More Upside From Here
BY LICIA LESLIE January 21, 2024 Hi Shoppers, Wow! That was some rally. The market took off without the bonds initially. Then the bond market caught its bid and began to rally, fueling stocks even higher. Friday’s stock and bond price action has left us with some pretty interesting charts that […]
MOS Holding Support
BY LICIA LESLIE January 19, 2024 Hi Shoppers, The Mosaic Co (Ticker: MOS) looks to be bouncing off a major support level here: It has tested this support twice before going back to June 1, 2023. If MOS shows some bullish action this morning, I will be shopping for calls in the Feb02 expiration: I […]
Bitcoin Bounce?
BY LICIA LESLIE January 17, 2024 Hi Shoppers, Bitcoin (TIcker: BTCUSD) has been the quentissential “buy the rumor, sell the news” with the introduction and approval of the new eleven ETFs. It has stopped selling off and is perhaps ready to bounce from here: At the moment, BTCUSD is trying to rally and […]
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 […]