Oil, Choppy and Toppy?
Oil, for some a barometer to economic activity, from a trading point of view remains choppy to say the least. Despite a sharp rally off the April lows, black gold, as it sometimes is referred to, is through the longer-term lens fairly range-bound. good rally off the April lows, which coincided with the April lows […]
Gold, Ice-Cold
Since my last update on Gold, and more specifically on the levels of the SPDR GOLD Shares (GLD) charts (here: http://investorplace.com/2013/05/how-low-can-gold-and-silver-go/) one month ago on May 21st, the shiny metal has done just what I suspected it would. After another dead kitty bounce to still lower highs, gold is now right back where it was […]
S&P 500 Technical Look
So here we are, one day after the FOMC policy meeting where the committee gave us the decision on interest rates/quantitative easing tapering and its assessment on the state of the economy. For all the uncertainty the media purported the announcement would bring, US stocks remained staunchly supportive of whatever the outcome would be…that is […]
Gamestop Corp – Double-Top Or Pop?
Specialty electronic game and PC entertainment software retailer GameStop Corporation (GME) is one stock that is no stranger to volatility. After dropping from an area just north of $60 in late 2007 the stock didn’t find a real bouncable bottom until late 2008 closer to the $17 area, from where it rallied into the spring […]
Stock About To Fall Out Of A Key Technical Pattern
B/E Aerospace, Inc (BEAV), manufacturer of interior products for airplanes has seen a sharp rally off its August 2012 lows. Given the company’s close association and exposure to the commercial aviation business, it’s no surprise that the stock’s now 10 month old rally came much in correlation with a rally in the airline stocks. To […]
Hewlett Packard Sniffing At Important Resistance
Computing and printing systems giant Hewlett-Packard Company (HPQ), much like many of the other box makes such as Dell Inc (DELL), has seen a dramatic demise in its stock price over the past three years. After peaking in the summer of 2000, the stock came back down to earth with the burst of the ‘internet […]
Watch This Level On The Oil Charts
With Memorial Day having come and gone, the U.S. summer 2013 driving season has officially kicked off. Surprisingly however, prices at the pump have not yet moved much higher. Where at the beginning of May a gallon of U.S. regular gasoline coast a national average of $3.603, by end of the month it had risen […]
GE, Still Pushing Solidly Higher
Global technology and financial services giant General Electric Company (GE) has been in a steady incline ever since the 2009 capitulation bottom in the broader market. Yet despite the stock’s roughly 250% rise since then, it has barely recouped 50% of the big drop off from late 2007 through early 2009. In other words, the […]
Facebook Wobbling On Its Last Technical Legs
In my last discussion on the charts of Facebook (FB) on May 17 I stated that through both the longer and shorter-term points of view the stock to yours truly at the time didn’t offer great risk/reward for trades in either direction. Fast forward roughly one and a half weeks to today and while the […]
Apple: Bullish above $430
Since on May 8th I wrote here (http://investorplace.com/2013/05/apple-positive-posture-but-overbought) that Apple Inc. (AAPL) was near-term overbought, the stock pulled back close to 10% over the ensuing six trading days. By May 16th the stock subsided much of its overbought readings and now is back in a more neutral stands where bulls should have the edge again. […]