Cabot Oil & Gas Corp Near-Term Overbought
Everyone knows it, the stock market had a gangbusters start into 2013 with the S&P 500 up almost 5.00% and thus far the party is continuing as mutual funds and others with mandates to chase markets higher keep the music alive. To be clear, I do think markets have more upside into potentially early Q2, […]
Coach Inc (COH) Triggered Head & Shoulders Pattern
Shares of Coach Inc (COH) took it on the chin to the tune of a little over 16% yesterday as the company announced its fiscal year second quarter results. From a technical point of view, yesterday’s price action in the stock did some damage to the chart, let’s look at it more closely; From a […]
Transports Overbought But Upside Remains After Pause
One of the key group of stocks participating in the most recent rally off the November 2012 lows are the transportation stocks. The S&P 500 since reaching a reaction low on November 16th has shot higher by a little over 10% if measured on a daily closing basis. The transportation stocks as measured by the […]
Aeropostale Ready To Power Higher
Apparel retailing stocks are currently flashing both buy and sell signals. In other words, the group as a whole doesn’t have much unanimity from a technical analysis point of view, which means as traders we need to look at each stock individually. As I scanned the universe of U.S. listed apparel retailer stocks yesterday afternoon, […]
Netflix Ready For A Pause
Momentum traders’ favorite Netflix Inc (NFLX) had a big rally off its September lows and meanwhile reached a price target I discussed several weeks ago. It’s time to re-visit where this stock stands from both a near-term and medium-term perspective. On December 6th 2012 I discussed here (http://investorplace.com/247trader/2-stocks-same-setup-nflx-and-big/) how the stock price of Netflix Inc […]
Buffalo Wild Wings (BWLD) Setting Up Higher
Just in time for the Super Bowl, Buffalo Wild Wings (BWLD) came back on my radar late last week as it looks to be setting up to the long side with juicy risk/reward. From a longer-term perspective looking back to the lows in late 2008, the stock remains in its up-trend. In early 2012 the […]
Goldman Sachs (GS) Running Into Resistance – Chart
Earlier this morning The Goldman Sachs Group, Inc (NYSE: GS) reported a solid Q4 earnings per share of $5.60 versus consensus estimates at $3.64. The stock has had a sharp rally off the November lows and now finally moved into better resistance. Let’s look at the charts; Much along with the broader market, the banks […]
Lululemon Stock Looking Higher
On December 7th I penned a piece right here (http://investorplace.com/2012/12/lululemon-ready-for-follow-through-buying/), discussing the high probability setup that had just flashed to buy the stock of Lululemon (NASDAQ:LULU) for a trade. Seven trading sessions later the stock came within $1 of my ideal price target near $79. That was close enough in my book to have qualified […]
S&P 500 At 2012 Highs
With last week’s marginal but additional upside squeeze in stocks, the S&P 500 has now managed to snuggle up near the 2012 highs, leaving both bulls and bears hopeful they will be proven right. Given the importance of where this index now stands, allow me to walk you through the S&P 500 charts from longer-term […]
A Technical Look At The Year Ahead
With non-existent volume in equity markets and only two lackluster trading days left in 2013, let’s not over-trade but instead look at what we may be able to expect in 2013 for U.S. stock indices from a technical point of view. Each December the research departments of investment banks and brokers publish their detailed economic […]