In today’s trade ideas video I review the open trade ideas on Whole Foods Market (WFM), Michael Kors (KORS) and Apple (AAPL). I then discuss three trade ideas that we are working on Gilead Sciences (GILD), Facebook (FB) and a new one for Monday on Goldman Sachs (GS). Continue reading
The stock market finished off its big rally week with an extremely compressed trading range on Friday. All the indices were showing this compression. In today’s Weekend Market Analysis video I talk about what this type of action might mean and when was the last time we were this extremely compressed. You might be surprised. Continue reading
The market continued its upward push with the DJIA up another 138 points and all the other indices up also. The SPX has now retraced about 55% of the entire move down from the all-time high in May. In tonight’s Weekday Market Wrap video I look at what our indicators are now telling us. Maybe the bears are about to wake up from their nap. Also tonight I look at 3 trade ideas on AAPL, FB and GILD. Continue reading
The markets continued their push higher today with all the indices up. The DJIA was up 122 points, the SPX was up 16 and the Nasdaq up 42. Some folks are trying to compare this selloff and bottom to that of 2011, but for a wide variety of reasons I don’t think that will play out.
We are at a whole different stage of the game now. And as I discussed weeks ago, some of the indicator readings we got, were not only more severe than 2011, they were as severe as the fall of 2008. Now nothing goes down in a straight line and that is what we are now dealing with. In tonight’s Weekday Market Wrap video I look at the market action and at IBM, FB and AAPL. 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
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