I am not licensed or certified by any individual or institution to give financial advice. I am not a professional Stock trader. The S&P 500 has been in a Correction since February 2018. Some of you are worried about Corrections and Retracements and Down Markets. Don't be. They are a normal part of a Market life cycle. According to the Motley Fool, at fool.com,...
I am not licensed or certified by any individual or institution to give financial advice. I am not a professional Stock trader. Waste Management (Ticker: WM) is in a possible Flag or Pennant. I think it's near the end and about to get squeezed out one way or another, but I don't know if it will be Bullish or Bearish. You can see the trending Resistance Line it...
I am not licensed or certified by any individual or institution to give financial advice. I am not a professional Stock trader. Ford (Ticker: F) is in an Up Trend. Immediate area of resistance is the 100 Day Simple Moving Average sitting around $11.45. If it can blow past that it should reach my Resistance Trend Line around $11.80ish before coming back down to...
I am not licensed or certified by any individual or institution to give financial advice. I am not a professional Stock trader. Waste Management is Bearish. It is in a downtrend. The purple line angling down on the highs is the resistance line I have drawn for the downtrend. I have already purchased a Put (as you may be able to see on my notes on the screen) and...
I am not licensed or certified by any individual or institution to give financial advice. I am not a professional Stock trader. Pandora (P) is on a roll--literally. The horizontal Support and Resistance lines can be drawn in a couple different places depending on your risk tolerance or trading plan. The larger channel is a roll between $4.50 and $5.40. (green...
I am not licensed or certified by any individual or institution to give financial advice. I am not a professional Stock trader. I just published an idea regarding General Motors which covers a slightly different angle of the same idea I'll publish here. I won't go into as much detail with this one. This one is in line format and the other one is in candlestick...
I am not licensed or certified by any individual or institution to give financial advice. I am not a professional Stock trader. I recently published an idea stating I was bullish on General Motors because I saw a rolling pattern. If, after earnings, it continued up I would buy a bullish play. It did, kind of, and I bought a Call option on Friday as I saw the...
I am not licensed or certified by any individual or institution to give financial advice. I am not a professional Stock Trader. For the short term I believe ASNA is rolling. My prediction for the immediate future is it will continue down to one of my two Support lines (either $1.95ish or $1.85ish). Once Ascena hits one of those lines I believe it will bounce and...
I am not licensed or certified by any individual or institution to give financial advice. I am not a professional stock trader. I believe General Motors is in a rolling/consolidation pattern, at least for the short term. I have two possible support lines drawn. The bottom support line is drawn off the Gap from September 25, 2017 (it's possible to draw a third...
I am not licensed or certified by any individual or institution to give financial advice. I am not a professional Stock trader. I was asked my opinion on Entravision. You may have noticed I switched from Candlesticks to Line chart format for this one; I think in this instance it gives this particular Stock chart an easier read. The up front answer is--don't touch...
I am not certified or licensed by any individual or institution to give financial advice. I am not a professional stock trader. Someone messaged me and asked my opinion on CYS. The short answer (no pun intended) is it's a big angry mama bear right now, in my amateur opinion. It's been mostly bearish since 2012 (I don't think I zoomed out enough in the above chart...
I am not licensed or certified by any individual or institution to give financial advice. I am not a professional Stock trader. I think Kroger will have a brief retracement, or go sideways for the next few days or couple of weeks. Today (Monday, January 22, 2018) it formed a Hanging Man Candlestick. This is often a sign of reversal, but not always. The green...
I am not licensed or certified by any individual or institution to give financial advice. I am not a professional Stock trader. I see a possible Pennant pattern forming for Glu Mobile. I will consider a bullish buy (Stock or Call Option) if GLUU breaks above $3.85ish and maintains a price above $3.90ish. Possible optimistic exit prices would $4.37ish (from back...
I am not certified or licensed by any individual or institution to give financial advice. I do not consider myself a professional stock trader, and most people would agree with me. I currently have shares in Ford for a long term hold. I just purchased two call options (March 16, 2018 expiration at Strike 13; Options Ask Price $.50, Stock Price was $13.26) in Ford...
Nasdaq will continue down to 6890/6880 ish before bouncing off the blue line I've drawn (not because I drew that line; I drew that line because for the past few months that's the pattern this index has followed) and continue a Bullish Up-Trend. I am not a professional. I am not certified or licensed by any individual or institution to give financial advice. I am...
I just learned about Elliot Wave so I decided to try and apply it to Ford. See my immediate preceding two publications for a more in depth analysis of Ford. The very top resistance line I drew (the number 5 spot at the top of the wave) is based off a resistance from about a year ago--December 09, 2016 and January 04-05, 2017. I plan to wait for a bounce off the...
I am not a professional. I am not certified, licensed, or employed by any person or institution to give financial advice. I currently have shares of Ford I plan to hold for the long term and am considering purchasing a long term Call Option in Ford. I am going with Ford for the long term. If you want a short term analysis of Ford, look at the post I published...
I am calling a short term retracement and long term Bull for Ford. I think it is currently consolidating, or building up pressure, to break out of a roll and continue it's up-trend. From the beginning of October 2017 through the end of November 2017 it consolidated/rolled between a $12.00 support and a $12.40 resistance. That is after dropping to a $10.47 low in...