MRK Looks Ready to Rollover
By Licia Leslie May 2, 2025 Hi Shoppers, Merck (Ticker: MRK) has traded to the top of the channel (which we took advantage of) which is resistance with a possible change in trend doji: Now we do have confirmation of the stock trading lower on Thursday but before entering into some puts we need to […]
SPX Has Cleared the Median Line
By Licia Leslie April 30, 2025 Hi Shoppers, The S&P 500 (Ticker: SPX) has cleared and closed over the median line: It has also closed that gap created on April 3rd. Now today we need to watch as the SPX may try and revisit the median line at $5537 which could become a nice […]
SPX Is Approaching the Median Line
By Licia Leslie April 27, 2025 Hi Shoppers, The S&P 500 (Ticker: SPX) is following my pitchfork famously: Now the SPX is approaching the median line which comes in at $5537. Watch for a close above or below that level. If we clear it, the top of the next channel is at $5822. […]
TEM Is Going to $59
By Licia Leslie April 25, 2025 Hi Shoppers, Tempus (Ticker: TEM) is so primed to rally: It is trading back up into the pitchfork. It has cleared its most recent highs and is ready to scream back up to $59 and then $66. How do I know? Join me this morning at […]
Pitchforks Are Amazing!
By Licia Leslie April 23, 2025 Hi Shoppers, The gold futures traded and to the top of my pitchfork before reversing selling off: That exact resistance is at $3500. But now that the futures have traded lower and bounced, I do have some resistance before that at $3422. Support at the median […]
Crude Is Finally Catching a Bid
By Licia Leslie April 20, 2025 Hi Shoppers, Crude oil futures are finally beginning to rally: Looking at the Exxon Mobil (Ticker: XOM) chart, it is rallying also: I think it has room to run up to $112.50. Use a close below $105.75 as your stop loss. Thank You For Reading … […]
I Am Still Bullish
By Licia Leslie April 19, 2025 Hi Shoppers, Here is another reason why I’ve been bullish all week. The weekly charts, both the SPX and the QQQ have bullish piercing candles last week: A bullish piercing candle is found at the bottom of a downtrend and is a change in trend candle. Now […]
Going Long Gold
By Licia Leslie April 16, 2025 Hi Shoppers, An easy way to trade gold without trading the gold futures is using the SPDR Gold Trust (Ticker:GLD): When the futures rallied 100 bucks, GLD went up $11. At the very least, I think it will trade $303. Check out the Apr28 expiration, it […]
IBM is Ready to Take Off
By Licia Leslie April 13, 2025 Hi Shoppers, Check out my chart in International Business Machines (Ticker: IBM): It is following my pitchfork famously. Now it is trading back over the median line and ready to run back up to $242.50 and then $246.75. Options aren’t cheap but you may be able to […]
BTCUSD Faring Better Than SPX
By Licia Leslie April 11, 2025 Hi Shoppers, The low of the S&P 500 Emini Futures last Sunday night at $4832 is the 50% Fibonacci retracement level taken from the rally that began in October 2022. Bitcoin (Ticker: BTCUSD) has fared a bit better currently holding the 38.2% Fibonacci retracement ($73,398) of the […]