This Week On Wall Street

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ConocoPhillips Cruising

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

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

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

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

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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Activision Gets Active

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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June Swoon?

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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