Trade Idea for Brexit-Vote Week – Week of June 20th
The coming week is a big one for markets with the UK’s Brexit vote looming large. US bond prices as measured by the TLT etf have rallied significantly in recent weeks as yields fell. While I do think this trend continues through the intermediate to longer-term lens, in the near-term a pause may be in […]
Short Starbucks
Consumer cyclical-oriented stocks such as Starbucks (SBUX) have been struggling for a while but managed to hold on, until recently. Economic slowdown is weighing on this space and SBUX stock looks lower. Watch the Daily VLOG for the trade setting up in SBUX stock. Follow me on Instagram: Instagram.com/steadytrader
Airline stocks set to tumble
Airline stocks have already had a tumultuous year in 2016 and after a little dead-cat bounce in recent days now look set to tumble further. Watch the Free Video for the trade setting up in airline stocks like UAL, DAL and JBLU. Follow me on Instagram: wwww.instagram.com/steadytrader
Breakout in Alibaba Stock
After a two-month consolidation period shares of Alibaba Group (BABA) increasingly look ripe to stage a next breakout for traders and active investors to capitalize on. Watch the Free Video for the trade setting up in BABA stock.
JPMorgan Stock Breakout
Banking stocks such as that of JPMorgan (JPM) have rallied anew in recent days on the back of Fed speakers sounding a hawkish tone. While I think this is all well and purposely orchestrated so that Janet Yellen can bring about a more sober tone in June, for now a breakout trade is taking place […]
Facebook Stock – Mind The Gap!
Shares of Facebook are taking a pause in the rally and while I remain bullish on the stock through the longer-term lens, in the near-term a trade is setting up to the short side. Watch the Free Video for the trade setting up now in FB stock.
Don’t Chase Home Depot Stock
Shares of Home Depot after another strong rally off the February lows managed to push to new highs. In recent weeks however upside momentum began waning and the stock now looks exhausted on the upside. Active investors and traders have a couple of ways to capitalize on this. Watch the Free Video for the trade […]
Chart of the day May 13th: Retailers ETF (XRT) Rejects Key Technical Area
The broken 2009 support line now becomes resistance and at the same spot where the 50 week moving average is crossing below the 100 week. Don’t look pretty, yo.
S&P 500 – Duck for Cover
After treading largely sideways for the past few weeks the S&P 500 has seen more technical deterioration and recently flashed a bigger warning sign again on the charts. Watch the Free Video for the trade setting up in the S&P 500.
Facebook stock, what now?
Shares of Facebook (FB) rallied after anew after the most recent earnings report further tickled the giddiness of the bulls. While the stock remains a fantastic growth story, in the near to medium-term upside looks to be fairly capped. Watch the Free Video for the trade setting up in FB stock.