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
The Dow Jones Industrial Average (DJIA) was up 320 points today as it opened up and never looked back. All the indices were up but the Russell 2000 (RUT) acted the weakest of the key indices.
I saw a video clip with Art Cashin, of UBS, today where he talked about the news from the ECB and comments by Mario Draghi. That’s when he said there was “joy in Mudville…brought in by Mario Draghi”. I thought that summed it up pretty well. But as usual, some stocks celebrated and some didn’t.
In tonight’s Weekday Market Wrap video I look at all the price action and then check in on all our trade ideas. In addition I look at Southwest Airlines (LUV) which was +7.4% today and Under Armour (UA) which was -5.4%, both on earnings releases today. Continue reading
The DJIA, SPX, Nasdaq and RUT were all up slightly today but the NYSE Composite Index (NYA) was down 30 points. In tonight’s Weekday Market Wrap video I review my Elliott Wave count for the SPX and discuss the scenario that I am expecting for the stock market.
I also review the key signal that was given by the Short Term Trading Index (TRIN). Netflix (NFLX) and IBM are discussed tonight. Continue reading
In this Sunday trade ideas video I review a trade idea on Michael Kors (KORS) that was closed on Friday with a 35% profit.
I then review our current trade ideas on Apple (AAPL), Whole Foods Market (WFM), Gilead Sciences (GILD), Goldman Sachs (GS) and Celgene (CELG).
One new trade idea for Monday is Netflix (NFLX). Continue reading
At least for one day, China is back influencing the global markets. China released data last night that showed that imports dropped substantially due to weak domestic demand. This again is stoking fears about what’s really happening in China’s economy.
The DJIA was only down 50 points today but the other indices put in more reversal type price action with the SPX down almost 14 points and the Nasdaq down 42 points, closing almost on its low for the day. Biotech got hit hard again today with IBB down 3%.
In tonight’s Weekday Market Wrap video I look at all the market action including Valero (VLO), Tesoro (TSO) and Netflix (NFLX). Continue reading
Powered by WishList Member - Membership Software