Once Again, Where is the Support?
By Licia Leslie April 6, 2025 Hi Shoppers, Let’s take a look at the weekly chart of the S&P 500 Index (Ticker: SPX): It was a big week, to say the least. Look at the size of that big red bearish candle. We closed below the low of Aug5 at $5118, which was […]
SPX Support
By Licia Leslie April 4, 2025 Hi Shoppers, I was bullish but I was missing that downtrend line. Check it out: Had I had that resistance in there, I may not have been so bullish. Add this line to your charts. From here I am not seeing a whole lot of […]
SPX Revisited & Why I Am Bullish
By Licia Leslie April 2, 2025 Hi Shoppers, On Sunday, I told you the support level of SPX was $5522. You’re going to say, well it traded down to $5488. And you are correct. But check out where SPX opened before it traded down: Just above my support level meaning it is […]
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. […]