Do You Know Volatility?
Hi Shoppers, Cleveland Cliffs (Ticker: CLF) has had a really nice rally, trading up 82% since Nov. 3. That’s huge! I think there may be what looks like a beautiful doji at the top of this uptrend created yesterday: I will be looking for CLF to trade lower this morning. If it does for at […]
A Cup and Handle Forming?
Hi Shoppers, Here are the other two major index charts showing the signs of a possible cup and handle formation. Invesco QQQ Trust (Ticker: QQQ): IShares Russell 2000 Index (Ticker: IWM): IWM has been leading the market lately and looks to have completed the cup formation. This is the one to watch for that […]
Have You Been Paying Attention?
Hi Shoppers, We may be due for a pull back here. The S&P 500 (Ticker: SPX) and SPDR S&P 500 (Ticker: SPY) traded up and over the 200 day moving average yesterday, but just couldn’t manage to close over it. Remember, the close on the chart is much more important than the intraday prices. The […]
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 […]