As we slide happily into the Thanksgiving Holiday (and “Black Friday”), the stock market is pausing at the highs. Let’s update our levels for the S&P 500 Index and note the big trending stocks today: In-depth analysis is always provided to members of the Premium Daily Reports – I hope you’ll join and benefit. We…
If you had to make a guess about which of the Dow Jones Industrial Average’s 30 stocks is the strongest right now (based on a strong recent breakout), what would your guess be? Maybe Apple (AAPL)? Microsoft (MSFT)? No – the strongest stock right now may surprise you – it certainly surprised me. Let’s chart…
Is Chipotle Mexican Grill (CMG) forming a big bounce off weekly support? Let’s update our CMG Weekly Chart to highlight a key Fibonacci and Price pivot to plan our trading strategy. First, be sure to view the prior update “Is Chipotle too Volatile to Trade?” Answer: Probably. We’ll start with the Weekly Chart Fibonacci Grid:…
Alphabet (Google – GOOGL) continued its buy signal and uptrend with a clean breakout to new highs today, creating a bullish Trend Day. I highlighted a Buy Signal for GOOGL which successfully achieved its breakout target today. Let’s update our charts and note the new trade planning levels: Again, start with last week’s post “A…
What three stocks in the S&P 500 are showing the strongest, most persistent “Uptrend Channel” right now that you can trade? Let’s take a quick look at these names and what strategies may await you: We’ll start with Expedia.com (EXPE) which developed a strong and stable uptrend through 2015. The three price points to monitor…
Normalcy and the ongoing uptrend returned to the stock market today with a break to new swing highs. After the Fed Minutes were released, stocks broke through the 2,065 resistance level as noted. Let’s update our levels for the S&P 500 Index and note the big trending stocks today: In-depth analysis is always provided to…
Sometimes simple stock scans can give superior candidates for trading or investing. Let’s update our “Top Strong Stocks Most Extended above the Rising 200 day SMA” scan. According to FinViz.com, here are the Top Ten Candidates for trading: This is a simple stock scan that measures today’s price as a percentage of how high it…
If you’re trading Netflix (NFLX) as a swing or intraday trader, be sure to reference this short-term Fibonacci Retracement Level grid for the stock. Here’s the Daily Chart with key Fibonacci Levels highlighted: Our quick retracement grid above shows the 2015 to present price action and three Fibonacci Retracement grids drawn from swing lows to…
With horrific terrorist attacks in Paris and beyond, and news of Japan officially slipping into recession, naturally stocks would be bullish and rise in a powerful trend day higher. Of course they would! How logical! How simple! Get rich by doing the opposite of what you think should happen. In our bizarro world, that’s exactly…
Newly crowned Alphabet (formerly “Google” GOOGL) is setting up a buy signal on the Daily Chart. Let’s highlight this pivot and plan the next swing away from this key daily price level. Cutting straight to the chase, price gapped higher in mid-October and retraced to our current key level. Focus your attention – and potential…