If you’ve been following the price action on Skechers USA Inc (NYSE: SKX), the price peaked near $56 following the last earnings report in July. After pulling back, the company then took a hit after Nike Inc (NYSE: NKE) gapped lower following its earnings on September 24. The share price of SKX is s
Be on the lookout for ascending triangles in the coming weeks as the market works out what direction it wants to trend next. That is particularly true for stocks that are forming higher lows. Triangles are just holding patterns on route to a bullish or bearish move. Frequently, they are establishing
Intel Corporation (NASDAQ: INTC) found itself down over 2% late in the session Today. The movement stood out as the S P 500 and the Nasdaq 100 were mostly unchanged. While INTC has underperformed on the year, it has been consolidating over the past coupe months. However, today’s move and option acti
For EDU, the move was tied to new regulations on after-school tutoring and not allowing classes on weekends, holidays and during some breaks. The reaction from the share price was palpable, but more importantly, it’s created significant uncertainty of CCP policy on publicly traded stocks. How are in
Thursday’s gap and over indecision looked poised to form many abandoned babies. However, the ugly jobs report didn’t provide the degree of movement to yield many of those. As a result, some stocks and industries that did weaken formed another bearish pattern called a Shooting Star. Shooting Star Bas
If there is one thing that the current market is providing, it’s a lot of rarities. With today’s gap and tomorrow’s employment report, the potential that Abandoned Baby candle patterns may appear in abundance is pretty high. With so many stocks that have gapped and are forming tight ranges and small
If there is one thing that gold and gold stocks like, it’s stagflation. Stagflation is when growth is flagging, and debt and monetization are rising. While the Fed is on the path of tightening in the coming year, the spigot is still open and the raising of the debt ceiling is certainly not deflation
If you’ve been following what’s been happening in the S P 500 over the past week, it looks like it’s sandwiched between a rock and a hard place. In candlestick terms, it’s referred to as a Stick Sandwich. The initial sandwich that began on September 30 has added more toppings in the last couple days
If you were following iShares US Real Estate ETF (NYSEARCA: IYR) you likely noticed a large option trade that included two expirations and 4 strikes. This type of trade isn’t unusual, but it is significant because of its size and direction. We’ll take a closer look at the trade in just a moment, but
Sometimes you experience a significant amount of selling, only to find buyers rush in. That should sound relatively familiar after what we experienced this past week. There probably isn’t a more representative candlestick pattern than a Bullish Breakaway. Bullish Breakaway Basics As you’ll see in th
