$SPX Support Held
By Licia Leslie September 1, 2024 Hi Shoppers, I last showed you my support levels on the S&P 500 (TIcker: SPX) and sure enough they held on Friday: This is a bullish chart with resistance coming in at, you know it, $5700. We may get a little sticky at the previous all time high […]
Will $SPX Support Hold?
By Licia Leslie August 30, 2024 Hi Shoppers, We had a little sell off yesterday trading down to support on my S&P 500 (TIcker: SPX) chart: Watch the $5573 level and from there Wednesday’s low at $5561. If those support levels break we will trade back down to $5500. If support holds and […]
$PTLO Breaks Out
By Licia Leslie August 28, 2024 Hi Shoppers, Portillo’s (Ticker: PTLO) has broken out of the box range I talked about on Sunday. I believe the next stop for $PTLO is $14.37. Looking at the options, I like the Sep20 13 calls: $PTLO closed right at the 200 day moving average yesterday which is resistance […]
Box Range in $PTLO
By Licia Leslie August 25, 2024 Hi Shoppers, Portillos (TIcker: PTLO) has had a nice rally off the low and doji created on August 5th: It is now up against resistance of another pitchfork at $12.27. It has been trading in a box range for the last six days. That range is from $11.86 to […]
Double Bottom in $OXY?
By Licia Leslie August 23, 2024 Hi Shoppers, Crude has just been pounded on since the beginning of July. Here is the crude futures chart: That red median line has been visited and honored for support four times since December 2023. The futures are now testing it again for the last two days and […]
Change in Trend in TSM?
By Licia Leslie August 21, 2024 Taiwan Semiconductor (Ticker: TSM) has had a nice rally and now looks ready to rollover: Monday’s action created a hanging man candle with confirmation yesterday, I will wait for the stock to trade below $170 before going short. Once it does, I think it can trade down […]
$NVDA to $136
By Licia Leslie August 18, 2024 Hi Shoppers, Nvidia (TIcker: NVDA) has crossed over and closed above the red median line of the pitchfork two days now: I think it is heading to the next level of resistance that lines up with those previous highs at $136. There may be some resistance before that […]
AAPL Ripe for a Pullback?
By Licia Leslie August 16, 2024 Hi Shoppers, Apple (Ticker: AAPL) has been up nine days straight after bottoming on August 5th at $196: It has reached the red median line of the pitchfork and yesterday’s action may have produced a doji. A doji is a change in trend candle found at the top […]
Time to Buy Nvidia?
By Licia Leslie August 12, 2024 Hi Shoppers, The market was finally a bit tuckered out on Friday trading only a 58 point range. I still think we may need to trade $5400 – $5440 before we take our next leg lower, if we do. I do think Nvidia (TIcker: NVDA) is […]
$BAX Is Ready to Pop
By Licia Leslie August 9, 2024 Hi Shoppers, Baxter International (Ticker: BAX) is ready to take its next leg higher: It is consolidating over the old resistance now new support of $36.67. I think it can trade up to $39.10 and possibly $39.96. The 200 day moving average is sitting at $37.49 […]