Bulls & Bears Are in a Major Battle
By Licia Leslie March 5, 2025 Hi Shoppers, The Invesco QQQ Trust (Ticker: QQQ) needs to make a decision: It closed yesterday right on my pitchfork support but it is a high wave doji candle which means mass confusion. The bulls and bears are in a major battle here, which will prevail? Support […]
Bullish Engulfing in BKR
By Licia Leslie March 2, 2025 Hi Shoppers, Check out the possible bullish engulfing candle created in Baker Hughes (Ticker: BKR) right on support … where we like it: It has also closed over the 50 day moving average. Now all we need is confirmation and BKR will trade up to $47.53. Trade […]
Where Do We Go From Here?
By Licia Leslie February 28, 2025 Hi Shoppers, The market isn’t looking so pretty this week. Once that bull flag failed last Friday, we have gone straight down. The S&P 500 (Ticker: SPX) is down 4.2% and sitting on support with a big red candle created yesterday. Now this morning we have the […]
Dragonfly Doji in ET?
By Licia Leslie February 26, 2025 Hi Shoppers, Energy Transfer (Ticker: ET) may be sporting a dragonfly doji: Of course we won’t know until this morning with the stock trading higher as our confirmation. A dragonfly doji is found at the bottom of a downtrend and signals an end of that trend. A […]
A Change in Trend?
By Licia Leslie February 23, 2025 Hi Shoppers, I am thinking Friday’s bearish action may take us a bit lower: I will be watching for the S&P 500 (Ticker: SPX) to retest my support level at $6027 as old support is now new resistance. I think from there it can trade down to […]
Buy AAPL on the Pull Back
By Licia Leslie February 16, 2025 Hi Shoppers, Apple (Ticker: AAPL) has had a nice run, which I called by the way last Monday. Friday it zoomed through the median line and closed higher: Generally when this happens, the stock will pull back and revisit the median line before it continues its rally. […]
SPX Support
By Licia Leslie February 13, 2025 Hi Shoppers, The market started out the day gapping down on the CPI news but rallied into the end of the day: What is most important is the fact that it closed above my $6027 support level. This is a key level to watch. We close below […]
Watch NVDA
By Licia Leslie February 9, 2025 Hi Shoppers, Nvidia (Ticker: NVDA) is back up to my resistance level at $129 after testing my lowest support level on the pitchfork: A close over $131 and NVDA is well on its way to $141.88, closing the gap created on Jan27. From there the median line […]
IWM Ready to Bust Out
By Licia Leslie February 7, 2025 Hi Shoppers, My box range chart is the iShares Russell 2000 ETF (Ticker: IWM): IWM looks primed to break out to the upside over that box range and trade up to $236. Now as I said, wait for the stock to trade outside the range and in this […]
IP Is Breaking Down
By Licia Leslie February 5, 2025 Hi Shoppers, International Paper (Ticker: IP) looks primed to trade lower: It has closed below support and is now violating the median line. I think it can trade down to $52.50 and then close the gap taking it down to $47.50. I like the Feb21 53 puts: […]