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 […]
GM Breakout?
BY LICIA LESLIE December 13, 2023 Hi Shoppers, Take a look at the General Motors (Ticker: GM) chart: It is consolidating just under the 200 day moving average. Watch for the stock to bust through and close above there or it may roll over and trade lower. I do not see resistance until […]
OXY Calls
BY LICIA LESLIE December 10, 2023 Hi Shoppers, I know I last wrote about Occidental Petroleum (Ticker: OXY) rallying. I did say to wait for the bullish confirmation, which we really didn’t get on Friday. OXY was up around $.60 intraday but closed up $.07. After reviewing the crude futures chart, […]
An OXY Doji?
BY LICIA LESLIE December 8, 2023 Hi Shoppers, Occidental Petroleum (Ticker: OXY) has just gotten pounded. After making a double top, the stock has traded down from $66.95 to $55.84 yesterday: The last five dollars of the eleven dollar selloff took place over the last six trading sessions. There is support here […]
AAPL to $197
BY LICIA LESLIE December 6, 2023 Hi Shoppers, After a twelve session (days) consolidation period or box range, Apple (Ticker: AAPL) has finally busted out to the upside: Looks like it is heading back to the previous high at $197 and from there $205. Next week’s calls: I think money can be made […]
IWM to $190
BY LICIA LESLIE December 3, 2023 Hi Shoppers, The formula for the head and shoulders target is the head less the neckline added to the neckline. In the case of the head and shoulders bottom formed in the Ishares Russell 2000 Index (Ticker: IWM) that would be: 176 -162 = 14 176 + […]
Next Stop $4600
BY LICIA LESLIE December 1, 2023 Hi Shoppers, Yesterday’s close kept the chart intact. Just when we thought we were in for a pull back, we rally hard into the close, right back into the consolidation or as the Japanese call it the box range. Check it out: The SPX is taking […]
ADBE Chart Analysis
BY LICIA LESLIE November 29, 2023 Hi Shoppers, Adobe (Ticker: ADBE) has broken out of a trading range it had been in since July. It is actually 50 bucks higher than the top of that range which is almost 9%: I am seeing the next resistance level in ADBE in another 50 bucks at $674. […]