Seagate Looks Ready to Power Up! STX
A really nice inv head/shoulders pattern is about to be started here, I like the recent stock and option volume trends. The gap at 45 is near and a good first target but we may see some more beyond that.
In Defense Of The Fed: Opinions May Vary, But The Facts Don’t Change
“Every man has a right to his own opinion, but no man has a right to be wrong in his facts.” – Bernard Baruch Wow! Such disappointment Wednesday after the Fed failed to deliver on the “promised” taper – at least that was the expectation. It seems the consensus opinion in the what-will-the-Fed-do guessing game…
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Charting the Markets Qualcomm Seems Ready to Move Forward QCOM
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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Talkin’ Overbought Markets with Toni Hansen on Options Insights with Bob – 091913
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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Time For Games! EA Chart Looks Fantastic
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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Jim Cramer and Bob Lang go ‘Off the Charts’ with Biotechs – 091713 CELG, GILD, BMRN
“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…
DetailsUncertainties to be Cleared Up?
This 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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Charting the Markets – HLF 091213
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.
DetailsOptions Insights Webinar with Bob and Scott Redler – 091213
Today, 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.
Charting the Markets – BMRN 090813
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.