Big Lots Waving A Bull Flag
Closeout retailer Big Lots Inc (BIG) has seen its share of volatility over the past eighteen months. Between a 60% plus rally from August 2011 to April 2012 and a big sell-off highlighted by two big gap downs, the stock was not for the faint-hearted. Despite the volatility, the stock shows off plenty of positive […]
Updated Look At Google Chart
Technology and search engine giant Google Inc. (GOOG), while year to date outperforming the broader U.S. stock market has diverged from the broader indices since the beginning of March. On March 5th I discussed here ( http://investorplace.com/2013/03/google-is-building-another-head-of-steam/ ) that the stock was ready to move higher still into the $850 area. Since then we got […]
Advance Auto Parts Ready To Break Out
Auto parts and accessories retailer Advance Auto Parts Inc (AAP) is rallying along with the broader market thus far this year, higher by close to 11%. Unlike the S&P 5oo which is looking increasingly extended in the intermediate term, the chart of this auto parts retailer suggest the stock is ready to rally further. Looking […]
Biotechnology ETFs Stay The Course
The world of biotechnology stocks can be a volatile one for investors looking to play individual names. In an environment where unexpected drug approval delays can cause major pain for any stock, detailed industry insight, knowledge of the drug approval process and of course a clear-cut investment strategy are essential. While a defined-risk approach is […]
Are we seeing a triple top in the S&P 500?
With stocks up big year to date and most indices at or already somewhat above critical levels, it’s time once again to review the charts of the broadly followed S&P 500 for potential clues to the near-term blues. As of Friday’s close, the S&P 500 was higher by 9.43% and only about 5 points away […]
Netflix Chart Breakout
Movie subscription service provider Netflix Inc. (NFLX) has seen some major volatility in its stock over the past two years. After falling from the July 2011 all-time high near $305, the stock didn’t find bottom until August 2012 and closer to the $52 mark. The stock has since rebounded sharply, the pivot point having been […]
Key Level To Watch On Apple
Since my last update on Apple Inc (AAPL) on March 5th (http://investorplace.com/2013/03/watch-apples-chart-for-bounceability/), the stock has more or less done nothing. Yet there is something to be read out of this lack of movement none the less. On the simple daily chart looking back to the stock’s all-time highs of roughly $705 on September 21 2012, […]
Sports Apparel Makers Are Juicy Shorts
Let’s face it, sports apparel stocks have been in fashion in recent years, no pun intended. Specifically Lululemon Athletica Inc (LULU) and Under Armour Inc (UA), given the mega-trend in yoga and other apparel have benefited in building their brands. But older dogs such as Nike Inc (NKE) too have been part of the game […]
High Probability Short In Apparel Store Ross Stores Inc.
With yesterday’s broad market sell-off plenty more stocks are now showing their real colors and are setting up for juicy risk/reward swing trades in the near-term. One group of stocks that has been on my radar to try the short side of are the apparel retailers. I discussed a short-side trade in Ralph Lauren (RL) […]
Gold: My Target Has Hit, Now What?
Since I last banged my drum on the state of gold here on January 29th (http://investorplace.com/2013/01/gold-bugs-headed-back-to-the-bench/), the SPDR Gold Shares ETF (GLD) has reached and in fact undershot my target near the $155 level. A combination of (at least in some minds) a better economic backdrop and a rising U.S. Dollar took the near-term bottom […]