Quote of The Day "Life is about choices. Some we regret, some we're proud of. Some will haunt us forever... We are what we choose to be." --Graham Brown |
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| Buyers came in strong on Monday and held sway for most of the week..
SPX Daily |
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ES 15 Minute Chart As of 8 June 2018 |
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Summer Of TAOST BiasWould you be happy with +50% for the week?
Click the image below to watch a video recap of today's/this week's Summer of TAOST Bias results. |
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| Bitcoin If you're waiting for a good long entry in Bitcoin, keep waiting. Last week was modestly bullish, but the overriding near term sentiment is negative. It feels like it wants to test the support level at the horizontal line below.
If you have 'em, hold 'em (assuming you're in for the "long haul"). If you're not in, wait... there's still time. |
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Today's TAOST Stalk Candidate
I've loved Live Nation Entertainment [LYV] long time... as a stock anyway.
I've known about the company for years as a good friend of mine worked there in the mid 2000s.
I noticed the change in the winds in the stock in late 2013.
It's 1 of the few instances that the prevailing fundamental trends drove/continue to drive my thinking about a stock.
It used to be that music artists toured to support/generate record sales.
No more...
Now artists make records and videos to grow their audience and create built in concert ticket buyers.
And LYV still supports and exploits that better than virtually anyone.
The stock looks set to push to new highs, so if you see your setup, feel free to join the party. |
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As always, make up your own mind and mind your risk no matter what you do.
KIS,
The Trader
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P.S. Was this email forwarded to you? Get your own free ticket to the party here.
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Copyright The Art of Simple Trading, LLC 2018 All Rights Reserved |
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