Dollar General Inc – Bounce-Worthy
On December 11 Dollar General Corp (DG) fell 7.80% on the back of news that the firm will cut prices, dragging with it lower the stock prices of rivals Dollar Tree Inc (DLTR) and Family Dollar Stores Inc (FDO). From a technical point of view all three stocks currently offer juicy risk/reward for a long-side […]
Crocs, Inc – More Upside On The Horizon
Crocs, Inc. (CROX) jumped by almost 9.00% yesterday on the back of an upgrade by Goldman Sachs. The stock’s fairly small market capitalization of $1.23 billion has also led it to trade in a volatile manner over recent years. Yesterday’s rally came just after the stock had hit its low for the year earlier in […]
Market Thoughts Wednesday Nov 21
Monday’s performance of 2% on the S&P 500 was a difficult performance to follow on Tuesday, but stocks held up well ahead of what is sure to be a slow day on Wednesday ahead of the Thanksgiving holiday. Last Friday’s intraday upside turnaround coupled with Monday’s massive rally was enough to put a solid bottom […]
Barclays (BCS) Running Out Of Steam
While financials as a group didn’t fare too badly on Monday (November 26), Barclays PLC (BCS) the London-based financial services giant fell by a little over 5.00% on the day. Much of the sell-off was attributed to the sale of Barclays warrants by Quatar Holding to Goldman Sachs and Deutsche Bank, who in turn as […]
KKR – Defined Support
Last Friday’s major hammer candle, coupled with Monday’s follow-through buying on the S&P 500 chart naturally lead me to look for similar patterns on individual stocks. While in this case the pattern was wide-spread across indices and stocks, not all of them developed the pattern right at key moving averages or trend-lines. One stock that […]
Hammer Time!
At the lows last Friday, the S&P 500 was just about 8.00% off its mid-October highs without the mercy of any real meaningful bounce on the way down. As such it was just a matter of time until many of the weak hands and sell stops were washed out so that a more sustainable bounce […]
Juicy Trade Setup In Apple
It’s all over the news; ‘Apple down 25% from its 2012 highs.’ Buy and sell recommendations from brokers around the world based on the latest quarterly, weekly, daily or 5 minute iPad sales estimations are enough to confuse even the best of us. I am here to offer a pure high probability technical trade idea […]
Abercrombie & Fitch Set For Further Gains
Specialty clothing retailer Abercrombie & Fitch (ANF) yesterday had a massive one-day rally after the company raised its forecast for the year and also exceeded estimates for the third quarter. One interesting note was that international sales were up a very strong 37% in the third quarter, which likely sparked new enthusiasm for the stock. […]
Beazer Homes Diverging From The Pack
While the broader U.S. stock market yesterday remained flat for the day, there were significant pockets of weakness in important groups of stocks. One such pocket was the home-builder stocks, which was led lower by Beazer Homes (BZH) after the company announced its fiscal fourth quarter earnings results. The majority of home-builder stocks however don’t […]
Two Stocks Worth Shorting
After three weeks of weak action in U.S. equities we are heading into a new week, greeted by a major storm in the Northeastern United States and thus an additional factor we must take into account. Who said this business was easy? The S&P 500 lost roughly 3.55% over the past two weeks after failing […]