I'll be the first to say I didn't know much about this company... but a glance at the fundamental numbers left me quite impressed. As such, I'd like to get involved with this one, but it's up nearly 400% in the past year, so I'm in no hurry to buy. Ideally, I'd like to see a pullback to the 61.8% retracement around $9 before piling in. Conversely, if shares...
Bond valuations being low means rates are high and thus stock become less attractive. simple economics. lets see if it recovers or the charts prove to be right (below declining MAs) and serious weakness is back in bonds.
nasdaq bull above 7340 target mewn bull trned
Shares of GM are looking interesting right here, right now. Fundamentally, shares are cheap at 5.8x forward estimates. They also sport a 4.3% dividend that looks safe for the foreseeable future. The technical setup is what has me buying. Shares are testing a confluence of supports: an upward sloping trend line going back several years, previously held support...
Shares of Ford (F) have been performing about as well as their old pickups, and shareholders of the blue oval have had a ride as rough as those old trucks, too. Fortunately, shares are nearing major support around $9. The chart on the left is a daily showing the downside 161.8% extension coinciding with the blue line on the weekly chart on the right. That $9...
A couple weeks ago I bought a bearish 'poor man's covered put' on IWM : Long the 177 put in Dec, and short the 164 in Aug for a net debt of 8.45 Breakeven @ expiry $170 approx: -40 delta, 1.44 theta Max Loss : 845 Max Profit : 455 8.45 debt to 13 wide for ratio of 65%. Profit Target: I'd look to close for profit early with a +20-25% profit target selling...
Pot stocks have been on fire, er, smoking! Wait, that's still a pun, right? Well then, pot stocks are on the roll! Damn it. I've been watching too much CNBC. Anyways... The rally in pot stocks over the past several days has been impressive, especially given the catalyst - Constellation Brands (STZ) made a $4bil investment in CGC for about 38% of the company....
Rut target 1706-1710 longterm its is bull within a week or two new ath
Rut is consolidating, for big move before labor weekend cup of tea anyone? 1755
IBB is breaking out to the upside, with an initial target around $124, the 127.2% extension of the major swing from this year's high in January to the lows in April, followed by the 161.8% at $131. I'm jumping in via September $125 calls.
"The S&P 500 printed its first all-time high in 7 months just in time for a record bull market. The good mood underlines new trade opps." S&P 500 Historic All-Time Shines Cautious Light On Opportunities drduru.com $SPY $QQQ $IWM $XRT $XLF #VIX $BA $BBY $CAT $BIDU $CSCO $DKS $HIBB $FB $GE $M $MTCH $NFLX $NIB $QCOM $RDFN $Z $TOL $TSLA $WMT $YELP #AT40 #T2108
Indexes bear flagging or c wave either way weekly is bullish hand s too 25500
Shares of Visa (V) are yet again breaking out to new highs. Barring the market turning south, I don't see much to stand in their way, either. It's been an almost picture perfect stair-step of resistance turning to support. The latest puts minor support at the $141-143 level, with additional support at $136, and with more significant support at the breakout level...
The first time a volume spike did not result in a higher high after it. Volume drying up. $IWM $QQQ
RISING RATES! RISING RATES! RATES MUST GO UP! RATES CAN'T GO LOWER! BUY THE BANKS! RISING RATES! Okay, you get the point. That's the battle cry of pundits these days. However, rather than try to predict the future, I like to keep it simple and just analyze the charts. So, what I see, being the simple minded creature that I am, is a simple head and shoulders...