The WYNN chart/technicals are looking really good here. Friday was a nice breakout and volume lately has been coming into the name. The chart patterns are bullish, momentum indicators are overbought as well. That doesn’t mean it’s a sell, rather this could move up to 150 in a short period or just pull back to…Details
Today, Bob talked about the charts and technicals of the market and gave a brief introduction to premium selling.
Baidu is setting up nicely here after bolting higher post earnings. While much of the market is struggling we find ourselves still in stockpicking mode. That said, our search continues on for those names that will outperform or underperform the market. There are plent of great setups to choose from, Baidu is no exception. We…Details
In previous years, the Chairman of the Federal Reserve has used the Jackson Hole Meeting, hosted by the KC Fed as a platform to talk about new/changing policies. The 2013 meeting takes place this weekend and current Fed Chair Ben Bernanke is noticeably absent. In fact, only a handful of Fed Governors will attend, among…Details
The equity markets are a tricky game. That being said, options are even trickier, considering you not only have to get the direction right but also the timing. Some claim option trading is pure gambling, the type where degenerates who long for action cannot get away from the game until they go totally bust. Well,…Details
Bob talked about the recent market action and took some questions. In addition, he gave some good advice about trading and risk management.
Is it time to take another look at this stock? In these kinds of situations where the fundamentals are unclear, pros like Cramer often consult with technicians to see what the charts suggest. The following technical analysis was provided by Bob Lang, founder and senior strategist at Explosive Options.net, as well as a Cramer colleague…Details
In whatever areas of life we all fear loss. We are afraid of losing our loved ones, our pets, valuables, money and even our job. Yet most of us do not prominently think about those fears regularly, because if we did how would we ever progress? Because every future outcome is completely unknown in the…Details
Bob talked about the current market environment and charts of some recent plays. He introduced guest Dave Landry, a great technical teacher who gave a presentation on charting, setups and trading ideas.