China, China, China!
Hi Shoppers, This market really does seem unstoppable. My goodness, what a rally after the slight pullback on Thursday. (That I called the day before!) Couldn’t hold this market down, though. I personally think a “healthy” market has to have a few downticks. It gets scary when something just keeps trading higher and higher, without […]
Who is in Charge?
Hi Shoppers, Chinese stocks took a beating yesterday, but this Chinese stock, NIO (Ticker: NIO), managed to maintain its uptrend line: If NIO can continue to honor this trend line today, I will buy the July 16 50-strike calls with an implied volatility of 62.99 and sell the 55 calls with an IV of 71.36. […]
My LUV of Country
Hey there Shoppers, O say can you see … The daily chart of Southwest Airlines (Ticker: LUV): I am seeing a change in trend with a doji and the confirmation of the stock trading higher over the past few days. LUV has been trending lower since its high of $64.75 on April 14. But I […]
Don’t Fear the SPY Downturn
Hi Shoppers, Let me show you what I am seeing on the SPDR S&P 500 (Ticker: SPY): There is a possible doji in yesterday’s candle formation. This could be signaling a reversal from this rally since the low of $414.70 on June 18th. I think the SPY could pull back to the $420 level. If […]
On the Road Again?
Hi Shoppers, I had a leisurely Sunday lunch with some friends yesterday. Before the meal started, I asked the waiter to be sure that I received the bill (it was my turn). Yet, to my great dismay, as we were finishing our lunch, the waiter had informed me the bill had already been paid. I […]
Retirement Dreaming
Hi Shoppers, Check out the Pinterest (Ticker: PINS) stock chart: PINS has had quite a runup since trading a low of $53.94 on May 13 to closing at $76.84 on Friday. I believe Friday’s candlestick could be a doji signaling an end of this rally and a possible pullback to at least $65. Shopping for […]
Possible Crypto Reversal?
Hi Shoppers, Wow, who doesn’t love time off? I have to say, it’s not easy to come back to work even after only a few days. (But don’t tell Mark Sebastian I said so!) Not sure if I needed more time away or less, but it was pretty, pretty, pretty good. If you are traveling […]
Mid Year Reminder: My 7 Rules of Trading
Hi Shoppers, We’re just about midway through 2021 (!!!). It’s amazing how fast it goes. And now is a great time for a refresh on my top trading rules. As I said waaay back on Dec. 30, 2020: Print this. Hang it on your wall. Tattoo it on your forearm. Do whatever you have to […]
Blockchain’s Back (Alright!)
Hi Shoppers, Is blockchain back in favor? It’s starting to look like it. I have been watching Riot Blockchain (Ticker: RIOT) and Marathon Digital Holdings (Ticker: MARA) stock charts waiting for them to break out of the range they’ve been trading in. Both charts are very similar: MARA RIOT They each have two days of […]
Walmart: Falling Prices, Rising Stock
Hi Shoppers, Let’s go shopping! I am seeing a bullish engulfing candlestick formation in … Walmart (Ticker: WMT): Thursday’s candle was green and completely engulfed Wednesday’s candle, which is a bullish signal. Friday’s candle confirmed. I think WMT will trade higher this week and could trade back to $144, so I will be buying calls […]