GT Medium Term The entire oil industry got roughed up during today’s session and XOM was no exception. On its way to losing .66%, it moved below the 50 period moving average and continued to form a bearish saucer pattern. A bearish saucer is a chart pattern that indicates that a stock’s price has reached its high and that […]
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WT3 Long Term TXN has been moving steadily higher for months, with numerous higher low entries presenting themselves along the way. This is key because in order to successfully trade a trending stock, you must buy the dips. As we can see, a new higher low has just formed off of the trend line several […]
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Good afternoon folks. After a big slip yesterday, the market hit the brakes on the bears today with all of the indexes closing in positive territory. The S&P closed +.37%, the Nasdaq +.73% and the Dow +.27%. After several days of explosive political events, it is kind of nice to not have any new nuttiness […]
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Mayday, mayday, the market got thumped today. The indexes took a major turn to the downside today, logging their biggest losses this year in wake of the new scandals that the Trump Administration finds itself in. As more details trickled out today concerning the Comey Memo, the market continued to slide on down. This story […]
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Good afternoon folks! I hope all of you had great days and that you were all on the right side of the market. As for the market, the indexes closed mixed on the day, with the S&P 500 dropping .13%, the Nasdaq lost .37% while the Dow turned the tables and snagged a small gain […]
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Evening folks. All three of the indexes closed with small gains today, so in that vein, we are going to focus on three new buy signals tonight. So, without further ado, let’s dive on in and take a look at TSN. ACT2 Focused Opportunities Tyson looks very interesting. After testing resistance close to $67, it […]
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Afternoon everybody. Great to see you. After a few days of exuberance, that market pulled back a bit, but that is not uncommon so not a reason to worry. The Dow closed down .10%, the S&P -.05% and the Nasdaq broke even percentage wise after reaching new all-time highs yesterday. Without further ado, let’s get […]
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Evening folks! What a day. The indexes kicked things up a notch as ol’ Emeril liked to say. The Dow closed up 1.14%, the S&P +.62% and the Nasdaq reached new all-time highs today en route to a gain of .74%. Several major players, CAT and MCD, in particular, blew their earnings reports through the roof, […]
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Good afternoon folks! The indexes got off to a strong start this week, with all three closing higher after several tense situations around the globe cooled off. Hopefully, the geopolitical situations will continue to improve for multiple reasons but for now, the bulls are most definitely breathing easier. Since the market is back in a bullish […]
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April 10th Wow, what a day. If you were following along today or were trading in the intraday timeframes, today was a bit of a roller coaster ride. Up, down, up, down. Sharp snapbacks, panic selling, defensive buying. Volatility was the name of the game but the indexes did manage to finish with small gains. Let’s […]
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