BABA; how high can it fly?

BABA surpassed all my original price targets for a larger top, which were way back at the $115-$118 zone in May. It’s obviously up another 50+% since… Hence, why I always say I am wrong till proven right and this one has particularly made a very unexpected run higher. Since my partner at NorthPost Partners…

FB update: one more wave up underway

In my previous updates on Facebook (FB), see here and here, I thought a larger top was struck at around $155, but I was wrong. Yes, we all are wrong till the market proofs us right; and what we then have to do is to see where we went wrong so we can get better…

Facebook (FB) reached $155 target: What’s next?

Last week I showed that Facebook (FB) would reach around $155 and start correcting from there: see here. On Friday it reached $155.54 and dropped 5.8% intra-day, to end the day down 3.28%. It’s largest intra-day drop since November 2016. To illustrate: if you’d bought FB late-April your gains would effectively be $0… So much…

FB update: close to a significant top?

Like the rest of the market and many other stocks, Facebook (FB) has been on a tear over the past months. But, nothing goes up (or down) for ever. Using Elliott Wave we can determine with often great accuracy where a stock is: is there still upside left or not? What we find is that…

Starbucks (SBUX): Should you buy the upcoming correction?

One of the nation’s favorite coffee brewer’s stock, SBUX, has been on a tear lately rallying almost 18% off it’s low made in early November of this year. However, all good things come to an end and also for SBUX we see a larger correction coming, which we believe should be bought. Why? For those…