High Probability Short In Apparel Store Ross Stores Inc.

With yesterday’s broad market sell-off plenty more stocks are now showing their real colors and are setting up for juicy risk/reward swing trades in the near-term. One group of stocks that has been on my radar to try the short side of are the apparel retailers.  I discussed a short-side trade in Ralph Lauren (RL) […]

Google: All-Time Highs, Now What?

Earlier today Google Inc (GOOG) hit a new all-time high and because the most recent ascent in price mimicked that of a solid double diamond ski slope, let’s review where we are and where the stock may go in the near future. Like most stocks, Google Inc (GOOG) rallied strongly off the late 2008/early 2009 […]

Apropos Stocks Gone Vertical

The S&P 500 thus far in 2013 has rallied just about 6.50% without any real consolidation in price.  While the price action feels very extended, it does mostly so because of the one way uphill street we have taken so far this year.  To put this in context however, just looking back 12 months reveals […]

Goldman Sachs (GS) Running Into Resistance – Chart

Earlier this morning The Goldman Sachs Group, Inc (NYSE: GS) reported a solid Q4 earnings per share of $5.60 versus consensus estimates at $3.64.  The stock has had a sharp rally off the November lows and now finally moved into better resistance.  Let’s look at the charts; Much along with the broader market, the banks […]

A Technical Look At The Year Ahead

With non-existent volume in equity markets and only two lackluster trading days left in 2013, let’s not over-trade but instead look at what we may be able to expect in 2013 for U.S. stock indices from a technical point of view. Each December the research departments of investment banks and brokers publish their detailed economic […]

What I Am Watching Into Year-End

With just a few trading day left in 2012, volume is bound to drop off sharply later this week.  As such for many large institutions this means making any major moves in the market may become difficult at best.  For the retail investor and home-gamer it will also pay to be cognizant of the volume […]

JPMorgan (JPM) – Good For Another 7%

Yesterday’s rally in the broader market lifted the major U.S. equity indices between 1% and 1.50% across the board.  All of the sectors within the S&P 500 participated, although the transportation stocks which outperformed recently, underperformed on the day. The below chart shows the intraday performance of Friday and yesterday (Monday).  Note how everything moved […]

Dollar General Inc – Bounce-Worthy

On December 11 Dollar General Corp (DG) fell 7.80% on the back of news that the firm will cut prices, dragging with it lower the stock prices of rivals Dollar Tree Inc (DLTR) and Family Dollar Stores Inc (FDO). From a technical point of view all three stocks currently offer juicy risk/reward for a long-side […]

Market Thoughts Wednesday Nov 21

Monday’s performance of 2% on the S&P 500 was a difficult performance to follow on Tuesday, but stocks held up well ahead of what is sure to be a slow day on Wednesday ahead of the Thanksgiving holiday. Last Friday’s intraday upside turnaround coupled with Monday’s massive rally was enough to put a solid bottom […]

KKR – Defined Support

Last Friday’s major hammer candle, coupled with Monday’s follow-through buying on the S&P 500 chart naturally lead me to look for similar patterns on individual stocks.  While in this case the pattern was wide-spread across indices and stocks, not all of them developed the pattern right at key moving averages or trend-lines. One stock that […]