Apple (AAPL) Chart Getting Back On Its Feet
I have had a position of short calls at the 400 strike on the book for the majority of 2011 and am closing them today for good profits. While the trade has another 30% of profits to go, I am seeing the chart of AAPL starting to look good again and hence prefer to take […]
Harley Davidson Short-Trade Update
With our premium members we initiated a short trade on HOG the day after earnings last week due to technical patterns, i.e, support at $39 being violated on large volume. Our price targets are layered below $37.50 and all the way down to $35.10 for the most agressive traders.
Watch The Close In Silver Today, Important
After a huge spike in the futures overnight…they were up as much as 8ish%…it almost touched the psychcologically important $50 area ($49.80) to be exact. That was the absolute high however so far today and for the time being at least it looks like silver futures might leave a huge tail today (candlestick with long […]
The Most Important Chart For Next Week
Intel (INTC), after announcing earnings last week rallied hard and by so doing broke a very bearish chart pattern that was in place…which by the way is exactly why at TheSteadyTrader.com we always exit positions ahead of respective earnings reports. If the semiconductors can get going here we have one additional important point that […]
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American Express (AXP) Bullish Patterns
AXP is holding up after earnings last night and the bullish patterns remain in tact. As discussed with premium members this morning, a break and close above $47.20 could be buyable for a bucket 2 trade. I would even be inclined to turn it into a bucket 3 holding should it hold above 55 on […]
Intel (INTC) To Rally Much Higher?
After yesterday's large rally in INTC, the semiconductor complex almost completely destroyed a very bearish chart pattern in many semiconductor stocks, as well as in the SMH ETF. The point here is not so much to look into the details of the daily chart but noticing how hard INTC bounced off the $19 area, […]
S&P 500 Daily Chart Analysis – April 21
As I've been discussing with Premium Members over the past week or so, the S&P 500 is starting to get into a position for a nice move higher, potentially as high as 1440. On the chart below let's notice a few key parts. First, the 50% retracement of the December lows to the February […]
Morning Line-Up: Trading Plan For Today April 21
This is the opening summary of the Premium Members Morning Line-Up Newsletter that I publish daily, along with the Mid-Day Update and the Martini-Hour Thoughts. The actual newsletter includes much more detail, such as exact trade setups with entry points, stops and limits, and tons more. Morning Line-Up Thursday, April 21 Good […]
Quick Daily Summary Thoughts – April 20 – Strong Like Bull
Story of the day; 16point gap up in the futures this morning and sideways for the rest of the day. Nothing to see here folks, move along. Well, after the bell AAPL QCOM, FFIV and others includine YUM and CAKE came out with good earnings and as of right now all of them are ripping […]