Don’t Call Me a Suburban Housewife
Hi Shoppers, With this midterm election coming up, all I am hearing is the term “suburban housewife.” I am not so sure I like that term or to be generalized in such a way. Do I live in the suburbs? Yes. (Well, until about a month ago.) But as a city-dweller it was my biggest […]
Our Fed Whisperer
Hi Shoppers, Well, it is finally here. Today is the day of the Fed Meeting or the Federal Open Market Committee – FOMC – meeting. How much is the rate hike going to be? We all know they are raising rates, and the consensus seems to be a .75 bps. Now there is so much […]
What a Rally!
Hi Shoppers, Wow! What a rally! Right? Check out the trading range on the E-mini S&P Futures (Ticker: ES) from Thursday night to Friday: Once the Amazon earnings were released at 3:25 p.m. ET, ES sank down to $3,757 but recovered by 6 p.m. back to $3,800. Then, by Friday morning, we opened higher at […]
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 […]