How Low Can They Go?
BY LICIA LESLIE January 14, 2024 Hi Shoppers, After this massive reversal, where does Bitcoin (Ticker: BTCUSD) go from here? I am writing this Saturday morning and you will receive it sometime on Sunday. We are closed Monday so by Tuesday, as BTCUSD trades nonstop, we will have much more information on […]
Bitcoin’s High Wave Candles
BY LICIA LESLIE January 12, 2024 Hi Shoppers, The price action in Bitcoin (Ticker: BTCUSD) has formed a candle formation that the Japanese call High Wave candles for the last three days. These are created by a small real body which is the colored part of the candle created by the difference between […]
Where is This Market Going?
BY LICIA LESLIE January 10, 2024 Hi Shoppers, After the massive rally we had on Monday, Tuesday brought us an inside day. What does that mean? Well, according to the Japanese Candlestick system, yesterday’s inside day could possibly be a harami candle. Harami means pregnant in Japanese. The candle combined […]
Bull Flag in JNJ
BY LICIA LESLIE January 07, 2024 Hi Shoppers, Johnson & Johnson (Ticker: JNJ) has closed above the 200 day moving average four days now. It is now bull flagging: JNJ looks primed to rally to $165-$166. Shopping for options: I like the Jan19 162.50 calls. With JNJ at $165, these calls will […]
Play the Pullback in SPY
BY LICIA LESLIE January 05, 2024 Hi Shoppers, I have $470 as a support, now new resistance, in SPDR S&P 500 ETF (Ticker: SPY) which has definitively closed below yesterday: SPY looks clear to trade down to $459.50. Shopping for puts: I like the Jan19 467/457 put spread for around $2.50. Use […]
Your Pep Talk
BY LICIA LESLIE January 03, 2024 Hi Shoppers, Walmart (Ticker: WMT) has closed over the resistance level caused by that huge gap created on November 16th: It has also cleared the 50 day moving average (yellow line). I think WMT will rally from here to at least $163.80 and then $165.50. I like the Jan19 […]
GM Bust A Move
BY LICIA LESLIE December 22, 2023 Hi Shoppers, Remember back on December 13th I told General Motors was ready to trade higher? It was trading $33.50 at the time and two days later it traded $36.32. Now off that bullish candle it has been flagging, consolidating or as the Japanese say forming […]
WMT Ready to Rally
BY LICIA LESLIE December 20, 2023 Hi Shoppers, After being slammed after their earnings report and then enduring a further selloff, Walmart (Ticker: WMT) may be ready to rally. It has closed above my pretty decent old support/new resistance level (blue line) and the 200 day moving average at $155.09. The next stop for […]
Double Tops or Spinning Tops?
BY LICIA LESLIE December 17, 2023 Hi Shoppers, The S&P 500 Mini Futures (Ticker: ES), Invesco QQQ Trust (Ticker: QQQ) and Apple (Ticker: AAPL) are all at double tops here. When we zoom in on each of these charts there is more going on. ES has two spinning tops off the very […]
Now That’s a Rally!
BY LICIA LESLIE December 15, 2023 Hi Shoppers, Jerome Powell has caused quite the rally. The S&P 500 Mini Futures are looking like they may be consolidating here before taking that next leg higher. The last consolidation took twelve sessions but look at that move after: If we open and trade higher […]