BY LICIA LESLIE May 17, 2024Hi Shoppers, Intel (Ticker: INTC) looks ready to take the leap and close the gap created on April 26th: Watch for a trade over $32.26 and then it will be on its way to $34.50. I like calls expiring next week: The 32 calls seem fairly priced. Trade Review Apple (TIcker: AAPL) still looking bullish…
BY LICIA LESLIE May 15, 2024Hi Shoppers, Apple (Ticker: AAPL) has cleared the consolidation since its gap higher: Yesterday it closed over the old resistance, now new support at $186.60 and is clear to trade $200. I would like to give this time, so I am shopping for calls in the Jun21 expiration cycle: I like the 190/200…
BY LICIA LESLIE May 12, 2024https://youtu.be/26N0ZEG9aeU Thanks for Reading … See You Next Tuesday,Licia Leslie
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…
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…
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…
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…
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…
BY LICIA LESLIE May 1, 2024Hi Shoppers, International Business Machines (Ticker: IBM) was slammed after its earnings report and the stock traded down right to my pitchfork support level: IBM is consolidating right here right around the red median line. There is also a support level in this area created by the old high and a gap, which…
BY LICIA LESLIE April 28, 2024Hi Shoppers, I am seeing the cup and handle formation in the United States Oil Fund (Ticker: USO) and in Alcoa Corporation (TIcker: AA). Here is it on the weekly chart in USO: We need a close above $83.25 before going long. If it pans out, USO can trade up to $100. The top…