Michael Burry Boosts Bets on China Big Tech as Stocks Rebound -- but can a rebound off the bottom stick with the new round of tariffs & trade embargoes planned?The Chinese tech stocks he bought are domestic tech stocks with effectively no money coming from america (or the rest of the world really). Baidu $Baidu(BIDU)$ and jd.com $JD.com(JD)$ theoretically would benefit from retaliatory tariffs since it would further box out competitors. However google $Alphabet(GOOG)$ is basically banned already, and JD is competing with alibaba $Alibaba(BABA)$ - Amazon
$Marathon Digital Holdings Inc(MARA)$ The Light pink lines drawn are considered Linear regression lines. I hand draw them with the first line originating from the weekly chart as a trend line that intersects with the most points possible. I then Find the upper and lower parts of that channel and extend those line forward and back in time over the chart maintaining consistent distance over time between lines.I then chart price points that have had many points of support or resistance.Bottom signal on the Linear Regression + RSI is usually when all lin reg lines are below 50 and the RSI is below 30 w/ a change to the upside on the RSI. There is also a 2 or 3 touch bounce of the RSI back into the path of the Lin Reg lines.Confirmation can be seen in
$Palantir Technologies Inc.(PLTR)$been trading this for years in the 20s, 30s up next, revs growing, new contracts coming, AI growing, just like NFLX after earnings, drops then recovers and on to new highs. Who cares if insiders sell, they have more shares and will get more. It's part of the corporate deal.
$SoFi Technologies Inc.(SOFI)$ Did today's reaction to other companies earnings make you feel any better or worse? What's your thoughts about the economy and markets in general? Personally I'm more bearish then most about economy and markets in general. My personal experience and data points seem to point to the higher likelihood of a hard landing and some corrections in the markets and certain bubbles in this economy. Home prices at record highs things expensive many struggling. Think we do for either something breaking and a quick recession or another year of some slow bleeding both on main street and wall Street. Personally think that shoulda stopped this a long time ago but hey government spending from both sides and stimulus and the pandemic
$Vertiv Holdings LLC(VRT)$ The rise of artificial intelligence (AI) is creating massive demand for new data centers, and with it demand for the companies serving the data centers.Vertiv (NYSE: VRT), one such company, easily beat quarterly expectations and its stock is up 10% as of noon ET as a result.Strong results, stronger ordersVertiv makes power management and cooling systems for data centers and communications hubs. Heat is a massive issue inside data centers and inadequate cooling can limit how fast the centers can grow.
I closed my position on JD.com. $JD.com(JD)$ I made a profit of 15.88% (even with divi).Profits earned are redistributed between TLT and GOVZ (50/50).I originally had slightly different plans from JD.com, but things changed. While JD.com has made the aforementioned gains, GOVZ has fallen over 5% and TLT has fallen over 3% since I opened the position.So nothing has fundamentally changed, and I still think JD.com has the best chance of long-term growth. However, considering how much bonds have fallen, the risk/reward no longer makes much sense to me."be safe."
$MicroStrategy(MSTR)$ This stonks near bottom, but I'm thinking to cut my losses soon and rotate all into CLSK. But, if BTC recovers, this will start going up. Right now, miners are starting to move, which front runs a BTC increase.
$Coinbase Global, Inc.(COIN)$Next year Bitcoin will rise to 200,000 US dollars. With the halving of Bitcoin revenue this year and the US approval of the Discovery ETF, the bull market has begun... As Asia's financial center, Hong Kong has approved the first batch of virtual currency licenses and issued more than 20 virtual currency licenses. The issuance of fund exchange ETFs can be expected in the future...
$iShares 20+ Year Treasury Bond ETF(TLT)$ Looks like my predictions are all playing out as I accurately predicted. Bitcoin reached 90k, gold is near 2500 and sp is near 5500+. I also called the historic run on the semis and faangs. Called the collapse on financials, Chinese , oil and energy in 2022-2023. Like I said guys there’s absolutely no facts in charts, I predicted all of this before it even happened meanwhile clowns will make the call after the move. I increased my gold to 2750 and SP to 6000+, I’m calling bitcoin to 48k ahead. Be patient and let things play out
$Apple(AAPL)$In a technical analysis forecast that could signal a turnaround for Apple Inc., the charts are indicating a potential shift in momentum. The falling wedge pattern observed is suggesting a consolidation phase that could prelude a bullish reversal, aligning with the optimism surrounding the company's innovative trajectory.Technical analysts are eyeing a target of $180 by July 24, 2024, a notable ascent from its current position. This anticipated recovery to the $180 threshold represents a significant price movement for investors closely monitoring Apple's performance metrics.In the near term, traders and investors alike will be watching for signs of strength as the stock navigates through its current technical