The Shooting Star
Hi Shoppers, Here is the Delta Airlines (TIcker: DAL) with a possible shooting star: I am also seeing resistance just above yesterday’s high at $35.70. It goes back to that previous high AND coincides with the 200 day moving average. I will watch for DAL to open and trade lower, and look to buy next […]
Shhh … Listen
Hi Shoppers, We have had a very nice three-day rally, with the major indexes up 6%. The charts are very interesting, as two of the three rallied right up to their 50 day moving averages (the blue line) and stopped yesterday. Check out the S&P 500 (TIcker: SPX) and SPDR S&P 500 (Ticker: SPY): The […]
One of My Favorite Recipes
Hi Shoppers, On Friday, Johnson & Johnson (Ticker: JNJ) made a big breakout: JNJ has seen lower highs and lower lows since back on June 27, when it traded $183.35 – and created a shooting star, I might add. It has traded up since the doji created on Oct. 10 and has been coiling in […]
Musk-y
Hi Shoppers, Here was my October 12th post regarding Tesla (Ticker: TSLA). I believe we may have that candle signaling a change in trend in TSLA. That candle was created yesterday. I am seeing a doji formation candle which when found at the bottom of a downtrend or at the top of an uptrend could […]
The Superfood
Hi Shoppers, In my last column I showed you a doji at the top of a nice uptrend in Merck (Ticker: MRK). It was a good thing I reminded you to wait for the confirmation before hopping into a trade. Because, sure enough, the doji did not pan out, MRK traded higher. Here is the […]
Fear the Frog
Hi Shoppers, With all this market craziness, Merck (Ticker: MRK) has had a nice rally: Coming off that down trend with a beautiful bullish engulfing candle on Sept. 22, MRK has rallied from $84.55 up to a high on Friday of $93.36. Although Thursday’s candle looks bullish, Friday has created a doji which could be […]
On a Mission
Hi Shoppers, After making a triple top at $314, Tesla (Ticker: TSLA) has been in a major downtrend. It is down $97.30 – or 31% – since Sept. 21 Going back to November 2021, it is down 48%. Where is the support? Everyone will be watching that previous low, right around $108, for the next […]
Where Would You Go?
Hi Shoppers, If you are thinking we could test the previous lows, which I think we will this week, I have a quick easy way to get short. Check out the ProShares UltraShort QQQ (Ticker: SQQQ): SQQQ closed just over $59 on Friday. I think it will test the most recent high of $61.40 and […]
Riding the Reversal
Hi Shoppers, Oil has had a nice run trading straight up since September 27th. The November Crude Oil futures are trading well above my trendline: I believe they have room to run higher. My next level of resistance comes in at just over $96. Check out the chart in United States Oil ETF (Ticker: USO): […]
Cheap Options
Hi Shoppers, Freyr Battery (Ticker: FREY) is on a breakout: I think it is heading to its previous high of $16.57 and then beyond $17.00. FREY does not have weeklies, but the Oct. 21 calls don’t look too pricey: I think the 17 calls have a good shot at becoming in the money. I would […]