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May 12, 2024

S&P 500 Pull Back?

BY LICIA LESLIE May 12, 2024Hi Shoppers, The S&P EMini Futures (Ticker: ES1!) could not trade over my pitchfork resistance on Friday. If fact they traded right up to my parallel line and rolled lower by $30 before recovering: Friday’s price action did create a change in trend candle called a shooting star. If we open and trade lower…

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May 10, 2024

Revisiting AA

BY LICIA LESLIE May 10, 2024Hi Shoppers, I am revisiting Alcoa Corporation (Ticker: AA). If you remember, I talked about the cup and handle formation that ended up pulling back right after I wrote about it. Now the stock is back up to the rim and looking ready to take that next leg higher. Check out the weekly chart: Once…

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May 8, 2024

MMM Looking Lower

BY LICIA LESLIE May 8, 2024Hi Shoppers, The 3M Company (Ticker: MMM)  has had a nice pop after earnings but is now losing steam. The price action created last Wednesday created a doji and the stock has been selling off ever since. Yesterday it closed below the median line: Support comes in at $92.75 and $91.00. Use a close above…

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May 5, 2024

GLD Dragonfly Doji

BY LICIA LESLIE May 5, 2024Hi Shoppers, The SPDR Gold Trust ETF (Ticker: GLD) has formed a dragonfly doji on Friday: A dragonfly doji is a change in trend signaling candle and it bounced right off the parallel line. Now we need to wait for confirmation of GLD opening and trading higher tomorrow morning. If it does I will…

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May 3, 2024

DAL Flying Higher

BY LICIA LESLIE May 3, 2024Hi Shoppers, Delta (Ticker: DAL) has been on a nice run: DAL looks ready for its next leg higher carrying it up through that channel to $54 and possibly $57. The May17 52 calls looks fairly priced to me: Use a close below $50 as your stop loss. Then come join us at Option…

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