WFC Revisited
BY LICIA LESLIE August 27, 2023 Hi Shoppers, As Fitch was downgrading the US debt, here at Option Pit we were giving out our best trade ideas regarding the news and the next move the market would make. I told my Option Shoppers on August 2nd that Wells Fargo (Ticker: WFC) was rolling over and […]
From $.20 to $1.00
BY LICIA LESLIE August 25, 2023 Hi Shoppers, I watch the market all day everyday. And on certain days you can get a feel for where the market may be heading. I like to watch the five minute candles throughout the day and I place my support and resistance levels where I see the market […]
Bullish Divergence in HON
BY LICIA LESLIE August 23, 2023 Hey Shoppers, It is quite possible Honeywell (Ticker: HON) is experiencing a bullish divergence. Check it out: HON traded lower but the RSI had a higher lower. The stock is in the middle of my pitchfork, but it did trade down and has so far honored the support of […]
MRK Bull Flag
BY LICIA LESLIE August 20, 2023 Hi Shoppers, I think it is quite possible Merck (Ticker: MRK) could be consolidating or bull flagging here: A bull (bear) flag occurs when a stock is in a trend and it pauses for some time to consolidate gearing up for its next leg into the continued trend. It […]
New Look at AAPL
BY LICIA LESLIE August 18, 2023 Hey Shoppers, I’ve been writing about Apple (Ticker: AAPL) and how we needed to watch it trade away from the $177-$179 area. Here’s the pitchfork: AAPL had been coiling and creating a bear flag or consolidation area before making its next leg lower. It closed at $174 yesterday. It’s […]
USO Below $72
BY LICIA LESLIE August 16, 2023 Hey Shoppers, Check out the United States Oil Fund (Ticker: USO) chart: It’s had a really nice run up since June 28th, up almost 24% at its high. USO has since pulled back and seems to be sitting at some support here. I think if it trades below $72 […]
HON Higher
BY LICIA LESLIE August 13, 2023 Hey Shoppers, The Honeywell (Ticker: HON) chart is sporting a bullish engulfing candle created on Wednesday: This candle is signaling an end to the downtrend HON has been in since July 26th. I am thinking HON could trade back up to $200. Looking […]
Watch AAPL
BY LICIA LESLIE August 11, 2023 Hi Shoppers, Remember when I talked about Apple (Ticker: AAPL) topping out and possibly rolling over? I showed you how it had reached the upper end of my pitchfork. Look here and here for the reminders. Well, AAPL is now sitting at another juncture here at $177- $178: Watch […]
BTCUSD Rally
BY LICIA LESLIE August 9, 2023 Hi Shoppers, Bitcoin (Ticker: BTCUSD) has been pretty quiet lately. Up until yesterday when it rallied $1000. Right off my support level which has held it for eight trading days: It is quite possible that BTCUSD is ready to rally from here. If it decides to test that recent […]
XOM Reversal
BY LICIA LESLIE August 6, 2023 Hi Shoppers, I thought it might be time for a little Japanese candlestick lesson. There is a perfect specimen of a possible change in trend candle in Exxon Mobil (Ticker: XOM). As you can see, XOM has been trading in a range since May 10th. […]