It's a celebration! Apple (AAPL) made history by breaking the trillion dollar market. After some delay, the stock market joined the party.
"A Trillion Dollar Tailwind As Apple Helps Will the Stock Market Higher" drduru.com $SPY $QQQ $AAPL #AT40 #T2108 #VIX $CMG $DPZ $MSFT $XLP $CAT $RIO $BHP $X
CMG: we still in downtrend on weekly. 3 part bull div on daily is probably related to weekly trying to make a higher high (it hasnt yet). This could be a sell opportunity with stop if we break higher high. The target would be the gap fill and weekly volume profile node. Because its a short, on a daily-weekly timescale, and the r:r isnt great, this is not a ...
The stock market put in a strong week as the bounce from lows and supports continues. Caveats are still glaring like low/declining volume.
The Stock Market's Time to Test Buyers' Resolve drduru.com $SPY $QQQ #VIX $AAPL $AMZN $IWM $BBY $BHP $CMG $XLI $XLV #AT40 #T2108 $DE $ITB $LGIH $MNRO $MTCH $NIB $RIO $X
Inside bar after earnings is one of the inside bar trades that can break the 8ema rule as the earning day may be taken as a whole new start,
which implies strong potential momentum.
CMG had a 25% rally after the earning report to come back to the stage,
and it gave a daily shooter here, I like the long much more than the short though.
Of course, if it breaks to ...
Last week was chock full of earnings. There was enough GOOD news to lift the market out of the doldrums, but profit-takers were instead the most active. Some individual stocks perform fantastically and will be the ones to watch going forward. They may leave the rest of the market behind as the major indices get weighed down by some big under-performers.
I think CMG will retest the breakout location (325-330 price level) by the end of this week (might happen as soon as today).
The reasons are that the current price action mimics the December 4th, 2017 price action, where CMG sold off into the afternoon.
Another reason is that the volume is not significant and that there is no positive news catalyst driving the ...
Chipotle has dumped after reccent news. Chart candles are for 1 week. I believe it is sitting a key support zone and fib level, and has a good chance of reversal.
This is my first time using Fibonacci levels on a chart. Please feel free to offer comments, criticism, feedback.
Cheers and good luck
In terms of fundamental analysis , even the most junior finance department student will suggest to avoid CMG 0.80% stock as its crazy P/E and looks like such a falling knife.
While higher risk makes higher return , and it did give a potential long opportunity.
In weekly chart, right here is the 0.618 retracement of the rally from 2008, and a daily double bottom ...
This is a great example of a chart that I would choose to sell an option rather than buy an option. Looking at the historical pattern of this stock, it is sitting in a nice range, so I will look for premium above 490 to sell. Stocks with higher implied volatility paired with weekly options make a great pair to sell options! Read why at http://www.shecantrade.com