I made this trendline pattern in November 2017 when one of my clients wanted to buy T and we bought and I advised on the trade to sell in late January when T touched the top of the trend line. Once again, T has given a golden opportunity for a 4% to 6% run between the current level to the top of the trend line. A 6% div that pays you to wait on the trade form is...
JNJ is yet another giant trading under the 200SMA. Even though we had a strong earnings beat last week JNJ was not protected from the dip. When the inevitable bottom is formed, I will be looking at these large caps under the 200 for bargain buys. Hard to say what the near term status is for JNJ, following that of the market. I would be looking for buys in the...
The latest data has beaten the expectations of analysts and is in oversell condition it's a great opportunity to insert a large company in portfolio
VRX may, at first glance, look like the bloodshed is over and is moving to recovery. Not just yet. The daily MACD and StochRSI are inching toward sell indicators (see screenshot) and despite the markets upward movements today (Mon 12/14), VRX's recovery was pretty modest as more shareholders exit as they see the fall incoming. Bottom line: Put options are a...
I reinstated my short on SPY this Friday at the open, after riding the first down-and-up wave of the year. My rationale: Technicals: RSI divergence on since the early December highs; strong rejection of the Pivot point at the 205.50 area, 206 seeming to be the area of strong selling pressure. The market bounced off the Ichimoku Cloud top on Tuesday, but it seems...