Tag Archives for " BABA "

Extremely Compressed…Again

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

Trend Day

The stock market pushed higher every hour today creating a solid trend day in the market and probably ran more than a few stops on the SPX. The DJIA was up 247 points today with the SPX up another 33 points and the Nasdaq up 89.

Advancing stocks led losers on the NYSE 3.3 to 1 and the volume was even more impressive with advancing volume leading declining volume by 8:1. The market has made a strong 3-day move of 3%.

In tonight’s video I look at the price action and talk about current scenarios. I also briefly check in on all trade ideas. Continue reading

Sunday Trade Ideas Video

In this Sunday Trade Ideas video I review the trade ideas that were entered and closed last week as well as those that are now open. These include Las Vegas Sands (LVS), Under Armour (UA), Visa (V), Alibaba (BABA), Chevron (CVX), Caterpillar (CAT) and Twitter (TWTR). There are two new trade ideas on Apache (APA) and Canadian Solar (CSIQ).

“It doesn’t matter how slowly you go as long as you don’t stop.”

– Confucius

Continue reading

Selling Pressure

All the indices were down today with the DJIA down 56, the SPX down 6.7 and the Nasdaq down 16 points. It was not a super strong selling day but the SPX has now closed 3 days in a row below the 10ema as selling pressure resumed today.

Tonight I review all the current trade ideas including one entered today on Alibaba (BABA). I also talk about a new trade idea on Chevron (CVX). Continue reading

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