IncomeSharks
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Crypto and stock trader focused on fundamental analysis, trend analysis, and swing trading.
$EBAY - Adding a second entry. Still think it's got too strong of a narrative with good financials and will beat earnings in February.
The precious metals, trading cards, and new products they've been pushing out make it a clear winner in the space. Goldin auctions joining forces and going global was a strong strategic move. The PSA vault continues to gain adoption.
Even the more conservative analysts from banks have it priced in the $110 to $115 range. Taking a little bit of a risk getting exposure this late but this one feels like one that when it hits an ATH people will be wondering why they didn't take the "maps and shovel" play in a collectors trading market.
$SPY - The S&P 500 is currently on it's 6th losing week but if it bounces it might end at only 5. If it continues and go we go into the 7th losing week that has only happened 4 times in history with the last one being in 2022.
A bounce is completely normal and expected, even the 2022 fractal has us bouncing here and even coming pretty high before the next round of selling.
Might use the bounce as a time to trim some stocks
Since this is a pretty typical Turnaround Tuesday it makes sense to look to take advantage of the rally. In no way shape or form is there any indication that we just V shape reverse from here. Especially with $OIL and war stock still pushing up and economic data trending worse not better yet.