Just reviewing MongoDB (MDB) performance since I posted this on 8 June 2018 - MDB stock is now up 514% since then. A good lesson in letting your winners run.RE: 2017 Stock Market thread
3 outstanding 'Software as a Service' companies announced earnings yesterday - Zscaler (ZS), MongoDB (MDB), and Okta (OKTA). All of these companies are growing like a weed.
Zscaler stock jumped 23% today!
I beleive MongoDB is the pick of the bunch. Developers love MongoDB - they have downloaded more than 30 million copies of the company's free database since 2009, and over 10 million copies in the last 12 months alone.
Mongo is disrupting traditional databases like Oracle, so the growth potential is massive if they are successful.
From their earnings :
"Over 6,600 Customers at April 30, 2018, up 83% Year-over-Year
MongoDB Atlas Revenue 14% of Total Q1 Revenue, up over 400% Year-over-Year
Revenue: Total revenue was $48.2 million, an increase of 49% year-over-year. Subscription revenue was $44.6 million, an increase of 53% year-over-year, and services revenue was $3.7 million, an increase of 14% year-over-year."
@Pointer When did you get into MGI - yesterday low or in November? I thought sub $6 looks good on the 15min & daily chart, but when you zoom out to the weekly chart YTD it looks like between 4.70 - 5.50 is a good support range and it still has a ways to relax into the MA. There's def potential here, I just get a bit freaked out coming in so late to the move on these sort of stocks. Early Oct was the "safer" entry. I always ask myself - if I was already in the trade, what would I be doing right now? On this chart I can't tell if my answer would be take profits, or add on the pullback.
Edit: forgot to add - if you look at MGI, MARA, RIOT all at the same time, they all have identical setups. Zoom out on the 5yr and this reminds me of when I was very actively trading in 2017. There is big money to be made right now on these, but also, the moves will come FAST with big changes on the bid/ask. Just a warning to anyone reading who might dive in. Price history looks like this is a big repeat of previous years action, if it plays out to the upside a bit longer.
I am waiting to see how many comorbidity Veterans the VA knocks off with the dubious mRNA vaccines multiple FDA and CDC documented side effects - till then its hydroxychloroquine and zinc weekly preventatives.Good start if you need inspiration to build/reallocate a portfolio:
Post-COVID world recommendations, probably here to stay:
Personally, I would not invest in any COVID-19 vaccine manufacturers/distributors etc., largely for moral reasons.
I disagree. They are just going to keep printing money. The main thing you don't want to be holding is cash.The Long View and Big Picture going into 2021/2022...
We have been on an extended 11-year bull run culminating in a 2020 Covid Correction and Fed Sugar High Pump. This Bull is overdue for a nice rest (retracement) no matter if Trump gets a second Term - too many covid lockdowns caused longer-term damage especially to the small business sector that provides 45% of all jobs not to mention Airlines and Hospitality industries.
This bull will be barbequed if the Biden Lefty Looney confiscatory taxes on Heritage America for reparations to the AOC Squadsters happens - so - for that, we have our range of Fibonacci Retracements targets all interesting previous support levels. The S&P Herd trades up and down to 50s and 100s targets so though Fibs are precise the herd is not thus the (Herd) targets in brackets.
The ES1! 11-year weekly chart is approaching the 3760 Top Turn likely around Dec 31, 2021 and then an overdue ABC correction
This is the TradingView 11 Year S&P Futures continuous ES1! Weekly Chart from the 9 March 2009 weekly low of 670 to the Target Top Turn midpoint 3760 of the 3755 to 3765 Range.
Most major market corrections are in the 21%+/- range leg A with Fibonacci Retracements highlighting previous support and resistance levels:
Fib .236 = 3031 (3000) for leg A Q2-21, then leg B +450 .618 of A to 3481 (3500) Q3-21
And then leg C is the longest and most impulsive to the next possible Fib Retracements Q2-22
Fib .382 3560 (3550)
Fib .50 2215 (2200) and then worst case retracement...
Fib .618 Golden Ratio 1850 also a herd-friendly number...
Keep in mind if Trump reelected his Fed and Treasury will do all they can to keep total retrace to the Fib .318 Target - if the Biden CCP loonies blow everything up the .618 Fib retracement is likely if not the .786 retrace to 1300 as crazy as that sounds - Bottom line now is a Good Time to Preserve Gains and Go To CASH and learn how to Short S&P Eminis ESx or Micro Eminis MESx as the profits from shorting clueless Robinhoodies in this overdue ABC correction will be life-changing.
The Purple weekly ATR (20 Week SMA) or Average True Range median (most peaks) are around 80 points - a rule of thumb about the average weekly move in the Weekly S&P Futures up or down.
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Another good thing to do, if you are sure you can finance it, is to borrow money. You'll never have to pay that money back. A decade from now that loan will have inflated away into a nominal debt.