A book in my library jumped off the shelf and into my lap. It said “remember me?” So I thought well, I haven’t looked at this in a while, let’s take a peek.
Inside there were some pearls of wisdom…3 tips to help you trade well. So I thought I’d share them with you.
The market pulled back on all the indices today. It’s almost as if it is teasing the bears. It has done this stair stepping process higher for several weeks now.
But there may something a little different this time and I discuss it in tonight’s video. I also briefly look at Michael Kors (KORS) which was up 8%, Mosaic (MOS) which was down 8% and Netflix (NFLX) which was up 4% today.
After the market closed, Facebook (FB) reported earnings and the stock was up about 3%. FireEye (FEYE) on the other hand was trading down 14% along with Whole Foods Market (WFM) trading down 6% in after hours trading. Continue reading
The bulls were clearly in control today, building on the move made on Friday. Since the low on Friday, the DJIA has risen 763 points and the SPX 93 points. The market is now very overbought. In fact the most overbought reading of the year.
In tonight’s Weekday Market Wrap video I look at the possible Elliott Wave scenarios that may be playing out in the market. I also review FireEye (FEYE) which hit our 3rd target today enabling the closing of another profitable trade idea. Continue reading
The latest trade ideas video is posted below. In today’s video I review trade ideas that were closed last week on CAT, BABA, SCTY, NFLX and SNDK. I then review open trade ideas on IBM, KORS, WFM, FEYE and TWTR. Watch list is also discussed. Continue reading
In tonight’s weekly trade ideas video (below) I review all nine of the trade ideas that are open on CAT, FEYE, BABA, NFLX, SNDK, IBM, KORS, SCTY and WFM. Have a great Monday! Continue reading
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