There is no disputing QCOM has been one of the strong trends this summer. You can see on the chart below the rise has been impressive, but there could be more in left in the tank. Perhaps a pullback to the 67 area, consolidation and then it’s ready to move up and out to new…
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Bob talked markets and charts with the audience, showing the highly overbought market and mentioned a pullback may be at hand. The VIX chart was also exposed to show some complacency. He introduced Toni Hansen, a great trader/educator who talked about charts and trading. Her perspective was one about an overbought market but still many…
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I’ve been a big fan of Electronic Arts for awhile, having made some really good money on this some years ago. It fell by the wayside under some management turmoil but lately they have been performing well. This year the stock is up huge and according to the charts it may be ready for a…
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“And when you look at 2013’s best performing health care stocks in the S&P 500 the top pure biotech plays are Celgene, Regeneron, and Gilead,” Cramer said. The phenomenon of window dressing would suggest these stocks should have more room to run. But do they? To either confirm or deny the thesis, Cramer often consults…
DetailsThis week offers quite a bit in the way of potential resolution. The Syrian issue may see some answers as Congress continues the debate but it is looking more and more as if a non-violent solution may be at hand. That could be a huge trigger of relief and removing fear, especially the excessively high…
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Herbalife just hit a new high the other day, the technicals are really strong here. The trend is up and every dip is a buying opportunity so far. Volume is solid as well. One to watch.
DetailsToday, Bob talked about markets and some recent plays. He mentioned how the SPX 500 filled a recent gap and showed some volatility charts and statistics. He introduced Scott Redler from T3 Live, a great trader and educator who talked about different trading tactics and and how to trade using technicals.
Biomarin (BMRN) shows one of the best performance and chart patterns out there. It just came off a great week, rising more than 5% on very good volume. The chart shows over bought here on several metrics but a pullback to 70 would be a great opportunity. This looks much higher.
We are always looking for something give us a leg up in trading; some news article, pundit on TV or even a whisper from a friend. But do they really know where the market is headed? What I have always found is these tend to have little to no value as it relates to my…
DetailsToday, Bob talked about market conditions and certain recent plays. He mentioned about the the low volatility and the upcoming jobs report. Then he introduced chat partner Suzie Smith, who talked about her style of trading and the magic created in the chat room. They both took questions from the audience.