The markets are tanking early in the morning. This is stemming from fears over Syria and the comments made by Secretary of State John Kerry. Intervention will occur and oil prices are spiking. With the S&P Futures dropping sharply, the play is at the double bottom from August 21st, 2013 at 1631.50. If you do not trade the S&P Futures then the SPY level is...
Tesla Motors Inc (TSLA) continues to power higher, ignoring valuation issues. The hype continues to be the story here and it has carried it up over 300% in 2013. Today however, the stock is speaking a new tune on a technical basis. First, the stock has a three bar surge on the daily. We find that major moves end on three bar surges. Next, the stock has an intra...
If Chevron Corporation (NYSE:CVX) is going to bounce, the spot revealed on the chart is where it will happen (Master Trend Line + 200MA). This is a major near term support and could possibly see a bounce on $CVX to $121.50. Down the line, this trend line will give way and the stock will go much lower but in the short run, this may be a solid swing trade...
One popular stock that many seasoned traders like to follow is General Electric Co (NYSE:GE). In the past, this stock was often viewed as a leading indicator for its diversity in numerous products and business's. Today, the highly followed stock is declining lower by 0.20 cents to $23.65 a share. Day traders should watch for intra-day support around the $23.50...
This morning, J.P. Morgan Chase & Co (JPM) is coming under early selling pressure. The leading financial stock is falling after a government investigation was launched into its Chinese hiring practices. The company has also come under pressure recently after the London whale trading scandal lead to two arrests and caused the bank a $6.2 billion loss. Recently, the...