Tupperware (TUP) – Good Risk/Reward On The Short Side
Household products company Tupperware Brands Corp (TUP) has rallied big year to date and the price action over the past few days suggests a medium-term top may be in place. On the first chart below, note that on November 1st 2012 the stock broke out of a multi-month resistance line and longer-term consolidation phase. This […]
Oil, Summer Driving Not Likely Getting Cheaper
As an investment professional and especially as a technically oriented trader I have the right, or more accurately the obligation to review my investment/trading thesis on a daily basis. As such, since I last posted my vibes on the price of oil here ( http://investorplace.com/2013/03/oils-in-a-slippery-spot/) on March 1st, the commodity has acted as suspected, which […]
Facebook At A Critical Level
Social media giant Facebook Inc (FB) has been one stock that I stayed away from as it was simply too laden with emotions for my liking and involved in a media blizzard. Now that the company is no longer making front page headline news on a daily basis, has some trading history and has arrived […]
Bank Of America Stock Looking Bullish
The latest rally in the US stock market kicked off with the arrival of September and has taken with it many of the important sectors in the S&P 500, including the financials. As a result the SPDR Financial Sector ETF (XLF) is higher by just about 3.80% month-to-date, and continues to act strong. On Tuesday […]
These Internet Stocks Continue To Trend Higher
As the oversold bounce in US stocks continues and the Russell 2000 and Nasdaq Composite moved to new all time highs in recent days, some key momentum stock darlings are pushing higher on good momentum. These stocks remain on technically solid footing, although their steep immediate-term slopes are concerning. I am pointing out the following […]
Russell 2000 Still Positioned For Marginal Further Gains
Small capitalization stocks are often cited to have a leading tell to them as it relates to the broader U.S. stock market’s future direction. While I would offer that it is rarely wise to use any one ‘indicator’ alone, I do think given the current juncture we have arrived at in U.S. equities, that small […]
Dunkin’ Brands Read To Break Out
Following its July 2011 initial public offering Dunkin’ Brands Group Inc (DNKN) was sent on a bumpy ride for the first eight months of the listing. The coffee and breakfast chain operator had a strong rally off its late 2011 lows that ultimately retraced exactly 61.80% (an important level for those following Fibonacci study) by […]
Market Outlook April 12
After an already steep incline for 2013, the S&P 500 rallied another 3.50% off last Friday’s intra-day bottom, which of course came on the back of a weaker than expected jobs report. The prudent question to ponder at current juncture, just days away from the thick of earnings season (in my humble opinion), is whether […]
Crocs, Setting Up For A Breakout
Flipping through the charts last week I came upon an old favorite trading stock that currently rests just inches away from a meaningful breakout higher. The stock is Crocs Inc. (CROX) – traders might still remember the stock’s spectacular rise and subsequent fall in the 2006 – 2008 time period. From a pure volatility point […]
Dick’s Sporting Goods At Critical Spot
As I scanned the charts of retailers this weekend the one of Dick’s Sporting Goods Inc. (DKS) particularly stood out. The stock has reached a critical juncture where a break above could at least lead to a re-test of the November 2012 highs, whereas a reversal down would be good for at least 10% on […]