BY LICIA LESLIE February 4, 2024Hi Shoppers, On Thursday night, went out Friday morning, I called the S&P 500 Index (Ticker: SPX) to trade $4980. The high on Friday was $4975.29, less than five bucks away, that’s .001%. So where do we go from here? There is an interesting Relative Strength Index or RSI pattern happening. Let me show you. The Relative Strength…
BY LICIA LESLIE February 2, 2024Hi Shoppers, Delta Airlines (Ticker: DAL) has a very interesting chart. All three of the major daily moving averages, 21, 50 and 200, are converging at the same price. Check it out: It has been consolidating just above this support for six days now. DAL is ready to bust out to the upside and trade…
BY LICIA LESLIE January 31st, 2024Hi Shoppers, The Kroger Company (Ticker: KR) chart is looking like a lot of the charts out there: mass consolidation. The Japanese call it the Box Range. It occurs when a stock is trading in a tight range for a period of time. Generally when a stock creates this pattern, the move outside the box…
BY LICIA LESLIE January 28, 2024As the BTCUSD chart is looking bullish, I will be shopping for call options in Marathon Digital Holdings (TIcker: MARA). On Friday MARA gapped higher closing right at its 50 day moving average which is a bit higher than my red median line on the pitchfork. Here is the 50 day moving average:…
BY LICIA LESLIE January 26, 2024Hi Shoppers, Crude oil futures have been trading a range for some time now: Yesterday they finally busted out of that consolidation.You can see it on the United States Oil Fund (Ticker: USO) also: I have recommended this to my Option Shoppers today so they are already in at a better level. But…
BY LICIA LESLIE January 24, 2024 Hi Shoppers, Merck & Co. (Ticker: MRK) has been hammering at the resistance provided by the high of May 3, 2023. It has been consolidating and attempting to bust through it since January 9th: I think MRK is going to break through this resistance and have a nice rally trading up to $123 by…