BlackBerry (BBRY) Stock Rings Up Defined Support
Shares of Canadian smartphone maker BlackBerry Ltd (BBRY) had a volatile trading day on Friday after the company reported a mixed third-quarter earnings report. BBRY stock has offered some good opportunities for traders as of late but in the bigger picture for investors remains in a rut and stuck in a multi-year consolidation pattern as […]
Year Review: My Best and Worst trade for 2014
In a year of substantial growth for in US equities, Serge Berger, better known as The Steady Trader, recalls that his best call of the past year was maintaining a long position on momentum stocks. Serge states that the rapid growth of these stocks was a little nerve-wracking as talks of a bubble were omnipresent; […]
Steady Trader first half 2015 market outlook
While stocks likely remain in a longer-term secular bull market, the first half of 2015 increasingly looks like it could serve investors with a correction of good proportions. Here is a look at what the first half of 2015 may bring about for stocks as looked at from a cross asset class perspective [youtube id=”J8fFydnMyaI”]
Tesla sets up for a bullish move
After showing nothing but weakness and for the past month, shares of Tesla are showing more promising signs again that a bounce could be setting up. Here is what I am seeing using a confluence of indicators/signals. Watch the quick video here: https://www.youtube.com/watch?v=Yc8NsOpQI_A
The Russell 2000 Is Primed for a Breakout
Small-cap stocks (as represented by the Russell 2000) have been underperforming their large-cap peers all year. Through a technical lens, however — and as what could be an unwelcome surprise to the smart money crowd — the index increasingly looks like it has potential to outperform in both absolute and relative terms into early January. […]
The Christmas Jam for Stocks
After stocks finished off last week with a celebratory Christmas jam, the bears — who just a few days ago were still pounding their chests — have once again been forced into the fetal position. Such are centrally-dictated markets, which is a structure one must be aware of and traders would be wise to respect. […]
Google Stock Might Have Its Own Santa Claus Rally (GOOGL)
Shares of technology giant Google Inc (GOOGL) dropped meaningfully Tuesday along with other tech stock favorites as the continued pressure on the overall market failed to keep its intraday bid. As a result, Google stock has now retraced back to a major line of support where, at least near-term, the odds are looking better for […]
Serge’s discussion of two important oil charts on the Benzinga Morning Show
On Monday morning December 15th I discussed two important charts relating to oil and its correlation and causation to and for the stock market. Watch the discussion here: https://www.youtube.com/watch?v=sM6IWBht9wo&feature=youtu.be&a
Stocks: It’s all about oil prices
Another week and another steep decline in oil prices last week finally began to weigh on stocks. With just two weeks of meaningful trading left in 2014, from a tactical perspective (multi-week/month time horizon) it is now important to contextualize the drop in oil prices and map out potential outcomes for stocks in early 2015. […]
Mastercard charges higher out of a tight technical base
Shares of payment solutions company MasterCard Inc (MA) have seen big gains off the mid-October gains, aided by a post-earnings jump that took them to fresh all-time highs. After a couple of consolidation weeks, MA stock now looks ripe to make a next move higher — and given the clearly defined risk/reward scenario, something to […]