Halliburton Company (NYSE:HAL) was primed for a monster breakout on the stock chart today. The stock chart had a perfect bull flag setup, it just needed catalyst. Then it happened. Overnight, non-OPEC oil producing nations announced a cut in production. Oil surged dramatically going into today's action. This seemed like a perfect catalyst for a massive breakout....
Gold continues to try and make a bottom. Investors are looking to pounce on the Gold ETF $GLD but have no idea when to buy. I am here to reveal the exact time to buy. It is simple and something every investor can watch for. The time to buy gold is when the tracking ETF $GLD breaks above the trend line shown on the stock chart below. Once this happens, it will zoom...
As always, I am looking for quick score opportunities where there is a high reward, low risk stock chart setup. I found one in shares of Whirlpool Corporation (NYSE:WHR). This setup should yield a $10 move higher by Wednesday of this week, meaning it is a trade that should give you a $10 per share pop in three days. First, note the beautiful bull flag pattern...
What an epic fall on natural gas lately. The commodity tracking ETF $UNG has collapsed from $9.65 to its current $7.00 in the last month. This is a whopping drop of 27%. I love collapses like this because it means there will be a big bounce. If an investor or trader can analyze the commodity chart correctly, there is huge money to be made. I did it. After...
I am buying 5,000 shares of Bristol-Myers Squibb Co (NYSE:BMY). Just last week the stock reported stellar earnings and jumped sharply higher. Since then, in a week biotech/pharma market, $BMY has slowly pulled back. This slow pullback is called bullish consolidation and is actually setting up to rocket higher. With the stock trading off 52 week lows, it is a low...
The biotechnology ETF $IBB has limited upside near-term. The max upside is $306.75. This is the level that Pro Traders will be shorting. Notice below the range the $IBB has been trading in. When it hits $306.75, it will be the high end of the range. The downside could be huge on this trade, with the lower target of the range at $250.00. I post all of my trades...
Shares of Alcoa (NYSE:AA) bounced higher last week even as the stock market and commodities dropped. Today they are surging again and likely going higher as the stock has yet to hit any major resistance. The resistance level is at $27.00. This is the point where I am going to pull the trigger on a short trade. The stock will have been up over five days straight...
Shares of Facebook Inc (NASDAQ:FB) are collapsing. Investors who thought the company was invincible were wrong. While earnings were solid, guidance was definitely on the weak side. Considering every fund, investor and milk man was holding shares, there will be a lot of shocked sellers. If there is one lesson here, it is to never hold a stock that has gone straight...
The stock price of Apple Inc. (NASDAQ:AAPL) is falling fast as the markets remain weak into the elections. This is going to give investors like myself a great buying opportunity. After studying the stock chart, it appears the $107 - $105.50 range is the accumulation zone. As time goes on, the range will tighten as the two trend lines (seen in the stock chart...
Last week I shorted shares Amazon, Inc. (NASDAQ:AMZN) just hours before they reported earnings. I read significant stock chart signals that gave me a high probability signal they would miss earnings and the stock would plummet. I was right. I ended up scoring big on the trade. Many have emailed me asking where the stock is a buy? The answer is $690.00. Considering...
I will admit it, I love to buy and sell shares of Valeant Pharmaceuticals Intl Inc (NYSE:VRX). It always intrigues me to dabble in a stock where there is so much gray area on valuation. Some of my biggest gains have come from this. Anyways, I am loading a buy order on Valeant Pharmaceuticals for when it breaks the trend line shown in the stock chart below. Right...
There is an absolutely awesome short level on Goldman Sachs Group Inc (NYSE:GS) at $180.00 to short. This comes from institutional traders I know and I confirmed it on the stock chart. Check out the trend line below and notice how if Goldman Sachs jumps up to $180 it will tag the trend line which is resistance. That is where I will pull the trigger on a short....
I have my finger on the trigger to short Activision Blizzard, Inc. (NASDAQ:ATVI). $ATVI has had a monster run in 2016. In February 2016 the stock traded as low as $26.50 and currently is trading at $43.79. This is a whopping 65% move. The trigger is going to be the day it trades below the major up-sloping trend line. Once this happens, the stock crashes down hard...
I am buying 5,000 shares of First Solar, Inc. (NASDAQ:FSLR). The stock chart is one of the most beautiful bull flag patterns I have seen in some time and on the verge of the break out. The stock is trading just off 52 week lows which means it has significant upside potential. Overall, I view First Solar as a low risk, high reward swing trade. I verify my trades...
I warned of this over the last two weeks. The S&P 500 ($SPY) had a picture perfect bear flag pattern formation on the daily stock chart. Sure enough, the break down has begun. The S&P tracking ETF $SPY will likely continue to collapse to key supports at $206.75 and then $200.00. The $206.75 level is the daily 200 moving average while the $200 level is a double...
Gold miners continued to collapse as gold continued to sell. Investors are running for the hills, I am stepping up and buying heavily. I just bought a large chunk of $NUGT (3x Long ETF Gold Miners). Why? Because there was a master support level tagged today on the $GDX (Gold Miner ETF) at $22.75. There will be a large bounce off this price point, most likely...
The S&P 500 is hammering on a major trend line as seen in the stock chart below. This is the same trend line of support that has seen the market hammer on it many times over the last few weeks. It has not broken yet... The more it hits, the weaker the trend line becomes. Will this be the time it breaks? If the S&P 500 breaks through this level, the target is 2000....
The insanity continues in the semiconductor arena. The Market Vectors Semiconductor ETF (NYSE:SMH) surged higher as the whole sector got a major boost on rumors that Qualcomm is in talks to buy NXP Semiconductor. Like many other traders, I wonder about the timing on this news. The rumor was released just as the stock market was collapsing on Deutsche Bank panic....