BP Breaking Out
Hi Shoppers, I think crude has more room to run on the upside. A lot of these energy stocks have already made their moves higher and are still looking bullish. British Petroleum (Ticker: BP) is just now breaking out of its trading range with a nice doji created last Thursday: It has also closed above […]
An Interesting Chart
Hi Shoppers, I have spotted a very interesting chart in Oracle (Ticker: ORCL). It has had a pretty steady rally since October and really ramped up around its earnings report. It has since pulled back. Now it’s in a place where, I think, it needs to make the decision to trade higher […]
A Double Signal
Hi Shoppers, So here is the chart with the double top and a doji: Are you able to guess the stock? That’s pretty difficult when I haven’t even given you the price. This is the Walmart (Ticker: WMT) stock chart. It closed at $157.11 yesterday creating the confirmation needed to support that change in trend […]
AAPL Rollover
Hi Shoppers, Check out my pitchfork in Apple (Ticker: AAPL): It has marched straight up after bouncing just before hitting that lowest support level on January 3rd. The top of the pitchfork is usually resistance and an area where the stock will rollover. Of course, it can also keep going and trade right on through. […]
Bitcoin Bull Flag
Hi Shoppers, Bitcoin (Ticker: BTCUSD) had a wild ride on Friday but I think the bullish looking chart is still intact. I am seeing a bull flag, check it out: A bull flag happens within a rally and is a pause or breather within the rally. Generally, the underlying will break out of the trading […]
Change in Trend in Gold
Hi Shoppers, Gold has just gotten completely hammered since that doji candle created on May 4th. Check out the August futures chart: Yesterday formed a hammer candlestick possibly signaling a change in this down trend. As always, wait for a confirmation today with Gold trading higher for the first hour, at least, this morning. The […]
Nice Rally
Hi Shoppers, Nice rally yesterday. I think folks were surprised by the move. The S&P 500 was up $49.59 which is a recovery of 41% of the sell off that began on June 16th. The Invesco QQQ Trust (Ticker: QQQ) also came back 40% trading up $6.15, while the Russell 2000 Index (Ticker: RUT) retraced […]
My Seven Rules for Trading
BY LICIA LESLIE Hi Shoppers, It’s that time of year, half way through, that I like to do a self check. As traders, we’re pretty much self employed. If you don’t evaluate yourself, who will? Your account balance will, that’s for sure. Before it comes to that, take an […]
RMBS Fills the Gap
Hi Shoppers, Rambus (Ticker: RMBS) has been rallying since last July. The rally started on July 5th with the stock trading a low of $20 exactly. May 30th it traded a high of $68.54 before pulling back to $58.20 yesterday. This pullback has closed the gap created on May 25th. The general rule of thumb […]
SQ on a Breakout
Hi Shoppers, Block (Ticker: SQ) has been struggling to trade over its 200 day moving average. Yesterday it managed to close above it: I think if SQ can trade consistently over $67 it will trade back up to that resistance at $72. If you look at next week’s options, the calls have a nice little […]