Market Outlook April 15
Despite the fact that last week saw a series of weaker than expected economic data releases, stocks managed to push higher still, closing the week at an all-time if we look toward the S&P 500. While the up-trend remains intact, as I have pointed out throughout last week in this column, traders and investors would […]
Short-Side Opportunity in Macy’s
Last Friday’s action across the broader U.S stock market saw plenty of weak-looking daily closes from individual stocks. Among them were select department stores such as Macy’s, Inc. (M). The stock continues to trade in an orderly up-trending channel if we look to the multi-year chart spanning back to 2009. Along with plenty of other […]
McDonald’s Key Price Level To Overcome
McDonald’s Corp (MCD) continues to rally along with the broader equity markets but seems to have found resistance near the big round $100 mark for the time being. For a little perspective and to evaluate what to do with the stock at current juncture, allow me to flip through some charts. First off, note the […]
Apple Going On Momentum
Since my last take on Apple Inc (Nasdaq: AAPL) on March 14th here ( http://investorplace.com/2013/03/apple-looks-ready-to-pop/ ) the stock has acted as the analysis suggested, which was to move past resistance and pop higher. Now, roughly 6.50% higher and as the stock is inching up towards a next band of resistance let’s review the charts. The […]
Big Lots Waving A Bull Flag
Closeout retailer Big Lots Inc (BIG) has seen its share of volatility over the past eighteen months. Between a 60% plus rally from August 2011 to April 2012 and a big sell-off highlighted by two big gap downs, the stock was not for the faint-hearted. Despite the volatility, the stock shows off plenty of positive […]
Updated Look At Google Chart
Technology and search engine giant Google Inc. (GOOG), while year to date outperforming the broader U.S. stock market has diverged from the broader indices since the beginning of March. On March 5th I discussed here ( http://investorplace.com/2013/03/google-is-building-another-head-of-steam/ ) that the stock was ready to move higher still into the $850 area. Since then we got […]
Advance Auto Parts Ready To Break Out
Auto parts and accessories retailer Advance Auto Parts Inc (AAP) is rallying along with the broader market thus far this year, higher by close to 11%. Unlike the S&P 5oo which is looking increasingly extended in the intermediate term, the chart of this auto parts retailer suggest the stock is ready to rally further. Looking […]
Biotechnology ETFs Stay The Course
The world of biotechnology stocks can be a volatile one for investors looking to play individual names. In an environment where unexpected drug approval delays can cause major pain for any stock, detailed industry insight, knowledge of the drug approval process and of course a clear-cut investment strategy are essential. While a defined-risk approach is […]
Are we seeing a triple top in the S&P 500?
With stocks up big year to date and most indices at or already somewhat above critical levels, it’s time once again to review the charts of the broadly followed S&P 500 for potential clues to the near-term blues. As of Friday’s close, the S&P 500 was higher by 9.43% and only about 5 points away […]
Netflix Chart Breakout
Movie subscription service provider Netflix Inc. (NFLX) has seen some major volatility in its stock over the past two years. After falling from the July 2011 all-time high near $305, the stock didn’t find bottom until August 2012 and closer to the $52 mark. The stock has since rebounded sharply, the pivot point having been […]