Change in Trend in WMT
Hey Shoppers, I am seeing a change in trend in Walmart (Ticker: WMT). After having a really nice run to the upside from $145 to $158 in twelve trading days, Friday’s candle could be signaling a pullback. It is called a bearish engulfing candle and it is found at the top of an uptrend, takes […]
TNA is Going Higher
Hi Shoppers, If you remember, on June 9th, I made a bold prediction and said the S&P 500 was going to $4500. SPX was trading $4294. It closed yesterday at $4425. I admit I didn’t think the rally would be this quick. And looking at the chart, it looks even more bullish, at the moment. […]
An AMD Reversal
Hi Shoppers, Check out the bearish engulfing candle in Advanced Micro Devices (Ticker: AMD): Not only is it bearish engulfing but it is a very large red candle showing the stock made a big reversal on the day. This could be signaling a reversal of this massive rally of $51 in just over a month. […]
PEP Looking Bullish
Hi Shoppers, Check out the chart in Pepsi (Ticker: PEP): PEP rallied $27 off a bullish engulfing candle created on March 2nd. It topped out on a bearish engulfing candle on May 15th and has traded down to $179.33 last Thursday taking out the previous day’s low and creating a bullish engulfing candle. We have […]
A Bold Prediction
Hi Shoppers, Now I know we’ve had a really nice rally. And the consensus seems to be we will not break through that $4300 level on the S&P 500. My prediction is we bust right through that level and we trade on to $4500. If you look at the charts starting with the E-mini S&P […]
Rollover in AAPL
Hi Shoppers, The market really tried its best to trade lower yesterday. Especially early on. But it just couldn’t sell off, and the three major indices – S&P 500, Nasdaq, and Russell – all ended higher on the day. I was also watching Apple (Ticker: AAPL) as it traded lower and then came back to […]
IWM Play to the Upside
Hi Shoppers, Quite the rally last week. Tuesday and Wednesday gave us the head fake of a rollover possibility. Didn’t happen. Now it looks like the Russell 2000 (Ticker: RUT) is finally ready to participate. Take a look at the iShares Russell 2000 Index ETF (Ticker: IWM) daily chart: It has decisively busted out, to […]
How to Play Pullback in NVDA
Hi Shoppers, I have a great inexpensive way to play Nvidia Corp (Ticker: NVDA) to the downside. It’s called AXS 1.25x NVDA Bear Daily ETF (Ticker: NVDS). NVDS is much cheaper because it trades at $9.00. Looking at the calls, I like the Jun16 expiration: The 10 calls with 17 days left are only $.30. […]
Let’s Take a Look at NVDA
Hi Shoppers, Nvidia Corp (Ticker: NVDA)!! Wow! After the earnings report, the stock gapped up $79.85! That is huge. That is called a breakaway gap. There are several kinds of gaps a stock can make. The breakaway gap is a significant move away from the last closing price leaving a large price range where no […]
Watch For a KO Bounce
Hi Shoppers, Looks like a really nice doji has formed Thursday in Coca Cola (Ticker: KO): The low of the day traded right down to my support level at $60. Remember a doji can signal a change in trend and KO has been in a super quick down trend since May 15th with nine consecutive […]