BIDU was looking like a potential triangle breakout but it breached the 89 DMA for first time in almost a year. I was stopped out at $399. China has been weak for about a month now. Many stocks such as JST are at attractive buy points but I haven’t decided yet whether to buy [...]
Let’s start by taking a look at some basic moving averages and any changes from last week so that we can get a basic pulse on the market. Sometimes it is helpful to remind yourself of the obvious. You generally won’t make money shorting stocks when the major averages are above their 50, 200 and [...]
Last week I titled my Sunday post “What Will The Weekly Price Bar Look Like?” I chose that title for the purpose of pointing out not to get caught up in the daily gyrations. Last week was a whipsaw fest for those that traded directionally. One week later we can see that the market [...]
More earnings out this morning. Today some of the big names are AGCO, AKS, BYD, BP, TXT, VLO and WYNN. BIDU also reported disappointing earnings after the bell yesterday and is trading down 17%.
BP is currently up about 4% in the pre-market to $58. I mentioned on Sunday that USO was bumping up [...]
A tight overnight range of 1075-1083. No major earnings coming out today. One stock I’m keeping an eye on is BIDU.
The stock moved over its all time high on volume on Friday. I’m watching how earnings go today and I’ll be looking for an appropriate entry.
NFLX had a good earnings report and [...]
One publication that I often check out on Saturday is Investor’s Business Daily. The newspaper provides a list of its IBD 100 list. For those not familiar with IBD, I think it is fair to call the IBD 100 list a list of bullish momentum stocks. It can therefore be a good spot to find [...]
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