David Shvartsmanhttp://www.blogger.com/profile/17489057364240610202noreply@blogger.comtag:blogger.com,1999:blog-21596846.post-74181448698741603882018-04-03T10:29:00.001-05:002018-04-03T12:53:42.126-05:00Abnormal Returns Interview: Finance Blogger Wisdom <span style="font-family: "arial" , "helvetica" , sans-serif;">Head on over to Abnormal Returns for this week's <a href="https://abnormalreturns.com/2018/04/03/finance-blogger-wisdom-ten-years-in/">Finance Blogger Wisdom</a> interview series. </span><br />
<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">You'll find a daily Q&A session on investing with some of the top financial bloggers, and a new topic of discussion is offered up each day. Topics this <span style="font-family: "arial" , "helvetica" , sans-serif;">week</span> include: the future of pension fund returns, lessons of the post-financial crisis decade,<span style="font-family: "arial" , "helvetica" , sans-serif;"> </span>investing in new ETFs, the IPO market for new companies, and some shout outs to our favorite under-the-radar bloggers and investing writers (look for that on Friday).</span><br />
<br />
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<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">Once again, AR has been kind enough to include Finance Trends in their ongoing interview series. Thanks to Tadas Viskantas at <a href="https://abnormalreturns.com/">Abnormal Returns</a> for hosting us and giving us all a platform to speak on the financial topics of the day.</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><i><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><i><b>Subscribe</b> to<span style="font-family: "arial" , "helvetica" , sans-serif;"> <span style="font-family: "arial" , "helvetica" , sans-serif;">the</span> <a href="http://eepurl.com/bWc1xn"><span style="font-family: "arial" , "helvetica" , sans-serif;">Finance Trends N</span>e<span style="font-family: "arial" , "helvetica" , sans-serif;">wsletter</span></a></span><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"> - you'll get actionable trading ideas and valuable market insights sent to your inbox.</span> </span></i></span><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "trebuchet ms";"><span style="font-family: "arial" , "helvetica" , sans-serif;"><i><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><i><b>You can follow</b> our real-time updates on <a href="https://twitter.com/FinanceTrends">Twitter</a>.</i></span></span></span></i></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></i></span></span></span> </span></span></span></span></span> </span>David Shvartsmanhttp://www.blogger.com/profile/17489057364240610202noreply@blogger.comtag:blogger.com,1999:blog-21596846.post-67448882705052223182018-02-08T14:18:00.003-06:002018-02-08T14:24:09.907-06:00Earnings Season Stars: Twitter and Snap Spike Higher<span style="font-family: "arial" , "helvetica" , sans-serif;"><i>Welcome, readers. This post was sent out to <a href="http://eepurl.com/c82M2b">Finance Trends Newsletter</a> subscribers earlier today. Subscribe now to get all our email updates as soon as they are published.</i></span><br />
<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">You may have heard of Snapchat (certainly your kids or your younger nieces and nephews have) and its parent company, Snap Inc (<b>SNAP</b>).</span>
<span style="font-family: "arial" , "helvetica" , sans-serif;"></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br />
The youth-targeted social messaging and live-streaming app IPO'd in
2017, but quickly disappointed investors with a slow decline from its
early highs near $28 into the mid-teens (how appropriate, given their
demographic).</span>
<span style="font-family: "arial" , "helvetica" , sans-serif;"></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br />
Well, after a nearly year-long decline, <b>SNAP</b> shares are roaring back in a big way. The stock surged higher this week on its <a href="https://techcrunch.com/2018/02/06/snap-inc-earnings-q4-2017/" style="-ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #0000df; font-weight: normal; mso-line-height-rule: exactly; text-decoration: underline;" target="_blank">first earnings beat</a> (the company still reported a loss of -13 cents per share) and increased revenue Y-O-Y.</span>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /> </span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">Here is the <a href="https://twitter.com/FinanceTrends/status/961307151414317057" style="-ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #0000df; font-weight: normal; mso-line-height-rule: exactly; text-decoration: underline;" target="_blank"><b>SNAP</b> </a><a href="https://twitter.com/FinanceTrends/status/961307151414317057" style="-ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #0000df; font-weight: normal; mso-line-height-rule: exactly; text-decoration: underline;" target="_blank">chart I shared</a>
yesterday on Twitter, with the following note: "There's the high
volume, gap up move after earnings. Buyers, Wall St. proving their
interest. Powering out of last year's downtrend."</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"> </span>
<span style="font-family: "arial" , "helvetica" , sans-serif;"></span><br />
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<a href="https://gallery.mailchimp.com/eac23a2d45e18cb78ed5844f1/images/863de1b1-f3c4-41db-bea8-ccf890ab6235.png" style="color: #0000df; font-weight: normal; margin-left: 1em; margin-right: 1em; text-decoration: underline;"><img alt="SNAP Snapchat stock price chart earnings spike gap" data-file-id="2503938" height="348" src="https://gallery.mailchimp.com/eac23a2d45e18cb78ed5844f1/images/863de1b1-f3c4-41db-bea8-ccf890ab6235.png" style="border: 0px none; height: 348px; margin: 0px; outline: medium none; text-decoration: none; width: 615px;" title="Snapchat SNAP stock chart: earnings jump" width="615" /></a></div>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span> <span style="font-family: "arial" , "helvetica" , sans-serif;">As noted earlier this year on Twitter, I could see a potential new uptrend shaping up in <b>SNAP</b>
but my entry into the stock, on the initial trendline break, was just
too early. That quick burst of strength faded and I was soon <a href="https://twitter.com/FinanceTrends/status/951853823596916738" style="-ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #0000df; font-weight: normal; mso-line-height-rule: exactly; text-decoration: underline;" target="_blank">stopped out for a loss</a>.</span>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /> </span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">You know the old saying on Wall Street - "too early is just another way
of saying wrong.". Now the stock is providing us with a message,
"something has changed!", and the buying interest to go along with it.</span>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /> </span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">If <b>SNAP</b> can hold on to some of its newfound momentum
and continue moving higher in the coming weeks, then we may see a real
turnaround taking shape. As it stands, the stock is now trading at
6-month highs on strong volume, an encouraging sign.</span>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /> </span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">Now let's take a quick look at today's earnings season standout, Twitter (<b>TWTR</b>).</span>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /> </span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">The company reported its first-ever quarterly profit (finally!) and the
stock jumped 25% higher in early morning trading. As of this writing,
midday New York time, <b>TWTR</b> is up 17% on the day. If the stock can close above $30, it will mark Twitter's highest closing price since late 2015.</span>
<span style="font-family: "arial" , "helvetica" , sans-serif;"></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br />
This <a href="https://twitter.com/FinanceTrends/status/951833754640814082" style="-ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #0000df; font-weight: normal; mso-line-height-rule: exactly; text-decoration: underline;" target="_blank">new uptrend in <b>TWTR</b></a>
is gaining momentum. Here is an updated chart that shows the stock's
recent upward progress and its slow climb out of a 2-year downtrend.
Note the green uptrend arrows signaling a series of higher highs and
higher lows, plus the recent 2-year high.</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"> </span>
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<a href="https://gallery.mailchimp.com/eac23a2d45e18cb78ed5844f1/images/9fec724c-5988-410b-82bc-7474ea4adcd8.png" style="color: #0000df; font-weight: normal; margin-left: 1em; margin-right: 1em; text-decoration: underline;"><img alt="TWTR Twitter stock chart price earnings gap high" data-file-id="2504226" height="333" src="https://gallery.mailchimp.com/eac23a2d45e18cb78ed5844f1/images/9fec724c-5988-410b-82bc-7474ea4adcd8.png" style="border: 0px none; height: 333px; margin: 0px; outline: medium none; text-decoration: none; width: 615px;" title="Twitter TWTR stock chart: earnings gap higher" width="615" /></a></div>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span><span style="font-family: "arial" , "helvetica" , sans-serif;">We don't know which company will ultimately "win" the social media landscape, but we can plainly see by the charts that <b>SNAP</b> and <b>TWTR</b> are signaling that they are back in the game. Only time, and price, will tell if these <i>stocks</i> (not to be confused with their underlying companies) are strong enough to hold their recent gains and continue higher.</span>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /> </span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">Longtime Finance Trends readers have heard me <a href="https://financetrends.blogspot.com/2016/07/facebook-stock-at-new-all-time-high-as.html" style="-ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #0000df; font-weight: normal; mso-line-height-rule: exactly; text-decoration: underline;" target="_blank">say this about <b>TWTR</b> in prior years</a>:</span>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><i> </i></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><i>"...While I
have been an avid user of Twitter since 2009, I have never owned the
stock. I have owned Facebook shares in the past, despite never having
used the service (in fact, I can't stand Facebook).<br />
<br />
Why? Because I am a trader who prefers to buy stocks in uptrends. That means I want a stock that will continue to move higher. I want to own stocks that are being bought by professional investors and are increasingly being discovered by the wider investing public..."</i></span>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b> </b></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>TWTR</b> and <b>SNAP</b> are showing us that
things have recently changed for the better. Wall Street is starting to
bet on these two social media stocks again. That means Facebook (<b>FB</b>) is not the only game in town anymore, so we have to change our minds and act accordingly.</span>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /> </span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">For me, that means I have to be willing to step in and buy <b>SNAP</b>
again. Maybe not today or tomorrow morning, but soon, given the proper
risk vs. reward setup and a stop loss in place. It means I also have to
look at <b>TWTR</b> as a stock to buy instead of a perennial loser. I can manage my risk <i>and</i> get over my hesitation with small initial long positions.</span>
<span style="font-family: "arial" , "helvetica" , sans-serif;"></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br />
More on that (how to pull the trigger and buy or sell) in a future newsletter!</span>David Shvartsmanhttp://www.blogger.com/profile/17489057364240610202noreply@blogger.comtag:blogger.com,1999:blog-21596846.post-28768446014768765012017-10-24T15:40:00.000-05:002017-10-24T15:55:00.980-05:00Dow Jones Soaring to New Highs: The Dow 30 in Charts<span style="font-family: "arial" , "helvetica" , sans-serif;">The Dow Jones Industrial Average (<b>DJIA</b>) climbed to a new high above 23,450 today.</span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjfakygZ6zqqdkw5QYrp0EbRjSg5iyy7GN-b81RzUktb9HvZGjat45D43vMNdnHPfexmhEsCagbxn0UBLTnsPoUKWQPxyT74rv2tA4llWU3J2DeaZ9HQ-aSJ9tEYxc-LVXWxaGbjA/s1600/Dow+Jones.png" imageanchor="1"><img alt="Dow Jones Industrial Average (DJIA) at New Highs Dow 30 Chart" border="0" data-original-height="650" data-original-width="1200" height="346" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjfakygZ6zqqdkw5QYrp0EbRjSg5iyy7GN-b81RzUktb9HvZGjat45D43vMNdnHPfexmhEsCagbxn0UBLTnsPoUKWQPxyT74rv2tA4llWU3J2DeaZ9HQ-aSJ9tEYxc-LVXWxaGbjA/s640/Dow+Jones.png" title="Dow Jones Industrial Average (DJIA) at New Highs - Chart" width="640" /></a></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">If the Dow Jones 30 can close the week positive, it will mark the seventh straight week of gains in this highly-followed US stock index. The Dow 30 has climbed over 5,000 points since last October, a 29% gain in one year.</span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhWMru13Fk2thgD8r7t7OZsrtqXWdrYPYQ7q23anK1yUIEIHGyqSGG730b6h4Godyb19_uXVmfxrq9C3PAjUQyx3nCjpmm0BX_rsGTDB4buUAbHzYT_ks1vS8csil4Oa_17OeJktw/s1600/Dow+Jones+weekly.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Dow Jones Industrial Average (DJIA) New Highs - Weekly Chart" border="0" data-original-height="650" data-original-width="1200" height="346" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhWMru13Fk2thgD8r7t7OZsrtqXWdrYPYQ7q23anK1yUIEIHGyqSGG730b6h4Godyb19_uXVmfxrq9C3PAjUQyx3nCjpmm0BX_rsGTDB4buUAbHzYT_ks1vS8csil4Oa_17OeJktw/s640/Dow+Jones+weekly.png" title="Dow Jones Industrial Average (DJIA) New Highs - Weekly Chart" width="640" /></a></div>
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<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">Supporting the <b>DJIA</b> this week are major <a href="https://www.cnbc.com/dow-components/">components</a> like <a href="https://twitter.com/FinanceTrends/status/922873750479081472">Caterpillar (<b>CAT</b>)</a> and <a href="https://twitter.com/FinanceTrends/status/922867827186561025">3M (<b>MMM</b>)</a>, both continuing their climbs on strong 3Q earnings. </span><br />
<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">With big cap industrial movers like <b>CAT</b> and <b>MMM</b>, plus US banking leader <a href="https://twitter.com/FinanceTrends/status/922890636407296002">JPMorgan Chase (<b>JPM</b>) making new highs</a>, the Dow's uptrend is intact and has been propelled higher </span><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;">(despite the persistent "crash" callers)</span>. </span><br />
<br />
<blockquote class="twitter-tweet tw-align-center" data-lang="en">
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3M extending the new highs, +7% today after 3Q earnings. <a href="https://twitter.com/search?q=%24MMM&src=ctag&ref_src=twsrc%5Etfw">$MMM</a> <a href="https://t.co/glkOIvjCtu">pic.twitter.com/glkOIvjCtu</a></div>
— Finance Trends (@FinanceTrends) <a href="https://twitter.com/FinanceTrends/status/922867827186561025?ref_src=twsrc%5Etfw">October 24, 2017</a></blockquote>
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<blockquote class="twitter-tweet tw-align-center" data-lang="en">
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<a href="https://twitter.com/search?q=%24JPM&src=ctag&ref_src=twsrc%5Etfw">$JPM</a> past the century mark, a new ATH. 20-year chart of JP Morgan Chase. <a href="https://t.co/OQ4b63NK7V">pic.twitter.com/OQ4b63NK7V</a></div>
— Finance Trends (@FinanceTrends) <a href="https://twitter.com/FinanceTrends/status/922890636407296002?ref_src=twsrc%5Etfw">October 24, 2017</a></blockquote>
<script async="" charset="utf-8" src="//platform.twitter.com/widgets.js"></script>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;">The Dow is also helped by the recent strength in chip bellwether Intel (<b>INTC</b>), which has just climbed to a 16-year high, and Microsoft (<b>MSFT</b>), which is trading at new all-time highs.</span></span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhZ_nTar55LtNhCeYjksDDFjmLHPo3bkl7d9tDWVxtPCZ5q_GVe3l0hf7gUr1ZYlhzIRjgslN0LQQfVZr_Qz0h7Shru5u-1gwhd4rnMAEKD43MJjFkSUB7fYurB2-MvOazdnr246Q/s1600/INTC+monthly.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Intel (INTC) Monthly Stock Price Chart 1999 2017" border="0" data-original-height="650" data-original-width="1200" height="346" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhZ_nTar55LtNhCeYjksDDFjmLHPo3bkl7d9tDWVxtPCZ5q_GVe3l0hf7gUr1ZYlhzIRjgslN0LQQfVZr_Qz0h7Shru5u-1gwhd4rnMAEKD43MJjFkSUB7fYurB2-MvOazdnr246Q/s640/INTC+monthly.png" title="Intel (INTC) Monthly Stock Chart, 1999-2017" width="640" /></a></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjW4p25I-hJrtICd8q5YOLfB3Fm4fgwVMsL4Mv_scuxjDJMyW-874aSFD1rzDJij0h-wVLThd5ckwZzgmxTsJrX8IKDkfsQ11BXLYmJTqOZcBn6ffEnRO-m6tJ6D0FGkDMCkpLEzw/s1600/MSFT+monthly.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Microsoft (MSFT) Monthly Stock Chart Price 1999 2017 High" border="0" data-original-height="650" data-original-width="1200" height="346" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjW4p25I-hJrtICd8q5YOLfB3Fm4fgwVMsL4Mv_scuxjDJMyW-874aSFD1rzDJij0h-wVLThd5ckwZzgmxTsJrX8IKDkfsQ11BXLYmJTqOZcBn6ffEnRO-m6tJ6D0FGkDMCkpLEzw/s640/MSFT+monthly.png" title="Microsoft (MSFT) Monthly Stock Chart 1999-2017" width="640" /></a></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></span>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;">So while the naysayers neigh, the US stock market continues its upward climb. We are in the midst of a powerful, multi-year bull market<span style="font-family: "arial" , "helvetica" , sans-serif;">;</span> it's time to respect the message of the market and position ourselves accordingly. </span></span></span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;">Stay t<span style="font-family: "arial" , "helvetica" , sans-serif;">uned...</span></span></span></span></span><br />
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<b><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;">Related Posts</span></span></span></span></span></b><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;">1. <a href="https://financetrends.blogspot.com/2017/02/chip-stock-rally-broadens-nvda-amd-brks.html">Chip Stock Rally Broade<span style="font-family: "arial" , "helvetica" , sans-serif;">ns: NVDA, AMD, BRKS, SMH Charts</span></a></span></span></span></span></span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></span></span></span></span>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;">3. <a href="https://financetrends.blogspot.com/2017/04/nasdaq-6000-tech-leaders-goog-fb-nflx.html">Nasdaq 6,000: Tech Leaders at New Highs</a></span></span></span></span></span><br />
<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><i><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><i><b>Subscribe</b> to<span style="font-family: "arial" , "helvetica" , sans-serif;"> <span style="font-family: "arial" , "helvetica" , sans-serif;">the</span> <a href="http://eepurl.com/bWc1xn"><span style="font-family: "arial" , "helvetica" , sans-serif;">Finance Trends N</span>e<span style="font-family: "arial" , "helvetica" , sans-serif;">wsletter</span></a></span><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"> - you'll get actionable trading ideas and valuable market insights sent to your inbox.</span> </span></i></span><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "trebuchet ms";"><span style="font-family: "arial" , "helvetica" , sans-serif;"><i><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><i><b>You can follow</b> our real-time updates on <a href="https://twitter.com/FinanceTrends">Twitter</a>.</i></span></span></span></i></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></i></span></span></span> </span></span></span></span></span>David Shvartsmanhttp://www.blogger.com/profile/17489057364240610202noreply@blogger.comtag:blogger.com,1999:blog-21596846.post-22933489715160084642017-10-15T20:38:00.000-05:002017-10-15T20:42:39.260-05:00Market Wizard, Steve Clark on Trading: Grow Your Equity Curve<span style="font-family: "arial" , "helvetica" , sans-serif;">Trading wisdom recap: <b>Steve Clark</b>, founder of Omni Partners, was featured in Jack Schwager's 2012 book, <i>Hedge Fund Market Wizards</i>. </span><br />
<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">Clark's interview with Schwager provided us with some valuable trading insights; <a href="https://financetrends.blogspot.com/2013/02/lessons-from-hedge-fund-market-wizards.html">"Lessons from Hedge Fund Market Wizards: Steve Clark"</a> was one of our most popular posts ever.</span><br />
<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">If I had to pick my favorite sections from Clark's chapter, it would be boiled down to these two concepts: "Do more of what works (and less of what doesn't work)" and "Manage your equity curve".</span><br />
<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">Here's his full quote on the supreme importance of <a href="https://financetrends.blogspot.com/2016/03/your-job-as-trader-manage-your-equity.html">growing your equity curve</a>: </span><br />
<br />
<blockquote class="tr_bq">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;">"Your
job as a trader is to make the line <span style="font-family: "arial" , "helvetica" , sans-serif;">of </span>your equity curve go from bottom
left to top right. That's it. Don't get hung up on other supposed
"mandates". <b>Protect your capital</b> and the direction of that equity line.</span></span>" <span style="font-family: "arial" , "helvetica" , sans-serif;"> </span>
</blockquote>
<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">I will leave you with one last series of quotes from Steve Clark's interview with Jack Schwager. When asked about the characteristics of traders who succeed, Clark replied:</span><br />
<br />
<blockquote class="tr_bq">
<span style="font-family: "arial" , "helvetica" , sans-serif;">"They all work hard... Nearly all the successful traders I have known are one-trick ponies. They do one thing and they do it very well. When they stray from that single focus<span style="font-family: "arial" , "helvetica" , sans-serif;">, it often ends in disaster.</span>"</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>
<span style="font-family: "arial" , "helvetica" , sans-serif;">"Really <span style="font-family: "arial" , "helvetica" , sans-serif;">good</span> traders are also capable of changing their minds in an instant. They can be dogmatic in their opinion and then i<span style="font-family: "arial" , "helvetica" , sans-serif;">mmediately</span> change it.<span style="font-family: "arial" , "helvetica" , sans-serif;"> If you can't do that, you will be caught in a position and be wiped out."</span></span></blockquote>
<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">If you'd like to read more, just click on the Amazon links in our <a href="https://financetrends.blogspot.com/2013/02/lessons-from-hedge-fund-market-wizards.html">Hedge Fund Market Wizards post series</a> and buy the book!</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>Related posts</b>:</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>
<span style="font-family: "arial" , "helvetica" , sans-serif;">1. <a href="https://financetrends.blogspot.com/2016/03/your-job-as-trader-manage-your-equity.html">Your Job as a Trader<span style="font-family: "arial" , "helvetica" , sans-serif;">: Manage Your Equity Curve</span></a></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>
<span style="font-family: "arial" , "helvetica" , sans-serif;">2.<span style="font-family: "arial" , "helvetica" , sans-serif;"> <a href="https://financetrends.blogspot.com/2016/08/maximize-your-gains-not-wins-william.html">Maximize Your Trading Gains, Not Wins: William Eckhardt Interview</a> </span></span><br />
<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><i><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><i><b>Subscribe</b> to<span style="font-family: "arial" , "helvetica" , sans-serif;"> <span style="font-family: "arial" , "helvetica" , sans-serif;">the</span> <a href="http://eepurl.com/bWc1xn"><span style="font-family: "arial" , "helvetica" , sans-serif;">Finance Trends N</span>e<span style="font-family: "arial" , "helvetica" , sans-serif;">wsletter</span></a></span><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"> - you'll get actionable trading ideas and valuable market insights sent to your inbox.</span> </span></i></span><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "trebuchet ms";"><span style="font-family: "arial" , "helvetica" , sans-serif;"><i><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><i><b>You can follow</b> our real-time updates on <a href="https://twitter.com/FinanceTrends">Twitter</a>.</i></span></span></span></i></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></i></span></span></span>David Shvartsmanhttp://www.blogger.com/profile/17489057364240610202noreply@blogger.comtag:blogger.com,1999:blog-21596846.post-22115587914052971552017-09-15T11:01:00.001-05:002017-09-15T11:21:26.101-05:00Tesla Rides Again (TSLA): New Highs Approaching<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><i><span style="font-family: "arial" , "helvetica" , sans-serif;">This post was <span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;">originally</span> <span style="font-family: "arial" , "helvetica" , sans-serif;">published on September 14, 2017 in the <a href="http://eepurl.com/bWc1xn">Finance Trends Newsletter</a>. Sign up to join our email list <span style="font-family: "arial" , "helvetica" , sans-serif;">- you'll</span> receive exclusive updates and market insights<span style="font-family: "arial" , "helvetica" , sans-serif;">, <span style="font-family: "arial" , "helvetica" , sans-serif;">plus the best of our website <span style="font-family: "arial" , "helvetica" , sans-serif;">and social media <span style="font-family: "arial" , "helvetica" , sans-serif;">content.</span></span></span></span></span></span></span></i></span></span><br />
<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">Tesla Inc. (<b>TSLA</b>) shares, which closed at $377.64 today, are trading just below their 52-week high.</span>
<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br />
A move above $387 would mark a new all-time high for the stock. That
means no overhead price resistance, only the potential for blue skies
above.</span>
<span style="font-family: "arial" , "helvetica" , sans-serif;"></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br />
Here is a monthly chart (log scale, click to enlarge) that goes back to
Tesla's IPO in 2010. It shows the stock's full trading history,
including the breakout move from $40 to $290 in 2013 - 2014.</span><br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgSC9TDPPWsbPZp5Y40jvDzPW8PALdESfyo577mvlzwh93s6yvK505N3ag_D5inrz9T2Jn6yhYnEohUeDbBXJk_YXjFDBcLYqeo1kIpcrhkgm6EeSNDejP3ROHdOtFNrW7kL1SRDQ/s1600/TSLA+monthly.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Tesla TSLA stock price chart monthly Elon Musk" border="0" data-original-height="650" data-original-width="1200" height="346" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgSC9TDPPWsbPZp5Y40jvDzPW8PALdESfyo577mvlzwh93s6yvK505N3ag_D5inrz9T2Jn6yhYnEohUeDbBXJk_YXjFDBcLYqeo1kIpcrhkgm6EeSNDejP3ROHdOtFNrW7kL1SRDQ/s640/TSLA+monthly.png" title="Tesla TSLA monthly chart, 2010 - 2017" width="640" /></a></div>
<br />
<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">The weekly chart below shows Tesla's recent breakout (from a long 3-year
trading range) above $300 and the run up to its highs above $386.<br />
<br />
If <b>TSLA</b> can hold these gains and advance an additional
4%, the stock will be trading at a new all-time high. $387 is the magic
number here.</span><br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh6WDTExL6X9M7QMsFh-CuKcrdK74jkFm8LamhvaD1HRFsQVGiGtokM82yYM_os3LiUBih5uz9tk1ns21llpLcIJSwzdFNc6LQPUdraKJCD99t7jfQjHRNyr-WpC18irbO3trrCbw/s1600/TSLA+weekly.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Tesla TSLA stock chart 2017 new highs breakout Elon Musk" border="0" data-original-height="650" data-original-width="1200" height="346" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh6WDTExL6X9M7QMsFh-CuKcrdK74jkFm8LamhvaD1HRFsQVGiGtokM82yYM_os3LiUBih5uz9tk1ns21llpLcIJSwzdFNc6LQPUdraKJCD99t7jfQjHRNyr-WpC18irbO3trrCbw/s640/TSLA+weekly.png" title="Tesla TSLA weekly chart - breakout to new highs" width="640" /></a></div>
<br />
<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">Tesla CEO, Elon Musk sparked excitement this week with the announcement of a <a href="https://www.inverse.com/article/36325-tesla-semi-truck" style="-ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #0000df; font-weight: normal; mso-line-height-rule: exactly; text-decoration: underline;" target="_blank">Tesla semi truck</a>
unveiling scheduled for late October. This marks Tesla's entry into the
commercial transportation market. Production of the electric, long-haul
semis will be underway "in about two years", according to Musk.<br />
<br />
When I last posted on <a href="https://financetrends.blogspot.com/2016/10/tesla-motors-is-exciting-but-its-stock.html" style="-ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #0000df; font-weight: normal; mso-line-height-rule: exactly; text-decoration: underline;" target="_blank"><b>TSLA</b> in late 2016, the stock was still stagnant</a> and stuck in <span style="font-family: "arial" , "helvetica" , sans-serif;">a</span> rather wide trading range between $180 and $280.<br />
<br />
At that time, the questions surrounding <b>TSLA</b> dealt with the Model 3 launch and mass acceptance of Tesla's products and corporate mission.<br />
<br />
From our October 2016 update:<br />
</span><br />
<blockquote class="tr_bq">
<span style="font-family: "arial" , "helvetica" , sans-serif;">
"...There is no doubt that Tesla Motors is an incredibly innovative and exciting company, and the Model 3 in question is a <i>major</i> product.</span> </blockquote>
<blockquote class="tr_bq">
<span style="font-family: "arial" , "helvetica" , sans-serif;">
</span>
<span style="font-family: "arial" , "helvetica" , sans-serif;">
When the Model 3 is released to buyers in late 2017 and 2018, it will
mark the full realization of Tesla's mission: to build and deliver an
affordable electric car that will help kickstart mass adoption of
electric vehicles (EVs)."</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"></span></blockquote>
<span style="font-family: "arial" , "helvetica" , sans-serif;">
<br />
Last year, the market was still undecided about Tesla's future
prospects, at least in terms of a Model 3 launch acting as a catalyst to
new price highs.<br />
<br />
However, by early 2017, Tesla shares were back above $250. In April 2017, <a href="https://twitter.com/FinanceTrends/status/849052584463740931" style="-ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; color: #0000df; font-weight: normal; mso-line-height-rule: exactly; text-decoration: underline;" target="_blank"><b>TSLA </b>crossed $300 and reached a $50 billion market cap</a>, surpassing Ford (<b>F</b>), which has been in business since 1903 (and went public in 1956).<br />
<br />
If <b>TSLA</b> can make a new high above $387, it will be a short hop to $400 and above. It should be noted that <b>TSLA</b>
is prone to sell off in quick, sharp declines (see the plunge from $370
to $306 in July 2017) so your risk management safeguards must be in
place, should you decide to buy the stock.<br />
<br />
Tesla is among the top big-cap names in my watch list right now. I have
been slowly building my exposure to US stocks in recent weeks and may
add a starter position in <b>TSLA</b> to my portfolio sometime in the next week.<br />
<br />
<i>Note: Educational info is presented here, all stocks and securities
mentioned are used as real-world (and real-time) case
studies in trading. I offer no personalized investment advice. Readers
must use their own due diligence and invest according to their unique
needs and objectives.</i></span><br />
<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><i><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><i><b>Subscribe</b> to<span style="font-family: "arial" , "helvetica" , sans-serif;"> <span style="font-family: "arial" , "helvetica" , sans-serif;">the</span> <a href="http://eepurl.com/bWc1xn"><span style="font-family: "arial" , "helvetica" , sans-serif;">Finance Trends N</span>e<span style="font-family: "arial" , "helvetica" , sans-serif;">wsletter</span></a></span><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"> - you'll get actionable trading ideas and valuable market insights sent to your inbox.</span> </span></i></span><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "trebuchet ms";"><span style="font-family: "arial" , "helvetica" , sans-serif;"><i><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><i><b>You can follow</b> our real-time updates on <a href="https://twitter.com/FinanceTrends">Twitter</a>.</i></span></span></span></i></span></span></span> </span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span> </i> </span>David Shvartsmanhttp://www.blogger.com/profile/17489057364240610202noreply@blogger.comtag:blogger.com,1999:blog-21596846.post-68630793026657303662017-09-01T15:02:00.002-05:002017-09-01T15:10:29.149-05:00The Most Popular Posts on Finance Trends: Readers Choice<span style="font-family: "arial" , "helvetica" , sans-serif;"><i>Welcome to our new readers across the globe. Be sure to check out our popular posts section, filled with market insights and valuable lessons for traders and investors of all levels!</i></span><br />
<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">Great starting point for new readers and traders: a selection of our most <b><a href="https://financetrends.blogspot.com/p/fav.html">Popular Posts on Finance Trends</a></b>.</span><br />
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<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiF8dmyaqEu1Aa0QTSQeban18gjdF1tuxj6xj2vga8U0hgL10T_GuJ7Wyi8l6sFfJuCwLOmL90CgGLFNL0VMHIkQUO3klgs0e833nktIgxezgNyD5l6LKn7ppV3N5cVu4GMnNEpQQ/s1600/Paul+Tudor+Jones+seated.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img alt="Paul Tudor Jones PTJ Trader Insights Lessons Market Wizards Finance Trends Popular Posts" border="0" data-original-height="623" data-original-width="935" height="426" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiF8dmyaqEu1Aa0QTSQeban18gjdF1tuxj6xj2vga8U0hgL10T_GuJ7Wyi8l6sFfJuCwLOmL90CgGLFNL0VMHIkQUO3klgs0e833nktIgxezgNyD5l6LKn7ppV3N5cVu4GMnNEpQQ/s640/Paul+Tudor+Jones+seated.jpg" title="Paul Tudor Jones, Jesse Livermore, William O'Neil, Charlie Munger. Top Traders and Investors Offer Insights, Market Wisdom. Finance Trends: Most Popular Posts." width="640" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><span style="font-family: "arial" , "helvetica" , sans-serif;">Paul Tudor Jones, photo by Annie Leibovitz via <a href="http://www.audubon.org/news/2016-audubon-medal-awardee-paul-tudor-jones-ii">Audobon.org.</a></span></td></tr>
</tbody></table>
<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">You'll find a newly expanded list of some of our favorite posts, with insights into emerging market trends. Plus, lessons on trading and investing from the masters: Market Wizards such as Paul Tudor Jones, Jesse Livermore, William O'Neil, Victor Sperandeo, Charlie Munger, and Sir John Templeton offer up their hard-earned wisdom. </span><br />
<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;">Equally as</span> important, I hope you'll use our favorite posts to learn from the trading insights offered up by myself and some of the lesser-known (but no less experienced) trading practitioners quoted within. </span><br />
<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">I have spent years and countless hours researching stocks, scanning charts, speaking with fellow traders, and poring through libraries of information in order to distill some of these valuable lessons down to a few readable articles. Mone<span style="font-family: "arial" , "helvetica" , sans-serif;">y has been made and lost - a part of every <span style="font-family: "arial" , "helvetica" , sans-serif;">speculator's "tuition<span style="font-family: "arial" , "helvetica" , sans-serif;">" in the markets. </span></span></span>I hope to learn more from my own small triumphs and mistakes in the markets <span style="font-family: "arial" , "helvetica" , sans-serif;">in order</span> to bring you additional insights in the future.</span><br />
<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">Thanks for reading. Feel free to explore, and enjoy some of our <a href="https://financetrends.blogspot.com/p/fav.html">most popular posts</a>!</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">This trend is especially evident if we pull up the chart of one of the world's leading gold miners, Franco Nevada (<b>FNV</b>). Sporting a $14.8 billion market cap, FNV is the 3rd-largest US-listed <a href="http://finviz.com/screener.ashx?v=111&f=ind_gold&o=-marketcap">gold miner by market cap</a>, behind $20 billion Barrick and Newmont Mining.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>FNV</b> just made a new all-time high above $81.16, the prior high from August 2016. You can see these price points on the updated chart below (the stock was just below the ATH price when I shared the <a href="https://twitter.com/FinanceTrends/status/902230117379923968"><b>FNV</b> chart on Twitter</a>). The stock has cleared resistance and has only "blue skies" above. </span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj7_vYKeXnRKHK8C8K261igTyLndAEvIjqbgotPbAzHVpmHAWsahfRjSx-ZGyrK_0t_0A_Of787G9ERAt7ODoq9wrxifuMwCSdFVJvdBXHjyermxlcL-XQ1SM9Pmgn24uFBNJyXAA/s1600/FNV.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="FNV Franco Nevada gold mining stock new high ATH chart" border="0" data-original-height="650" data-original-width="1200" height="346" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj7_vYKeXnRKHK8C8K261igTyLndAEvIjqbgotPbAzHVpmHAWsahfRjSx-ZGyrK_0t_0A_Of787G9ERAt7ODoq9wrxifuMwCSdFVJvdBXHjyermxlcL-XQ1SM9Pmgn24uFBNJyXAA/s640/FNV.png" title="Franco Nevada (FNV) Stock at a new All-Time High" width="640" /></a></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">So the recent strength in <a href="https://financetrends.blogspot.com/2016/01/these-few-stocks-are-outperforming.html">gold mining stocks and utilities is reminiscent of early 2016</a>, when these two industries were among the best-performing groups in the market.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">The gold miners and utilities enjoyed a strong run through the summer of 2016, then pulled back sharply into early 2017. While utility stocks (<b>XLU</b>) have already gone on to make new highs, the gold miners ETF, <b>GDX</b>, has been treading water. In fact, <b>GDX</b> needs to gain more than 20% to reach its old high. </span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;">The recent strength in <b>FNV</b> may be a sign that <span style="font-family: "arial" , "helvetica" , sans-serif;">gold <span style="font-family: "arial" , "helvetica" , sans-serif;">mining stocks <span style="font-family: "arial" , "helvetica" , sans-serif;">are</span> ready to turn higher.<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"> </span> </span></span></span></span></span></span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;">As my friend, Olivier Tischendorf has <span style="font-family: "arial" , "helvetica" , sans-serif;">pointed out</span>, <a href="http://www.tischendorf.com/2014/11/26/fnv-franco-nevada-a-gold-stock-traders-need-to-follow-youtube-video-analysis/">Franco Nevada (FNV) is a</a><span style="font-family: "arial" , "helvetica" , sans-serif;"><a href="http://www.tischendorf.com/2014/11/26/fnv-franco-nevada-a-gold-stock-traders-need-to-follow-youtube-video-analysis/"> gold stock leader</a> that you must follow if you are trading the mining sector.</span></span></span></span></span></span></span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;">The biggest components <span style="font-family: "arial" , "helvetica" , sans-serif;">of <b>GDX</b>, <span style="font-family: "arial" , "helvetica" , sans-serif;">Barrick (<b>ABX</b>) and Newmont (<b>NEM</b><span style="font-family: "arial" , "helvetica" , sans-serif;">) are <span style="font-family: "arial" , "helvetica" , sans-serif;">up around 3% today, but<span style="font-family: "arial" , "helvetica" , sans-serif;"> <span style="font-family: "arial" , "helvetica" , sans-serif;">both <span style="font-family: "arial" , "helvetica" , sans-serif;">stocks are trading we<span style="font-family: "arial" , "helvetica" , sans-serif;">ll</span> below their old highs. <span style="font-family: "arial" , "helvetica" , sans-serif;">They'll have to carry some of the weight and move higher, along with <b>FNV</b><span style="font-family: "arial" , "helvetica" , sans-serif;">, </span>in order to <span style="font-family: "arial" , "helvetica" , sans-serif;">push the miners ETF into new high terri<span style="font-family: "arial" , "helvetica" , sans-serif;">tory.</span></span></span></span></span></span></span></span></span></span></span></span></span></span></span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;">As it stands, <b>FNV</b> is curr<span style="font-family: "arial" , "helvetica" , sans-serif;">en<span style="font-family: "arial" , "helvetica" , sans-serif;">tly outperforming th<span style="font-family: "arial" , "helvetica" , sans-serif;">e<span style="font-family: "arial" , "helvetica" , sans-serif;"> gold miners ETF and its large cap </span></span></span>competitors. That means that Franco Nevada is the stock to <span style="font-family: "arial" , "helvetica" , sans-serif;">own</span> if you want to gain <span style="font-family: "arial" , "helvetica" , sans-serif;">exposure to <span style="font-family: "arial" , "helvetica" , sans-serif;">this new uptrend</span>. </span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><i><b>Subscribe</b> to<span style="font-family: "arial" , "helvetica" , sans-serif;"> <span style="font-family: "arial" , "helvetica" , sans-serif;">the</span> <a href="http://eepurl.com/bWc1xn"><span style="font-family: "arial" , "helvetica" , sans-serif;">Finance Trends N</span>e<span style="font-family: "arial" , "helvetica" , sans-serif;">wsletter</span></a></span><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"> - you'll get actionable trading ideas and valuable market insights sent to your inbox.</span> </span></i></span><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "trebuchet ms";"><span style="font-family: "arial" , "helvetica" , sans-serif;"><i><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><i><b>You can follow</b> our real-time updates on <a href="https://twitter.com/FinanceTrends">Twitter</a>.</i></span></span></span></i></span></span></span> </span></span> </span></span> </span></span></span></span></span></span> </span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span> </span>David Shvartsmanhttp://www.blogger.com/profile/17489057364240610202noreply@blogger.comtag:blogger.com,1999:blog-21596846.post-40274281995612722812017-08-22T11:28:00.000-05:002017-08-22T12:11:21.245-05:00McDonald's (MCD) Trading Near All-Time Highs, Market Outperformer<span style="font-family: "arial" , "helvetica" , sans-serif;">McDonald's (<b>MCD</b>) is trading near an all-time high, even as the broader market has stumbled in recent weeks.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Quick chart update on McDonald's (<b>MCD</b>), a stock that was last highlighted in our <a href="https://financetrends.blogspot.com/2017/04/nasdaq-6000-tech-leaders-goog-fb-nflx.html">"new all time highs" stock report</a> from April 2017.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">At that time, <b>MCD</b> was hitting new highs as the Nasdaq made a record high above the 6,000 point mark. </span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Today, <b>MCD</b> is trading just below a new all-time high, even as the overall market has suffered through some late-summer gyrations/shakeouts and pullbacks. This is a sign of the stock's relative strength compared to the broader market. <b>MCD</b> is a stock to watch here. </span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">See the performance chart below: </span><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><b>MCD</b> vs. <b>SPY</b>, <b>QQQ</b>.</span></span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjrPIQlo-OnWCWKQ2U39-LhirienCvFNldxG8vIAjIkyVpoCRCnfC0caTPb5-2WM8DP2LAX4aqNnLvOC5qp0UII1QwI7My52pS5IKfRPh2w7PD4gslHXp_8WV-jyKHaYJoLvTjFWA/s1600/MCD.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="McDonald's MCD SPY QQQ stock chart performance gains 2017" border="0" data-original-height="650" data-original-width="1200" height="346" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjrPIQlo-OnWCWKQ2U39-LhirienCvFNldxG8vIAjIkyVpoCRCnfC0caTPb5-2WM8DP2LAX4aqNnLvOC5qp0UII1QwI7My52pS5IKfRPh2w7PD4gslHXp_8WV-jyKHaYJoLvTjFWA/s640/MCD.png" title="McDonald's (MCD) vs. the S&P 500 (SPY) - stock performance chart " width="640" /></a></div>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"> </span> </span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>MCD</b> has outperformed the S&P 500 ETF (<b>SPY</b>) and the Nasdaq 100 ETF (<b>QQQ</b>) during the August correction. The stock has moved higher from its July low, even as the indexes lost a bit of ground since late July. </span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>MCD</b> (+31% YTD) has also outperformed <b>SPY</b> (+10% YTD), of which it <a href="https://www.zacks.com/funds/etf/SPY/holding">is a component</a> stock, and the tech-heavy <b>QQQ</b> (+21% YTD) since the year began. </span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">These are signs of notable strength. If you scan through your stock charts, you'll be hard pressed to find a lot of stocks holding up this well at the moment. </span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Late last week, and over the weekend, I brought up the charts of every US-listed common stock trading over $5. Most of the charts, especially among big-cap retail and consumer stocks, did not look this good. <b>MCD</b> has outperformed the restaurants group and the major indexes.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Does this mean the stock will continue to move higher from here? We can't predict the future based on a price chart, but we can see that McDonald's remains in an uptrend and is showing continued strength since it reached a new high above $133 back in April. This is one of the stronger big cap names <span style="font-family: "arial" , "helvetica" , sans-serif;">in the market.</span></span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">If the <span style="font-family: "arial" , "helvetica" , sans-serif;">overall market can firm up and move higher (or trade sideways) in the<span style="font-family: "arial" , "helvetica" , sans-serif;"> coming <span style="font-family: "arial" , "helvetica" , sans-serif;">week</span>s, <b>MCD</b> could be a good candidate for a longer-term position trade. </span></span></span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><i>Note: I have no current position in MCD or the ETFs (SPY, QQQ) mentioned in this article.</i></span></span></span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><i><b>Subscribe</b> to<span style="font-family: "arial" , "helvetica" , sans-serif;"> <span style="font-family: "arial" , "helvetica" , sans-serif;">the</span> <a href="http://eepurl.com/bWc1xn"><span style="font-family: "arial" , "helvetica" , sans-serif;">Finance Trends N</span>e<span style="font-family: "arial" , "helvetica" , sans-serif;">wsletter</span></a></span><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"> - you'll get actionable trading ideas and valuable market insights sent to your inbox.</span> </span></i></span><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "trebuchet ms";"><span style="font-family: "arial" , "helvetica" , sans-serif;"><i><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><i><b>You can follow</b> our real-time updates on <a href="https://twitter.com/FinanceTrends">Twitter</a>.</i></span></span></span></i></span></span></span> </span></span> </span></span> </span></span></span></span></span> </span>David Shvartsmanhttp://www.blogger.com/profile/17489057364240610202noreply@blogger.comtag:blogger.com,1999:blog-21596846.post-43500226054654467572017-07-11T15:31:00.001-05:002017-07-11T15:36:36.065-05:00Snapchat Slides as Facebook Climbs: SNAP, FB in Charts<span style="font-family: "arial" , "helvetica" , sans-serif;">Snapchat parent Snap Inc's stock </span><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;">(<b>SNAP</b>)</span> is sliding after a downgrade from Morgan Stanley. The stock is set to close -9% on the day.</span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg1VNj6LjFFx5Dqfso7uhWRFDnB6egDKT63yW6EK2sXBrVKIChM9P3cTdfWIbG4LvK8PMKB2oOIcJqYkq8UCEikW4N0q27ZK-XqItY82KVPIY_vGayP43pOoW38YdN0BZ1IuNR2gQ/s1600/SNAP+daily.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Snap Snapchat Stock Price Chart Downtrend " border="0" data-original-height="650" data-original-width="1200" height="345" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg1VNj6LjFFx5Dqfso7uhWRFDnB6egDKT63yW6EK2sXBrVKIChM9P3cTdfWIbG4LvK8PMKB2oOIcJqYkq8UCEikW4N0q27ZK-XqItY82KVPIY_vGayP43pOoW38YdN0BZ1IuNR2gQ/s640/SNAP+daily.png" title="Snapchat (SNAP) Stock Chart: The Downtrend Continues" width="640" /></a></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">As the updated price chart shows (see annotations), <b>SNAP</b> has been suffering since its first quarterly <a href="https://twitter.com/FinanceTrends/status/862746590594965504">earnings report back in May 2017</a>. </span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Since then, the downtrend has accelerated. After a brief rebound above $21, <b>SNAP</b> has continued to trade at new lows. Today's gap down put the stock well below its IPO price of $17.</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>
<span style="font-family: "arial" , "helvetica" , sans-serif;">From Fortune: "<a href="http://fortune.com/2017/07/11/snapchat-stock-price-morgan-stanley/">Snapchat's Biggest Underwriter Says It Was 'Wrong' About SNAP Stock</a>"</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>
<br />
<blockquote class="tr_bq">
<i><span style="font-family: "arial" , "helvetica" , sans-serif;">"...Morgan
Stanley's downgrade is a particularly hard hit for the company as the
bank was an underwriter for Snap's IPO, guiding the company through the
process. Typically, such underwriters become cheerleaders of the company
after it officially goes public, authoring "buy" or "hold" recommendations. And Morgan Stanley was no exception.</span></i><br />
<br />
<div class="column small-12 medium-10 medium-offset-1 large-offset-2 text size-1x-large line-height-large _10M0Ygc4" data-reactid="236">
<i><span style="font-family: "arial" , "helvetica" , sans-serif;">Following Snap's IPO, Morgan Stanley gave Snap (snap, -8.65%) the equivalent of a "buy" rating and a 12-month target price of $28—one of the most bullish on Wall Street at the time.</span></i></div>
<br />
<i><span style="font-family: "arial" , "helvetica" , sans-serif;">But now, the bank has lowered its price target by 43% to $16 a share. That's well below Snap's IPO price.</span></i><span style="font-family: "arial" , "helvetica" , sans-serif;"><i>"</i></span></blockquote>
<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;">Never a good sign when your own underwriter throws you under the bus, after profiting on the deal...</span></span><br />
<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">Meanwhile, Facebook (<b>FB</b>) shares are trading just below their recent 52-week high and look poised to break out to new all-time highs. </span><br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi2Q8gu_IRpC1iK8F7cCDsaTnwtHbOlecOKgFyN0iu4ModeHpERRooBRR2aCdUZ2kKsx9-sbBJkQ2Z3bdMgpBddVggUriXTsebm0K9_OzPf5QdO_dQleguH7tWLt8T88Z16Olc3JQ/s1600/FB+daily.png" imageanchor="1"><img alt="Facebook FB Stock Price Chart " border="0" data-original-height="650" data-original-width="1200" height="346" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi2Q8gu_IRpC1iK8F7cCDsaTnwtHbOlecOKgFyN0iu4ModeHpERRooBRR2aCdUZ2kKsx9-sbBJkQ2Z3bdMgpBddVggUriXTsebm0K9_OzPf5QdO_dQleguH7tWLt8T88Z16Olc3JQ/s640/FB+daily.png" title="Facebook (FB) Shares Trading Near All-Time High" width="640" /></a></div>
<br />
<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">Facebook has been keeping Snap at bay with Instagram, its highly popular photo sharing service and social network. <a href="https://techcrunch.com/2017/04/26/instagram-700-million-users/">Instagram grew to 700 million users</a> in 2017, and its newly-created Snap competitor, Instagram Stories, currently boasts 250 million active users. </span><br />
<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">After slogging through a rough post-IPO year of its own back in 2012, <b>FB</b> rocketed higher in July 2013 after an impressive earnings report. Facebook shares have climbed steadily higher since then, outperforming the Nasdaq 100 (see chart below) and <a href="http://financetrends.blogspot.com/2016/07/facebook-stock-at-new-all-time-high-as.html">social media competitors such as <b>TWTR</b> and <b>SNAP</b>.</a></span><br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi8AjYYDPTG3OKKvOsq2Yv-btuxElRf0xFrHBtgCirGqoWNum2tMb6fbjxp1e6WBruWk0ZMwyPhCGnMfwv48813_hfLc25kmiWHGoMGZLv0vat9RmE5qaPcqLKQsYcE4GIQYIkgng/s1600/FB+vs+QQQ.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Facebook FB Nasdaq QQQ ETF Stocks Chart" border="0" data-original-height="650" data-original-width="1200" height="346" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi8AjYYDPTG3OKKvOsq2Yv-btuxElRf0xFrHBtgCirGqoWNum2tMb6fbjxp1e6WBruWk0ZMwyPhCGnMfwv48813_hfLc25kmiWHGoMGZLv0vat9RmE5qaPcqLKQsYcE4GIQYIkgng/s640/FB+vs+QQQ.png" title="Facebook (FB) vs. Nasdaq 100 (QQQ) Performance Chart" width="640" /></a></div>
<br />
<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">Facebook (<b>FB</b>) is up 425% since its 2012 IPO week, while the <b>QQQ</b> is up 125% over the same period. So far, <b>FB</b> remains the undisputed stock leader in its space.</span><br />
<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>Related posts</b>:</span><br />
<br />
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href="https://twitter.com/FinanceTrends">Twitter</a>.</i></span></span></span></i></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span> </span></span>David Shvartsmanhttp://www.blogger.com/profile/17489057364240610202noreply@blogger.comtag:blogger.com,1999:blog-21596846.post-20106371985181512422017-06-03T15:11:00.000-05:002017-06-03T20:45:04.118-05:00My Trading Journey: The Globe and Mail Interview<span style="font-family: "arial" , "helvetica" , sans-serif;"><i>Welcome, new readers! Signup<span style="font-family: "arial" , "helvetica" , sans-serif;"> <span style="font-family: "arial" , "helvetica" , sans-serif;">for our free email updates<span style="font-family: "arial" , "helvetica" , sans-serif;"> <span style="font-family: "arial" , "helvetica" , sans-serif;">at the <a href="http://eepurl.com/bWc1xn">Finance Trends Newsletter</a>.</span></span></span></span></i><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"> </span></span></span></span></span></span><br />
<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">The <a href="https://www.theglobeandmail.com/globe-investor/investment-ideas/investors-trades-guided-by-market-psychology-and-trends/article35193164/?service=print">Globe and Mail interviewed me about my trading process</a>
and recent trades for their weekend investing column, "Me and My
Money". It was a pleasure to be highlighted (thanks again to columnist
Larry MacDonald)<span style="font-family: "arial" , "helvetica" , sans-serif;">. </span></span><br />
<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;">You'll find some background on my <span style="font-family: "arial" , "helvetica" , sans-serif;">trading philosophy and a<span style="font-family: "arial" , "helvetica" , sans-serif;">n update on some of my personal investments and recent trades. Plus, a few words of advice to investors and new traders<span style="font-family: "arial" , "helvetica" , sans-serif;"> on controlling your risk,</span> informe<span style="font-family: "arial" , "helvetica" , sans-serif;">d by my own experiences and setbacks in trading.</span></span></span></span></span><br />
<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"> </span></span></span></span></span></span></span></span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"> Since newspaper columns <span style="font-family: "arial" , "helvetica" , sans-serif;">must</span> be edited for space, <span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;">some</span> crucial details<span style="font-family: "arial" , "helvetica" , sans-serif;"> <span style="font-family: "arial" , "helvetica" , sans-serif;">regarding</span> my recent trades (<span style="font-family: "arial" , "helvetica" , sans-serif;">along with </span>ticker symbols) and investing <span style="font-family: "arial" , "helvetica" , sans-serif;">history</span> were left out. </span></span></span></span></span></span></span></span></span></span><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"> </span></span></span></span></span></span></span></span></span></span></span></span></span></span></span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;">Next week, I'll publish a<span style="font-family: "arial" , "helvetica" , sans-serif;">n</span> <span style="font-family: "arial" , "helvetica" , sans-serif;">interview </span>transcript<span style="font-family: "arial" , "helvetica" , sans-serif;"> that<span style="font-family: "arial" , "helvetica" , sans-serif;"> will offer a fuller, more detailed view of my written responses.<span style="font-family: "arial" , "helvetica" , sans-serif;"> <a href="http://eepurl.com/bWc1xn">Email subscribers</a> will get a first look at th<span style="font-family: "arial" , "helvetica" , sans-serif;">is exclusive content.</span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;">Thank<span style="font-family: "arial" , "helvetica" , sans-serif;"> you for read<span style="font-family: "arial" , "helvetica" , sans-serif;">in<span style="font-family: "arial" , "helvetica" , sans-serif;">g and for sharing <span style="font-family: "arial" , "helvetica" , sans-serif;">your feedback and comments on social media!</span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span>David Shvartsmanhttp://www.blogger.com/profile/17489057364240610202noreply@blogger.comtag:blogger.com,1999:blog-21596846.post-49784629393835834842017-05-27T13:32:00.000-05:002017-05-27T13:44:39.646-05:00Step Out of Your Investing Comfort Zone: Buying High-Priced Stocks<span style="font-family: "arial" , "helvetica" , sans-serif;">The latest edition of the <a href="http://eepurl.com/bWc1xn">Finance Trends Newsletter</a> was sent out to subscribers on Thursday. If you would like to join our free email list and receive new updates, please <b>subscribe</b> via the title link.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Our latest email report, "<a href="http://mailchi.mp/659d67caa10f/finance-trends-newsletter-going-outside-your-investing-comfort-zone">Going Outside Your Investing Comfort Zone</a>" provides a brief update to this week's Amazon (<b>AMZN</b>) and Google (<b>GOOGL</b>) post. Namely, the question of how to step up to the plate and buy such high-priced stocks as they cross the $100, $200, or even the rarefied $1,000 per share mark.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Here is an excerpt from our latest email update: </span><br />
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<blockquote class="tr_bq">
<i><span style="font-family: "arial" , "helvetica" , sans-serif;">"...</span><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;">Now, I am slowly retraining myself to <b>act on my analysis</b>, even when it comes to buying very "high-priced" shares such as <b>AMZN</b>, <b>PCLN</b>, etc. As I remind myself lately, you don't need to take on a<span style="font-family: "arial" , "helvetica" , sans-serif;"> very </span>large position, just buy a few shares and participate in the uptrend..." </span></span></i><br />
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<i><span style="font-family: "arial" , "helvetica" , sans-serif;">"...While writing today's update, I had a chance to look back on a prior <b>AMZN</b> post and a big missed opportunity in the stock.</span></i><br />
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<i><span style="font-family: "arial" , "helvetica" , sans-serif;">What could I do to remedy this lack of follow-through in the future?<br />
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Confronting my past inhibitions, I decided to take action and buy
another "high-priced" stock. One that has popped up in my chart scans
and is trading well north of $100 per share..."</span></i></blockquote>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">You can read the <a href="http://mailchi.mp/659d67caa10f/finance-trends-newsletter-going-outside-your-investing-comfort-zone">full story</a> <span style="font-family: "arial" , "helvetica" , sans-serif;">and learn<span style="font-family: "arial" , "helvetica" , sans-serif;"> </span></span>how <span style="font-family: "arial" , "helvetica" , sans-serif;">I've started to move outside of my</span> "investing comfort zone<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;">". You may <span style="font-family: "arial" , "helvetica" , sans-serif;">be inspired to take action and <span style="font-family: "arial" , "helvetica" , sans-serif;">redefine your own investing boundaries!</span></span></span></span></span><br />
<br />David Shvartsmanhttp://www.blogger.com/profile/17489057364240610202noreply@blogger.comtag:blogger.com,1999:blog-21596846.post-3329475417279861912017-05-25T10:49:00.000-05:002017-05-25T13:54:15.608-05:00Amazon (AMZN) and Google (GOOGL) near the $1,000 mark<span style="font-family: "arial" , "helvetica" , sans-serif;">Amazon (<b>AMZN</b>) and Google (<b>GOOGL</b>) are set to join the $1000 per share club. </span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjiw6DiavneVKNhuv82-OK9Cl5Kc-dYPDhRiYi5w7_3BZ-ffEzvd64ucs9JCBUVHETjVbsR85nBfnNmWQQFRFeWJf1jo6p4TJpMz5a4nZCQXOs5CHNThGmQV80O2VDmp4GSxIraJQ/s1600/AMZN.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Amazon AMZN GOOGL $1000 stock price chart" border="0" data-original-height="650" data-original-width="1200" height="346" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjiw6DiavneVKNhuv82-OK9Cl5Kc-dYPDhRiYi5w7_3BZ-ffEzvd64ucs9JCBUVHETjVbsR85nBfnNmWQQFRFeWJf1jo6p4TJpMz5a4nZCQXOs5CHNThGmQV80O2VDmp4GSxIraJQ/s640/AMZN.png" title="Amazon (AMZN) nears the $1000 mark - chart" width="640" /></a></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgg55GWYDky4rzzKT87oYlBMHS_K1yQAW-05OYSxL0rl04p1lpkSDgvp3Ful8F7WJjfprQJaTRymvYHOK-ndDCsa-FWfEUDfbK5D-Ccd5Z9CVOK7rFTl7CN52_bqAE82-dMOxvcpQ/s1600/GOOGL.png" imageanchor="1"><img alt="Google stock chart GOOGL $1000" border="0" data-original-height="650" data-original-width="1200" height="345" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgg55GWYDky4rzzKT87oYlBMHS_K1yQAW-05OYSxL0rl04p1lpkSDgvp3Ful8F7WJjfprQJaTRymvYHOK-ndDCsa-FWfEUDfbK5D-Ccd5Z9CVOK7rFTl7CN52_bqAE82-dMOxvcpQ/s640/GOOGL.png" title="Google (GOOGL) nears $1000 - chart" width="640" /></a></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">We last spoke of <b>AMZN</b> and <b>GOOGL</b> in our late April roundup of leading <a href="http://financetrends.blogspot.com/2017/04/nasdaq-6000-tech-leaders-goog-fb-nflx.html">tech stocks making new highs</a>. </span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">You can also check our 2013 post, "<a href="http://financetrends.blogspot.com/2013/10/amazon-long-term-amzn-chart-and-thoughts.html">Amazon: Long-Term <b>AMZN</b> Charts and Thoughts</a>", and revisit a time earlier in this bull market when the stock was trading near $350 a share. </span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">One of my great errors of omission (failure to act) was in <i>not</i> purchasing <b>AMZN</b> shares after writing this post. The share price continued to climb steadily (<span style="font-family: "arial" , "helvetica" , sans-serif;">in fact, it has since tripled<span style="font-family: "arial" , "helvetica" , sans-serif;">)</span></span>, confirming all the basic factors (retail dominance, AWS growth) laid out at that time. </span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Now, I am slowly retraining myself to <b>act on my analysis</b>, even when it comes to buying very "high-priced" shares such as <b>AMZN</b>, <b>PCLN</b>, etc. As I remind myself lately, you don't need to take on a<span style="font-family: "arial" , "helvetica" , sans-serif;"> very </span>large position, just buy a few shares and participate in the uptrend. </span>David Shvartsmanhttp://www.blogger.com/profile/17489057364240610202noreply@blogger.comtag:blogger.com,1999:blog-21596846.post-12693648390927499322017-04-25T17:42:00.003-05:002017-04-25T18:16:52.555-05:00Nasdaq 6,000: Tech Leaders (GOOG, FB, NFLX, AMZN) at New All-Time Highs<span style="font-family: "arial" , "helvetica" , sans-serif;">The Nasdaq Composite </span><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;">(<b>COMPQX</b>, <b>IXIC</b>)</span> topped 6,000 today, a record high for the tech-heavy index. </span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Here is an updated monthly chart (<i>click below</i>) of the Nasdaq from 1999 - 2017. You'll note that the prior dot com bubble peak of 5,132 in March 2000 was not topped until mid-2015. With this latest surge, the Nasdaq jumped over the 6k mark for the first time ever.</span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjdQTjt1WQEO0xC4BGRJuTRbjVcEVGniBCf2cBRNJqMscsrLJUMefWykkTIsWhu3piC1c5sZ0j84gHBZDSz1eFYYkXf8FRdnQii-TF44VPUqvcRCGC_bsFtHNpZHa7W5ZNplkORAQ/s1600/Nasdaq+Comp.png" imageanchor="1"><img alt="Nasdaq Composite Nasdaq 6000 6k stocks tech chart" border="0" height="346" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjdQTjt1WQEO0xC4BGRJuTRbjVcEVGniBCf2cBRNJqMscsrLJUMefWykkTIsWhu3piC1c5sZ0j84gHBZDSz1eFYYkXf8FRdnQii-TF44VPUqvcRCGC_bsFtHNpZHa7W5ZNplkORAQ/s640/Nasdaq+Comp.png" title="Nasdaq 6000: Nasdaq monthly chart, 1999-2017" width="640" /></a></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Joining the Nasdaq at new all-time highs are many of the most actively traded US tech stocks. </span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Leading tech names such as Amazon (<b>AMZN</b>), Apple (<b>APPL</b>), Facebook (<b>FB</b>), Netflix (<b>NFLX)</b>, Microsoft (<b>MSFT</b>), and Google (<b>GOOG, GOOGL</b>) are trading at, or very near, their all-time highs. See the <a href="http://finviz.com/">Finviz</a> charts below.</span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhlv1ShFNFtiWhQLxjSSMXVfpl2467HuXwBT9nfOXc-gY1hvu_qruE6HUQTFfhfzvbmrweyy62KEKScbM1iMkw-KQw1_cpnS0ioeR4p2XwtVENIIvC1-4blSJVdTehx10OAtNWkMA/s1600/AAPL+AMZN+FB+GOOG.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="" border="0" height="484" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhlv1ShFNFtiWhQLxjSSMXVfpl2467HuXwBT9nfOXc-gY1hvu_qruE6HUQTFfhfzvbmrweyy62KEKScbM1iMkw-KQw1_cpnS0ioeR4p2XwtVENIIvC1-4blSJVdTehx10OAtNWkMA/s640/AAPL+AMZN+FB+GOOG.png" title="Tech Stocks at New Highs: AAPL, AMZN, FB, NFLX, MSFT, GOOG" width="640" /></a></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Also joining the new highs parade are Tesla (<b>TSLA</b>), a tech company in the guise of a car manufacturer, payments processor Square (<b>SQ</b>), Pepsi (<b>PEP</b>), and omnipresent burger joint, <a href="https://twitter.com/FinanceTrends/status/856955129966231552">McDonald's</a> (<b>MCD</b>). </span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">So we are seeing a bullish resumption of the upward trend in US stocks. The new highs in leading tech stocks and even some big cap consumer names, like McDonald's and Pepsi, are supportive of a healthy, broader uptrend in the stock market. </span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">While many stocks are still languishing well below their highs or are busy playing catch up, these latest moves higher in tech and <a href="http://financetrends.blogspot.com/2017/04/nvidia-nvda-topping-stock-chart-review.html">chip stocks</a> are a positive sign for the market going forward.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><i><b>Subscribe</b> to<span style="font-family: "arial" , "helvetica" , sans-serif;"> <span style="font-family: "arial" , "helvetica" , sans-serif;">the</span> <a href="http://eepurl.com/bWc1xn"><span style="font-family: "arial" , "helvetica" , sans-serif;">Finance Trends N</span>e<span style="font-family: "arial" , "helvetica" , sans-serif;">wsletter</span></a></span><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"> - you'll get actionable trading ideas and valuable market insights sent to your inbox.</span> </span></i></span><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "trebuchet ms";"><span style="font-family: "arial" , "helvetica" , sans-serif;"><i><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><i><b>You can follow</b> our real-time updates on <a href="https://twitter.com/FinanceTrends">Twitter</a>.</i></span></span></span></i></span></span></span> </span></span> </span></span> </span></span></span></span></span>David Shvartsmanhttp://www.blogger.com/profile/17489057364240610202noreply@blogger.comtag:blogger.com,1999:blog-21596846.post-84766140618721394762017-04-06T13:45:00.000-05:002017-04-06T14:14:51.621-05:00NVIDIA (NVDA) Topping? Stock Chart Review<span style="font-family: "arial" , "helvetica" , sans-serif;">NVIDIA (<b>NVDA</b>) shares have struggled to regain their former highs above $120. Has this new tech leader topped out or is the stock merely catching its breath and consolidating? </span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>NVDA</b> is currently trading around $100 after falling back below its 50 day moving average<span style="font-family: "arial" , "helvetica" , sans-serif;">. The stock is currently down -6% YTD.</span> </span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEibaLA_qSZXYoz8lYc7WELlPz4JXjEI8tMK80sF4PjpPqvz57oFNnASFpKDiXPR1yGccpZaJn4cmMgZ0GomiZojvTQO8QghOrb1zy61-QoChnV2VlQQDyPxLEnkFXufBA_azeza4w/s1600/NVDA+daily.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="NVIDIA stock NVDA price chart technical analysis" border="0" height="346" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEibaLA_qSZXYoz8lYc7WELlPz4JXjEI8tMK80sF4PjpPqvz57oFNnASFpKDiXPR1yGccpZaJn4cmMgZ0GomiZojvTQO8QghOrb1zy61-QoChnV2VlQQDyPxLEnkFXufBA_azeza4w/s640/NVDA+daily.png" title="NVIDIA (NVDA) daily price chart" width="640" /></a></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">As you'll note from the chart annotations (<i>click chart to enlarge</i>), this is the second time the stock has dipped below the 50 day MA since topping out in early February. </span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">The stock made a short-term top at the end of 2016, with a bearish engulfing bar (the long red bar/candle on December 28, 2016). This down day marked the start of a brief decline, after which <b>NVDA</b> climbed back to challenge its former high. The stock failed to hold above the $120 level and quickly dropped back below its key moving averages.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;">I should note that <b>NVDA</b><span style="font-family: "arial" , "helvetica" , sans-serif;"> pulled back sharply below its 20 and 50 day MAs back in early 2016<span style="font-family: "arial" , "helvetica" , sans-serif;">. The stock soon <span style="font-family: "arial" , "helvetica" , sans-serif;">bounced back and went on t<span style="font-family: "arial" , "helvetica" , sans-serif;">o make multi-year highs as it ran from $3<span style="font-family: "arial" , "helvetica" , sans-serif;">3</span> to $120, a nearly four-fold gain in one year.</span></span></span></span></span></span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;">The question is, do we see <span style="font-family: "arial" , "helvetica" , sans-serif;">signs of a <span style="font-family: "arial" , "helvetica" , sans-serif;">renewed</span> uptrend <span style="font-family: "arial" , "helvetica" , sans-serif;">coming on the heels of the advance we've just witnessed? With <b>NVDA</b> currently sporting a $5<span style="font-family: "arial" , "helvetica" , sans-serif;">9 billion market cap and fellow chip leaders like <b>AMD</b> and <b>QCOM</b> struggling<span style="font-family: "arial" , "helvetica" , sans-serif;"> lately</span>, I will tread lightly here.</span> </span></span> </span></span></span></span></span> </span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Until I see renewed buying strength and a resumption of the upward trend, I <span style="font-family: "arial" , "helvetica" , sans-serif;">will avoid buying the stock outright<span style="font-family: "arial" , "helvetica" , sans-serif;">. <b>NVDA</b> is either in the process of <span style="font-family: "arial" , "helvetica" , sans-serif;">consolidating or entering a decline. Until I get more information, I will focus on stocks with higher potential for upside.</span></span></span> </span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">While I don't own <b>NVDA</b> as an individual stock, I do own the shares indirectly via the <a href="https://www.vaneck.com/etf/equity/smh/holdings/">semiconductor ETF, <b>SMH</b></a>. So while I'm realistic and cautious about a potential decline in <b>NVDA</b>, I'll be happy to see the stock firm up and move higher in the coming weeks. If the trend moves against me, I have a predetermined sell order (stop loss) in place </span><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;">for <b>SMH</b></span>.</span><br />
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