Technology Stocks In Danger
Technology stocks and more specifically the Nasdaq 100 (QQQ) continue to show notable relative weakness versus the broader stock market in 2016, which is the opposite of what we saw in 2015. With some of the largest holdings of the Nasdaq 100 reporting earnings now this index and thus plenty of large cap tech stocks […]
Russell 2000 Index Alert
The Russell 2000 after showing good relative strength over the past couple or months is now running into a layer of technical resistance both in absolute and relative terms. If the index fails to push higher from here then a move to the downside could accelerate quickly. Watch the Free Video for the trade setting […]
Netflix Stock, What Now?
Earlier this week Netflix (NFLX) reported its latest earnings and the stock was sold off due to somewhat lower user growth estimates in the current quarter. While I remain uber-bullish on Netflix through the longer-term lens, in the near-term another leg lower looks to be in the cards. Watch the Free Video for the trade […]
Can Biotech Stocks Keep Rallying?
It has been a steep and relentless ascent for most parts of the US equity market since the January/February lows. Some market pundits are now calling for biotechnology stocks (IBB etf) to become the next market leader. While I don’t think biotech stocks have to fall apart here, they do look very stretched for the […]
McDonald’s Stock, Too Much Too Fast
Shares of McDonald’s while a great performer year-to-date has taken its most recent rally into too vertical an ascent to sustain at this rate. The company reports earnings on April 22nd and just about any reaction by the stock after earnings should set up a trade to the downside. Watch the Free Video for the […]
Energy Stocks, What Now?
On Tuesday April 12th oil rallied on the back of hopes of production freezes by oil producing nations. This also led to a rally in oil-related stocks, which broke past some important technical resistance. What does this mean and where to from here? Watch the Free Video for the trade setting up in oil and […]
Utility Stocks At Risk
Utility stocks are higher by about 13% for 2016 and the best performing sector. While ultimately this rally could continue later in 2016, for the time being the rate of change or slope of the line looks to be too steep and at the very least a pause is in order. Watch the Free Video […]
NVIDIA Stock’s Unsustainable Rally
Shares of NVIDIA Corp (NVDA) have rallied around 45% off their February lows and increasingly look to be putting in an exhaustive move to the upside. While there is no confirmed sell or shorting signal just yet in the stock, the options market may allow traders to take an initial stab at a bearish near […]
Bank of America Stock Trade Setup
After a sharp v-shaped reversal off the February lows shares of Bank of America (BAC) have yet to show any meaningful bearish reversal and thus the path of least resistance remains to the upside until a price reversal rears its head. Watch the Free Video for the trade setup in BAC stock.
Lululemon Stock Breakout
Shares of Lululemon Athletica (LULU) are rallying after the most recent earnings announcement that came in better than expected. As a result the stock is attempting an important breakout move past lines of resistance on all time-frames. If this move can stick then plenty further upside should be ahead for LULU stock. Watch the Free […]