Today, I'm going to be looking at the financial sector to see which of the banking stocks look the strongest.
Here is a list of the five stocks I will be analyzing: Continue reading "The Banks Are Back!"
Category: Trading Videos
2 Stocks To Watch This Week
This week, you may want to keep your eye on 2 stocks:
AliBaba Group Holding LTD (NYSE:BABA) and Under Armour (NYSE:UA)
Both of these stocks are in positive trends and have seen a recent pullback from their highs. Is this a good time to buy?
Let's start with the chart of AliBaba and go through the numbers.
1. We have a +85 Trend Score as both the weekly and monthly Trade Triangles are positive, indicating a strong upward trend.
2. $120 is the all-time high for this stock and that was shortly after its initial IPO.
3. Major negative force trend line.
4.- 5. Positive divergence on the RSI line versus negative price action.
6. Breakout over the negative force trend line.
7. Trend change with the monthly Trade Triangle at $91.88.
What Are The Big Trends?
Today, the last trading day of May, I'm going to be looking at where the markets are in comparison to the last trading day of April.
Traders sometimes lose sight of the big picture and big market trends. That's where the monthly charts come in and are so useful.
If you just look at the action today you might think the general market was down for the month. The reality is that it's not down and is higher for the month. At the time of this writing, the S&P 500 index is up 1% for the month. The NASDAQ is doing even better and is up 2.4% for the month of May. The DOW is also positive with a gain of 1.3%. In fact, if you look at the charts, the S&P 500 is going to close at an all time monthly high - if nothing dramatically changes from now until the close. The same holds true for the NASDAQ which will be closing at its best levels ever on a monthly basis. Continue reading "What Are The Big Trends?"
Don't Let Choppy Markets Get The Best Of You!
Sometimes markets can be very frustrating when they lack direction and appear to be indecisive as to which direction they want to move. When that happens, I always take a look at the major trend, as that gives you a strong clue as to what the future is going to bring.
Every market cycle has its ups and downs and markets tend to go higher and lower than most people anticipate. It is just the nature of the beast.
In today's video, I'm going to look at the big picture in the Dow, NASDAQ and the S&P 500. Each of these indexes are microcosms of what traders are thinking. Continue reading "Don't Let Choppy Markets Get The Best Of You!"
7 Stocks That Are Set To Rip
Today I'm going to be looking at seven stocks that are very close to making a breakout and move to the upside.
As this is a shortened week with no trading on Monday, you will want to pay particular attention to how these stocks close this Friday. All of the stocks are well-known and are setting themselves up for continuation moves.
The seven stocks I will be looking at are: Continue reading "7 Stocks That Are Set To Rip"
