Trade of the Day

Trade of the Day: Another Buying Opportunity in the GLD ETF

Few global assets have performed better over the past twelve months than the price of gold and the GLD etf is setting up for another trading opportunity to the upside.

Trade of the Day: Regional Banks KRE ETF Running out of Rally Steam

Banking stocks while bouncing in recent days are still displaying lots of relative weakness. Particularly the regional banking stocks as represented by the KRE etf are looking vulnerable for another leg lower soon.

Trade of the Day: XOP Oil Company ETF Showing Remarkable Strength

Oil exploration and production stocks in recent weeks showed remarkable absolute and relative strength. Active investors and traders may look to buy the XOP etf for a trade.

Trade of the Day: Gold Miners GDX ETF Flirting With a Major Breakout

Gold mining stocks have a tailwind one would be wise to respect

Trade of the Day: Russell 2000 IWM ETF Continues to Underperform

The IWM etf has been a relative underperformer versus larger cap etf's for a long time now and this could continue for the time being.

Trade of the Day: JPM Stock Offers Something for the Bears

A combination of fundamental and technical factors put the odds in favor of another push lower in JPM stock and one for active market participants to pounce on.

Trade of the Day: Paypal Stock Is Ready to Reverse Again

PYPL stock rallied close to 30% over the past couple of weeks. After this strong run however the stock is approaching some serious technical overhead resistance on the charts.

Trade of the Day: Prepare for the Next Leg Lower With the S&P 500 Spy ETF

With negative economic and corporate data likely to overwhelm the headlines in coming weeks, the SPY etf stands a good chance of embarking on another leg lower sooner rather than later.

Trade of the Day: HACK Cyber Security ETF Is a Short

Cyber security stocks as represented by the HACK etf despite a likely promising future, look susceptible to another pullback in.

Trade of the Day: Semiconductor ETF SMH Is Ready for Another Leg Lower

Technology stocks such as the SMh etf are now back near levels on the charts that offer plenty of short term technical resistance and thus could lead to another leg lower for a trade.

Trade of the Day: A Warning Flag for the Nasdaq 100 QQQ ETF

The QQQ etf has been a relative outperformer versus the broader US large cap stocks for a long time. But this relative strength has begun to fade and further downside likely lies ahead.

Trade of the Day: HCA Healthcare Stock a Bullish Bet Worth Making

After the recent selloff HCA stock not only looks promising 'on the charts' but also has a structural tailwind worth respecting.

Trade of the Day: Marriott Stock Finds Long-Term Technical Support

Shares of Marriott International MAR stock fell nearly 70% in recent weeks and has now reached promising long-term technical support buying opportunity.

Trade of the Day: Starbucks Stock Close to Wash-Out Selling Levels

While volatility is high in this market and it is impossible to pinpoint exact to the dollar levels of support or resistance, SBUX stock looks to have reached a significant confluence area of support where it could bounce.

Trade of the Day: Extreme Fear Offers Opportunity in S&P 500 SPY ETF

Markets tend to overshoot and undershoot, and the moves down are always quicker. The SPY etf is now reaching more interesting levels to nibble on the long side for a trade.

Trade of the Day: GDX Gold Mining ETF Has Multiple Tailwinds

The gold mining etf, GDX continues to show promising signs both in absolute and relative performance terms, pointing to more upside ahead.

Trade of the Day: Respect This Breakout Pattern in NFLX Stock

NFLX stock at present offers traders and investors both a structurally bullish idea as well as displays bullish behavior with breakout potential on the price charts.

Trade of the Day: Newmont Mining Stock Is Breakout Ready

Shares of gold mining stocks have traded in a choppy manner since late summer 2019. However, the bigger picture trend continues to look bullish, which should benefit shares of Newmont, i.e. NEM stock.

Trade of the Day: UAL Stock Reaching Exhaustion Selling Readings

While much uncertainty around the coronavirus remains, UAL stock through the lens of technical analysis is starting to look very oversold and ripening for a bounce.

Trade of the Day: SPY Bounce Trade Is in the Cards

In the short term it looks increasingly likely that a bounce could occur in the S&P 500 SPY etf and a specific level on the charts is where this could start coming to fruition from.