Chevron Corporation (NYSE:CVX) has dropped sharply over the last week. The stock just made a new all-time highs prior, and is seeing profit taking. Chevron Corp will hit support at $122.00. This is a culmination of support trend lines as well as the 200 daily moving average. A significant bounce should occur if this level is hit in the next week. Chevron can be...
This morning, leading tech giant International Business Machines Corporation (NYSE:IBM) is trading lower by $2.36 to $189.31 a share. Recently, it has been reported that there has been some insider selling from corporate officers in late July. This insider selling news could be weighing on the stock today. Day traders can now look for intra-day support on...
The SPDR Dow Jones Industrial Average ETF (NYSEARCA:DIA) is up around 150% from the 2009 lows. Since that low, the markets have rallied, almost non stop on the back of Federal Reserve monetary policy. This policy has been to push interest rates to near zero and print trillions of Dollars. The market has become addicted. Based on yesterday's GDP number and the FOMC...
Coach Inc (NYSE:COH) is making a bullish consolidation pattern on the intra-day chart. The key here is that the pattern is forming above the 200 moving average and is happening while the markets are reversing sharply off early gains. When this pattern forms any stock like Coach Inc and the markets are falling, it shows relative strength compared to the markets....
Leading aerospace manufacturer The Boeing Company is trading lower again this morning. The stock has come under major distribution in 2014 after peaking out in January at $144.57 a share. Today, the Boeing is trading lower by $2.13 to $124.58 a share. Many traders and investors are now hearing that business is slowing down for The Boeing Company. Earlier today,...
Molycorp Inc (NYSE:MCP) is trading at 52 week lows and hated by most investors for its poor performance. While the markets trade near all time highs, this stock has fallen throughout 2014. That may be about to change. Commodity stocks in all sectors have started to catch a big bid. Look at stocks like ConocoPhillips (NYSE:COP) in the oil sector or Freeport-McMoRan...
Recently, the leading packaged food company ConAgra Foods Inc (NYSE:CAG) has declined sharply on the charts. The stock topped out on August 5th, 2013 at $37.21 a share. Since that time, ConAgra Foods Inc stock has been steadily declining. Last week, the food company warned of a 7% decrease in consumer goods volume. This news has certainly put pressure on the stock...
Recently, the gold and gold mining stocks have surged higher over the past three weeks. The highly followed Market Vectors Gold Miners ETF (NYSEARCA:GDX) jumped higher by more than $4.00 a share since May 29th, 2014. Today, the Market Vectors Gold Miners ETF is trading lower by 0.37 cents to $25.90 a share. The GDX is now overbought on a daily chart, so a pullback...
The SPDR S&P 500 ETF Trust (NYSEARCA:SPY) has a great intra-day bearish pattern. While awesome, can and will it play out? The SPDR S&P 500 ETF Trust is attempting to fall as you can see from the chart below. However, one of the cons is that the time of day is lunch. Lunch is notorious for light volume which makes bearish patterns extremely hard to play out. While...
Coach Inc (NYSE:COH) is taking a beating today, falling 10%. Concern over competition is taking its toll as sales estimates are being dropped. Where is the bottom? Let's explore. The first significant daily support level is $33.50. At this point the stock should have a solid multi-day, maybe even a multi-week bounce. Longer term, be careful with this equity as it...
This morning, leading solar energy stock SolarCity Corporation (NASDAQ:SCTY) is trading lower by $1.97 to $49.30 a share. This stock continues to come under some institutional distribution. SolarCity Corporation stock topped out on February 26, 2014 at $88.35 a share. It is easy to see how this stock continues to be plagued by sellers in the near term. Investors...
This channel on the chart of the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) shows traders and investors something amazing. It gives precise insight as to when the the markets will break down. Please note how both trend lines are perfectly parallel to each other. To discover when a major break down is coming, simply look for the break below the channel. As soon as that...
The deep freeze has taken over small cap land. It has been a long time since small caps were out of vogue but the time has come. As the great rotation of capital shifts from high risk stocks to low risk, high dividend payers, many think the end has come for any investments in small caps. I am here to say that is not true. Over the past year, you could have closed...
This morning, the leading internet content delivery company Akamai Technologies Inc (NASDAQ:AKAM) is declining lower by $1.39 to $55.08 a share. The stock looks to be selling off along with other major NASDAQ 100 stocks. Day traders can watch for intra-day support around the $53.45 level. This is an area where the stock could have an intra-day bounce. Nicholas...
Alcoa Inc (NYSE:AA) is the best performing Dow Jones Industrial Average stock of 2014. It has been a monster, hitting a new 52 week high today of $13.18. While this seems great, it may have put in a top today. After surging early in the day, the stock has reversed and gone negative. There is a possible topping tail on the daily chart and it is up 50% in the last...
Markets are being driven by the USD/YEN as well as 'buy the dippers' aka small investors who continue to buy into the market. Today, Putin said he had no intentions of invading the rest of Ukraine. Like he would really tell everyone if he planned to do it ahead of time. The bottom line is, the markets continue to push higher into the FOMC Policy Statement...
Anytime a trader or investor looks at a stock chart they should look to see if the instrument is making a new high, or a lower high. Continuous lower highs are a good indicator that further weakness is ahead for the equity. Earlier today, the leading mining equipment company, Joy Global Inc (NYSE:JOY) reported earnings. The stock is trading higher by $1.91 to...
When finding a great swing trade, one must look at multiple factors. I hope to reveal my mindset fully, helping the average investor understand how I reached my decision to short Dupont (NYSE:DD). I believe a short on this stock an extremely high success rate, bordering on 90% over the next month. The downside target is $64.75, then $59.95. 1. The chart is...