GM Stock Looks Tired
After a 20% stampede rally off the February lows shares of General Motors late last week bumped right into a layer of technical resistance. The path of least resistance for the near-term and for now looks to be to the downside. Watch the Free Video for the trade setup in GM stock.
Tesla Stock Overbought
Take a $7 Clubhouse Trial Shares of Tesla Motors (TSLA) after a 60% run off the February lows where I warned of an imminent sharp bullish reversal now is dramatically overbought in the near-term. Active investors and traders will find good reward to risk opportunities on the short side and book long-side profits. Watch the […]
Apple At Technical Resistance – For Now
After a sharp v-shaped reversal rally off the February lows that so far measured about 16%, shares of Apple Inc (AAPL) are reaching better technical resistance. With the product launch event from Monday out of the way maybe the next move for the stock will be lower. Watch the Free Video for the trade setup […]
Amazon.com Stock vs Wal-Mart Stock
The long Amazon.com (AMZN) versus short Wal-Mart (WMT) stock trade is a popular one among many hedge funds. While the trade makes sense structurally, over the past few months the opposite of this trade has worked. Furthermore, it looks like WMT stock could continue to show both absolute and relative strength versus AMZN stock in […]
Under Armour Stock Sets Up
Shares of Under Armour (UA) had a massive run in recent years but finally exhausted themselves in the fourth quarter of 2015. While the intermediate term trend remains lower for now, the forces at work are trying to push the stock somewhat higher still in the near term, setting up a good reward to risk […]
Buying S&P 500 Protection
After a 4.5 week rally that held the S&P 500 above even its most near-term daily moving averages the index is ready to fill its January 4th down-gap which got tne January/February selling in motion. With the Fed and the Bank of Japan on tap this week, coupled with much cheaper implied volatility, buying some […]
Wynn, LVS and Ceasars Stocks Flagging Breakouts
After years of notable underperformance casino operator stocks like Wynn, Las Vegas Sands and Ceasars are now showing both absolute and relative strength versus the broader stock market. These stocks are also on the verge of breaking past a significant technical area of resistance. Watch the Free Video to see how these stocks are setting […]
Homebuilder Stocks Are A Short
After a sharp oversold rally in recent weeks, many homebuilder stocks are now approaching major areas of resistance where they will likely fail and tumble lower from. Bear market rallies can be sharp, but once they run out of steam the next leg lower tends to be all the more spectacular. Watch the Free Video […]
How Low Will Lowe’s Stock Fall?
Shares of both Home Depot and Lowe’s reported earnings over the past two days and are getting punished by investors. After showing relative strength last year both stocks now look to have turned and are setting up for trades to the downside. Watch the Free Video for the trade setup in Lowe’s (LOW) stock.
Where to Buy Gold (GLD) again
After a sharp 20% rally in the first month and a half of 2016 gold as measured by the GLD etf has started a first consolidation phase. While I see gold heading much higher still this year it is better bought on dips. Watch the Free Video to see where a Buy spot for the […]