SPX Support
By Licia Leslie March 30, 2025 Hi Shoppers, It was an ugly week if you weren’t a bear. The S&P 500 Index (Ticker: SPX) closed below a pretty significant level at $5600: Friday is the third day it has closed below there. My next support is $5522 and below there $5400. […]
AI Is Heading to $29
By Licia Leslie March 26, 2025 Hi Shoppers, Here’s an idea that could be a longer term trade. C3.ai (Ticker: AI) looks to have bottomed out: The stock has moved back up into the parallel channel and I think is primed to trade all the way back to $29. Choose longer term calls […]
ARKK is Ready to Bustout
By Licia Leslie March 23, 2025 Hi Shoppers, ARK Innovation (Ticker: ARKK) looks ready to bust out over the median line: It has just closed over the 200 day moving average on Friday. Wait for it to clear $51.83 and ride it up to $57.05 Implied volatilities (the prices of options) are finally […]
A Box Range Perhaps?
By Licia Leslie March 21, 2025 Hi Shoppers, Our follow through rally failed yesterday leaving the bulls looking for reasons to stay bullish. The S&P 500 Index (Ticker: SPX) has been honoring my pitchfork support for the last four days: Will I hang my hat on that as bullishness? Nope. We need a […]
CVNA Looking Lower
By Licia Leslie March 19, 2025 Hi Shoppers, Check out my chart on Carvana (Ticker: CVNA): If the stock clears these most recent lows and trades $163, I think it can trade down to $129.35. This stock can really move, so consider taking your money after each move and reenter riding it down. […]
You Gotta Do the Work
By Licia Leslie March 15, 2025 Hi Shoppers, You are long over due for a good quote! Thomas Fuller, remembered as a prolific and witty author said, “One that would have the fruit must climb the tree.” As traders we need to do the work. Right? Use all our tools […]
How Low Can We Go?
By Licia Leslie March 14, 2025 Hi Shoppers, The S&P 500 (Ticker: SPX) made a new recent low close yesterday: We closed below my support at $5529. This chart is not bullish. In fact it is downright bearish with these new recent lows. I think we can quickly trade down to $5405. […]
Bounce in BA?
By Licia Leslie March 12, 2025 Hi Shoppers, Boeing (Ticker: BA) had a very bullish day yesterday: Creating a bullish engulfing candle right on support. RSI has also turned back above 30 which is bullish. Of course we need follow through this morning of the stock trading higher before hopping into any calls. […]
A Pitchfork Rule
By Licia Leslie March 9, 2025 Hi Shoppers, You know how I love my pitchforks. They are easy and have very few rules. One of the major rules is if the stock doesn’t trade all the way to the furthest support/resistance level then there is an 80% chance the stock will trade […]
Where to Now QQQ?
By Licia Leslie March 7, 2025 Hi Shoppers, I do think this morning’s unemployment report will be the catalyst that will set the tone for the rest of the quarter. This market has been so confused by the uncertainty of all the news. The market hates uncertainty. The Invesco QQQ Trust […]