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…Details
When volatility is up and rising in markets, would you rather be a buyer or seller of option premium? Actually, you would rather be a buyer if you were a momentum player, especially when markets are trending up or down. Contrarily, when volatility is flat and low you might want to hedge when options are…Details
Bob started off talking charts and markets and some recent plays. He introduced Toni Turner, a fantastic educator and mentor who mentioned about her charts and technical view of the markets. She and Bob fielded some questions as well, noting there could be a nice turn higher soon.Details
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.
“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…Details
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…Details
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…Details
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…Details
“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…Details