This Stock Is Ready to Bounce Back
Hi Shoppers, Look at the stock chart below. It has gotten pounded recently, especially this week. The stock is Freeport McMoRan (Ticker: FCX). Now, I think the stock is ready to bounce from this big selloff. It dropped from $39.20 on Aug. 11, closing at $32.80 on Friday. I […]
Corona Chaos
Hi Shoppers, Covid isn’t the only thing in the news. Oil has been making headlines, too. Demand worries are rising with the resurgence of Covid and a report of a weekly fall of more than a million barrels in U.S. crude supplies. Here is what I am seeing on the Exxon (Ticker: […]
Better Know the Fed
Hi Shoppers, After reading Bill Griffo’s fascinating piece on Federal Reserve chairman Jerome Powell’s potential ouster, I took a look at a few of the banking stock charts and found a couple of great trading ideas. But before we get to those, let’s talk about the Federal Reserve … Most people don’t know much about […]
Travel
Hi Shoppers, I’m back from the Maldives, so let’s get to it! Check out the stock chart in Twitter (Ticker: TWTR): Thursday’s candle formed a doji, which we know is the battle of the buyers and sellers without a winner and can indicate a change in trend. Friday’s candle was an inverted hammer which we […]
11,000%!
Hi Shoppers, We all know Congress creates laws for us but has been known to exempt its members from the impacts of the very legislation they’ve passed Doesn’t seem right, does it? One of those laws concerns insider trading. Yes, Congressional members are allowed to make trades in stocks they know will be affected by […]
Population Freak Out
Hi Shoppers, For the first time on record, the U.S. could experience a decrease in population, according to reports Apparently during recessions the birth rate goes down, but historically rebounds. After our most recent birth rate peak in 2007 (which wasn’t even close to the birth rate of the 1960s), we had a recession and […]
They Know Their Stuff
Hi Shoppers, Timing is everything right? Especially in trading. Well, it’s the perfect timing for the debut of our dynamic duo Frank Gregory and Andrew Giovinazzi and they’re new webinar … Hedge Fund Secrets Revealed. And at 8 p.m. EST on Thursday, July 29, they’ll unveil a trio of trading secrets that have the potential […]
Tossed Salad and Scrambled Eggs
Hi Shoppers, I am seeing a bullish engulfing candle from Thursday which means Pinterest (Ticker: PINS) could be ready to trade higher: If PINS opens and trades higher this morning, I will buy calls in the July 23 expiration. PINS has earnings on July 30 and the at-the-money calls, the 72s, expiring Friday have an […]
Did I Hear Her Correctly?
Hi Shoppers, Someone please pick my jaw up from off the floor. Did I really hear the White House Press Secretary say the administration is working with social media platforms to make sure no “misinformation” is put out there regarding Covid-19? “We are flagging problematic posts for Facebook that spread disinformation,” the not-creepy-at-all Jen Psaki […]
Expand Your Trading Horizons
Hi Shoppers, Check out this ugly chart in Bank of America (Ticker: BAC): I am seeing a head-and-shoulders formation, which could be signaling a top in BAC. The confirmation is the piercing of the neckline — the horizontal line — which I think happened on Friday. Also, Friday’s candle is a bearish engulfing candle — […]