Key Level To Watch On Apple
Since my last update on Apple Inc (AAPL) on March 5th (http://investorplace.com/2013/03/watch-apples-chart-for-bounceability/), the stock has more or less done nothing. Yet there is something to be read out of this lack of movement none the less. On the simple daily chart looking back to the stock’s all-time highs of roughly $705 on September 21 2012, […]
Sports Apparel Makers Are Juicy Shorts
Let’s face it, sports apparel stocks have been in fashion in recent years, no pun intended. Specifically Lululemon Athletica Inc (LULU) and Under Armour Inc (UA), given the mega-trend in yoga and other apparel have benefited in building their brands. But older dogs such as Nike Inc (NKE) too have been part of the game […]
High Probability Short In Apparel Store Ross Stores Inc.
With yesterday’s broad market sell-off plenty more stocks are now showing their real colors and are setting up for juicy risk/reward swing trades in the near-term. One group of stocks that has been on my radar to try the short side of are the apparel retailers. I discussed a short-side trade in Ralph Lauren (RL) […]
Gold: My Target Has Hit, Now What?
Since I last banged my drum on the state of gold here on January 29th (http://investorplace.com/2013/01/gold-bugs-headed-back-to-the-bench/), the SPDR Gold Shares ETF (GLD) has reached and in fact undershot my target near the $155 level. A combination of (at least in some minds) a better economic backdrop and a rising U.S. Dollar took the near-term bottom […]
Google: All-Time Highs, Now What?
Earlier today Google Inc (GOOG) hit a new all-time high and because the most recent ascent in price mimicked that of a solid double diamond ski slope, let’s review where we are and where the stock may go in the near future. Like most stocks, Google Inc (GOOG) rallied strongly off the late 2008/early 2009 […]
Three Stocks, One High Probability Pattern
With stocks continuing their 2013 rally the probability of further gains without any better consolidation in price is reduced by the day. This however is not to say that stocks can’t continue to rise, but overbought stocks that are flagging the consolidation sign may be worth trying on the short-side for a trade. My chart […]
Apropos Stocks Gone Vertical
The S&P 500 thus far in 2013 has rallied just about 6.50% without any real consolidation in price. While the price action feels very extended, it does mostly so because of the one way uphill street we have taken so far this year. To put this in context however, just looking back 12 months reveals […]
Grocery Stores Stocks; A Mixed Bag
Grocery store stocks aren’t on the top of the list of many traders, but the 35% rally off the summer 2012 lows in The Kroger Co. (KR) caught my interest and led me to look at some of its competitors’ stocks. After looking over the charts of some of these stocks I have come to […]
Herbalife, which side are you on? Ackman or Icahn?
On the Herbalife (HLF) debate, which side are you on? Ackman or Icahn? For a little Friday fun ahead of a three day weekend please cast your vote here: http://marketfy.com/ackman-vs-icahn/?utm_campaign=website&utm_source=sendgrid.com&utm_medium=email
A Homebuilder Ready For A Correction
Home builder stocks as a group staged a massive rally since mid 2012, and one that at least for the near-term may be overextended. One stock in this group that from a technical perspective looks ripe for a correction to me is KB Home (KBH). In September 2012 the stock broke beyond a multi-year down-trend, […]