An UGLY ROAD ahead for NASDAQ: $AAPL | #Apple! #ABCcorrectionAn UGLY ROAD ahead for NASDAQ: $AAPL | #Apple! #ABCcorrection
Innovation
[CSCO] Strong Tech Name Looking to break Resistance at ATHCisco, it's got the story. It's got the upcoming earnings .
Besides the technical charts showing strength, it's attractive and I'm surprised I haven't heard a lot of news coverage given earnings coming up.
CSCO 0.72% has the cloud thing going on, it's got the telecoms aspect in a digital way that integrates with its cloud and enterprise solutions. Having that sort of niche-type aspect of cloud solutions seems solid since the competition isn't coming from broader Cloud players like AMZN 0.98% , GOOGL 2.87% , MSFT 1.18% , etc.
Intensive focus on a niche-(ish?) areas in the future of tech is always a buy for me. AAPL 0.70% has been doing the same thing since the 80's without giving a damn about all the people saying that the company is dead if they don't branch out.
“People think focus means saying yes to the thing you've got to focus on. But that's not what it means at all. It means saying no to the hundred other good ideas that there are... Innovation is saying no to 1,000 things." - Steve Jobs
XRPBTC - Third wave incomingFundamental events are lining up for XRP, it is absorbing a lot of attention from the banking industry. Mid July is an important period for XRP.
Rialto.ai will start it's crowdsale on july 15th, the pre-ico starts on july 1st.
Death Slide - Lack of innovation?This is what happens when there is no culture of innovation, a slow death slide. This is the MONTHLY chart of Sears -- who at one time was the nation's largest retailer during my grandparents generation.
Now they are forced to sell off their primary assets to buy more time to try to stay on life support.
$SHLD never recovered from their May 2007 high, 10 years later, stock is down almost 96%... ouch!
Revenue: 23.39B
Net Income: -2.194B
Book value: -31.59 (that's less than zero)
SCTY RIDDING ITS RESISTANCE LINENASDAQ:SCTY is running its resistance line at 27.36. While it does seem to be also following its channel. With both trends in mind I would say SCTY may fall tomorrow, but still follow its resistance line until August 1st. It may start to increase slightly and then fall.
Technology Breakthroughs and the DOW at 40kOver the years we've seen consumer adoption of breakthrough technology spur huge economic growth. We saw it with the radio (~1920), the TV (~1948), and the PC (~1982).
If you go to Silicon Valley today, you will see people paying for coffee in Bitcoin, cars driving themselves, VR becoming common at home. You'll hear talk of CRISPR, and how it can be used to immunize humans retroactively from previously incurable viruses, or edit mutated cancer genes in real-time. And maybe you've heard of a guy named Elon Musk.
The internet has matured, and the unprecedented technology that it has grown will be coming to market over the next 5 years. This is not like anything we've seen before.
Though we'll likely see a dip, the long term growth will be explosive.
Hold onto your butts.
