Intel (INTC) Important Price Resistance Area
For the entire month of March and into early April it looked like semiconductors were trying to tell us something about their usually leading indicator ability, at least as it relates to ends of cyclical bull markets. All of that changed however, and not when Texas Instruments (TXN) announced the acquisition of National Semiconductor […]
Airline Stocks Looking Attractive For A Long-Try
United Continental Holdings had earnings last week, today it was Delta Airlines…the rally in airline stocks the past few days has been noticable. Oil prices are still on the rise yet the charts of select airline stocks have put in constructive bottoming patterns for the time being that leads us to enter longs for […]
Are Credit Card Companies Back On Investors’ Radar?
Visa (V), American Express (AXP), and Mastercard (MA) have continually alerted me with juicy shorter-term chart patterns as of late, so I decided it’s time to take a closer look at the fundamental side of things on credit card companies, and I found some good stuff. In the Mastercard example, credit volume is on the rise and international growth is […]
Ford Beat The Numbers, We Remain Long
We remain long Ford common stock and will start trading around this bucket 3 position with bucket 2 swing trades and the occasional bucket 1 intraday try. The stock is up around 3.8% in pre-market trading right now. The conference call begins at 9AM eastern, which we will be listening to. More updates to […]
Quick End Of Day S&P 500 Chart Looksy
Silver was about the most exciting thing happening today while stocks slapped around the unchanged mark, at least as measured by the broader indices. As such the SPX is still right at the resistance area near the 1337 area. This week is sure to bring some action soon enough with earnings, FOMC meeting, and […]
Apple (AAPL) Chart Getting Back On Its Feet
I have had a position of short calls at the 400 strike on the book for the majority of 2011 and am closing them today for good profits. While the trade has another 30% of profits to go, I am seeing the chart of AAPL starting to look good again and hence prefer to take […]
Harley Davidson Short-Trade Update
With our premium members we initiated a short trade on HOG the day after earnings last week due to technical patterns, i.e, support at $39 being violated on large volume. Our price targets are layered below $37.50 and all the way down to $35.10 for the most agressive traders.
Watch The Close In Silver Today, Important
After a huge spike in the futures overnight…they were up as much as 8ish%…it almost touched the psychcologically important $50 area ($49.80) to be exact. That was the absolute high however so far today and for the time being at least it looks like silver futures might leave a huge tail today (candlestick with long […]
The Most Important Chart For Next Week
Intel (INTC), after announcing earnings last week rallied hard and by so doing broke a very bearish chart pattern that was in place…which by the way is exactly why at TheSteadyTrader.com we always exit positions ahead of respective earnings reports. If the semiconductors can get going here we have one additional important point that […]
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