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 […]
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Dow Jones Industrial Average – Overbought readings last time led to 7% slide
The last time the Dow Jones Industrial Average had an RSI reading this high was December 2013. The $DIA proceeded to slide by about 7% over the coming month.
Large caps stand out in lacklustre market…beware
Over the weekend I flipped through the AAII investor sentiment reading from this past week and noted that at nearly 58%, the bulls haven’t been this present since late 2010. As a contrarian indicator this doesn’t give me the warm and fuzzies, so to speak. From a pure price action perspective within the S&P 500 […]