Window Shopping for the Week of July 15, 2024
By Licia Leslie July 15, 2024 Hi Shoppers, I hope you are having a good day. We had a nice trade in GLD last week and our calls in WMT, which has pulled back a bit but is still holding support. Last week I said Advanced Micro Devices (Ticker: AMD) need to clear […]
Is the Market a Little Toppy Here?
By Licia Leslie July 15, 2024 Hi Shoppers, Is the market getting a little toppy here? Wednesday, Thursday and Friday brought us wide ranging days, wider than we’ve had recently. This volatility at the top of the pitchfork could be signaling a pullback in this massive rally. Check out the chart: […]
A Quick Cheap Shot in $F
By Licia Leslie July 10, 2024 Hi Shoppers, Ford (TIcker: F) has had a nice rally and traded up to resistance with a doji. You know what that means, right? It means it is ready to rollover or pullback: The doji was created on Monday and yesterday gave us confirmation. I think $F […]
Bullish Breakout in $GOOGL
By Licia Leslie July 7, 2024 Hi Shoppers, Alphabet (Ticker: GOOGL) had a great day on Friday busting out of the consolidation and closing above the median line of the pitchfork: Looks primed to trade up to $192.86 and above there possibly to $200. Remember, when a stock accelerates through a support/resistance level, […]
Hammer Time in $MU
By Licia Leslie July 3, 2024 Hi Shoppers, Monday’s price action in Micron Technology (TIcker: MU) created a beautiful hammer candle: Yesterday gave us confirmation that $MU is ready to rally. The first level of resistance is the bottom of that gap at $137.39. The Jul12 expiration calls have a nice skew, meaning […]
$SPX & $QQQ Reversal?
BY LICIA LESLIE June 30, 2024 Hi Shoppers, The $SPX and $QQQ are sporting shooting star candles, created on Friday, which could be signaling a change in trend, or a pull back from here. Check it out: After making a new all time high, the $SPX is having a hard time closing over […]
Hammer in $CELH
BY LICIA LESLIE June 28, 2024 Hi Shoppers, Celsius (Ticker: CELH) has a hammer created on Wednesday with confirmation yesterday: This is a candle that indicates a change in this downtrend. CELH looks to rally back up to $63.75. Trade Review Robinhood Markets (Ticker: HOOD) is bull flagging here and still […]
HOOD Looking Higher
BY LICIA LESLIE June 26, 2024 Hi Shoppers, After its recent pullback, Robinhood Markets (Ticker: HOOD) looks geared up to continue to rally: The stock has traded down to the bottom of the pitchfork and is showing signs of strength. Trading back up to the median line and its previous high takes it […]
NVDA Sitting at Support
BY LICIA LESLIE June 23, 2024 Hi Shoppers, Nvidia (Ticker: NVDA) traded right down to the support level I said it would on Thursday night. Now where does it go from here you ask. Here’s the chart: The red median line of the pitchfork is an important support/resistance level. On Friday, […]
Bearish Engulfing in NVDA?
BY LICIA LESLIE June 21, 2024 Hi Shoppers, Yesterday’s huge reversal in Nvidia (Ticker: NVDA) created a very large red bearish engulfing candle: This candle is telling us the bulls were in charge and carried the stock to new highs. Then suddenly it reached a price when the bulls decided to take their […]