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24/7 Trade of the Day
Watch Cisco Systems, Inc. (CSCO) Stock for This Warning Sign
Cisco (CSCO) is in need of a pause. CSCO stock has bumped into key resistance, and a shorting opportunity might be in the cards.
Trade of the Day: Guggenheim CurrencyShares Euro Trust (NYSEARCA:FXE)
Going forward, politics is still a question mark and could be a stimulus for a major correction down the road. But one area where I am willing to place a long-term bullish bet is in currencies.
Trade of the Day: United Parcel Service (NYSE:UPS)
The stellar “dead cat bounce” that is shaping up on UPS is just too good to pass up.
Trade of the Day: Advanced Micro Devices, Inc. (NASDAQ:AMD)
When a market breaks out of a trading range, it usually moves up for about as long as it was moving sideways. For that reason, I’m going to maintain a bullish posture.
iShares Russell 2000 Index (ETF) (IWM) Joins the Breakout Party
Traders should respect this week's chart breakout in the iShares Russell 2000 Index (IWM) ETF until the next bearish reversal appears.
Trade of the Day: Discover Financial Services (NYSE:DFS)
Following a retracement during January, DFS is experiencing a strong support bounce up off of $68.
Nvidia Corporation (NVDA) Stock Has Become a Short Target
Nvidia (NVDA) pulled off a post-earnings "pop and drop" Friday. Active investors and traders in NVDA stock would be wise to respect this.
Trade of the Day: Newmont Mining Corp (NYSE:NEM)
In my opinion, the market is still on a bit of a sugar high following the election, and investors may be banking on policy decisions that simply haven’t happened yet. Meanwhile, I’m becoming more bullish on gold once again.
Nike Inc (NKE) Stock Could Lose ANOTHER Shoe
Nike's (NKE) going over the past 12 months has been anything but rosy. Worse, the path of least resistance for NKE stock continues to be down.
Trade of the Day: VelocityShares 3X Long Gold ETN (NASDAQ:UGLD)
There's a good chance that gold has at least one more short-term pop in its future, so if you’re looking to make a few bucks quickly, UGLD as a leveraged ETF is worth a look.
Trade of the Day: Teva Pharmaceuticals (NYSE:TEVA)
TEVA has been in a steady downtrend for nearly a year and a half, and we don’t think the bearish move is over.
Trade of the Day: SPDR S&P 500 ETF Trust (NYSEARCA:SPY)
The market has been on a bit of sugar high since Donald Trump’s election, but I believe it is starting to come back to reality. A lot of the problems that existed before the election will begin to weigh on the market more heavily.
Apple Inc. Bulls: Beware These Charts! (AAPL)
Apple (AAPL) is bumping into critical resistance. Simply put: The near-term upside for AAPL stock looks awfully limited.
Trade of the Day: Akamai Technologies, Inc. (NASDAQ:AKAM)
AKAM is setting up to complete a bullish continuation pattern in the run up to, or aftermath of, the company's earnings announcement on Feb. 7.
Trade of the Day: ArcelorMittal (NYSE:MT)
I would not be surprised to see the stock continue toward $10, as the steel industry is poised to be a solid winner in 2017.
Trade of the Day: Lincoln National Corporation (LNC) Stock Looks Healthy
Lincoln National is offering a great buying opportunity right now, and investors can get into LNC stock for a ride toward $80.
Trade of the Day: SPDR Gold Trust (ETF) (NYSEARCA:GLD)
After tapping the $1,220 per ounce level earlier this week, gold has begun to pull back.
Freeport-McMoRan Inc (FCX) Stock Will Keep Grinding Higher
Freeport-McMoRan (FCX) is well-positioned to make a push higher. Better yet: FCX stock offers well-defined support areas so you can gauge risk.