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Jun 26 2018 - Harley Davidson, Marriott, Red Hat At Key Levels... |
The major indexes bounced slightly on Tuesday. The short-term technical bias remains neutral to bearish. HOG, MAR and RHT are all testing key support levels. Downside targets are provided inside the video, with Marriott's target as much as 25% lower. We also discuss TSLA, CVS, TSRO and more. Have a great day! |
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Jun 25 2018 - Tech Gets Hit, Staple Stocks Jump Higher |
The broad markets got hit with some selling pressure on the heels of the Supreme Court opening the door for individual States to tax internet purchases at their discretion. Keep an eye on the 50-day & 200-day SMA's as key support levels for the near-term. Staple stocks (via the XLP ETF) did very well today... CLX, HSY, KHC, GIS, PG and more all finished slightly to significantly higher. We also discuss AAPL, GOOGL, AMZN, NFLX, NVDA, ADBE and more. Have a great day! |
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Jun 24 2018 - SPY & DIA Having A Little Trouble, AAPL Rolling Over... |
SPY (S&P 500 ETF) and DIA (Dow ETF) are both having a little trouble heading higher right now, with the Dow performing the worst of the big 5 index ETFs. $VIX still remains low, which is bullish for equities. We also discuss APC's breakout, TSRO's follow through, RHT's big drop on earnings, Apple's breakdown plus FFIV, AMZN, GOOGL, IWM, MDY, QQQ and more. Have a great week ahead! |
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Jun 21 2018 - Dow Breaks Down |
The Dow Jones ETF (DIA) is now down eight days in a row and has broken the uptrending channel we've been highlighting. The other index ETFs are still holding up reasonably well. Tapestry, formerly Coach, (TPR) has now penetrated the gap down from May 1. Upside technical targets are up to 15% higher as a result. We also discuss BIG, SKX, NVDA, ADBE, VIX, MDY, IWM, SPY, QQQ and more. Have a fantastic Friday! |
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Jun 20 2018 - Hot Stocks To Watch: Camping World, Thor, Tesaro... |
Camping World (CWH), Thor (THO) and Tesaro (TSRO) are all technically breaking out to the upside (targets inside the video). LFIN, MUSA and CVS (yesterday's stocks to watch) all performed well on Wednesday! We also discuss PLAY, SBUX, NFLX, DIA, IWM, SPY and more. Have a great day! |
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Jun 19 2018 - Stocks To Watch: CVS, LFIN, KHC, MUSA |
The markets gapped down upon the open on fears of additional 'trade wars'. But by day's end, the bulls had stocks finishing at the highs of the day. We also discuss SBUX, AAPL, AMZN, NFLX, KHC, PG, MUSA, CVS, LFIN and more. Have a great day! |
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Jun 18 2018 - Coach Looking Good, Hershey Acting Squirrely |
Tapestry (TPR), which consists of brands like Coach, Kate Spade & Stuart Weitzman is getting close to entering its 'gap down' from earnings in early May. If the stock completes a 'gap fill', there is approximately 20% of technical upside potential. Hershey (HSY) is acting 'squirelly' with its back and forth action. We outline a 'last technical line in the sand' on the chart. There was no change in the major indexes today (bulls still in charge). We also discuss GOOGL, HSY, KHC, ADBE, MMM and more. Have a great day! |
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Jun 17 2018 - Russell & Nasdaq Leading The Charge |
The IWM (Russell 2000 ETF) is leading the charge higher, with the Nasdaq (QQQ) a close second. MDY (Midcaps) is third, followed by SPY (S&P500) and DIA (Dow Jones). $VIX is now below 12, which is also bullish for equities. We also discuss Hershey's (HSY) rebound along with PG, GIS and PEP's breakouts. Plus we also cover TLT, GLD, SLV, GDX, IRBT, ICPT and more. Have a great day! |
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Jun 13 2018 - NFLX Soars, HRB Crashes |
The Fed raised interest rates 0.25% and hinted at two more rate hikes this year yet. Overall, the markets finished mixed on the day. HSY gapped down up on the open and we outline a new potential 'show me' number to see if the today was just a shakeout. We also discuss XLF, NFLX, SYK, HRB and more. Have a great day! |
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Jun 12 2018 - Hershey Breaks Out, Watch IRBT & ICPT |
Last night we highlighted Hershey (HSY) as a 'stock to watch'. Well, that didn't take long as the stock broke out today with a close above its 50-day SMA. IRBT & ICPT are also on a bullish run with potentially substantial technical upside targets (inside the video). We also discuss Stryker (SYK)'s second consecutive day of massive selling pressure, ADBE, UAA, QQQ, IWM and more. Have a great day! |
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Jun 11 2018 - Proctor & General Mills Breaking Out, Watch Hershey |
The major index ETFs finished slightly higher today, while MDY lost a whole penny. XLP (Staples ETF) is breaking out, making it a second day in a row above its 50-day SMA. GIS also broke out nicely today, while PG is looking good too. Keep an eye on Hershey (HSY) as the stock is getting close to jumping over its own 50-day SMA. We also discuss TSLA, FIT, PEP and more. Have a great day! |
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Jun 10 2018 - Midcaps Leading The Way Higher |
The Midcaps ETF (MDY) is the current 'leader of the pack' as the indexes push higher. The bulls have solid control the daily trend. The $VIX is sub-13, which is also bullish for equities. MMM (3M), Fedex (FDX) and Coach (TPR) all are in break out mode. Under Armour (UAA) continues to be a seasonal rockstar. We also discuss TLT, AAPL, FB, GOOGL and more. Have a great week ahead! |
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Jun 7 2018 - Tech Looking A Little Tired |
Tech stocks across the board look a little tired on the daily charts right now. In tonight's video we take a look at the 'SMI Indicator' in evaluating when the current trend might need a break. We also discuss MCD's breakout, MMM getting close to breaking out along with WLL, NKTR, FSLR, XLP, FB, AMZN, AAPL, GOOGL and more. Have a fantastic Friday! |
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Jun 6 2018 - Dow Leads Charge & TSLA Soars |
The DIA (Dow ETF) led today's buying binge into the close by jumping 1.36%. IWM hit new all-time highs again. MDY has now joined the new all-time club with its own 0.83% rise. Under Armour (UAA) just keeps on chugging higher during its seasonal period. We also discuss FOSL, LB, FDX, TPR, TSLA and more. Have a great day! |
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Jun 5 2018 - AMZN & M Jump, WYNN & RCL Dump |
IWM and QQQ closed at new all-time highs today, while SPY & DIA finished essentially unchanged. AMZN and UAA continue their seasonally bullish runs right on schedule, with AMZN adding 31 points and UAA soaring another 3.61% today. WYNN and RCL both had bad news today. WYNN's support is at least another $10 lower at the 200-day SMA while RCL could be in for a world of hurt before it hits major technical support. We also discuss SOHU's nice move along with M, FL, FOSL, BITA and more. Have a great day! |
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Jun 4 2018 - Google, Baidu, Under Armour on Fire |
The stock bulls continue to win the race as the QQQ's (Nasdaq 100) and IWM (Russell 2000) closed at new all-time highs. GOOGL, BIDU & UAA are on fire right now. AAPL and BABA are also performing well. We also cover AMZN and UAA's seasonality in tonight's video. Have a great day! |
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Jun 3 2018 - Bulls Send QQQ's Ripping Higher |
The QQQ's soared on Friday and they're leading the charge higher heading into this week. AAPL hit new-all time closing highs, GOOGL broke out (and is now playing catch up), while AMZN continues to ride higher during its seasonally bullish period (right on schedule). We also discuss FB, NFLX, NVDA, XHB, XLU, XLP, XLF, SPY, DIA and more. Have a great week ahead! |
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Jun 1 2018 - Jobs Data Has Futures Jumping |
May's jobs data has the stock market rising in early trading. The stock bulls still retain the edge on the daily charts of SPY, DIA, QQQ & IWM. We also discuss EEM, LB, TSRO, FB, ADBE, AMZN, TLT and more. Have a fantastic Friday & great weekend ahead! |
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May 31 2018 - Nasdaq & Russell 2000 Lead Reversal |
After Tuesday's market pullback, the bulls stormed back on Wednesday with the IWM (Russell 2000) hitting new all-time highs again. We also discuss VIX, TLT, UPS, OLED, COHR, SPY, DIA, IWM, MDY and more. Have a great day! |
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May 29 2018 - Banks Send S&P Lower |
Bank stocks took it on the chin today, with Morgan Stanley (MS) down 5.75%, JP Morgan (JPM) losing 4.27% and Citigroup (C) dropping 3.99% (all on a spike in volume). The selling pressure from the financial sector sent the SPY back below its 20-day EMA for the time being. Bonds (TLT) on the other hand, rose sharply higher and closed above their 200-day SMA. We also discuss STT, NTRI, KODK, CAR, HTZ, NFLX, COHR, OLED and more. Have a great day! |
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May 27 2018 - Bulls Have Edge, Watch FL & ROKU |
The Russell 2000 remains the strongest of the 4 major indexes, sitting near new all-time highs. QQQ's are in second place right now, followed by SPY and DIA. $VIX is sub-14 and this all adds up currently to a bullish technical picture for the markets. Foot Locker (FL) jumped 20.16% on huge volume Friday. Upside technical targets are still another 20%+ higher. Roku (ROKU) broke out on Friday and its technical upside target is also 20%+ higher. We also discuss UPS, ROST, TSRO, CARA, AMZN, AAPL, SOHU and more. The U.S. Markets are closed on Monday in observance of Memorial Day. Have a fantastic day! |
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May 24 2018 - Watching LB & BBY Takes A Hit |
The major indexes dipped intraday but finished essentially unchanged. The bulls retain the edge heading into the three-day holiday weekend. LB (L Brands), which owns brands like Victoria's Secret, Bath & Body Works, PINK, Bigelow and others, popped 3.44% on earnings today. The stock has had a really tough year, losing nearly 50% of its value since January. Keep an eye on the 50-day SMA, as a close above it would constitute a technical breakout. We also discuss BBY's earnings gap lower, NTRI, TLT and more. Have a fantastic Memorial Day Weekend ahead! |
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May 23 2018 - There Goes Netflix! |
The major indexes gapped lower to start the day but finished near the highs by day's end. We've highlighted the ascending triangle pattern on Netflix (NFLX) lately and today it busted out with authority. The stock soared $13.10 (+$3.95%) on solid volume. An 8-day or 20-day EMA could be potentially considered as a momentum end-of-day trailing stop. We also highlight Red Robin (RRGB), Nordstrom (JWN) and GLD's seasonal pattern over the 8 to 12 weeks. Have a wonderful day! |
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May 22 2018 - SPY Bearish Engulfing, JCP & SHLD Race To Zero |
The major index ETFs gapped higher this morning and finished towards the lows of the day resulting in 'bearish engulfing patterns'. However, the indexes mainly still finished above the 5-day EMAs and volume was also generally light. Overall, this was simply a 'down day' and nothing more. JC Penney (JCP) and Sears (SHLD) seem to be on a race to 'zero' and we talk about (from an educational perspective) on why 'shorting' these two stocks could be a horrible idea. We also discuss KSS, MU, KODK, IYT, TSLA and more. Have a fantastic day! |
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May 21 2018 - Midcaps & Transports Breaking Out |
The Midcaps (MDY) and Transports (IYT) have now joined the break out party. They are not at new all-time highs just yet, but MDY cleared a previous high and IYT broke out of a multi-month consolidation pattern. We also discuss RRC, KODK, APHQF, YRCW, RIOT, NFLX and more. Have a great day! |
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May 19 2018 - Bulls Winning & AAPL/AMZN Coiling... |
The Russell 2000 ETF (IWM) continues to set new all-time closing highs. SPY, DIA and QQQ are lagging but remain neutral to bullish on the daily charts heading into this week. Apple (AAPL) and Amazon (AMZN) are 'coiling' right now and could reignite a bullish market run. After hitting new all-time highs two weeks ago, both tech leaders have gone nowhere fast since. One good piece of news could send these two (and the tech market) jumping higher. One other stock 'coiling' is actually the Transports ETF (IYT). The ETF has been trapped for 3+ months between $180 and $195. If it breaks out to the upside, it could add further bullish fuel to the fire. We also discuss TSLA, CAH, GS, SOHU, FLR, K and more. Have a great weekend! |
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May 16 2018 - Bulls Doing Just Fine |
Despite Tuesday's gap down in the major indexes, the bulls still get the edge on the charts heading into Thursday. The IWM (Russell 2000 ETF) hit new all-time highs again today, while the VIX lost 8.27% and is now back below 14 again. We also discuss FB, AAPL, NFLX, NVDA, AMZN, GOOGL and more. Have a great day! |
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May 13 2018 - Bulls Taking Back Control |
The bulls made strides this past week as IWM (Russell 2000 ETF) hit new all-time highs, while SPY, DIA and QQQ closed above previous swing highs. $VIX fell to 12.65. This all adds up to the bulls having the edge as the week begins. Keep an eye on the 200-day SMA to the downside if selling comes back into the market. We also discuss, SMH, XLF, XLU, SYMC, FB, AAPL, AMZN, NFLX, NVDA, GOOGL and more. Happy Mother's Day to all the Moms out there! |
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May 10 2018 - QQQ's Racing Towards All-Time Highs |
The QQQ's jumped another 1.04% today and at this pace, they will be at new all-time highs by next week sometime. SPY jumped above its previous high, which is another bullish sign for the markets. IWM is now only a mere six cents away from new all-time closing highs. Nvidia (NVDA) is trading down about $5 (as of this video) on the heels of its latest earnings report. Kellogg's (K) appears ready to end its long-term downtrend as it closed above its 20-day EMA. We also discuss WMT, TPR, GE and more. Have a fantastic Friday! |
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May 9 2018 - Nasdaq Breaks Out |
The QQQ's jumped 1.09% and closed above the previous swing high set back on April 18th. This now shifts the daily charts to more of a neutral-to-bullish view. The bulls are slowing making progress across the board. Continue to keep an eye on the 200-day SMA if any selling pressure resumes as it remains a big line-in-the-sand support level. We also discuss TWLO, ROKU, FOSL, WB, SMH, XLF and more. Have a fantastic day! |
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May 8 2018 - Blue Apron Breaking Out & GOGO Gets Creamed |
IWM (Russell 2000 ETF) continues to lead the charge higher. The Dow at one point was down triple digits before finishing the day unchanged. The $VIX and $RVX remain 'calm' as the indexes consolidate. Blue Apron (APRN) tacked on 11.37% and is now breaking out to the upside (technical targets inside the video). Gogo (GOGO) lost 35.66% today on the heels of a credit downgrade. If 'protective puts' were used for earnings a few days ago, they would have literally saved some serious bacon today for GOGO shareholders. We also discuss FLR, ADBE and more. Have a great day! |
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May 7 2018 - AAPL, ADBE, NVDA Leading Tech Higher |
AAPL did come off its higher but still finished up 0.72%. ADBE & NVDA are now within pennies of hitting new all-time highs as well. SOHU closed above the 50-day SMA today, albeit on lighter volume. We also discuss SPY, DIA, IWM, QQQ, IFF, TSLA and more. Have a great day! |
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May 6 2018 - Bulls Defend 200-day... So What's Next? |
The SPY and DIA both defended their 200-day SMA's this past week once again. The 200-day SMA is definitely a technical line-in-the-sand. A close below that key institutional level could open up another wave of selling pressure. In today's video, we also outline upside targets as well. It was revealed this past week that Berkshire added to its stake in Apple (AAPL), which helped send the stock to fresh new all-time closing highs on Frday. We also discuss TSLA, FB, NVDA and the Consumer Staples ETF ( XLP). Have a great week ahead! |
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May 3 2018 - SPY & DIA Bounce Off 200-day MA |
S&P 500 ETF (SPY) and the Dow Jones Industrial ETF (DIA) both tagged their 200-day SMAs intraday before bouncing off their lows. The overall trading range continues for now. Cardinal Health (CAH) sold off hard today (losing 21.42%) and its next major support level could be 20 to 25% lower! We also discuss GIS, AMZN, AAPL, GS and more. Have a fantastic Friday ahead! |
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May 2 2018 - EL, SPOT Crushed By Earnings |
SPY, DIA and QQQ all finished in the red today but still remain in their overall trading ranges. IWM actually finished up on the day. Estee Lauder (EL) and Spotify (SPOT) both got whacked today on the heels of their earnings report. EL lost over $12 and broke below its 200-day SMA, while SPOT is falling approximately $14 in after hours trading tonight. We also discuss PYPL's technical downside target now that AMZN is getting into the digital payment space, along with FB, AAPL, TSLA and more. Have a great rest of the day! |
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May 1 2018 - Apple Earnings & $100 Billion Buyback |
Apple (AAPL) came out with earnings after the bell tonight and is trading slightly higher as a result. While the company 'beat' earnings, iPhone sales seem to have disappointed some expectations. The company also announced it will initiate a $100 billion share buyback. We also discuss TPR (Formerly Coach), SNAP, GRUB, SOHU, STX and more. Have a great week! |
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Apr 29 2018 - Trading Ranges & Breakouts |
The major indexes did take back most of Tuesday's losses by week's end, but they continue to trade inside their respective trading ranges. With earnings season in full swing, we do have quite a few stocks breaking out. One stock in particular to keep an eye on is TSCO. We also discuss two Bollinger Band examples on CMG & TSCO, along with AAPL, DUK, SPB, FB, AMZN and more. Have a great week ahead! |
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Apr 26 2018 - AMZN Soaring Over $100 After Hours |
Amazon (AMZN) ripped higher during regular trading hours today to the tune of $57.79 (+3.96%). They reported earnings after the bell and now the stock is up another $100+. The Shorts are on the run! Chipotle (CMG) is another stock that had the 'shorts taking it in the shorts', jumping a whopping $82.98 (+24.44%). We also discuss INTC, FB, DUK, TSCO, SPB, DIA, SPY, QQQ, SLV, GLD and more. Have a fantastic Friday! |
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Apr 25 2018 - Facebook & Chipotle Jumping After Hours |
The major indexes came off their respective lows and ended the day slightly in the green... remaining above their 200-day SMAs. Facebook (FB) is up about $11 and Chipotle (CMG) is jumping $35 in after hours trading as of this video. CMG has the biggest upside potential based on technical analysis targets. We also discuss NSC, OC, PYPL, DIA, SPY, IWM, QQQ and more. Have a great day! |
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Apr 25 2018 - Markets Sell Off & What To Watch For |
Yesterday, the major indexes sold off with an increase in volume but they still remain range bound and they are holding above their respective 200-day SMAs. The day-to-day trend is bearish but the multi-month trend going back to January remains neutral. We also discuss the FANG stocks... FB, AAPL, AMZN, NFLX, NVDA & GOOGL. We'll have another video tonight recapping Wednesday's action. Have a great day! |
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Apr 23 2018 - GOOGL Reverses After Hours & IBM Hits Target |
GOOGL announced earnings after the bell tonight and it initially jumped to $1123.99/share. Minutes later, the stock reversed course and even traded in the red for the day producing a $50 turnaround. IBM has hit its downside target. TSLA rolled over and its downside target is now near $250. We also discuss DIA, SPY, QQQ, IWM, SKX, SLB, HAL and more. Have a great day! |
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Apr 22 2018 - Markets Range Bound To Start Week |
The major indexes gave back some of their gains at week's end, resulting in the January to current day trading range to continue. Gold and Silver remain range bound as well, while Bonds (TLT) are starting rolling over again. With Earnings Season in full swing, the value of a Protective Put (aka Long Put Option) is definitely in the spotlight. In today's video we use MAN and SKX as two more examples of how the protective options can potentially save a portfolio... plus we revisit BBBY. We also discuss IYT, AAPL, NFX and more. Have a great week ahead! |
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Apr 19 2018 - Earnings Send PM, SKX Crashing |
The major indexes finished in the red today but they remain above their 5-day EMAs, keeping the bulls in control of the short-term trend. Phillip Morris (PM) crashed 15.58% and in after hours trading, Sketchers (SKX) is down 20%+ as of this video. Both stocks are great examples of how long put options can be so valuable in protecting capital. We also discuss AXP, CLX, TSM, AMAT, KBH, SO, NVDA, TSLA, PG and more. Have a fantastic weekend ahead! |
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Apr 18 2018 - Transports Close To Break Out |
The major indexes finished essentially flat on the day. The Transports ETF (IYT) is on the verge of breaking out of its recent range. We also discuss DVN, NFX, ROKU, BBBY, FB, AAPL and more. Have a great day! |
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Apr 17 2018 - SPY, DIA, QQQ Leap Over 50-day MA |
SPY, DIA and QQQ all leapt over their respective 50-day SMAs today, giving the bulls the short-term edge on the charts. Overall though, all three of these indexes still remain range bound going back to February of this year. We also discuss VMW, SO, NFLX, UNH, TWTR, BMY, ADBE, AMZN, AAPL and more. Have a great day! |
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Apr 16 2018 - NFLX Soaring After Hours |
NFLX is soaring after hours, adding reportedly more than 1 million more subscribers than expected. TSLA is starting to roll over again, while VMW is getting close to a break out. We also discuss SO, FL, DIA, QQQ, IWM and more. Have a great day! |
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Apr 15 2018 - SPY & DIA Rejected at 50-day SMA |
SPY & DIA were stopped cold at their respective 50-day SMAs on Friday. As we head into this week, both SPY and DIA remain in 'neutral' technical territory on the short-term charts. Earnings Season will be in full swing this week so we can definitely expect some individual stock volatility. Energy stocks continue to perform well like APA and HAL. We also discuss XLE, SLB, CNQ, SOHU and NFLX. Have a great week ahead! |
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Apr 12 2018 - Banks Report Friday & BBBY Put Pays Off |
The Banks start reporting on Friday morning with Citigroup, PNC, JP Morgan and Wells Fargo. Bed Bath and Beyond (BBBY) was hammered today, losing 19.95%. We use BBBY as a 'protective put example' and how it could have saved traders a tremendous amount of capital (and angst). We also discuss CANN's push 'higher' today, along with SOHU, TSLA, SKX, DIA, IWM and more. Have a fantastic Friday! |
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Apr 11 2018: Stocks To Watch: HAL, SLB, DVN, CNQ, SKX |
The major indexes pulled back a bit today, while IWM continues to outperform. The recent stocks we've been highlighting like HAL and CNQ are breaking out nicely and now SLB & DVN are getting closer and closer to doing the same. SKX is a strong seasonally bullish stock this time of year and it too is starting to break out. Have a great day! |
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Apr 10 2018 - Oil Stocks On The Move |
The major indexes bounced nicely today, with IWM looking the strongest followed by QQQ, DIA and then SPY. Oil stocks, like HAL, are starting to break out to the upside. Others on the watch list now include SLB and DVN. We also discuss MCD, F, CNQ, SKX and more. Have a great day! |
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Apr 9 2018 - Markets Give Back Gains Into Close |
The major index ETFs gave back most of their earlier gains as the day came to a close. The 200-day SMA remains critically important to watch. In tonight's video, we also discuss GLD, SLV, GDX, SIL, PIR, TSLA and more. Have a great day! |
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Apr 8 2018 - Markets at Key Support as Earnings Season Arrives |
SPY, DIA, QQQ & IWM are all close to their respective 200-day SMAs as earnings season begins later this week. Earnings season could send the markets down to their next major support levels (which we highlight inside the video) or put an end to the pullback. We also discuss FANG, NKTR, LEN, FB, AAPL, AMZN, NFLX, NVDA, GOOGL, DAL, FAST, BBBY, JPM, WFC, C and more. Have a fantastic week ahead! |
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Apr 5 2018 - Stocks To Watch: NOC, SOHU, CNQ, SKX, APA |
The major indexes added to yesterday's impressive gains. The QQQ's and IWM have the easiest path higher vs. DIA and SPY. We also discuss seasonally bullish stocks like SOHU, SKX and CROX, along with BTSC, CNQ, APA, FB, AAPL, NFLX, INTC, NOC and more. Have a fantastic Friday! |
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Apr 4 2018 - Dow Reverses 900 Points |
The markets had a wild ride from the middle of the night to the end of today, with the Dow staging a staggering 900+ point reversal. There are tons of bullish engulfing patterns abound, but many stocks did not clear their 5 or 20-day EMAs so caution is still warranted. We also discuss VIX, XLF, SMH, F, GM, CROX, CVS, LEN, ADBE, GOOGL, AMZN, AAPL, NFLX and more. Have a great day! |
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Apr 3 2018 - Markets Bounce But Keep An Eye On The 200-day MA |
The SPY bounced off the 200-day SMA again today but still remains below its 5 & 20-day EMA. The 200-day SMA needs to be watched on all the major indexes right now as a key line-in-the-sand. A close below the 200-day SMAs, could open up another round of selling pressure. We also discuss Bitcoin Services' (BTSC) jump today, along with F, LFIN, CNQ, FB, AMZN, GOOGL, NFLX, QQQ, IWM and more. Have a fantastic day! |
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Apr 2 2018 - Manic Monday Sell-off |
The S&P 500 ETF (SPY) traded below the 200-day MA today before reclaiming it by day's end. The Russell 2000 ETF (IWM) tagged its 200-day MA before bouncing into the close. The DIA and QQQ remain above their own 200-day MA and also bounced off their lows by day's end. The bears continue to have the edge right now. We also discuss $VIX, SMH, IYT, XLF, XRT, INTC, AAPL, AMZN, NFLX, ADBE GOOGL, FB and more. Have a great day! |
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Mar 29 2018 - Markets Bounce But... |
The broad markets bounced today but they remain technically bearish heading into a three-day holiday weekend. Bullish and bearish targets given inside today's video. We also discuss MCD, JAG, LFIN, LULU, FB, AAPL, AMZN, GOOGL and more. Have a fantastic holiday weekend! |
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Mar 28 2018 - Tech takes it on the chin again |
Tech stocks had another tough today with the QQQ's losing 1.15% and the Semis (SMH) losing 2.22%. TSLA, AMZN and NFLX were some of the worst performers. We also discuss BIDU, LULU, DB, NVDA, DIA, IWM and more. Have a great day! |
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Mar 27 2018 - QQQ's Get Crushed As Markets Rollover |
The QQQ's led the decline today, losing 3.24% and printing a 'bearish engulfing candle' in the process. The Dow lost about 500 points in 20 minutes right before the close. There are now a plethora of 'bearish engulfing patterns' on ETFs and individual stocks as a result of today's reversal. The bears maintain the edge on the short-term daily charts. We also discuss TSLA and NVDA's tough day, along with FB, AAPL, AMZN, GOOGL, AMZN and more. Have a great day! |
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Mar 26 2018 - Is this the bottom? |
With no additional 'bad news' occurring over the weekend, the bulls sent the markets soaring on Monday. The QQQ's led the charge by adding 3.72% on solid volume. There are only 4 total trading days this week (US Stock Market is closed on Friday) and 'holiday weeks' usually side with the bulls. The real action will be next week and we comment further on that scenario inside tonight's video. We also discuss SMH, XLF, GLD, FB, AAPL, AMZN, NFLX, NVDA, GOOGL, RTN, LMT and more. Have a great day! |
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Mar 25 2018 - Market Sell Off Intensifies |
The markets sold off into Friday's close, giving the bears the upper hand once the trading begins on Monday. QQQ's led the decline losing 2.64%, followed by IWM down 2.15%, SPY fell 2.13% and DIA lost 1.77%. Interestingly, Friday's sell off did not come with well above average volume. $VIX rose only 6.56%. We also discuss the relative strength in stocks like BA, RTN, LMT & RIG, along with FB, AAPL, AMZN, NFLX, NVDA, GOOGL, MMM, GS, WFC and more. Have a great day! |
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Mar 22 2018 - Markets Breakdown, Target 200-day MA |
The markets apparently had a few reasons to 'sell-off' today, including trade wars, the President firing a lead lawyer and investment grade credit crashing. Overall, the bears have the upper hand in the short-term with the 200-day SMA as the next major technical target for most of the major indexes. We also discuss JNK, HYG, XLF, GLD, VIX, FB, DE, CAT, MMM, GOOGL, AMZN, AAPL, NFLX, MRO, RIG and potential bullish trade ideas in PCG and EIX. Have a fantastic Friday and a great weekend ahead! |
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Mar 21 2018 - Energy Stocks Pop on Fed Day |
Fed chair Powell raised interest rates by 0.25 basis points and signaled two more hikes are likely this year. The major indexes finished mixed on the day, with IWM performing the best. Energy stocks like APA, DO, MRO, CVX & RIG all had good days. We also discuss GLD, SLV, GDX, SLB, SPY, DIA, QQQ and more. Have a great day! |
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Mar 20 2018 - ADBE Jumps, FB & ORCL Sell Off |
The DIA finished higher by 0.48% and the QQQ's were up 0.33%. Overall, there is no change in the technical picture of the major indexes. ADBE and NVDA both had strong days, with ADBE hitting fresh new all-time highs. FB sold off again today but did print a 'hammer candlestick' near support. ORCL showed why protective puts can be so valuable ahead of an earnings report. We also discuss IYT, XLU, NOG and more. Have a great day! |
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Mar 19 2018 - Dow Breaks Pennant & Facebook Gets Hammered |
DIA (Dow ETF) did slightly break out of its pennant today. SPY, QQQ and IWM were all down as well. FB got hammered 6.77% on massive volume and is now testing multi-month support. We also discuss OLED, ROKU, MMM, NOG, AAPL, AMZN, NVDA, NFLX, GOOGL, VIX and more. Have a great day! |
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Mar 18 2018 - Dow's Range Tightens... |
The DIA's (Dow ETF) range continues to tighten. Once a break out occurs, the odds favor a bigger move. SPY remains on the top side of its pennant (which is bullish for now) heading into this week. We also discuss QQQ, IWM, MDY, $VIX, BA, MCD, FB, AAPL, NVDA, NVDA, GOOGL and more. Have a great week ahead! |
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Mar 14 2018 - Dow getting closer to breakout |
DIA (Dow ETF) finished lower by nearly 1% today but still remains inside its pennant formation so there is no change in the outlook from this weekend. The QQQ's finished down a mere three cents. We also discuss BA, TEVA, JNJ, DECK, RIG, NETE and more. Have a great day! |
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Mar 13 2018 - Markets Reverse Off Highs |
SPY, DIA, QQQ, IWM and MDY all reversed off their intraday highs and ending up finishing near the lows of the day. In some cases, bearish engulfing patterns occurred but no technical damage was done (for now). Have a great day! |
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Mar 12 2018 - Stocks To Watch: RIG, NETE, DECK |
The QQQ's added another 0.53% today, while DIA fell 0.63% and remains inside its recent pennant formation. There is no change from yesterday's market commentary on the major indexes. RIG, NETE and DECK are on the 'stocks to watch list' and we cover each of them in detail tonight, including NETE's 30%+ follow through day. We also discuss NFLX, NVDA, TSLA and more. Have a great day! |
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Mar 11 2018 - Nasdaq Surges To All-Time Highs, S&P Breaks Out |
QQQ's hit all-time highs on Friday, while the S&P broke out of its pennant formation. The S&P's technical upside target is the January high. We also discuss GD & UAL's technical breakout, XLE's tight trading range, along with XLF, OSTK, FB, AAPL, NVDA, NFLX, GOOGL, VIX and more. Have a great week ahead! |
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Mar 8 2018 - Markets Ignore Noise |
While the major news outlets are running tariff headlines, resignations etc, the indexes continue to consolidate or move higher. DIA (Dow ETF) remains in a pennant. QQQ edged up another 0.55%, while IWM fell only 0.22% after just breaking out yesterday. We also discuss Cigna's (CI) offer for Express Scripts (ESRX), NETE, TSRO, KSS, BKNG, WYNN, NVDA, DG, DLTR, PYPL and more. Have a fantastic Friday ahead! |
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Mar 7 2018 - Small Caps Break Out |
The overnight sell off was reversed by day's end across the major indexes today, with IWM (Small Caps ETF) actually breaking out and triggering a technical buy signal. We also discuss LMT, DG, DLTR, WTW, TSRO, DIA and more. Have a great day! |
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Mar 6 2018 - Cohn Resigns - Futures Selling Off |
IWM (Russell 2000 ETF) and MDY (Midcaps ETF) performed the best today, both adding over 1%. However, after hours, news broke that Gary Cohn has resigned, which has sent the YM (Dow Futures) down over 350 points at one point. Tomorrow should be interesting as after market trading can be completely reversed by the 9:30am ET market open. We also discuss BBY, WTW, UPS, NFLX, NVDA and more. Have a great day! |
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Mar 5 2018 - Dow Rallies Into Resistance |
Dow ETF (DIA) had a nice rally today and ran right into the overhead resistance we highlighted in yesterday's video. DIA must clear the overhead moving averages and the Feb 26 closing high before the bulls get a technical edge on the short-term daily charts. We also discuss QQQ, MDY, MAR, MOS, PYPL, AAPL, BA, CAT, DE and more. Have a great day! |
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Mar 4 2018 - Retest of February Lows Looks Likely |
This past week, the major indexes printed a 'lower high', which now puts the February lows as the downside technical target. We also review FB, AAPL, AMZN, NFLX, NVDA & GOOGL. Have a great week! |
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Mar 1 2018 - How To Make Money From Trump's Tariffs |
If Trump hikes import duties on steel and aluminum, China loses but find out how you can win! Have a great day! |
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Feb 28 2018 - Deep Dive Technical Analysis |
The intra-day action was weak with the major market averages declining approximately 1.5% on the day. The daily support was broken but the monthly levels are well below current levels. Have a fantastic day! |
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Feb 27 2018 - Why Buffett Is Holding $116,000,000,000 |
The major market indices declined over 1.25% today but the short-term bullish trend remains in tact. We dive into Buffett's portfolio, see why he is holding $116 billion in cash and which positions are most overvalued and undervalued. Have a fantastic day! |
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Feb 26 2018 - 3 Stocks With 20% Upside |
The S&P 500, NASDAQ, and Dow Jones Industrial Average all powered higher today but reward to risk ratios are starting to diminish so we look at 3 stocks with 20%+ upside potential. Have a fantastic Monday! |
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Feb 24 2018 - Bulls Back in Charge |
The bulls start the week with the edge now that QQQ, SPY and DIA have regained their moving averages and closed to new near-term highs since the Feb 9 low. $VIX is also trending bearish (back below 17), which is bullish for equities. We also discuss CAT, MMM, IWM, MDY, FB, AAPL, AMZN, NFLX, GOOGL and more. Have a great week ahead! |
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Feb 22 2018 - Stocks 'Holding On'... |
In yesterday's video, we talked about how the Dow (DIA) was starting to 'roll over'. Today, DIA inched up a little bit but did not clear any upside resistance points. SPY, IWM & MDY seem to be holding onto their moving averages and going nowhere fast. The QQQ's continue to hold up the best. Overall, the technical picture for the major ETFs is 'neutral' heading into Friday. We also discuss XLF, TSN, JNJ, FB, AAPL, GOOGL, AMZN, NFLX and more. Have a fantastic Friday ahead! |
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Feb 21 2018 - Dow Starting To Roll Over |
The Dow was the worst of the indexes today from a technical perspective. The Dow ETF (DIA) is now below its cluster of moving averages and finished near the lows the day. The downside targets are the Feb 9th low (retest) and the 200-day SMA. We also discuss SPY, $VIX, QQQ, AAPL, AMZN, NFLX, NVDA, GOOGL, BA and more. Have a great day! |
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Feb 20 2018 - Walmart Gets Hammered (Down 10%) |
SPY and DIA finished lower today but there was no real change in the technical picture from last night's video. QQQ's performed the best but remain in a bull flag pattern. WMT got hammered today, losing 10.18% on a massive spike in volume. The high profile downside target is the 200-day SMA, which is another 4% - 7% lower. We also discuss ADBE, AMZN, NFLX & NVDA. Have a great day! |
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Feb 18 2018 - Bulls start the week with an edge |
The SPY, DIA and QQQ's daily and weekly charts are technically bullish to start the week when trading resumes on Tuesday. The $VIX is trending lower, which is bullish for equities as well. While the bulls won the pre-holiday week again, stocks like AMZN, NFLX, NVDA and BA did not break out to new all-time highs. They were stopped cold at their previous highs, which now creates a potential ' double-top' formation. A close to new highs would quickly solve this 'concern'. Have a great week ahead! |
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Feb 15 2018 - Apple Surges on Buffett News |
The QQQ's continue to lead the bulls' charge higher, adding 1.86% and finishing at the highs of the day. SPY & DIA have also now joined the party, both closing above their 20-day EMA & 50-day SMAs. IWM & MDY both continue to lag. Apple (AAPL) surged higher today on news Berkshire increased their stake in the tech company. We also discuss ADBE, CSCO, NFLX, TEVA, XLF and more. Have a great day! |
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Feb 14 2018 - QQQ's Break Out |
QQQ's surged higher today to close above both the 20-day EMA and 50-day SMA, triggering a technical buy signal. SPY and DIA did move higher today too but did not breach their own moving averages. Ideally, the bulls would want to see all three major ETFs breaking out together so some caution is still warranted. We also discuss NFLX, CAT, BBY, NVDA, KLAC, GLD, SLV, GDX and more. Happy Valentine's Day! |
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Feb 13 2018 - Kohls & Under Armour on the move |
The major indexes moved slightly higher today and all eyes will be on the 20-day EMA & 50-day SMAs to the north. The combination of these two moving averages coming together can easily act as a resistance zone or if they are broken, would put the bulls back in control of the technical trend. Kohls (KSS) triggered a buy signal today and has held up quite well during the overall market decline. Under Armour (UAA) gapped higher on earnings and is now testing the 200-day SMA. If KSS can close above it, there is the potential for some significant upside targets. Have a great day! |
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Feb 12 2018 - Key Price Points To Watch For... |
Stock bulls pushed prices higher today but the major indexes still need to cross above their respective 20-day EMAs & 50-day SMAs before they would gain the upper hand (technically). We outline what bullish & bearish levels to watch for in tonight's video. We also discuss DE, DG, NFLX, AAPL, AMZN, FB and more. Have a great day! |
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Feb 11 2018 - Markets Bounce But... |
After a highly volatile week and an early Friday sell-off, the S&P 500 ETF (SPY) got close to its 200-day SMA, which prompted some short covering along with some buyers stepping in as well. If the 200-day SMA fails to hold as support, another round of selling pressure could ensue. Right now, $VIX is in a 'bull flag' formation which is bearish for equities. In today's video, we take a look at the daily and weekly charts of the major indexes along with AAPL, GOOGL, AMZN, XHB, XLF, SMH and more. Have a great week ahead! |
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Feb 7 2018 - Rally Fails, Bears Still In Charge |
The bulls made a charge higher today but failed to remain above their key moving averages by day's end. The near-term downside technical target would be Tuesday's lows. The $VIX did fall today, but remains in a bullish posture (which is bearish for equities right now). We also discuss AAPL, CMG, TLT, GLD and more. Have a great day! |
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Feb 6 2018 - Massive Rally, But... |
There were multiple 1,000 point moves in the Dow Jones from last night's close (overnight) through today's close. It was a wild roller coaster ride that finished with the bulls winning out and the Dow finishing higher by 567 points. There seemed to be a bunch of buyers waiting for stocks to hit major institutional moving averages across the board and that is when the markets turned higher. These high profile moving averages need to hold or it could get ugly again real quick if they are broken. While there was a rally today, most stocks and major index ETFS were not able to close above all of their recently broken moving averages, leaving the bears with the upper hand going into the rest of this week. We outline what price levels to watch on the indexes (and higher profile stocks) if the selling pressure resumes. We also discuss SPY, QQQ, DIA, IWM, MDY, VIX, AAPL, AXP, AMZN, GOOGL, HAL, SLB, M, ADBE, NFLX, SKX, XHB, XLE and more. Have a great day! |
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Feb 5 2018 - Markets Get Hammered |
The markets sold off hard today and the VIX soared 115% to levels not seen since the summer of 2015. On a daily basis the major index ETFs are oversold but the trend is now firmly down in the near-term. Downside targets are provided inside the video. We also discuss GLD, AAPL, GOOGL, MMM, DE, GIS, PG, JNJ, FB, AMZN, NFLX, XHB, XLE, XRT, XLR and more. Have a great day! |
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Feb 4 2018 - Market Pullback Underway |
The major index ETFs (SPY, DIA & QQQ) sold off hard on Friday and finished at the lows of the day. They are now firmly below their 20-day EMAs. The next most immediate downside target would be their 50-day SMAs. IWM (Small Caps) & MDY (Midcaps), who were already below their own 20-day EMAs have now closed beneath their 50-day SMAs. $VIX finished higher at 17.31 but given the massive sell off in equities, the 'fear index' did not rise in true 'panic fashion'. TLT (Bonds) broke out of their 7-month trading range to the downside. We also discuss IYT, XLE, XHB, XLF, AAPL, AMZN, GOOGL, NFLX, NVDA, ADBE and more. Have a great week! |
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Feb 1 2018 - AMZN Surging, GOOGL Falling after earnings |
The big '3' reported after the bell today. AMZN is surging to new all time highs after the bell, while GOOGL is down about $25 - $30 as of this video. AAPL is up about 5 bucks after its report, but as of now it simply places the stock back inside its multi-month trading range. We also discuss a protective put example on UPS, along with PYPL, VIX, SPY, QQQ & IWM. Have a fantastic Friday! |
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Jan 31 2018 - Small & Midcaps Break Support |
The IWM (Small Cap ETF) and MDY (Midcap ETF) both broke below their 20-day EMAs today ending the bulls' short-term run for now. Their downside targets are the 50-day SMAs. Despite today's sell off in IWM, the $RVX actually fell. We also discuss SFLY, FB, MSFT, AAPL, AMZN, GOOGL and more. Have a great day! |
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Jan 30 2018 - Polaris, Scotts, Harley-Davidson get hit hard |
SPY, DIA & QQQ all finished in the red today and never recovered from their early morning gaps lower. Despite today's selling, there is still no major technical damage done to the big three. Polaris (PII), Scotts Miracle-Gro (SMG) and Harley-Davidson (HOG) all were beat up today due to their earnings reports, which highlights the value of protective puts in front of fixed news events like earnings. We also discuss UNH, AMZN, AET, CI, MET, AAPL, IWM, MDY and more. Have a great day! |
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Jan 29 2018 - VIX is rising... |
SPY, DIA and QQQ all finished in the red, but still remain above their 5-day EMAs, which is bullish. However, $VIX jumped 24.91% to a measly 13.84. Anytime the $VIX jumps 20%+ is noteworthy but given how low the volatility index was trading... it is only a 'yellow flag' at best. $VXN also jumped today too. We also discuss VMW, DVMT, NFLX, WYNN, SBUX, AGN and more. Have a great day! |
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Jan 28 2018 - SPY & QQQ Overbought On Weeklies |
SPY & QQQ are now overbought on their weekly charts. The next likely move from a probability perspective is to have somewhat of a pause in the trend (on a weekly basis). We also discuss TXN, BABA, AAPL, FB, NFLX, GOOGL, AMZN and more. Have a great weekend. |
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Jan 25 2018 - INTC Up 4%, JBLU Joins Airline Sell Off |
INTC announced earnings after the close today and the stock was up between 4% and 5% as of this video. Despite the jump, INTC remains range bound. SBUX was headed in the other direction, down 5% after announcing its own earnings after the bell. Yesterday we talked about how the airlines are bearish this time of year and JBLU was up next to report earnings. Result? The stock is down 6.17% right on schedule. The power of Seasonality and earnings reports continues to be astounding. We also discuss UNP, WGO, TEVA, NFLX, GLD and more. Have a great day! |
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Jan 24 2018 - Airlines Sell Off On Schedule |
The major indexes finished mixed today. Both $VIX (S&P) and $VXN (Nasdaq 100) finished higher but like we mentioned last night, the recent rise in the volatility indexes could also be due to upcoming earnings concerns (i.e. hedging). So far, neither the VIX nor VXN is 'breaking out' to the upside just yet. The airlines sold off right on schedule today. This is a seasonally weak time of year where the 'bad news' seems to come out. AAL, DAL, UAL and others were all down today. We also discuss GLD, SLV, TXN, CARA, AMZN, NVDA, NFLX and more. Have a great day! |
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