Tuesday, October 17, 2017

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ALERT: Bullish Inverse Head & Shoulder Breakout On Teva Pharma (TEVA)

ALERT: Bullish Inverse Head & Shoulder Breakout On Teva Pharma (TEVA)

Shares of Teva Pharmaceutical Industries Ltd (NYSE:TEVA) have finally put in a near-term low. The stock is jumping over 3.5%, but more importantly, broke-out of a bullish inverse head and shoulder pattern. The breakout signals further upside. I have a penciled target in of $20.35. Teva Pharmaceutical Industries has fallen sharply of late, dropping from […]

Don’t Follow the Crowd: VIX Call Options Go Up In Smoke

Don’t Follow the Crowd: VIX Call Options Go Up In Smoke

Just think about how many traders and investors bought call options in the popular iPath S&P 500 VIX Short Term Futures TM ETN(NYSEARCA:VXX) last week when the market sold off. The problem is that many retail traders may have bought put options that expire this coming Friday. As you know, volatility is crumbling today falling […]

Why I Am Bullish On $M Earnings Tomorrow…

Why I Am Bullish On $M Earnings Tomorrow…

This past week we have seen good retail reports from Michael Kors Hldg (KORS) and horrible reports from Fossil Grp Inc. (FOSL). This is the first quarter in recent history where there has been a mix, both good and bad earnings. Over the last few quarters, it has just been bad for every retailer. So […]

Earnings Season: Know When To Hold Em, Know When To Fold Em

Earnings Season: Know When To Hold Em, Know When To Fold Em

It’s earnings season! This is when corporations will report their quarterly results and usually issue future guidance for the company. This is also a period when stocks will often have big price swings after the earning announcement. For many traders and investors it can be an exciting time to trade, but danger lurks when market […]

HCA Healthcare, Inc. (NYSE:HCA) Needs A Doctor After Earnings

HCA Healthcare, Inc. (NYSE:HCA) Needs A Doctor After Earnings

Today, leading hospital owner and operator HCA Healthcare, Inc.(NYSE:HCA) is coming under heavy selling pressure after reporting earnings. HCA stock is trading lower by $3.40 to $82.54 a share in today’s session. The stock is still holding above its daily chart 200-day moving average which is at $81.47. Should the stock close below this key […]

Transport Sector Dumps, Is This A Warning Sign?

Transport Sector Dumps, Is This A Warning Sign?

This morning, leading transportation stocks such as CSX Corporation(NASDAQ:CSX) and United Continental Holdings Inc(NYSE:UAL) are declining sharply after reporting earnings. These two transportation giants are putting pressure on the highly followed iShares Dow Jones Transport. Avg. (ETF)(NYSEARCA:IYT) which is trading lower by 1.40 percent today. Many traders and investors will track the transportation sector as […]

Look What This Stock Chart Pattern Is Saying

Look What This Stock Chart Pattern Is Saying

Chart patterns tell traders and investors a lot about a stock. Depending on the formation of the chart it could be signaling the direction of the money flow into or out of a particular equity. Recently, leading retail coffee company Starbucks Corporation (NASDAQ:SBUX) has been coming under some decent selling pressure. Traders should note that […]

I’m Looking To Add This Food Stock To My Shopping Cart

I’m Looking To Add This Food Stock To My Shopping Cart

As you all know, most of the leading food stocks have been under heavy selling pressure as of late. Recently, I have been posting a lot of charts of food and beverage stocks that have been declining into very attractive levels for a long side trade. Now I’m looking at another leading food stock that […]

Are The Semiconductors Flashing A Warning Sign?

Are The Semiconductors Flashing A Warning Sign?

As we all know, the tech heavy NASDAQ Composite has been the market leading index in 2017. This index includes the popular FANG stocks such as Facebook Inc(NASDAQ:FB), Apple Inc.(NASDAQ:AAPL), Netflix, Inc.(NASDAQ:NFLX) and Alphabet Inc(NASDAQ:GOOGL). While these stocks have been stellar performers it has really been the semiconductor stocks that have shined. NVIDIA Corporation(NASDAQ:NVDA) is […]

Fear In Certain Sectors Can Be Great Trade Opportunities

Fear In Certain Sectors Can Be Great Trade Opportunities

There are so many traders and investors in the financial news media that will look at a declining stock sector and become so fearful. Why do they not see the opportunity in these beaten down industry groups? The reason is because they do not understand the charts. They are getting all caught up in the […]

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