S&P 500 Pull Back?
BY LICIA LESLIE May 12, 2024 Hi Shoppers, The S&P EMini Futures (Ticker: ES1!) could not trade over my pitchfork resistance on Friday. If fact they traded right up to my parallel line and rolled lower by $30 before recovering: Friday’s price action did create a change in trend candle called a shooting […]
Revisiting AA
BY LICIA LESLIE May 10, 2024 Hi Shoppers, I am revisiting Alcoa Corporation (Ticker: AA). If you remember, I talked about the cup and handle formation that ended up pulling back right after I wrote about it. Now the stock is back up to the rim and looking ready to take that […]
MMM Looking Lower
BY LICIA LESLIE May 8, 2024 Hi Shoppers, The 3M Company (Ticker: MMM) has had a nice pop after earnings but is now losing steam. The price action created last Wednesday created a doji and the stock has been selling off ever since. Yesterday it closed below the median line: Support comes […]
GLD Dragonfly Doji
BY LICIA LESLIE May 5, 2024 Hi Shoppers, The SPDR Gold Trust ETF (Ticker: GLD) has formed a dragonfly doji on Friday: A dragonfly doji is a change in trend signaling candle and it bounced right off the parallel line. Now we need to wait for confirmation of GLD opening and trading higher […]
DAL Flying Higher
BY LICIA LESLIE May 3, 2024 Hi Shoppers, Delta (Ticker: DAL) has been on a nice run: DAL looks ready for its next leg higher carrying it up through that channel to $54 and possibly $57. The May17 52 calls looks fairly priced to me: Use a close below $50 as your stop […]
IBM Looking Lower
BY LICIA LESLIE May 1, 2024 Hi Shoppers, International Business Machines (Ticker: IBM) was slammed after its earnings report and the stock traded down right to my pitchfork support level: IBM is consolidating right here right around the red median line. There is also a support level in this area created by the […]
Cup & Handle in USO & AA
BY LICIA LESLIE April 28, 2024 Hi Shoppers, I am seeing the cup and handle formation in the United States Oil Fund (Ticker: USO) and in Alcoa Corporation (TIcker: AA). Here is it on the weekly chart in USO: We need a close above $83.25 before going long. If it pans out, […]
A Beautiful Hammer in ENPH
BY LICIA LESLIE April 26, 2024 Hi Shoppers, Thursday’s price action has created a beautiful hammer in Enphase Energy (Ticker: ENPH) and finally closed the gap created after the last earning report on Feb07. Check it out: As you will recall, a hammer signals a possible change in trend. The stock also […]
CELH Bouncing
BY LICIA LESLIE April 24, 2024 Hi Shoppers, Celsius Holding (TIcker: CELH) is bouncing off support here: And Monday’s action created a doji candle indicating a change in this downtrend. Yesterday the stock traded higher providing confirmation. The stock can trade back up to the 50 day moving average at $78.69. […]
CLSK Bounce
BY LICIA LESLIE April 21, 2024 Hi Shoppers, I wrote about options on the new Bitcoin ETFs and that I was bullish Bitcoin (Ticker: BTCUSD), you can read it here. I am also bullish CleanSpark (Ticker: CLSK), a Bitcoin mining company. Here’s the chart: It has bounced off the lower end of […]