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 […]
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 […]