Airline stocks have been flying high lately, perhaps consumers are showing signs of life again and are ready to travel. Oil prices are still down, which certainly helps margins, but even more important is that carriers have reported heavy load numbers. This means butts are in seats and potential profits are good. Other airlines have…
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The stock market’s strong comeback from the lows we reached just two weeks ago is the stuff legends are made of – and this legend is repeating itself. Just one year ago, we saw a similar rally occur on very powerful price action when the SPX 500 moved nearly 200 handles up the chart. The…
DetailsOptions Trading Webinar: How to Trade During Earnings Season A few weeks after the end of a quarter, publicly traded companies issue quarterly earnings reports. Traders call this earnings season, and most of us have a love-hate relationship with it. Love, because you have the chance to uncover great opportunities and make some great trades. Hate,…
DetailsBiotech stocks were hammered mercilessly to end the third quarter, and since then, some have come off their lows and moved sharply higher – Amgen being among that group. The name has been performing nicely on very strong volume over the past few weeks. Amgen Stock Chart (Nasdaq: AMGN) We currently have a buy signal…
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If I had a dollar for every time I was asked, “Are you a bull or bear?” I’d be a very rich man indeed – and I’m sure you would, too! I am often labeled a “perma bull” because many of my plays are on the bullish side of the market. Recently, though, I have…
DetailsOptions Trading Webinar: How to Manage Your Trading Fears During the Spooky Month of October October is a notorious month for traders and investors, as this is when big market crashes tend to occur. The Great Depression began on October 24, 1929. Black Monday began in Hong Kong and quickly spread west on October 19, 1987.…
DetailsHerbalife is one tough stock. Even though it has been mowed down by hedge fund managers, the company continues to grow their earnings and defy the odds. The chart is showing a nice upward trajectory as it emerges from a recent 10% pullback. The trend line is intact, while a breakout from the symmetrical triangle…
Detailsby Abigail Stevenson Just as the highest growth stocks in the market started to roll over, Jim Cramer was surprised to see that one of the slowest growing sectors out there has started to flying. Believe it or not, the old tech stocks are making a comeback. “After weeks of turmoil, we can not only…
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What happened on Friday? The action was pretty compelling, and it even seemed to be a holdover from earlier in the week. So, was that bull market activity – or just a fluke? Unfortunately, if we are truly in a bottom, then any movement to the upside is part of a long process. Reversal patterns…
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Options Trading Webinar: How to Trade Volatility and Futures With the VIX on a wild ride since late August, it was time to discuss some strategies around how to trade volatility, which, yes, is doable. Volatility has been with us and rising since the end of July, and it hit a crescendo in late August…
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