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. […]
TSLA Ready to Bounce
BY LICIA LESLIE February 7, 2024 Hi Shoppers, I am seeing bullish signals in Tesla (Ticker: TSLA). Yesterday’s action created a bullish engulfing candle: A bullish engulfing candle is found at the bottom of a downtrend and may be signaling a change in that trend. The session begins with the bears still […]
SPX Hit My Target, Where to Now?
BY LICIA LESLIE February 4, 2024 Hi Shoppers, On Thursday night, went out Friday morning, I called the S&P 500 Index (Ticker: SPX) to trade $4980. The high on Friday was $4975.29, less than five bucks away, that’s .001%. So where do we go from here? There is an interesting Relative Strength […]
DAL Ready for Takeoff
BY LICIA LESLIE February 2, 2024 Hi Shoppers, Delta Airlines (Ticker: DAL) has a very interesting chart. All three of the major daily moving averages, 21, 50 and 200, are converging at the same price. Check it out: It has been consolidating just above this support for six days now. DAL […]
KR Ready to Move
BY LICIA LESLIE January 31st, 2024 Hi Shoppers, The Kroger Company (Ticker: KR) chart is looking like a lot of the charts out there: mass consolidation. The Japanese call it the Box Range. It occurs when a stock is trading in a tight range for a period of time. Generally when […]
Bitcoin Please
BY LICIA LESLIE January 28, 2024 As the BTCUSD chart is looking bullish, I will be shopping for call options in Marathon Digital Holdings (TIcker: MARA). On Friday MARA gapped higher closing right at its 50 day moving average which is a bit higher than my red median line on the pitchfork. Here […]
Crude Has Caught a Bid
BY LICIA LESLIE January 26, 2024 Hi Shoppers, Crude oil futures have been trading a range for some time now: Yesterday they finally busted out of that consolidation. You can see it on the United States Oil Fund (Ticker: USO) also: I have recommended this to my Option Shoppers today so they are already […]
A Quick Cheap Shot in MRK
BY LICIA LESLIE January 24, 2024 Hi Shoppers, Merck & Co. (Ticker: MRK) has been hammering at the resistance provided by the high of May 3, 2023. It has been consolidating and attempting to bust through it since January 9th: I think MRK is going to break through this resistance and have […]