Trade of the Day

Trade of the Day: The Invesco QQQ ETF Is Reaching for the Stars

The QQQ ETF is now increasingly looking stretched on the upside and a mean-reversion trade to the downside is setting up for active investors and traders.

Trade of the Day: Qualcomm Stock Is All Set for a Contrarian Approach

While the getting has been good for QCOM stock bulls over the past few days, Qualcomm is now reaching severe near-term overbought territory.

Trade of the Day: Intel Stock Is Ready to Rally

INTC stock is looking increasingly overbought as it heads into its next earnings report this coming week. But this presents an opportunity.

Trade of the Day: UnitedHealth Stock Is Primed for a Counter-Trend Trade

UNH stock has fared worse than the average stock in the healthcare sector, but UnitedHealth is now reaching record oversold readings, which sets up a counter-trend trade.

Trade of the Day: Apache Stock Looks Ripe to Gush Higher

APA stock is coiling tight below well-defined technical resistance, and Apache is looking giddy for a move higher.

Trade of the Day: Five Below Stock Is a Breakout Candidate

Shares of specialty value retailer Five Below had a good 2018. Through the lens of technical analysis FIVE stock looks to soon take another leg higher.

Trade of the Day: United Continental Stock Should Descend Again Soon

UAL stock is trading within a defined bearish technical pattern and I see it heading lower again soon, as plenty of overhead resistance persists.

Trade of the Day: Gravity Will Soon Weigh on Chipotle Stock

CMG stock is now dramatically overbought and trading at rich multiples from a fundamental perspective. Explore the short side of Chipotle.

Trade of the Day: Home Depot Stock Looks to Build on Gains

HD stock and its peers in home builder and related stocks is showing fresh upside potential from a trading perspective.

Trade of the Day: Apple Stock Reaches Confluence Resistance

Apple recently accelerated its year-to-date rally, but the path of least resistance in the near term looks to be sideways to lower for AAPL stock.

Trade of the Day: The Head-and-Shoulders Pattern in Regions Financial

RF stock finished the day lower by more than 4% and looks to have further to fall. This sets up a trade for active investors and traders.

Trade of the Day: Norfolk Southern Stock Is on the Verge…

If the broader transportation group of stocks is any indication then NSC stock could soon be a pain trade for the bulls but one to press for the bears.

Trade of the Day: A Bull Case for Netflix Stock

NFLX stock in particular is coiling in a notably tight range and, barring any quick bearish reversal, the path of least resistance for Netflix points higher.

Trade of the Day: NRG Energy Is Good for a Breakout Bull Move

Within its sector, NRG Energy has been in consolidation mode for over a month and NRG stock looks ripe to break higher for bullish trades.

Trade of the Day: Financial SPDR ETF Flashes a Sell Signal

The financial sector of the S&P 500 as represented by the XLF ETF flashed near-term sell signals two days ago and I see further downside.

Trade of the Day: Facebook Stock Is a Breakout Play

Through the lens of near-term technical analysis, barring any major new headline bombs FB stock looks to have higher to go.

Trade of the Day: Starbucks Stock Sets Up for a Short

While I fundamentally like Starbucks through the longer term, in the near term SBUX stock is awfully overbought.

Trade of the Day: Boeing Stock Hits Record Overbought Level

BA stock in 2019 has pushed to fresh all-time highs, but Boeing now looks to be exhausted and ripe for a so called mean-reversion move lower.

Trade of the Day: Shorting the SPY ETF

By many measures, the current rally in the SPY ETF is historic in terms of its steepness. Signs point to buyer exhaustion in the near term.