Netflix, Inc. (NASDAQ:NFLX) is set to report earnings on Wednesday, January 18th, after the stock market closes. So which way will it move? Will it see new all-time highs or collapse sharply lower? The answer may be as simple as following the former all-time high. Let me explain. The former all-time high was $133.50. If Wednesday into the close (right before...
Netflix, Inc. (NASDAQ:NFLX) is set to report earnings on Wednesday, January 18th, after the stock market closes. So which way will it move? Will it see new all-time highs or collapse sharply lower? The answer may be as simple as following the former all-time high. Let me explain. The former all-time high was $133.50. If Wednesday into the close (right before...
This trade is simple. When the stock price of QUALCOMM, Inc. (NASDAQ:QCOM) breaks below the trend line sloping up (seen in the stock chart below), short it. QUALCOMM will head to the $56 level target gap fill. Classic stock chart setup here for experienced investors and traders. Simple and clean, trades like this are great.
Travelers Companies Inc (NYSE:TRV) is finally having a corrective move. The stock had an amazing move from $103.50 to $123.00 between November and December 2016. In Travelers' history, this percentage move in such a short time is unparalleled. As impressive a move as that was, the stock is now correcting sharply lower. As the stock collapses, smart investors are...
Shares of Paychex, Inc. (NASDAQ:PAYX) hit stock chart double top resistance at $61.85. This alerts investors to a probable pull back in the stock price, with a target of $55.00. View my verified trades here: verifiedinvesting.com
FCX is on the verge of dropping 21%. Investors need to take note of these this major factor that dictates price action. Notice on the stock chart below, how over the last two weeks Freeport-McMoRan has been unable to make new highs while the stock market has made multiple new all-time highs. In addition, the stock chart over those same two weeks has a clear bear...
Flipping through charts I pulled up Apple Inc. (NASDAQ:AAPL). To my surprise there was a head and shoulder formation that screamed OMG! For those of you that do not know, head and shoulder pattern formations are extremely bearish, but under one condition. The stock must trade below the neck-line. In the case of Apple Inc. it has yet to trade there, so the pattern...
The stock chart has triggered a strong sell on shares of UnitedHealth Group Inc (NYSE:UNH). In recent weeks, following the Donald Trump election victory, UnitedHealth has soared on hopes of deregulation and perhaps even a repeal of Obamacare. Whether this happens or not, the UnitedHealth's stock price already reflects the best case scenarios for the company....
I love this trade. It is so pretty a girl like myself can easily fall in love. The risk versus reward is amazing as well with upside being 33% and downside being 7%. I bought 2,500 shares here. In addition, I love stocks that are like Old Faithful. They have been around forever, are not going anywhere and pay a great dividend. Yes please! I'll take 2,500! When...
Shares of Bank of America Corp (NYSE:BAC) are less than 5% away from their 7 year highs and I am going to short. The reasoning is simple. As Bank of America currently trades at $19.02, the high from April 2012 is $20.00. It is likely that as early as today the stock will tag that double top pivot. Being the highest level since the financial crisis, investors will...
The Russell 2000 Index has surged almost 10% this week. Risk is now en vogue after Donald Trump won the election. This stems from the belief that he will be easy on business and remove many of their handicaps. This monster pop on the Russell ($IWM) is an amazing move for the history books. As it jumps higher, there is a clear level which will trigger a pull back....
As President, Donald Trump will likely turn a blind eye to alternative energy. Not so much because he does not believe in it but because his party has historically been pro oil and anti climate change. This blind eye includes Tesla Motors Inc (NASDAQ:TSLA). The crazy thing about it is the stock chart on Tesla predicted this. There was a major stock chart breakdown...
Shares of Intercept Pharmaceuticals Inc (NASDAQ:ICPT) are taking a beating today on the back of earnings that did not live up to Wall Street expectations. The stock is trading down over 15% to $100.00. After analyzing the stock closely, I found that there is no solid support until a double bottom at $92.00. Note the stock chart below. This is where I will be...
Shares of Twilio Inc (NYSE:TWLO) bounced hard on Tuesday. This was the first big up day in weeks and likely marks a major bottom in the stock. Not only was it a significant bounce, but more importantly it was a strong bounce in a sharply lower market. This adds credence to the idea that it is a major turning point for a big move up. The stock has collapsed from...
Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) continue to collapse as investors run for cover. Recent earnings did nothing to calm the fears of continued competition and the food sickness issues remain an overhang. Will average investors remain highly bearish, institutional investors are signaling a major level to buy at $335. This buy level comes from two...
I am shorting shares of NetEase Inc (NASDAQ:NTES) simply based off valuation metrics and the stock chart. Both confirm a drop is pending within days. First, the stock is up from $130 in February 2016 to its current price of $270. This is over a 100% gain in 2016, an epic move no matter the stock. The next factor is more specific to the trading recently, which...
SunPower Corporation (NASDAQ:SPWR) has sold off all quarter, all month, all week, all day until now it is seeing some slowing... The stock just put in a bottoming tail on the intra-day 10 minute chart, a technical reversal signal which says upside is coming. The stock should be putting in a major bottom on the daily chart as well, based on key supports and...