Shooting Star in $CCj
By Licia Leslie September 29, 2024 Hi Shoppers, Cameco Corporation (Ticker: $CCJ) has had quite a quick run up trading from $35.89 on September 6th to $49.28 on September 26th: Last Thursday’s action created the change in trend candle called the shooting star right at the top of the pitchfork. The bulls were in […]
$MS Breaking Out
By Licia Leslie September 27, 2024 Hi Shoppers, Morgan Stanley (Ticker: $MS) is breaking out and looking to trade higher: Reaching those previous highs in July takes it up to $107. Looking at next week’s calls: The 105 calls are a good deal and I bet you can make at least a buck on […]
$NVDA Primed for Next Leg Higher
By Licia Leslie September 25, 2024 Hi Shoppers, Nvidia (Ticker: $NVDA) looks primed for its next leg higher: It has broken out of that consolidation it has been trading in for the last eight days around the convergence of the 21 and the 50 day moving averages. Be sure it clears $121 and then […]
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 […]