ETH Bull Flag
BY LICIA LESLIE March 31, 2024 Hi Shoppers, I last wrote that Bitcoin (Ticker: BTCUSD) and ProShares Bitcoin Strategy ETF (Ticker: BITO) are both bull flagging. I am seeing the same pattern in Ethereum (Ticker: ETHUSD): Do not enter on the long side until ETHUSD breakouts out of the flag and trades above […]
Bitcoin Bull Flag
BY LICIA LESLIE March 29, 2024 Hi Shoppers, Bitcoin (Ticker: BTCUSD) is bull flagging here: If it still trading above $68,800 Monday morning, I will be shopping for ProShares Bitcoin Strategy ETF (Ticker: BITO), which is also bull flagging: Gearing up for its next leg higher up to $34.51. Looking at the calls, […]
Will NVDA Support Hold Here?
BY LICIA LESLIE March 27, 2024 Hi Shoppers, We are all aware of the meteoric rise Nvidia (Ticker: NVDA) has had since the first of the year. It has gone from $480 to $974, that’s 103% in less than three months. The day of that high turned out to be a huge reversal […]
BTCUSD Holding Support
BY LICIA LESLIE March 24, 2024 Hi Shoppers, Bitcoin (Ticker: BTCUSD) has pulled back off its all time high of $73,835 traded on March 14th. Looks to be to be building a base here as it continues to test my support level at $63,000 at the base of my pitchfork on the daily […]
SPY Resistance
BY LICIA LESLIE March 22, 2024 Hi Shoppers, I am seeing S&P 500 ETF (Ticker: SPY) resistance on yesterday’s high: I will be watching for the market to open and trade lower this morning. Once it does, I will be shopping for puts in SPY: I like the Mar28 522/517 put vertical around […]
Bullish Engulfing in DT
BY LICIA LESLIE March 20, 2024 Hi Shoppers, Dynatrace (Ticker: DT) has had quite the sell off, trading down to $45.17 off its high of $61.41 just since February 5th. The stock looks to be bouncing off my pitchfork support here and yesterday’s action created a bullish engulfing candle which could quite possibly […]
Time for TSLA Turnaround?
BY LICIA LESLIE March 17, 2024 Hi Shoppers, I am spotting what could be the signal to change this downtrend in Tesla (Ticker: TSLA). Friday’s action created a doji candle that had the bulls and bears battling it out for control of the market. The doji tells us neither side won. […]
Dragonfly Doji in URA
BY LICIA LESLIE March 15, 2024 Hi Shoppers, I am spotting a change in trend candle in the Global X Uranium ETF (Ticker: URA). Yesterday’s action created a dragonfly doji which signals a change in this downtrend and we have confirmation today with the stock trading higher. URA is also bouncing off […]
W is Busting Out of the Box
BY LICIA LESLIE March 13, 2024 Hi Shoppers, Wayfair (Ticker: W) has been trading in what the Japanese call a box range. A box range is a consolidation or coiling of the stock price in a trading range. Here it is on the chart: W is now beginning to trade to the […]
Can You Say Bearish Engulfing?
BY LICIA LESLIE March 10, 2024 Hi Shoppers, The markets made a huge reversal on Friday, being up over $30 to closing down over $30 on the S&P 500 Index (Ticker: SPX). This action created a bearish engulfing candle which may be signaling a change in this uptrend: Support from here comes in […]