Lululemon (LULU) Is Stretched But Could Go Higher
i'm looking at LULU here and am noting several technically nice developments. Note the sideways consolidation pattern, followed by a break higher, and now a retest of the breakout level. I am interested in the long side above $80 but would be very careful or switch short on a break below $73
I’m Watching The S&P Futures $1320 Level
$1320 served as resistance last Friday and today so far has been support. Should it continue to hold as support expect higher prices, should it fail we could see the correction from last week continue.
NVDA IS Retesting The Important $22 Area for The 3rd Time
the more a certain stock price level gets tested the weaker it's resistance/support becomes. In the case of NVDA the $22 area is now getting tested the the 3rd time in three days. Watch this stock for a potential failure of the $22 level and lower prices.
Salesforce.com (CRM) Is A Stock To Watch Here
the weekly chart below denotes a 'bullish' consolidation phase by way of a 'flag' pattern. the way these things work is that I buy them at a breakout out of the trading range on good volume. the much juicier trade however is if this bullish setup fails and prices break below the trading range. […]
Apple Watch (AAPL)£349 For Bullish Sign
Should AAPL be able to hold above $349 on a closing basis I would consider that a bullish sign for the whole market.
Note Netflix (NFLXL Lagging Today
First Solar (FSLR) Is At An Important Price Level
FSLR most recently topped at $175 and then in the following 5 trading days lost roughly 14%. Now it sits just north of the crucial $150 level, which previously served as resistance and could now become support. I am watching this level carefully and should it hold will consider a long-side try. $175 by […]
S&P 500 1325 To 1330 Important
Should the SPX go higher than 1330 (horizontal yellow line on chart) I will shift the portfolios into more long-oriented exposure. In that case quite simply the bears will not have had any power left and it would be time for the eternal bulls to rally this market again. But we're not there yet.
Lululemon (LULU) Has Big Empty Space Below $65.50
I am watching LULU again today. It was one of the big leaders last year and since mid December has been consolidating in a bullish flag pattern. The obvious trade is to go long if LULU would go through $70 to the upside. Where I see warning signs however is if the pattern would […]
EEM At Critical Level. PLEASE READ
The Emerging Markets Index Fund ETF (EEM) is at an important juncture now, currently $45.50. As the chart below shows, EEM now sits at the lower end of an upward trending channel, which has held as support back in November and before that served as resistance. If you look closely you should see a […]