The stock market barely moved today. It was extremely compressed. In fact it is the most compressed day for the SPX in months. Many times extremely compressed days like this occur at or near turning points.
In tonight’s Weekday Market Wrap video we look at the market action today and then check in on Apple (AAPL), Adobe (ADBE), Apache (APA), Boeing (BA) and Alibaba (BABA). Continue reading
In this week’s trade ideas video I review 2 trades closed last week on Apple (AAPL) and Gilead Sciences (GILD). I then review 4 open trade ideas on Whole Foods Market (WFM), Goldman Sachs (GS), Celgene (CELG) and Netflix (NFLX).
Finally 3 new trade ideas are discussed: Adobe (ADBE), Alibaba (BABA) and Costco (COST). Have a great week! Continue reading
In the Trade Ideas Video below I review trade ideas that were closed last week, 2 that are open on LUV and CAT. And a new trade idea on LVS. Continue reading
All the indices were up at the beginning of the session but started to fade and went negative after about 2 hours. So after the S&P500 was up 19 points, it ended down 27 points for the day. This looks like and acts like a reversal day but we’ll need to see follow-thru.
In the video below I go into detail about today’s action and look at the German DAX and China Shanghai Composite Index also. Stocks reviewed tonight include AAL, ADBE, LULU, GPRO, SCTY, TWTR and CAT. Continue reading
I feel like I’m at Yellowstone National Park as the geyser blows sky-high with the DJIA up 390 points today. A little bit of pressure release from a 3 day weekend with no major negative developments.
You do have to look at today’s action as compared to the volatility of the last several weeks. In tonight’s video I do that, briefly review the trade ideas and then look at AAPL prior to it’s big press briefing tomorrow. Continue reading
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