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I’m going to let the chart do the talking on this post, as I have detailed much of what I am seeing on Apple (AAPL). Essentially, I think there is more downside to the stock than there is upside and that a pullback or even gap fill from late July [...]
I’m not trying to dog-pile on Freeport-McMoran (FCX) here, but there is some major technical problems arising in this stock. Up until yesterday, it was still a play you could take as a bounce off of support. Although, I didn’t play it (simply because bounces off of breakout support usually [...]
This chart speaks for itself in that the rally that we have seen in oil for the entire month of August may be quickly coming to an end if this move off of the August lows is part of a larger head and shoulders. The only way to dispell this [...]
While the SPDR Gold Trust (GLD) is having a solid day of trading today, there is some developments that should be of concern for you traders holding a long position in it. Now, I’m not saying to short it right here, right now. Far from it, because it could easily [...]
Watch these big banks! Namely: JP Morgan (JPM), Citigroup (C), Bank of America (BAC) and the notorious Goldman Sachs (GS). All of them are breaking out as I am typing this and they look like they could be solid runners for the entire week. Rarely do you find them or [...]
The market hasn’t been overly exciting for traders since the dump and pump following the Brexit vote. In fact when you consider the price action it is some of the tightest trading bands this market has seen in decades. This kind of market takes patience and lots of discipline as [...]
Every once in a while I like to update my readers on the biggest “Sucker’s Trade” on Wall Street. How these types of ETFs are even allowed to exist is beyond me. Most people don’t understand how the VIX is computed much less a leveraged derivative of VIX. Yet people [...]
I was stopped out of Disney (DIS) – other than that, I had a really good day of trading yesterday. And it came from some random bank that honestly, I know nothing about. But that has been the difficulty with trading DIS of late – and I’ve traded it about six times [...]
I’ve been watching with great interest to see whether Oracle (ORCL) is going to pull it together and bounce at critical trend-line support or whether it is going to break below it and eventually establish lower-lows under $40. Right now, I say it is still bullish until proven otherwise, but [...]
Solid week of trading! The market started off by establishing new all-time highs and breaking out of a two-year trading range that had previously rejected any such attempt. But this time it was different and as a result, quickly establishing a long bias was absolutely critical to maximizing profits in [...]
The Cisco (CSCO) trade setup has a lot of appeal to it right now. It has broken out and above the year-long resistance that has formed around the $29.00-40 level with authority. At this point though you have to be careful about adding new long positions on momentum, because it [...]
Apple (AAPL) is on a tear heading into earnings and they report in less than two weeks (July 26th to be exact). It is hard to say how they’ll do following their earnings, especailly after the sell-off we saw back in April. What was once the market darling is now [...]
