More Ammo from Amazon
Hi Shoppers, I think Amazon (Ticker: AMZN) is due for a pullback after its little run from a June 7 low of $3,172.20 up to its high on Friday of $3,366.58, a 6% move this week. Friday’s candle could be a doji signaling a change in this mini uptrend: Since […]
Two-for-One Trades Inside!
Hi Shoppers, Let me show you two charts that I believe are heading into reversals. They are both in the electric car battery business. The first stock is FuelCell Energy (Ticker: FCEL): FCEL has traded from $6.42 on May 11 to a high of $12.62 yesterday. I think it’s ready […]
Raging Bull (Flag)
Hi Shoppers, Let’s roll right into it on a Monday! Rocket Companies (Ticker: RKT) is bull flagging: A bull flag occurs after a runup, the stock takes a breather and is gathering strength to make the next push higher. I think RKT can trade back to the $22-$23 area. I like buying the June 18 […]
A Great Trade (In)
Hey Shoppers, I need to keep it short and sweet today because I’m driving my husband, Scott, to the airport so he can fly down to Charleston, S.C., to … pick up a car. Scott is a total gearhead and knows his shitake (as Option Pit Director of Education Andrew Giovinazzi might would say). But […]
!Warning!
Hi Shoppers, You’ve heard the saying that once a stock trades past a certain point and is almost to a rounded number — say $100 — it is bound to get there? Well, that does, in fact, usually happen Check out the SPDR S&P Oil & Gas (Ticker: XOP) chart below. See […]
Let’s Not Forget
Hi Shoppers, Today is the 50th anniversary of Memorial Day as an official federal holiday, and, sadly, it’s the first year we do not have any Pearl Harbor survivors with us. From its roots as the Continental Army (established in 1775), the U.S. Armed Forces have grown to include the Army, Navy, Air Force, Marines, […]
AMD Going Up
Hi Shoppers, The school year is almost over — woo-hoo! You know what that means, right? Time for summer camp! Grant, my son, has been going to the same camp in the Northwoods of Wisconsin every year since he was nine years old. It has been fabulous for him (and […]
AMC Breakout?
Hi Shoppers, AMC Entertainment (Ticker: AMC) is back on the “stonks” radar. A look at the chart shows it broke out to the upside yesterday. It closed at $16.41 — and I think it could trade back up to $20 or more. Looking at the calls below … wow! There is massive call skew, which […]
Cryptos and Oil
Hi Shoppers, Crypto currencies have been in a freefall since mid-May, when Elon Musk announced Tesla (Ticker: TSLA) would no longer accept Bitcoin as payment. Things haven’t gotten rosier since then … China’s announcement last week that it is going to crack down on crypto mining and trading transactions, only added to the selling. Closer […]
I’m Buzzing About This (New to Me) Stock
Hi Shoppers, If you joined Mark Sebastian and I on Thursday for my live event, you heard us talk about being able to trade anything just by looking at the chart. So our client, B.A., threw out a stock yesterday that I had actually never heard of before. But, boy, do I like the looks […]