While a one-day move greater than 10% is stellar for any stock, especially one as watched/traded as Cisco Systems (CSCO), let’s take a look at the bigger picture and journey from the monthly chart down to the daily frame to put this overnight move into a broader context. First, CSCO’s Monthy Structure: In the grand…
I wanted to do a quick post prior to today’s (November 11th) eMoney Show Chat Sessions that begin at 1:00pm EST (12:00 CST). The chats are live, interactive sessions from presenters at the eMoneyShow Toronto Conference held last October. I’m excited to participate and hope you can join me or other chats this afternoon. I’ll…
I admit that the most recent move higher in Exxon-Mobil (XOM) – a leading bellweather stock to watch – has been impressive, taking price up into weekly resistance. Let’s move our way up from the daily chart to view the weekly level and find out what might be the next potential move for XOM. I’ve…
Although I try to do at least one webinar every month or every other month, by next week, I will be conducting three featured webinar events and I wanted to create a reference post and invite you to all of them. Today, Wednesday Nov 10, I’m pleased to be announced I will be presenting an…
With stocks at new 2010 highs, what is the VIX – Volatility Index – printing on its year-to-date chart? Let’s take a look at the SP500, VIX, and then an overlaid SPX and VIX Chart to gather insights from this important indicator. First, the S&P 500 to serve as a reference: I’ve posted about this…
I’m pleased to announce that I will be participating in a brief online chat session this Thursday, November 11th at 1:30 EST / 12:30 CST at the eMoneyShow hosted by the MoneyShow.com entitled: “A Quick Chat on Sector Rotation using Sector ETFs.” The direct link and information is provided below: Be sure to click for…
A lot of traders have been paying attention to the Dollar, but it’s also important to watch the Euro and what’s taking shape on its respective price charts. Let’s take a quick Weekly then Daily look at the Euro-trust ETF – FXE – and reveal a weekly confluence level to watch, and a possible daily…
Borrowing a phrase from the Guy Fawkes Day chant “Remember, Remember the 5th of November” (popular in the United Kingdom), I thought it was fitting to take a look at the “Fibonaccis in November,” namely the Dow, NASDAQ, and S&P 500 61.8% large-scale Fibonacci retracements – which are playing a role in the current market…
Ahhh breakouts – while most traders love them, they can be frustrating to trade for others. Given this morning’s activity, I wanted to do a quick profile on three leading stocks breaking out to new 52-week highs and revisit the “Popped Stops” logic from this morning’s post. First, I’ve been very interested with Caterpillar (CAT)…
Going up into this week, I’ve been describing two scenarios – one of which was the expectation for a “Popped Stops” bust-out if the S&P 500 rose above the 1,200 (targeting 1,220) and then of course higher beyond that on a second break above 1,220. With this morning’s upside action breaking 1,200, the immediate and…