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…

The road to successful, low stress trading.

First we need to acknowledge that everybody is different and everybody will have a different trading style and different time frames in mind. Some only trade options, others only commodities, whereas you may prefer tech stocks. Bottom line is; as long as you are successful, i.e. make consistent profits, it doesn’t matter what and how…