Is SHOP Topped Out?
BY LICIA LESLIE November 26, 2023 Hi Shoppers, Shopify (Ticker: SHOP) has had a huge rally and is trading up to its previous high back in July. Wednesday’s action has created a nice looking doji: Looks like the stock has possibly topped out here. As always, wait for a down day to confirm […]
FTNT Closing the Gap
BY LICIA LESLIE November 24, 2023 Hi Shoppers, Fortinet (Ticker: FTNT) looks like it is on its way to closing that wide gap created at the earnings announcement: That would take the stock up to $57. I like the calls expiring Dec08: The 53 calls with an implied volatility of 25 aren’t a […]
AAPL at a Crossroads
BY LICIA LESLIE November 19, 2023 Hi Shoppers, Apple (Ticker: AAPL) has made it up to my target price of $190.85: On Monday it looked like it was ready to breakout on to its next leg higher to $197. Then yesterday, it decided to come back and test this support/resistance level, which stocks […]
IWM to $182
BY LICIA LESLIE November 19, 2023 Hi Shoppers, IShares Russell 2000 Index (Ticker: IWM) has bounced off the downward sloping trendline that it has broken out of: I believe it is on its way back to the 200 day moving average at $182 (turquoise line). I am looking at the calls expiring Wednesday […]
SPY to $453
BY LICIA LESLIE November 17, 2023 Hi Shoppers, I am thinking the SPDR S&P 500 (Ticker: SPY) gapped up on Tuesday and has been hanging out in this area the last two days. It could be gearing up for that next leg higher to $453.50: If SPY opens and trades higher I will […]
Head and Shoulders Bottom in IWM
BY LICIA LESLIE November 15, 2023 That was a face ripper, right? S&P 500 (Ticker: SPX) gapped open 47 points and never looked back. The high was $4508, up 97 points! Check out this bottom forming pattern in the Emini Russell 2000 Index: See that? It is a head shoulders pattern signaling the bottom of […]
Back on Track to $4500
BY LICIA LESLIE November 12, 2023 Hi Shoppers, On Wednesday I talked about the runaway gaps in the S&P 500 , how that was a bullish signal, and that we are heading to $4500. Then on Thursday we had a terrible bond auction sparking an ugly selloff which looked like it was the beginning […]
RCL Bearish Engulfing
BY LICIA LESLIE November 8, 2023 Hi Shoppers, Royal Caribbean Cruises (Ticker: RCL) has rallied half way back from its selloff: Yesterday’s action has created a bearish engulfing candle which could be signaling an end to this rally. Looks like RCL can pull back to $90 and possibly $85. Let’s shop for […]
S&P Higher & Crude Lower
BY LICIA LESLIE November 8, 2023 Hi Shoppers, Looks to me like the market is pausing for its next leg higher: Here is the chart of the Emini S&P 500 Dec Futures Contract: I think ES is on its way to $4500. Did you see oil? Here is the chart of the […]
Old Resistance = New Support
BY LICIA LESLIE November 5, 2023 Hi Shoppers, Medtronic (Ticker: MDT) has had a nice little run higher. Friday it closed just over the 21 day moving average but … look at the candle it created: It could be a doji which may be signaling a change in this little uptrend. Or it may not. […]