• 526 days Will The ECB Continue To Hike Rates?
  • 527 days Forbes: Aramco Remains Largest Company In The Middle East
  • 528 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 928 days Could Crypto Overtake Traditional Investment?
  • 933 days Americans Still Quitting Jobs At Record Pace
  • 935 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 938 days Is The Dollar Too Strong?
  • 938 days Big Tech Disappoints Investors on Earnings Calls
  • 939 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 941 days China Is Quietly Trying To Distance Itself From Russia
  • 941 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 945 days Crypto Investors Won Big In 2021
  • 945 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 946 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 948 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 949 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 952 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 953 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 953 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 955 days Are NFTs About To Take Over Gaming?
readtheticker

readtheticker

readtheticker

We are financial market enthusiasts using methods expressed by the Gann, Hurst and Wyckoff with a few of our own proprietary tools. Readtheticker.com provides online…

Contact Author

  1. Home
  2. Markets
  3. Other

PriceLine and Starbucks Due for HangOver4

Passed out Santa Claus

Two magnificent winners of 2013, may have a hangover in 2014.

For the simple reason price has moved to extreme levels and valuations are stretched. Starbucks (SBUX) and Price Line (PCLN)have been great stocks to buy high and seller higher. But trends that go straight up do end.

We all know a correction of some degree is due, we may have to weight to April/May 2014, as this is the when seasonal cash is drained out of the system to pay taxes. Sell in May and go away has worked rather well over the years since 2009, and who is to say it wont work again.

Money Managers have had a great year, many stocks with green on the screen, and bonus will be handsome. Thank you Ben Bernanke, see you at the golf club!

Merry Xmas to all.

Chart showing Price Line, Starbucks and Dow Jones correction 1929 (for fun).

Priceline and Starbucks versus S&P500 and DOW Chart
Larger Image

Investing Quote...

"It is impossible here to give an adequate idea of the Law of Vibration as I apply it to the markets. However, the lay man may be able to grasp some of the principles when I state that the Law of Vibration is the fundamental law upon which wireless telegraphy, wireless telephones and phonographs are based." ~ William D Gann

"The four most dangerous words in investing are 'This time it's different'." ~ John Templeton

 

Back to homepage

Leave a comment

Leave a comment