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 […]
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 […]