Good Times Had By All
Hi Shoppers, General Mills (Ticker: GIS) has had a nice run up since November 15th. I think it is ready for a pull back because Friday’s candle could be a doji signaling that reversal in trend: Of course, I will wait for the confirmation Monday morning watching for GIS to trade lower for a while […]
Black Friday, Gold Trade
Hi Shoppers, SPDR Gold Shares ETF (Ticker: GLD) has a bullish engulfing candle created on Wednesday: Today’s candle is confirming a possible trade higher. I also have GLD bouncing off longtime support at $161.25. I think it can trade back up to the recent high of $165.70. I like next week’s 163 calls around $1.25: […]
Happy Thanksgiving
Hi Shoppers, There is a possible double bottom and a hammer on the Lyft (Ticker: LYFT) chart: I think LYFT can trade back up to its 50 day moving average at $13.50. I will watch for a confirmation today of LYFT opening and trading higher. Looking at the LYFT calls, I like the Dec02 expiration: […]
A New Thanksgiving Sweet Potato
Hi Shoppers, A beautiful doji was created on Friday in Gap Inc (Ticker: GPS): GPS has had a nice run up from $8.00 since September 30, a doji. I think GPS can trade back down to around $11.50. Looking at the options, I like the Dec02 expiration date: I will be looking for the stock […]
Still Great Memories
Hi Shoppers, I believe there is a shooting star created in Colgate Palmolive (Ticker: CL): A shooting star can indicate a trend reversal at the top of an uptrend. I do have support at $74.75, so I will wait for the stock to trade below $74.25 or so before hopping into next week’s puts: The […]
First Griff Then FDX
Hi Shoppers, Looking at the FedEx (Ticker: FDX) chart, I think it is gearing up for a run higher: The last two days have created spinning tops and the start of a bull flag off that large green bullish candle. I think FDX is getting ready to close that gap created on September 15th which […]
A Bold Prediction
Hi Shoppers, I have a bold prediction to make. But first a quick charting lesson. The head and shoulder formation is considered one of the most powerful reversal signals in technical analysis. This formation can be found at the top or the bottom of a trend and it signals the end of that trend. This […]
Just a Trade Idea
Hi Shoppers, Looking at the Intel (Ticker: INTC) chart, it has broken out of a trading range, to the upside: INTC has definitively cleared the 50-day moving average (blue line) and has broken out of the trading range it had been in since October 31st. Looking at the calls, I like the Nov18 expiration: I […]
Is QS Ready for a Bounce?
Hi Shoppers, Quantumscape (Ticker: QS) may have formed a trend-changing doji yesterday: I am seeing a great support level at $7.62, which you can use as your stop loss, meaning if the stock trades below that level bail on your long calls. Take your loss. Looking at the calls, I like the Nov18 8 calls: […]
Open House This Week
Hi Shoppers, Many of you may be Option Shoppers – that’s what I call members of my Option Shopper program – already. But for those of you who aren’t, I’m hosting an Open House this week! That’s right, we are inviting anyone who would like to take a peek at our members-only live sessions in […]