A good baseball player who finds himself in a hitting slump never gives up. He keeps on swinging. No matter how hard it is or how much pressure mounts, he must keep trying to make contact with that ball. There are stories galore about athletes who hit major slumps but kept at it until they…
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This week’s webinar featured powerhouse hedge fund manager Frank Zorrilla, an experienced veteran who gave some great insight on how things are looking for the year ahead. As usual, Bob started off the webinar talking about recent market actions, including the dip that has plagued the indices, some charts of interest, and some of the better…
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After some poor earnings reports and suspect purchases, Broadcom was “put in the hole” by the market – but the company may start to dig its way out. The recent base, which you can see on the chart, clearly shows buying support above 26, and the current price appears to have breakout potential. Monday it…
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On Tuesday’s Mad Money show, Jim Cramer once again used my charts and technicals, this time talking up Apple as we approach the end of the year. From my perspective, Apple still looks robust and could make a surge toward $600 by end of the year. Cramer also brought on two other analysts, Carolyn Boroden,…
DetailsAs a technical analyst, my job is to find the most reliable and predictable patterns and judge whether or not they will repeat. That is a pretty big leap of faith, isn’t it? Well, if you follow charts and technicals, you find that the patterns represent the very emotions that guide market players. Look at…
DetailsThis week’s webinar started out with Bob introducing the charts and technicals of the markets. He provided his unique spin on what may be happening and highlighted trade ideas in UA, TSLA and the market volatility. This week’s special guest was Tim Seymour, a great strategist and Fast Money trader on CNBC. Tim spent a…
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The chart of GM is quite compelling. The stock is up and could continue to climb higher. Indicators are still bullish and showing great power, and volume has been strong with every move up. Additionally, option volume has been very bullish with strong call buying and risk/reversals day after day. This is potentially a great…
DetailsThis market has been ideal for stock pickers. How do I know that? Because market correlation is low and has been for nearly two years. Simply put, this means stocks can go up, down or sideways on their own merit without the influence of the macro. This is an important characteristic for a stock picker,…
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My Real Money Pro colleagute Ed Ponsi published a great article yesterday about the Apple chart, and I wanted to expand upon it. The recent high level base was on lower volume, which is what you WANT to see after a recent surge (we just had one in October). In fact, you can see that…
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Caesar’s (CZR) was a huge winner for us earlier this year, and now it appears the stock is giving us another chance to win at the casino and beat the house. The technicals took a turn for the better today on some pretty brisk turnover. The stock is showing some great relative strength and just…
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