Technical Discussion

Head and shoulders pattern that could be a huge problem in Groupon (GRPN) going forward. Below $10.40 and the neckline is confirmed. Here’s the Groupon (GRPN) technical analysis:

SPY head and shoulders on the 5-minute chart over the past 2 days paints a problematic picture for the SPY. Below $174.11 SPY hits $173.50.  Here’s the analysis: 

Finally breaking out of the long-term triangle/consolidation pattern. Unfortunately I can’t trade ahead of earnings due to incalculable risk. That is one of my main rules of trading as there is no way to predict how the numerous variables that go into the earnings report will playout in the company’s stock price.  ANd I for one know

It has been another great week of trading in the SharePlanner Splash Zone. We managed to navigate the turbulent waters over the course of this month, and while others were shorting stocks thinking the shutdown would collapse the markets, we were adding long positions.  Here’s a quick glimpse of how our portfolio currently looks.  

I've traded plenty of them in the past, however, it takes a lot for me to jump in one, and they better be a multi-billion dollar company with plenty in the way of existing product lines before I'll trade them. Otherwise this industry is a cancer to portfolios and I have seen it ruin more

Fuinhaz has been on a roll this week with his day-trades despite the market being more volatile than ever. You can see all his past performance here. However, I wanted to use this post to describe in greater detail just one of the trades made and how well he manages the trade itself. In this

Be aware of these 4 support levels ahead of earnings in IBM after the bell. Overall the stock is in a decisive downtrend, I wouldn’t be caught dead long in this stock.  The break of the long-term channel was a huge bearish turning point for this stock, and the most recent bounce looks entirely like

Amazon (AMZN) is Hitting up against resistance, and if the gov’t shutdown continues, AMZN is going to take a huge hit; likely to $290 or possibly $280. The stock is also testing the highs reached in July which also represents the underside of the highs reached in September and early October.  Right now would be the

Updating my chart last week, AAPL took option #1 and is breaking out of the bull flag and now looking to test $510. I expect the 3rd time to be a charm and result in an ultimate push through resistance and to $540 for the stock.  After that its anyone’s guess, and we need to

Possible double bottom in Bank of America (BAC) but will need to push through $14.70 to change its stars. Tight risk on this trade which is appealing by putting the stop-loss at $13.99. Here’s the BAC technical analysis: