Best Buy (BBY) shares continued their uptrend with a breakout gap into “Open Air.” Let’s highlight this chart and plot a “pullback” or else surprise breakout plan. Here’s the Daily Chart: Best Buy (BBY) has charted three symmetrical bullish swings (blue lines) from the May 2014 lows. This time, we see an extension and bullish…
Which top trending stocks – both bullish and bearish – are most extended from their rising (or falling) 200 day Simple Moving Average? Let’s use this simple yet effective stock scan to highlight eight trade-trending (or fading) candidates right now: This scan was created from FinViz.com’s Screener Tool focusing on the stocks most over and…
John Carter is at it again! This time he’s written a simple eBook entitled “Understanding Options” which you can download now: John is perhaps most known for his popular webinars and clear educational seminars for the trading community, but this time he’s detailing information in an easy-reference ebook. I’m an enthusiastic affiliate of John Carter’s…
John Carter is launching a new, specific venture for you entitled “Simpler Stocks” as a sister site to his option-specific “Simpler Stocks” site and he’s conducting a new webinar entitled “Trading ETFs for Protection, Profit, and Peace of Mind” – or simply titled “The Three P’s” Presentation! The “Protection, Profit, and Peace of Mind” webinar…
What are Sector Rotation Charts hinting about the hidden strength (or weakness) of the broader market? Let’s take a look at our new Sector Rotation Model charts: A quick view of a one-year chart glance at the nine major AMEX Sector SPDRs shows strong uptrends in all sectors. This is an ongoing bullish sign that…
I’m excited to be presenting live with TradeStation and Stanley Dash this upcoming Saturday August 9th and we’d love for you to join us if you are in the Nashville, TN area! Here’s the quick details (click the image for a direct link): The event is free and open to everyone – TradeStation user or…
Which stocks are most over (and under) extended from their 200 day SMA? How can we use this scan to find short-term trading opportunities from the stocks that appear on the list? Let’s start our scan and see the charts. Here’s the top five most over-extended stocks in the S&P 500 right now: Based on…
Groupon shares (GRPN) may be setting up a potential breakout and bullish trend reversal trade. Let’s start with the Daily Chart and plot future levels for this potential bullish reversal. Keeping it simple, shares have the potential to break bullishly above the $7.00 price level toward the confluence of the falling 200 day SMA ($8.44)…