Can US equities rally through ECB and the August jobs report?
Only two trading days into September and we have already seen plenty of trading action below the surface, although one wouldn’t know it by looking at the equity indices. The Dow Jones Industrial Average, the S&P 500 and the Russell 2000 are mostly flat so far this week but Wednesday’s daily charts showed some troubling […]
Micron Technology flags a bullish setup
After consolidation period that lasted from July until late November, shares of Micron Technology (MU) began resolving higher. This trader favorite stock tends to trend nicely once a trend is in place and could offer traders with a good setup into year-end. Watch the short video here: https://www.youtube.com/watch?v=RdLza7A80Ng
Why cross-asset analysis is important
Every few weeks or so I come across a trader or investor who is sitting in front of a screen, unable to move because he or she is so intensely watching the ticks of a stock, currency, or commodity. The consequences of this type of day-trading approach are far-reaching, from micromanaging a trade/investment to physical […]
Tesla Stock Is Teetering on Critical Support (TSLA)
Shares of electronic vehicle manufacturer Tesla Motors Inc (TSLA) fell sharply Monday to start December on the back of news that German luxury car maker Bayerische Motoren W (BAMXY) is not interested in taking a stake in the California-based company. From a technical perspective, Tesla stock is continuing to bump into a crucial confluence area […]
Goldman Sachs showing strength GS
Shares of Goldman Sachs after consolidating nicely over the past month or are beginning to look rather giddy. The technical picture argues for a move higher, which would also result in a clean breakout move. Watch the short video here: https://www.youtube.com/watch?v=KgpamqzWU5I
Shake, rattle and roll to start the quarter
With the start of the fourth quarter, US large cap stocks finally kicked out of their multi-week trading ranges, volatility spiked, important sectors sliced below support levels and bonds rallied. In other words, it was a classic shake, rattle and roll, risk-off type of trading day. After a weak close to the month of September […]
Ready for a more volatile September/October period?
Serge is thinking that as autumn begins and the leaves start to fall we will see volumes, ranges and that much-missed volatility begin to rise. Serge explains how he plans to adjust strategies accordingly and also points out the warning signs to look out for. Watch the short video here: https://www.tradingfloor.com/posts/berger-standby-for-a-september-slump-1495771
Steady trading ahead in December?
After a four-day, holiday-shortened trading week last week for US equities, traders and investors are today gearing up for the 12th and final round of the year also known as December. Last Monday I said that “historically, December has been the best month of the year for stocks with average gains of around 1.80% for […]
Groupon and that pesky 200 day moving average GRPN
Each stock has its own personality and thus also reacts differently to the various moving averages. Moving averages are better used as reference areas than hard points to set stops or profit targets at. In the case of GRPN stock, the 200 day moving average is well respected and with the recent rally, GRPN has […]
Welcome to the spookiest month of the year, welcome to October
Welcome to the spookiest month of the year, welcome to October and the fourth quarter. The ‘classic’ trading action in the fourth quarter is a dip sometime in the first half followed by a rally into year-end. Let’s see how it plays out this time around, but I am ready to play and open to […]