Nike recently posted some stellar earnings again and was thought so highly of they were included into the club of the Dow 30. The stock got very hot indeed after earnings and the recent froth has been removed, the price and technicals have been reset. Buyers look interested here at this level and I suspect…
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Bob started off talking about the recent volatility in the market and the strong day. He introduced Mish Schneider from Marketgauge.com, a veteran commodity trader who gave some great wisdom and insight into her trading sphere. They both took questions and gave some chart ideas/setups.
When it comes to options trading, time is just as important as price. The relationship is so strong between those two factors that when the market tries to make its move based on the rhythm of a trend, any interruption can cause a shift or total reversal of that trend. Technical analysis can help guide…
DetailsBelow is a great article by Dave Moenning that really gets to the heart of the “scariest” month. Based on the early action this month, it appears that traders have moved into a schizophrenic mode, as gains on Tuesday, October 1 could be reversed quickly. At issue is the simple fact that no one really…
DetailsBelow is a great article written by my good friend and value investor Tim Melvin on what S&P 500 Index stocks are a great bargain right now. He is a tremendous writer and really knows how to put things into perspective. Enjoy! A deep-value, asset-based investor at this time last year could have defined their…
DetailsWe’re in the “scariest” month of the year, and not just because of Halloween. October is the month when the market tends to crash. Much of the recent disappointment from Washington about the budget showdown and upcoming debt ceiling battle has put traders and investors on the defensive. It’s not hard to see why, especially…
DetailsBelow are some great ideas about trading Apple by my good friend and chat room member Ketan Shah (twitter: @ketaanhmshah). He sent these notes to me and they were compelling enough to share with the crowd. Some of these thoughts have been already been heard/seen/written about, but Ketan has collectively put together his ideas in…
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There are not many definitive bearish charts out there right now, but Cisco Systems is one of them. After failing to surpass some heavy resistance prior to earnings in August, the stock has been in complete distribution mode. Every rally has been sold, and there has not been much in the way of support levels…
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During this week’s webinar with Ben Lichtenstein from Tradersaudio.com, we talked about the futures trading pit and market action in general during a high-energy, super engaging chat. He also commented on the flash crash in May 2010, which made him famous. Watch now to hear more!
First Solar has been a hot one this year, trading much higher on occasion as news has mostly driven the stock. Volume has also been good with this one and this it’s been in a base-building mode of late, it appears ready to challenge the gap from early August. Closing the week over 40 was…
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