XOM Shooting Star
September 6, 2023 LICIA LESLIE Hi Shoppers, The energy sector has had a really nice run. Crude oil futures have been up for eight days straight. Check it out: And look at yesterday’s candle. It’s looking like a doji and it’s up against some resistance on my pitchfork. […]
AAPL Closing the Gap
September 3, 2023 LICIA LESLIE Watch for Apple (Ticker: AAPL) to trade away from that support/resistance level at $190-$191 created by that gap on August 3rd. Here is a look at the historical volatility versus the implied volatility: The implied volatility, which is the pricing of the options, is trading at a point lower than […]
RCL Up or Down?
August 30, 2023 LICIA LESLIE Hi Shoppers, Call me crazy but I like to look at two different charts for each stock I am analyzing. It gives me two different views. And I may catch something on one chart that I missed on the other. My first chart has my pitchfork […]
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 […]