Energy stocks reach oversold readings XLE OIH
The energy sector of the S&P 500 has been showing meaningful relative weakness for well over one month now versus the broader market. Between a glut in oil supply and a rallying dollar, oil prices and oil-related stocks such as the drillers have been particularly hard hit. An meaningful oversold bounce could occur very soon. […]
Bulls still in charge, for now
On balance, both US and European stocks passed September’s first week with flying colours, at least as far as price action is concerned. The cross winds from the European Central Bank’s interest rate change announcement and the worse than expected August jobs report only caused some intraday turbulence for the broader US equity indices. As […]
Apple Inc.: Take Some Profits in AAPL Stock
Shares of technology giant Apple Inc. (AAPL) have rallied nicely in recent weeks along with the sharp bounce in the broader market and on the back of its latest quarterly results. While AAPL stock still is well-positioned in the longer term, Apple is increasingly overbought in the near and medium terms. Thus, active investors and […]
Stocks Still holding support on weakening momentum
US stocks closed out last week with a bang, as the combination of short-term technically oversold readings and a better-than-expected September jobs report bounced stocks sharply off the Thursday morning lows, rallying right into Friday’s close. Watch biotechnology stocks for clues on any further selling Overbought USD should bring relief to commodity and energy-related stocks […]
Webinar: How to trade a bear market
Tomorrow I’m hosting the live webinar “How To Achieve Swing Trading Success In A Bear Market” Join in to learn the best strategies for trading in a cyclical bear market. Bear markets are notoriously difficult for investors and traders, but by being aware of a few key things, bear markets too can be profited from. […]
New Steady Trader Review: The service Serge provides is excellent…
“I trade options, and I can say that using Serge’s analysis and his trade positions as option plays, his summary allows you understand the trade in depth without too much or too little background. On my first day, I posted my trades open and closing prices, and netted $400. The service Serge provides is excellent, […]
Shares of hospital operator Tenet Healthcare look weak
After a good sell-off on Thursday September 4th shares of Tenet Healthcare (THC) look better lower. Read my full analysis here: http://investorplace.com/2014/09/tenet-healthcare-thc-stock-charts/#.VAnBHRYbenY
3 Ways to Profit From Cheap Oil Stocks
We all know it, it’s all over the news: the price of oil is dropping precipitously. Of course as these things go by the time the headlines are over it, it usually is time to take the opposite side of the trade, at least from a near- to medium-term perspective. Lower oil prices, however, can […]
A stocking stuffer trade in Starbucks – SBUX
With its holiday-themed drinks and cues full of shoppers, Starbucks is increasingly becoming a stock to watch during the holiday season. Currently the technical picture also nicely matches up with that theme and traders can build a good risk/reward trade. Watch the short video here: https://www.youtube.com/watch?v=KI9zsMr0CSA
GoPro Stock Looks Good Into Year’s End
Shares of wearable and mountable camera maker GoPro Inc (GPRO) rallied another 9.36% on Monday after a huge post-earnings jump last Friday. In the bigger picture, GoPro stock has developed a good four months of trading history that traders can reference, and the resulting breakout of this rally looks like it could send this stock […]