Gold mining stock Newmont Mining (NEM) is on the radar this week
Newmont Mining Corporation (NEM) shares are an area of focus this week. The gold producer has had steady momentum since June and has consistently pushed above its medium term averages. September is often a weak time for equities and when there’s uncertainty and volatility, gold and gold mining stocks tend to do better than others. […]
Can Airline Stocks Sustain Their Surge?
The US airline stocks have had a great year so far, are the stock returns sustainable at this rate? From Delta Air Lines, Inc (DAL) to United Continental Holdings, Inc. (UAL) and even JetBlue Airways Corporation (JBLU), airline stocks are on a tear and don’t seem in any position to stop the rally. Because the […]
Mastercard Feeling The Pull Of Gravity
Global payment solutions company MasterCard, Inc. (MA) continues its multi-year super rally. A little over two and a half years ago the stock was trading in the low $200s but has since climbed to well above the $600 mark for a total of a close to 200% increase during this time frame. The company’s peers […]
Nasdaq Composite At Critical Long-Term Level
With certain technology stocks on a relentless tear since the June reaction low in the broader indices, I wanted to take a closer look at the Nasdaq Composite Index for perspective. What I found, to no great surprise, is an index trading at a critical level (resistance) through the long-term lens, and a medium-term slope […]
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 […]