Trade of the Day
The recent price action in DIS stock suggests a bid remainsand a bullish reversal pattern over the past couple of days now sets up a bullish trade with well-defined risk.
The recent post-earnings pop and drop in ROKU stock now offers opportunity for both the trading and investing crowd.
In the bigger picture ATVI stock still has an uphill battle to fight, but in the near term more upside is possible through the lens of trend following.
The post-earnings sell-off in FB stock increasingly points to somewhat lower prices for the stock and sets up a clearly-defined reward to risk trade for active investors and traders.
Stocks in the financial sector of the S&P 500 have staged impressive bullish reversals thus far this week and it could continue in WFC stock.
MSFT stock is in a rally very close to exhaustion buying that will stall the stock and/or lead to mean-reversion lower for a trade.
Despite a good earnings report, SBUX stock on the charts looks poised to fall further, following the bearish reversal and gap-down move earlier this week.
Although INTC stock has lagged its peersin 2019 and could thus hold up relatively well in 2020, in the immediate term the stock's rally could be ripe for a pause or mean-reversion lower.
The QQQ etf has risen about 5% year to date, on top of a viciously sharp rally in q4 2019. As a result this index and many of its largest constituent stocks are morbidly overbought in the short term and in dangerous territory.
JPM stock in recent months rallied to the very upper end of its longer-term trend. After an initially bullish reaction to earnings this week, JPM stock has reversed lower and now sets up for a quick short-side trading opportunity.
Marijuana stocks had an outstanding couple of trading days recently. The technically sound pattern developing on Canopy Growth is notable.
While I personally like what Tesla is doing as a company, TSLA stock in the near term is likely getting very overbought. Less risk averse active traders and investors could look at it from the short side for a trade.
BIG stock began to rally in a meaningful way last month (December 2019). Now, after a multi-week pause the stock looks poised to continue this rally.
Through the lens of just about any metric I can come up with AAPL stock is now historically overbought and a risky bet for investors or traders looking to buy it.
In the two otherwise quiet trading sessions ahead of Christmas gold mining stocks had a classic chart breakout. In my eye this is a sign of things to come, i.e. higher prices for the GDX etf in coming weeks/months.
Shares of Facebook continue to grind higher and now looks to be coiling up for another move higher toward a well-defined next upside target.
VZ stock has traded in an increasingly bullish pattern of late. This could translate into a chart breakout.
After falling 15% from recent highs, INTU stock's chart points to further weakness ahead. This stock continues to show absolute and relative weakness.
Energy stocks like Schlumberger SLB stock in recent weeks have begun showing signs of life after notable underperformance. This could bode well into year-end and into 2020.
CPB stock rallied following the company's latest earnings report. Despite a marginally lowered outlook CPB stock held in well and on the charts scored a technical breakout that could serve it well in coming weeks.