It’s funny how the same contrarians who said the stock market was going to crash because it was in a bubble back in 2011, 2012, 2013, 2014, 2015, and 2016, are still saying the same thing today.
Seriously, there are no contrarians still left today that trade. This 8 year bull market has killed them all off. Even the really rich ones who had millions of dollars to trade with back in 2009 are gone.
The only place today where contrarians can make money is through internet newsletters and selling their contrarian opinions to other traders and investors.
This week’s show features commentary on Madison Square Garden stock and trading outside your comfort zone.
Help us spread the word about what stocks are hot and what’s going on in the stock market and economy. We’re reaching thousands, help us reach millions by sharing this show with your family and friends.
A horizontal channel breakout has been confirmed in Madison Square Garden stock. Large players are accumulating the stock so I’m running with the Bulls and taking a long entry myself today in this stock.
CKO Kickboxing has been growing in popularity and is now in Madison Square Garden.
Madison Square Garden stock could be like the Amazon of the sporting world. You get to invest in a little piece of CKO Kickboxing, basketball, college basketball, boxing, tennis, bull-riding, and more.
The EPS has grown by an incredible 57.39% over the past year and the EPS growth is accelerating. Based on estimates for the next 2 years, MSG will show EPS growth of 159.35% on average per year.
Madison Square Garden Stock
What a beautiful chart. Note that my pocket pivot screener did not detect any signals which I take as a sign that the stock is not over-heating from irrational exuberance. The Effective Volume study shows large players are accumulating Madison Square Garden stock and the Twiggs Money Flow confirms that accumulation.
The entry doesn’t look very good right here but I consider the long horizontal channel as an energy field where energy was building and then POW! We have the breakout. I’m going against my New Year’s resolution to not chase, and I’m going to chase this stock higher.
UPDATE: The stock did in fact form a pocket pivot signal on July 20, 2017.