We Are Going Higher in the S&P
BY LICIA LESLIE March 1, 2024 Hi Shoppers, After our little mini pull back, I believe we are trading higher from here: Here is the S&P Mini SPX (Ticker: XSP) chart. We have a couple days of spinning tops which I think are gathering steam for our next leg higher. According to […]
AAPL Honors Support, Again
BY LICIA LESLIE February 28, 2024 Hi Shoppers, Apple (TIcker: AAPL) is really trying to get off the mat. It has again revisited and traded below the support level of $181. APPL did manage to close above that support, which is most important for honoring that support. Yesterday’s action created a […]
Playing COST Higher
BY LICIA LESLIE February 25, 2024 Hi Shoppers, Costco (TIcker: COST) is my choice for a mega stock. It has been honoring the uptrend line support since October 27, 2023. I believe COST longer term will trade $774 and then $840. Looking at the calls expiring Apr 19th: I like the 750/780/810 call […]
How to Play This Rally
BY LICIA LESLIE February 23, 2024 Hi Shoppers, Holy Shitake!! That’s what Andrew would say. But seriously, what a move. The S&P 500 (Ticker: SPX) was up over 2%, Invesco QQQ Trust (Ticker: QQQ) up almost 3% (thanks NVDA +16%), and the iShares Russell 2000 (Ticker: IWM), not feeling the love […]
APPL Doji at Support
BY LICIA LESLIE February 21, 2024 Hi Shoppers, Apple (Ticker: AAPL) is sitting on support that it has bounced off of three times now. Yesterday’s action created a doji which is a Japanese candle that signals a change in trend. AAPL has been trending lower and this is possibly a signal that […]
CCJ Doji
BY LICIA LESLIE February 18, 2024 Hi Shoppers, Cameco Corporation (Ticker: CCJ) has bounced off support with a very nice doji candle: We have confirmation as it is beginning to trade higher. I like the Mar01 43 calls. CCJ next resistance level is $45.32. Use a close below $41.25 as your stop […]
XLF Breaking Out
BY LICIA LESLIE February 16, 2024 Hi Shoppers, The SPDR Select Sector Fund – Financial (Ticker: XLF) has been trading in the box range, meaning it has been consolidating since January 30th. Yesterday it broke out to the upside: Now I do have some resistance on yesterday’s high so we want to watch […]
TLT Breaks Support
BY LICIA LESLIE February 14, 2024 Hi Shoppers, The IShares 20 Year Treasury Bond ETF (TIcker: TLT) has closed below significant support at $93.45: There is also a thin zone on the volume profile on the left. Support doesn’t come in until $89.70. Shopping for puts, I like next week’s 92 puts: […]
CVX Looking Lower
BY LICIA LESLIE February 11, 2024 Hi Shoppers, Chevron (Ticker: CVX) has an interesting chart: The stock traded a high of $155.32 on Friday to tap the 200 day moving average at $155.33 and just roll over creating a large bearish engulfing candle. There is also formidable resistance at that level. CVX looks […]
Bitcoin Breakout
BY LICIA LESLIE February 9, 2024 Hi Shoppers, Bitcoin (Ticker: BTCUSD) is on a tear. Next stop $48,150. Check out the calls in ProShares Bitcoin (Ticker: BITO): I think money will be made on next week’s 22 calls. Trade Review Tesla (Ticker: TSLA) is higher and still looking bullish to $196. […]