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Quick Bucket 1 Trade on Visa For Today
I bought a small position in Visa stock earlier this morning as the chart seems to hold up and I could imagine this as a go to name in the last few hours of trading this quarter. If it doesn't work, my stop is at yesterday's low. As a profit target I have $75.90. This […]
Oil Looks Ready To Break Higher
After consolidating for several weeks now, Oil is up and rising again…and this time could try to break higher and above resistance. Looking at the oil futures (light sweet) contract itself, resistance is at $107. While volume leaves someting left to be desired on this most recent up-move since mid March, it does look healthy […]
A Nice Trade Setup: Calgon Carbon (CCC)
Here's a name I don't usually focus on; Calgon Carbon (CCC). Why the sudden interest? a) the charts of course b) they are in the business of air and water purification…a topic of headline interest these days. Let's leave the fundamentals (fundies) on this name for another day and look to the charts instead. […]
I Recorded Today’s Pre-market Video, Available Shortly
Available shortly here: http://steadytrader.wpengine.com/video-2/march/
Quick Market Wrap-Up…May Need A Pause
Hi Folks I was in transit all day today and now a little jet-lagged so I will keep this brief. Well, it was another rally day in the markets and we did climb and close above SPX 1320. All summed-up this is now a 5.5% rally in 10 trading days. I mentioned that as a […]
Chipotle Mexican Grill (CMG) Breakout Higher
No doubt CMG has had an amazing run in 2010 and already thus far in 2011…but it looks like it just wants to climb higher. The weekly chart below shows the run, as well as the nice consolidation move that ended late January. Zooming in to the daily chart we see a nice narrowing trading […]
Quick Mid-Day Update…Watch S&P 500 1320
This morning we rabbit-bounced off the 50 day moving average (yellow line in chart below) at 1305 and exploded higher into the 1315 area. If this area does not hold as resistance then look 5 points higher at 1320, which was yesterday's high. If and when we close above the 1320 I see us heading […]
Today’s premarket video is uploaded and ready to watch here:
http://steadytrader.wpengine.com/video-2/march/
Pre-Market Notes – Tuesday March 29th
Pre-Market Notes – March 29th With the SPX right at (but above) the 50 dma, yesterday was a bit of a lazy session. Investors need some rest here to digest the wild swings from the past two weeks. At the same time it is quarter end (3 trading sessions left) this week so I would think the swings […]