Essex Property saw its stock price drop to as low as $176 during 2020’s Covid selloff. From the October 2019 all-time high of $334, that was a 47.3% total decline in less than five months. Fast-forward to today, it feels as if 2020 was just a bad dream. The stock is hovering around $307 right…
Cathie Wood’s ARK to Add 40% Before Turning South
In the twelve months between the Covid crash bottom in March 2020 and February 2021, the ARK Innovation ETF returned 385%. Bold bets on disruptive and promising, yet still money-losing companies turned fund manager Cathie Wood into an investing superstar. However, after the fund’s staggering surge from just $33 to nearly $160 a share, it…
Ryman Stock Can Revisit Its Covid Crash Lows
Retirement homes were hit especially hard by COVID-19. Sadly, many of their clients lost their very lives as elderly people are the most vulnerable demographic. And although New Zealand and Australia have so far dealt with the pandemic better than most, the spring of 2020 was a real nightmare for companies like Ryman Healthcare. With…
Toronto-Dominion Another Canadian Bank to be Wary Of
A few days ago we shared our bearish stance on Royal Bank of Canada. Its price chart revealed a textbook pattern that took 25 years to develop. Today, we are going to examine another one of Canada’s Big Three banks – Toronto-Dominion. The second largest bank in Canada came into existence after the merger of…
Royal Bank of Canada Looks Toppy and Dangerous
Canadian banks are known to be much more conservative than their U.S. peers. For instance, due to better lending practices, the country barely felt the 2007-2009 housing crisis. That did not prevent its stock market from collapsing in sympathy, though. The share price of the Royal Bank of Canada for example – the biggest financial…
SEI Investments is Up 80%, Can Keep Climbing
It was March 19th, 2020, and the world appeared to be coming to an end. Governments around the globe were rushing to impose lockdowns to curb the spread of COVID-19. The entire world economy was suddenly stopped in its tracks. U.S. stocks suffered their fastest fall into a bear market in history, down over 35%…
ETHUSD ‘s Bearish Elliott Wave Cycle Almost Complete
The time between May 12th and May 23rd is a period ETHUSD bulls would want to forget. The second largest cryptocurrency fell from an all-time high of $4380 to as low as $1730. While some might consider crypto to be gold 2.0, crashes like that one reveal that the space is still a wild west…
Canada Goose Elliott Wave Pattern Points North
Canada Goose stock reached its all-time high in November 2018 and has been trading below it ever since. The coronavirus selloff actually led it to a record low, erasing its entire gain as a public company. But March 2020 turned out to be a great time to buy. The share price is up 210% from…
Alteryx Stock Got Cut in Half by Elliott Wave Setup
We first wrote about Alteryx in the fall of 2020. The stock was surging after a better-than-expected Q3 revenue guidance and was quickly approaching $150 a share. With a market cap of roughly $10 billion back then, apparently it didn’t matter that this data analytics software provider was barely profitable. In the era of money…
Roku ‘s Bubble Can Keep Inflating in Fifth Wave
Last year’s coronavirus selloff dragged Roku to barely above $58 a share. At that low point, the stock was down 67% from its September 2019 high. Fortunately for its shareholders, however, Roku ‘s rebound was even more spectacular. The share price reached an all-time high of $486.72 by February 2021, up 740% in less than…
Plus500 Ready to Soar Again As Uptrend Resumes
Plus500 shareholders probably don’t like to remember the period between August 2018 and April 2019. ESMA’s new regulations hit the CFD trading industry hard and the company was no exception. Over those nine months, the stock fell 81% from 2076 to as low as 397 pence a share. But Plus500 survived and adapted to the…
Berkshire ‘s New Holding Trades in Late Fifth Wave
Berkshire Hathaway’s latest 13F filing revealed a new stake in Aon Plc. As of March 31st, Warren Buffett’s company holds 4.1 million shares of the Dublin, Ireland-based professional services firm. The position is relatively small for Berkshire’s standards, meaning it was most likely initiated by one of his two investment managers. Still, when Berkshire buys…
Bitcoin Bears Needed a Catalyst. Tesla Obliged
Tesla CEO Elon Musk announced the company would stop accepting Bitcoin as payment due to environmental concerns. The EV-maker’s Bitcoin stunt lasted for just three months, apparently the time it took for its CEO to realize how inefficient and energy-consuming BTC mining is, something we wrote about in March. The price of Bitcoin, of course,…
Visa ‘s Diagonal Pattern Can Mean a Top is Forming
Visa has been a wonder to behold almost since it went public at $17.25 in March 2008. True, the following twelve months surely must have scared many shareholders, but the ones who stayed have been generously rewarded. Since the bottom in 2009, Visa stock is up over 2000% and that is without counting the dividends.…
Harmony Coin Draws Bullish Elliott Wave Setup
Bitcoin, Ethereum, Dogecoin, you name it. There are already thousands of cryptocurrencies in existence, most of which serving no other than speculative purpose. The fact that even the big guys on Wall Street can’t resist the urge to dip their toes in the space only makes retail investors more confident. We remain skeptical. Today, however,…
