It Pays to Cheat … ?
Hi Shoppers, There is nothing cheap about the Gamestop (Ticker: GME) options, holy cow! Next week’s 128 calls are $.37 and 4500 of them traded yesterday! Not only do we have Roaring Kitty back, the earnings report is Tuesday. Here is the chart with my pitchfork: Yesterday’s action created a small […]
Wow! What a Rally!
BY LICIA LESLIE June 2, 2024 Hi Shoppers, Was that window dressing on the last day of the month or a sustainable rally? Let’s take a look at Friday’s action on the chart: The S&P 500 (Ticker: SPX) had an $88 reversal, not only closing on the high but well above that all […]
The Verdict Is Out
BY LICIA LESLIE May 31, 2024 Hi Shoppers, Initially after the verdict came out, Trump Media and Technology Group (Ticker: DJT) is down three bucks. Here is the chart: It closed Thursday right on the median line. This is a pivot point. The stock will either continue its trend higher to […]
MRK Heading to $122
BY LICIA LESLIE May 29, 2024 Hi Shoppers, Merck (TIcker: MRK) has broken below key support with a very large red candle: Looks to me the next stop will be $122. Shopping for options, I like the Jun21 expiration: The 126/121 put vertical looks fairly priced. Use a close above $127.50 as […]
XBI Looking Lower
BY LICIA LESLIE May 26, 2024 Hi Shoppers, The SPDR BioTech ETF (Ticker: XBI) has rejected the median line on the pitchfork and is trading lower: Once it clears the most recent lows at $88 it will trade down to $82.79. Thanks for Reading … See You Next Tuesday, Licia Leslie
Chart of the Week: S&P 500 (Ticker: SPX)
BY LICIA LESLIE May 25, 2024 https://youtu.be/LLi_qTtlVBs Thanks for Reading … See You Next Tuesday, Licia Leslie
Ford (Ticker: F) has revisited the support level
BY LICIA LESLIE May 24, 2024 Hi Shoppers, Ford (Ticker: F) has revisited the support level it has bounced off of four times since February: That support coincides with the 50 day moving average. I think F will trade $13.00 and possibly $13.75. Shopping for options, I like the Jun21 expiration: The […]
Where Will NVDA Go?
BY LICIA LESLIE May 22, 2024 Hi Shoppers, Nvidia (TIcker: NVDA) reports earnings this afternoon. We all know how the earnings reports can really make a stock move and NVDA is a mover. My pitchfork support and resistance levels are like magnets for these stock gaps. I would say in close […]
Chart of the Week: Apple Inc (Ticker: AAPL)
BY LICIA LESLIE May 12, 2024 https://youtu.be/s8NiGO6jtRQ Thanks for Reading … See You Next Tuesday, Licia Leslie
Bullish Engulfing Candle in AFRM
BY LICIA LESLIE May 19, 2024 Hi Shoppers, Affirm Holdings (Ticker: AFRM) is sporting a very bullish engulfing candle created on Friday: The stock has been honoring the support of the 200 day moving average and is now bumping up against the 50 day moving average. Watch for a close above there, $34, and […]