Last week week marked the beginning of my favorite sports-related time of year – the NCAA Basketball Tournament, or March Madness. It’s the only time I really get excited about sports for a few reasons: The tournament is wonderfully balanced; any team can win; a #1 seed has never lost in the first round –…
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The Fed will hold a two-day meeting this week, the first scheduled one chaired by Janet Yellen. The meeting will include a lot of new information, an update to the economic forecast and inflation expectations, the rate decision, and a press conference hosted by Ms. Yellen. I do not expect any change in the rate…
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Being a contrarian at heart, it’s not easy for me to play the options game. I have a really tough time playing for reversals, as trying to game tops or bottoms is a loser’s game. I prefer to confirm a reversal, jump in to take advantage of the “meat” of the move, and escape when…
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During this week’s webinar, I covered the state of the markets, specifically volatility. Thursday’s big down day was a great opportunity for everyone to learn about quick moves and how they effect the charts. I focused on volatility and its role in the day’s action; the VIX was definitely in play, and it’s time to…
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Apple (AAPL) is the stock that everyone loves to hate and hates to love – and it looks poised to make a move. Which direction, you ask? Good question, but the odds seem to favor a move higher, as the chart is showing us complete exhaustion (stalemate) at the current level. Volatility is at a…
DetailsPalo Alto Networks, Inc. (PANW) offers a network security platform for enterprises, service providers, and government entities. This is a red hot sector; PANW trades with peers such as INTC, FEYE, FFIV, FTNT and JNPR. On Friday PANW jumped 11.04% (+$7.67) on news that a mistrial was declared in its patent infringement suit instituted by…
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Many traders have been looking for a big drop in the markets, viewing it as an opportunity to get on board. What an awful position to be in, because, as we know, markets are not accommodating. They are going to do what they are going to do, which will only add to the frustration of…
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This week’s webinar was a blast, so if you missed it, take a listen below! As usual, I started the session with my “state of the markets,” during which I talked about different trade ideas and the VIX. Mish Schneider from MarketGauge.com joined me to discuss charts and trends. She also gave a wonderful analysis…
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When Bob Lang and Bryan Ashenberg started setting up their new stock-picking service, Trifecta Stocks, for RealMoney.com and TheStreet.com, they knew a deep dive into the strength of any given stock was the best way to pick surefire winners. The result: A groundbreaking triple filter feature that uses quantitative, fundamental, and technical analysis to sniff…
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The chart of Monsanto (MON) has started to spread its wings and could be heading for higher prices. The action of late is constructive and indicative of a sharp move ahead. Momentum indicators are showing a strong buy signal and price just lifted over some strong resistance. Given the nice volume of late and good…
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