HRB Gives Tape Reading Lesson GRPN Tanks After Earnings

HRB Gives Tape Reading Lesson GRPN Tanks After Earnings

Hello and welcome back to Smart Money Alerts for Wednesday February 19, 2020.

The stock market is starting to show indecision by way of "melted candlesticks." (Small body candles)

Without making light of the subject, the impact of coronavirus seems to have slowed. Which means we can get back to buying dips with conviction.

In today's video we review 7 stocks and the potential trades on the table. About 7 weeks ago we called a bottom in CRWD when we spotted old-fashioned accumulation. Which is heavy volume during a consolidation, after a prolonged down trend.

We're revising the stock today because there's still profit potential on the table.

The second stock for today is W. 

It's providing a new trade on the short side similar to yesterday's trade in NFLX. Short selling a strong tape typically does not bear fruit but W is resting on major support. If the stock breaks there's a solid reward for accepting the risk.

And finally we have a great lesson in tape reading in the stock HRB. I walk you through how to build better arguments for your trades by putting more pieces into your trade idea than simply "the stock broke out."

Enjoy today's video and let me know if you have any questions. [email protected]

Have a great day!

Pete

FL PhD who made $325,317 this year shares his story

A PhD who lives on an island off the coast of Florida has stepped forward to reveal how he made over $300,000 thanks to a rare phenomenon happening in the stock market right now.

He’s urging Americans to act while this extraordinary event is still in motion: “Missing out on what’s about to happen is going to be a huge source of regret in the months ahead.”

Click here to see his urgent message.

HRB Block HR Inc Stock Chart 2.19-20

HRB Block HR Inc Stock Chart 2.19-20

Groupon Plunges After Missing Estimates, Announcing Overhaul

Groupon Inc. plummeted as much as 26% in late trading after delivering worse-than-expected results and announcing plans to stop selling goods — a retreat for a company that once aspired to be a major shopping service.

Earnings declined to 7 cents a share last quarter, excluding some items, Groupon said on Tuesday. That missed even the most pessimistic Wall Street estimate. Sales also fell dramatically short of projections.

Read More: bloomberg.com/groupon

Here’s how one trader is hedging against selling pressure in the market

There’s a rotation happening in the market that’s got Ascent Wealth Partners’ Todd Gordon eyeing a bond play.

“One, I want to protect the gains that we’ve been building in our portfolio here, [and] I also want to acknowledge that we’re seeing a rotation back into sectors that generally respond to lower interest rates,” he said Tuesday on CNBC’s “Trading Nation.”

Read More: cnbc.com/hedge

Pete Renzulli
 

Click Here to Leave a Comment Below 2 comments
Kris Kujala - October 4, 2020

Hey, you used to write magnificent, but the last several posts have been kinda boring… I miss your great writings. Past several posts are just a little bit out of track! come on!

Reply
    Steph B - October 17, 2020

    What’s up?

    I found this article very interesting…please read!

    Do you remember the blockbuster hit film The Matrix that was released in 1999? You may not know this, but it has deep spiritual implications concerning the times we are living in and Bible prophecy.

    It tells a story of how these “agents” are trying to turn us into machines. We are closer then ever before for this to become a reality when they cause us to receive an implantable microchip in our body during a time when physical money will be no more.

    You may have seen on NBC news concerning the implantable RFID microchip that some people are getting put in their hand to make purchases, but did you know this microchip matches perfectly with prophecy in the Bible?

    “He (the false prophet who deceives many by his miracles) causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads, and that no one may buy or sell except one who has the mark or the name of the beast, or the number of his name…

    You also may have heard of the legendary number “666” that people have been speculating for possibly thousands of years on what it actually means. This article shares something I haven’t seen before, and I don’t think there could be any better explanation for what it means to calculate 666. This is no hoax. Very fascinating stuff!

    …Here is wisdom. Let him who has understanding calculate the number of the beast, for it is the number of a man: His number is 666″ (Revelation 13:16-18 NKJV).

    To see all the details showing why the Bible foretold of all these things, check out this article!

    Article: https://1.voicetruth.org

    GOD is sending out His end time warning:

    “Then a third angel followed them, saying with a loud voice, “If anyone worships the beast and his image, and receives his mark on his forehead or on his hand, he himself shall also drink of the wine of the wrath of God, which is poured out full strength into the cup of His indignation. He shall be tormented with fire and brimstone in the presence of the holy angels and in the presence of the Lamb. And the smoke of their torment ascends forever and ever; and they have no rest day or night, who worship the beast and his image, and whoever receives the mark of his name” (Revelation 14:9-11).

    In the Islamic religion they have man called the Mahdi who is known as their messiah of whom they are waiting to take the stage. There are many testimonies from people online who believe this man will be Barack Obama who is to be the biblical Antichrist based off dreams they have received. I myself have had strange dreams about him like no other person. So much so that I decided to share this information.

    He came on stage claiming to be a Christian with no affiliation to the Muslim faith…

    “In our lives, Michelle and I have been strengthened by our Christian faith. But there have been times where my faith has been questioned — by people who don’t know me — or they’ve said that I adhere to a different religion, as if that were somehow a bad thing,” – Barack Obama

    …but was later revealed by his own family members that he indeed is a devout Muslim.

    So what’s in the name? The meaning of someones name can say a lot about a person. God throughout history has given names to people that have a specific meaning tied to their lives. How about the name Barack Obama? Let us take a look at what may be hiding beneath the surface…

    “And He (Jesus) said to them (His disciples), ‘I saw Satan fall like lightning from heaven'” (Luke 10:18).

    In the Hebrew language we can uncover the meaning behind the name Barack Obama.

    Barack, also transliterated as Baraq, in Hebrew is: lightning

    baraq – Biblical definition:

    From Strongs H1299; lightning; by analogy a gleam; concretely a flashing sword: – bright, glitter (-ing, sword), lightning. (Strongs Hebrew word H1300 baraq baw-rawk’)

    Barak ‘O’bamah, The use of bamah is used to refer to the “heights” of Heaven.

    bamah – Biblical definition:

    From an unused root (meaning to be high); an elevation: – height, high place, wave. (Strongs Hebrew word H1116 bamah baw-maw’)

    The day following the election of Barack Obama (11/04/08), the winning pick 3 lotto numbers in Illinois (Obama’s home state) for 11/5/08 were 666.

    Obama was a U.S. senator for Illinois, and his zip code was 60606.

    Seek Jesus while He may be found…repent, confess and forsake your sins and trust in the savior! Jesus says we must be born again by His Holy Spirit to enter the kingdom of God…God bless!

    Reply

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