GIS Ready to Bounce?
Hi Shoppers, General Mills (Ticker: GIS) has just gotten hammered since mid May dropping from $90 to $74: As you can see, it’s traded down to a major support level here. Yesterday’s candle could possibly be signaling a change in this trend. Here’s the close up: As always, be sure to wait for the confirmation […]
QQQ Change in Trend
Hey Shoppers, The Invesco QQQ Trust ETF (Ticker: QQQ) has a nice doji created on Friday which could possibly be signaling a change in trend in this rally. This is also displayed in the ProShares UltraPro Short QQQ 3x (Ticker: SQQQ): I am thinking SQQQ can trade up to $18.80 and possibly $20.20. Looking at […]
Hop Into BITO Calls
Hi Shoppers, Bitcoin (TIcker: BTCUSD) is breaking out over $31,000. I think there is a nice trade to play in ProShares Bitcoin (Ticker: BITO): I think it is ready to rally up $17.70 and on to $18.40 and may be even $20.80. Looking at the calls: I like the Jul28 17 calls. Trade Review […]
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 […]