Despite the selling early on this morning in Starbucks (SBUX) it has managed to recover quite nicely. However, I don’t think today is the day you want to trade it or even buy it and see what it does next week. Instead I think you need to wait for this triangle pattern that it
Technical Outlook: Strong follow through on Friday that put the SPX at new rally highs and setting up for a test of key resistance beginning at 2040. This represents the bottom end of the range that SPX had been stuck in going back to March through August of this year. On the weekly SPX chart,
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Technical Outlook: SPX had a wild and turbulent ride yesterday watching price drop 26 points, only to rally to break even on a leaked Fed minutes, followed by another drop of 17 points into the close. Today SPY is looking at its 8th straight gap down in the market. There has been plenty of
Technical Outlook: SPX had a marginal rally yesterday unfolding until the final hour of trading wiped out all the day's progress and finish lower on the day. Essentially SPX is stuck in a triangle pattern with the bottom forming off of the July lows and the descending resistance starting from the July highs. Since then
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Schlumbueger (SLB) is the best trade to the long side that I can find out there right now. Starbucks (SBUX) doesn’t look to shabby either. However, the oil plays are the ones that are setting up with the best setups at the moment. SLB is a real possibility for me today. I may
Earnings are after the bell in Starbucks today and the stock is on an aging trend. Personally, I don't like aging trends. They are like people, in that they are closer to dying the older they get. I want the young bucks, and I want the ones that have only touched the trend-line two previous
Wall Street Nole's Morning Stocks to Watch for Day-Trading  "Oh, the best part of waking up...  Happy New Year form the SharePlanner trading community. I hope it's prosperous and successful for all.  APPLE - Enough said.   Check out some of today's highly anticipated stocks to day-trade while you have your