JCP – Better Technical Resistance 10% – 18% Higher
Department store operator/retailer J.C. Penney’s (JCP) fall from grace in recent years has been well documented. The analyst community’s seriously feisty opinions on both sides of the stock is almost Apple-esque (AAPL), which is a testament to how broad an audience is following this story. The longer-term chart shows the stock’s dramatic 85.00% fall from […]
Natural Gas – A Trader’s Delight
Yesterday, natural gas futures dropped to a six-week low in New York as forecasts for more moderate temperatures (less demand for the heating fuel) caused traders to sell. As such I thought it would be worth taking a look at natural gas from a technical perspective to see whether any trading opportunities can be found. […]
FBR – Vertical Move Calls For Mean Reversion
In simplified terms Sir Isaac Newton’s law of universal gravitation states that ‘what goes up must come down.’ He of course was referencing physical objects, yet I often observe similar phenomena in the stock market. These moves in the stock market however are more of the mean-reversion kind, where investors get too giddy and push […]