Tesla Motors Inc, The Stock Needs Time To Calm Down
Let’s just look at the quick facts about the chart of Tesla Motors Inc. (TSLA): the stock has essentially doubled in roughly one month’s time. Whether the magnitude of the move was exaggerated by a short squeeze or trend followers having to chase the stock higher does not make a huge difference to me at […]
Morgan Stanley To Play Catch-Up
Global banking giant Morgan Stanley (MS) has seen its fair share of volatility in the stock price in recent years. After the large drop in 2007 and 2008, the stock rebounded sharply into the autumn of 2009 along with the rest of the market. Much like its peer Goldman Sachs Group Inc (GS) however, the […]
Microsoft – Digestion Time
Software giant Microsoft Corporation (MSFT) spent the better part of the past decade building what in hindsight may have been a significant bottoming formation on the stock’s chart. Plagued from the commoditization of the PC industry, among other things, the stock just couldn’t find any upward momentum that stuck around for longer than a handful […]
Monster Beverage Corp Breakout Level
From 2011 through the first half of 2012, energy drinks distributor Monster Beverage Corporation (MNST) was a trend follower’s dream stock. Pull-backs to simple support areas were shallow and subsequent buying came back steadily. Many a fund could have made its year, by just following the stock higher. The larger picture up-swing, almost 650%, which […]
Banks – Too Early To Short
Who doesn’t remember the big bank shank of 2007 – 2009…hard not to. Yet it hasn’t paid one ounce to be bearish on said stocks for more than a trade since the key higher low (versus the absolute low in March 2009) of September 2011. As traders and investors, we have a choice to either […]
Apple, Still Lacking Friskiness
As the Apple Inc (AAPL) earnings parade has come and gone, it is time again to focus on the charts that are rather than what was, should be, or what analysts think will be. Post the company’s earnings announcement on Tuesday, the analysis revisionists, also known as the sell-side analyst community, was busy taking their […]
Ralph Lauren – Key Near-Term Support
Apparel designer and distributor Ralph Lauren Corp (RL) has left a monster stock run higher behind on the chart off the 2009 broader market lows. The stock however reached a high in March 2012 and has thus not managed to make higher highs since, unlike the broader stock market of course. On the back of […]
Exxon Mobil Charts Into Thursday’s Earnings Report
Oil exploration and production giant Exxon Mobile Corp (XOM) is scheduled to report its latest earnings this Thursday. Given the stock has the largest weighting in the SPDR S&P 500 ETF SPY with 2.83% as of April 19th, it’s reaction post earnings will have the ability to move the broader tape, or depending on its […]
Market Outlook April 19
With yesterday’s battle many a perma bull was sitting at the edge of his/her seat through most of the session. Because the business of trading will lead to death by a thousand paper cuts unless one sees both sides at all times, let me point out both points of view for a moment. Staying with […]
Lousy Long-Side Risk/Reward With Ebay
eBaY Inc. (EBAY) after reporting earnings yesterday tumbled 5.50% on the day, thus confirming the April highs as an important medium term top. Both the longer and shorter term charts are now flagging warning signs, let us take a closer look. The stock’s all time high occurred in December 2004 at $59 and change. As […]