NVDA Overdone or Going Lower?
By Licia Leslie January 8, 2025 Hi Shoppers, After a very nice three day rally, Nvidia (Ticker: NVDA) made a major reversal taking it down 6% creating a large bearish candle: It closed right on support of the median line and the 50 day moving average. So this morning I will be watching for […]
Key Support in SPX
By Licia Leslie January 5, 2025 Hi Shoppers, Even though Friday felt pretty bullish, there is a key support level we need to watch in the S&P 500 Index (Ticker: SPX). There is a possible head and shoulders pattern developing in the SPX which could be denoting the top is in and we […]
Change in Trend in BAC?
By Licia Leslie December 22, 2024 Hi Shoppers, Bank of America (Ticker: BAC) has a possible bullish engulfing candle denoting a change in this downtrend: And it coincides with the support of my pitchfork. Now as always, we wait for the confirmation of BAC trading higher, $44.66, for at least an hour on Monday […]
Where Are We Going From Here?
By Licia Leslie December 20, 2024 Hi Shoppers, Here is my chart for the S&P 500 Index (Ticker: SPX): The low both yesterday and Wednesday is right at the top of the gap created the day after the election which was also the low of the last pull back in November. That is some […]
Head and Shoulders in NVDA?
By Licia Leslie December 18, 2024 Hi Shoppers, I think there may be a head and shoulders pattern that has developed in Nvidia (Ticker: NVDA): Yesterday it traded and closed below the neckline which is at $132.19 and the MACD has turned bearish. Using the formula, this will take NVDA down to $115. […]
Highwave Doji in QQQ
By Licia Leslie December 15, 2024 Hi Shoppers, Friday’s action created a highwave doji in the Invesco QQQ Trust (Ticker: QQQ) just below the median line (resistance): This candle represents mass confusion. Neither the bulls nor the bears are in charge here which is denoted by the nonexistent real body; the opening and […]
We Are Back at $6050
By Licia Leslie December 13, 2024 Hi Shoppers, The S&P 500 Index (Ticker: SPX) blew through my resistance at $6050 but has since come back down to retest it. A very important charting rule: old resistance equals new support. Which is where we are now. Again, watch your five minute chart […]
SPX Pull Back
By Licia Leslie December 11, 2024 Hi Shoppers, We have reached the top of my pitchfork in the S&P 500 (Ticker: SPX) and we are beginning to roll over: I think we will trade down to $6000 and possibly $5944. Watch SPX this morning retest $6050, fail and trade lower. Once I see this […]
DOCS Has More Room to Run Higher
By Licia Leslie December 8, 2024 Hi Shoppers, We had a nice win in Doximity (Ticker: DOCS) and I think the stock will trade higher. It has cleared its most recent highs and has an 80% chance of trading to the top of the channel. Check it out: That would take it […]
Highwave Doji Signals Mass Confusion in BTCUSD
By Licia Leslie December 6, 2024 Hi Shoppers, Well, it has finally happened, Bitcoin (Ticker: BTCUSD) traded $100,000. It immediately, within 30 minutes, popped up to $104,000. Here is the five minute chart: It didn’t last long as it made a complete reversal trading all the way down to $92,055, my pitchfork […]