Pretty Pretty Good
Hi Shoppers, On Sunday I wrote about McDonald’s (Ticker: MCD) possibly having a doji in Friday’s candle. It didn’t pan out because it did not trade lower on Monday. So, no confirmation, no trade. But check out the chart now: MCD has rallied over 14% off that doji on June 17 and yesterday’s candle looks […]
Your Powerball Rebound
Hi Shoppers, Since I have had several people from out of town ask if we were the lottery winners, I need to make the announcement: It wasn’t us! The winning ticket was sold less than seven miles from our house in Des Plaines, at a Speedway gas station for $2. The jackpot total was $1.337 […]
Time for a Cruise?
Hi Shoppers, Remember your senior trip? My class at Curie High Schoo in Chicagol had around 800 seniors, but only about 50 of us went on the school trip. It was a Caribbean cruise to Jamaica, Grand Cayman, and Cozumel. It was fabulous! I have great memories of shopping with my mom for new outfits […]
College Bound!
Hi Shoppers, Today the Fed makes its announcement of where it is going with interest rates. The market is bound to react … one way or another. Here are my charts in the major indexes with support and resistance levels. SPDR S&P 500 ETF (Ticker: SPY): I have support in SPY at $390 and then […]
Time to Toot My Horn
Hi Shoppers, If you joined us at our fabulous live event, our Trade Fest II this week, you heard me call for the markets to trade higher. That was Wednesday. And here is what we did yesterday: SPDR S&P 500 ETF (Ticker: SPY) up $4.00 or 1.01% S&P 500 (Ticker: SPX) up $39.05 or 0.99% […]
See You Later Today! (Plus A Trade Idea Now)
Hi Shoppers, I am seeing a bullish hammer with confirmation in Alibaba (Ticker: BABA): So, after trading lower off that shooting star candle on July 8 where BABA traded $125.84, it has traded down to $97.84 on July 15, which created a hammer. BABA has traded higher the last two days off that hammer. I […]
Citigroup Breakout?
Hi Shoppers, Citigroup (Ticker: C) has announced its earnings and looks like it is on a breakout to the upside: Here is my pitchfork for C, which it is following pretty well: There was massive volume on Friday’s breakout. C closed at $49.98. I am seeing the next resistance level at $52.70 and then at […]
Birthday Dinner
Hi Shoppers, I need to be brief, as it is my husband’s birthday! This is the first year I haven’t bought him a card. Is that weird? Or bad? It feels weird. We agreed not to buy cards for each other anymore. We gave up buying gifts long ago. My goodness, we sound like awful […]
Make a Move
Hey There Shoppers, OK, so Option Pit’s Bill Griffo may not have been at the Rolling Stones first concert, which took place July 12, 1962 – 60 years ago! And they are still touring (though sadly without Charlie Watts). But, I do know that Griff, Option Pit’s Head Income Trader, has been around the bond […]
Bounce in Oil?
Hi Shoppers, Oil has had quite the ride. Pretty much straight up since last summer until early June of this year. SPDR S&P Oil and Gas Exploration (Ticker: XOP) went from $70 in August 2020 to $170 on June 8. There have been twenty trading days since June 8 and XOP has only had three […]