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 […]
United States Steel Corp Sniffing At A Key Breakout Attempt
US equities frolicked higher yesterday Monday September 9th on the back of a big rally in Asia and eased concerns around a possible military strike on Syria. Most sectors of the benchmark S&P 500 index acted exceedingly well, among them the materials group, which with yesterday’s 1.50% rally managed to close at a fresh year […]
Starbucks Breaking Out, Again
Coffee retailing giant Starbucks, Inc (SBUX) continues to push higher in unabated fashion. Since its August 2012 lows the stock has rallied more than 50% and this year alone the stock is higher by 21%. When will it all end? I’m not sure that’s a question worth asking yet, although being on the lookout for […]