MSFT & AAPL Bull Flagging
Hi Shoppers, They sold off the overall market yesterday ahead of the Fed’s announcement today. There are two stocks that are setting up a bullish pattern. First one is Microsoft (Ticker: MSFT) with a bull flag: MSFT made a breakaway gap on the earnings announcement and has managed to stay at this level. It is […]
XLE at Support with a Hammer
Hi Shoppers, The Energy Select Sector (Ticker: XLE) is sitting on a support level that is also coinciding with the 200 day moving average: It also created a hammer yesterday. A hammer is found at the bottom of a down trend and could be signaling a change in that trend. I will wait for a […]
WMT Ready for a Reversal
Hi Shoppers, Yesterday, Walmart (Ticker: WMT) formed a bearish engulfing candle which is a candle that signals a change in trend. This candle is found at the top of an uptrend and completely engulfs the previous day’s candle. It shows the longs selling their position and shorts coming in to sell. WMT has resistance at […]
MARA to $14
Hi Shoppers, Bitcoin (TIcker: BTCUSD) has taken off! I think it is going to trade as high as $32,300 in the near term. Which I think will take Marathon Digital Holdings (TIcker: MARA) up to $14: Looking at the calls, I like the Apr28 expiration: Perhaps the 11.50/14 call vertical around $.70. I like that […]
Another Reversal for MU?
Hi Shoppers, Micron Technology (Ticker: MU) is once again bumping up against a major resistance level at $64: Looking more closely, yesterday’s candle could be a doji signaling a change in trend. In this case, lower: Watch for the confirmation this morning for MU to trade lower before hopping into some puts. If MU happens […]
Where Is Crude Going?
Hi Shoppers, Crude oil futures have had a breakaway gap: The futures have maintained this price level for four days now and the general rule is that it will continue higher. My next level of resistance comes in at $86.50. Thanks for Reading … See You Next Tuesday, Licia Leslie
An Options Lesson
Hi Shoppers, Just a quick lesson/reminder on your option synthetics. Options synthetics involve combining two of the three (calls, puts and stock) to synthetically create the third. Having this list below committed to memory will help make you a better trader Here they are … Long stock = long call + short put Short […]
GE Ready to Rollover?
Hi Shoppers, Have you looked at General Electric (Ticker: GE) lately? It has rallied 30 bucks since January 4th. Yesterday’s candle is looking like a bearish engulfing candle which may be signaling an end to that uptrend: I will be looking for GE to trade below that long standing uptrend line for my confirmation. Once […]
Cup & Handle Revisited
Hi Shoppers, So let’s take a look at these indices and where we are on the charts. First up is the S&P 500 (Ticker: SPX): On Friday the SPX flew through that cup rim resistance level at $4080. If we take the difference between the bottom of the cup and the rim, that is 283 […]
Crude and Gold Looking Higher
Hi Shoppers, Here are the two bull flags I am seeing. The first one is in the September contract of the Crude Oil Futures: The next level of resistance comes in at $77. The second one is in the September Gold Futures contract: The next resistance comes in at $2046.80. Trade accordingly. Thanks for Reading […]