A Couple Things …
Hi Shoppers, Check out the bullish chart in Cameco Corp (TIcker: CCJ): The stock has cleared the 50-day and now the 200-day moving average. There will be some resistance at those previous highs on the way up, but I am thinking CCJ can trade back up to $31. Looking at the calls, I like going […]
Can It Be a Real Rally?
Hi Shoppers, Check out these two bullish charts. In Advanced Micro Devices (Ticker: AMD) a hammer was formed on Friday: A hammer can be found at the bottom of a downtrend and it may signal an end of that trend. Be sure to wait for the confirmation of AMD trading higher on Monday morning before […]
Do You Know Your Synthetics?
Hi Shoppers, You are one of the smart ones! And it is going to pay off. Here are the options synthetics which combine two of the three (stock, calls, puts) to create the third. Long stock = long call + short put Short stock = short call + long put Long put = long call […]
2 Events and 1 Trade Idea
Hi Shoppers, I think Verizon Communications (Ticker: VZ) is busting out and looks like clear sailing above: I think VZ is wide open to trade back up to $44.56 where the 200 day moving average comes in. Next week’s 40 calls don’t seem to be a bad deal. Draw in that mini upward trendline to […]
A Lesson For The New Year
Hi Shoppers, Friday formed a beautiful hammer in Bristol-Myers Squibb (Ticker: BMY): It’s beautiful because BMY has been on a downtrend since December 5th, trading down $10. Also, the longer the lower shadow the more powerful the hammer will be. Be sure to wait for a confirmation of BMY trading higher on Tuesday until at […]
Wanna Trade?
Hi Shoppers, Today is our last trading day for 2022. And what a wild year it has been! One of the most volatile, in fact. What does next year bring us? Very likely more of the same. They aren’t finished with interest rates just yet, so we will hang on every word that comes out […]
A Great Gift
Hi Shoppers, Wells Fargo (Ticker: WFC) has a doji candlestick created on Thursday with confirmation: Looking at the options, I like the Jan06 41 calls: I think WFC can trade back up to $42.60 and possibly $43.35 and that would double these calls. Be sure to have a plan including a stop loss level. Thanks […]
My 8 Rules for Trading
Hi Shoppers, You’ve heard of the 12 Days of Christmas … Well, get ready for my 8 Rules of Trading. Print them out. Tape them to your wall. Post them somewhere you can see them every trading day. Check them out below. 1. Stick to your trade plan. […]
We Closed the Gap!
Hi Shoppers, I am seeing possible dojis created yesterday in the major indexes which could be signaling a change in this downtrend. Here is the SPDR S&P 500 (Ticker: SPY) chart: In the Invesco QQQ Trust (Ticker: QQQ) there is a doji along with a support level: The Ishares Russell 2000 (Ticker: IWM) is not […]
Happy Times
Hi Shoppers, Check out the possible doji in Bank of America (Ticker: BAC): After trading a high of $37.85 on November 30th, BAC traded a low of $31.35 on Friday and took out the low of Thursday closing right near the opening price. I will wait for confirmation this morning of BAC trading higher. Once […]