The big biopharma company Biogen seems poised for an upside pop soon based on recent turnover and bullish price divergence. Back in April, the stock took a major tumble of more than 20% on heavy turnover. It now appears to have bottomed out. It made a nice morningstar pattern (circled) and a higher low on…
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It might sound odd to compare a childhood game with understanding how to trade low volatility – but hear me out. I played a game called pickle with my friends on a baseball field growing up. The goal is to run back and forth between two bases without getting tagged out. There is a lot…
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Options Trading Webinar: Are We in a Trading Bubble? If you listen to the business media, the answer is a resounding yes. With big names and the markets continually hitting new highs, it might appear that we’re in a trading bubble. But I’m a technician – I don’t care what it “looks” like. I only…
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Last week was an interesting one in the stock market, with plenty of fear and greed to go around. Excessive greed pushed Amazon, Google, and most indices to new highs. Fear led to some sharp sell offs. Surprised? Not really. By analyzing chart patterns, you can clearly see the human emotions and behavior that parallel…
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ICE (Intercontinental Exchange) has been on a roll this year, steadily making higher lows and higher highs on its way to a new high this week. Indicators are looking strong – this is definitely one to watch. Volume has consistently been strong on a breakout day, while relative strength has been solid. History indicates that…
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Options Trading Webinar: How to Trade Markets at All-Time Highs The one and only Toni Turner was back for another outstanding, education-packed options trading webinar. A consummate technical analyst and educator, Toni and I focused on how to trade markets that are roaring towards all-time highs. The current conditions have become tricky to navigate –…
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If you watch or read business news, you know that the big story is about low volatility (as measured by the VIX) is. You have also heard or read that a low number (which is kinda rare) is not healthy for markets. From a technical point of view, this is not accurate. In fact, a…
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Options Trading Webinar: Value Investing Tips from Tim Melvin My friend Tim Melvin was back for another great options trading webinar on value investing tips. A former stockbroker, Tim is the author of the Junior Chamber Course on Value Investing and a prolific blogger who specializes in deep value investing, special situations and activist stocks. During…
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Western Digital, a big player in data storage, has been steadily climbing higher all year long. It even tagged a new all-time high on Tuesday, May 30. This new action comes on the heels of robust earnings last month, when the stock pulled down to test a trend line. It now looks ready to reach…
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Many talking heads and so-called experts in the business media claim to have some sort of “super power.” They are able to make market predictions! The latest chatter has been a variation of, “The market is overvalued, and a massive correction or even bear market will soon get under way.” Though dozens of people have…
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