Exhaustion Gap in $QQQ?
By Licia Leslie September 22, 2024 Hi Shoppers, We may have a possible exhaustion gap in the Invesco QQQ Trust (Ticker: QQQ). Now we need more evidence of the QQQs trading lower before we hop in. If they do keep your eye on the ProShares UltraPro Short QQQ (Ticker: SQQQ): As it trades over $8.00 […]
$BAC Ready to Pop
By Licia Leslie September 20, 2024 Hi Shoppers, Bank of America (Ticker: BAC) is ready to pop: BAC is enjoying a nice rally stopping at those most recent highs yesterday. We have a nice bullish turn on the zero line of the MACD histogram. Once it clears $41, it is clear to trade […]
Small Cap Rally?
By Licia Leslie September 18, 2024 Hi Shoppers, The mantra I keep hearing is how well the small cap stocks are going to do with lower interest rates. Perhap but let’s look at the chart: The iShares Russell 2000 ETF (Ticker: IWM) has had a nice rally since it bounced off my support […]
Cheap Calls in $XLF
By Licia Leslie September 15, 2024 Hi Shoppers, The SPDR Select Sector Fund Financial (Ticker: XLF) is rallying off a beautiful hammer created on Wednesday: That dip held the support of those previous highs in July. XLF looks to rally to $45.75. Shopping for cheap options: I like the Sep27 44.50 calls. […]
$GDX Still Glittering
By Licia Leslie September 13, 2024 Hi Shoppers, As I said, the Van Eck Gold Miners ETF (Ticker: GDX) was looking bullish and you could double your money on those calls. The calls traded up almost 200%. Here is the chart now: The stock has closed well above resistance and is looking […]
All That Glitters is $GDX
By Licia Leslie September 11, 2024 Hi Shoppers, The Van Eck Gold Miners ETF (Ticker: GDX) has the Harami candlestick pattern with confirmation: And it is bouncing off the support of the red median line. Once it clears $37.26, the 50 day moving average, I think it will trade up to $38.81. Looking […]
How Low Can We Go?
By Licia Leslie September 8, 2024 Hi Shoppers, Quite the selloff on Friday. Check out that big red bearish candle on the S&P 500 (Ticker: SPX): It actually blew through my median line support level at $5427. So you know what that means right? That means if we rally up to that […]
$XLF Looking Lower
By Licia Leslie September 6, 2024 Hi Shoppers, Check out the big red bearish candle in the SPDR Select Sector Fund Financial (Ticker: XLF) The next support level I see is $43.98 which is a dollar lower. So these puts could double: The Sep13 45 puts for under $.50 will make you some money. […]
$SPX Support Has Been Broken
By Licia Leslie September 4, 2024 Hi Shoppers, The S&P 500 (Ticker: SPX) has broken several levels of support before stopping at the gap created on August 15th: So the top of the gap and yesterday’s low will be our first level of support at $5504 – $5501 or essentially $5500. This is […]
Chart of the Week VIP: Qualcomm (Ticker: QCOM)
By Licia Leslie September 3, 2024 Chart of the Week VIP Qualcomm (Ticker: QCOM) https://vimeo.com/1004866421/d696f86d27?share=copy Thanks for Watching … See You Next Tuesday, Licia Leslie