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 […]
A Year-End Trade With FedEx
Transportation giant FedEx (FDX) reported earnings Wednesday morning, which led to a fairly muted reaction (+1%) in the stock price, that is if one only considers the price at day’s end. The company blamed some weakness on the effect from Hurricane Sandy and cited forward guidance that was below Street estimates. FedEx (FDX) moved off […]
What I Am Watching Into Year-End
With just a few trading day left in 2012, volume is bound to drop off sharply later this week. As such for many large institutions this means making any major moves in the market may become difficult at best. For the retail investor and home-gamer it will also pay to be cognizant of the volume […]
JPMorgan (JPM) – Good For Another 7%
Yesterday’s rally in the broader market lifted the major U.S. equity indices between 1% and 1.50% across the board. All of the sectors within the S&P 500 participated, although the transportation stocks which outperformed recently, underperformed on the day. The below chart shows the intraday performance of Friday and yesterday (Monday). Note how everything moved […]