Never short a dull tape
Stocks remain resilient ahead of Friday’s Jackson Hole central banker meeting. To short or not to short? Read my full take here: https://www.tradingfloor.com/posts/us-stocks-never-short-a-dull-tape-1410572
Twitter readies another move higher
On Friday, TWTR gained 2% and broke a medium range resistance area. Serge sees continued positive momentum in the stock. Watch the short video here: https://www.tradingfloor.com/posts/berger-why-twitter-is-a-buy-1430540
Earnings Push TJX Stock Into a Promising Position
Traders now have two options following TJX’s Tuesday rally Discount apparel retailer TJX Cos. (TJX) had a double whammy Tuesday, reporting better-than-expected second-quarter results and raising its fiscal-year earnings guidance. In response, TJX stock took a sizable leap and bumped right into a key medium-term technical resistance level. Read my analysis here: http://investorplace.com/2014/08/tjx-stock-charts/#.U_T6p2OueKI
JC Penney looks giddy for a rally
Watch the video: https://www.youtube.com/watch?v=A2oPTcD3A3k Share of JC Penney had a difficult time in recent years but the price action over the past twelve months or so has become decidedly more bullish. In recent days since last week’s earnings report the price action has taken a further bullish step.
Industrial Sector Wobbling On Weak Support
With last Wednesday’s post FOMC rally, many US indices and stocks hit fresh year to date highs and forced more than a few fund managers to chase the market higher. It turned out however that buying Wednesday’s highs likely was neither the smartest nor ‘coolest’ thing to do, as after a consolidation day on Thursday, […]
TV Stint: Nasdaq 100 – Strong like bull
The Nasdaq 100 is showing relative strength against other indices and corrected 3.8% from peak to trough after a dip in early August. While the S&P fell around 4%, the Dow fell about 5% and Russell fell by just over 8%. Apple is 13.2% of the index and Microsoft just over 8% of the index […]
Ben Smashes The Dollar, Rallies The Euro
When on Wednesday (September 18th) Fed Chairman Ben Bernanke pulled yet another rabbit out of his hat, markets worldwide saw big moves almost instantaneously. As a result of the ‘no-taper’ decision stocks and commodities rallied, bonds sold of sharply, the dollar crashed, and the EURUSD currency cross jumped of joy. If one were to look […]
Priceline.com Ready To Push To New All-Time Highs
Courtesy of the ‘no taper’ decision by the Federal Open Market Committee yesterday, Wednesday September 18th, US stocks rallied hard, taking many to fresh all-time highs. One of the high beta stocks that also followed suit is priceline.com Inc (PCLN), as it squeezed to a new all-time high after holding its medium-term up-trend in place […]
Credit Card Stocks Continue Their Steep Rally
Most sectors and the majority of stocks in the US stock market have had superb runs year to date, so it is to no surprise to also see the credit card companies with great performance. With both MasterCard Inc. (MA) and Discover Financial Services (DFS) rallying more than ten percent month-to-date, and by so doing […]
Nasdaq 100 Flashing A First Red Light
The technology space as measured by the Nasdaq 100, PowerShares QQQ etf, has had a great and relentless run thus far in 2013, currently shining with a roughly 20% gain. As we are now however in the thick of a seasonally tricky period (second half of September through October) the going may just get a […]