This Week On Wall Street
Education | Asset Management | TradingRecent Stories
ConocoPhillips Cruising
COP is having its best day of the year. COP is surging over 5% today following an upgrade(Mizuho goes to 'buy'). This powerful move is driving the stock to new June highs as the rebound off the June lows stretches to 10%. COP is setting up well for more upside. A...
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Energy(OIH) Update
The OIH(VanEck Oil Services ETF reaches new June highs. The OIH is trading at new June highs today. The index is up over 3% as it extends the rebound off the May/June lows to 13%. Major support near $13.00 is shaping up as a double bottom. This area marks the December...
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PSQ
Shorting the QQQ. If one wanted to hedge longs or just a trade based on a double bottom in the PSQ. You are looking at Weekly Chart.
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Under Armour Extends Pullback
UAA is approaching major support. Under Armour continues to back away for its declining 40 week moving average. At today's low the stock is off 9% from its June peak. A major support zone will soon come into play. This area includes the summer 2018 highs as well as...
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Coffee
Coffee is breaking out again. 20/20 says the recent pullback was a test of recent breakout or close to it (first arrow). Second arrow exit. Today's arrow is a fresh entry. Stop on a close is 99.
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Home Prices Hit New Highs
But the pace of increase is easing. The 3.5% rise is the slowest since 2012. Here's a look at home appreciation by city: Hat tip Charlie Bilello
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Activision Gets Active
ATVI breaking out? Shares of Activision Blizzard are beginning to activate. The stock has been basing in a narrow range since last December. As a new week begins ATVI is perking up. While there are still a number of overhead hurdles to clear we believe a fresh rally...
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GLD
Gold and GLD move comfortably again today above long term resistance.
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WMT
Stop moved from 100 on a close to 105.
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June Swoon?
Best June in over 60 years. Investors have been bearish for months despite the S&P 500 Index remaining near all time highs. Stocks will simply not go down to any measurable extent under these circumstances. Be aware of sentiment. It is your friend. Hat tip Ryan...
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