Candlestick Patterns 101: Hammer
One of the great things about candle patterns is the visual that the name conjures up. One of the first patterns that most people identify with that matches what the trader envisions is a Hammer. The idea of a hammer pounding or hammering out a bottom is very descriptive, easy to identify, and even more…
SKX Finds Flurry of Bullish Option Activity Ahead of Earnings
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 significantly off…
Will Retail Stocks Suffer this Holiday Season?
Tech rallies on bonds rallying and interest lowering. Fed notes came out showing several Fed governors wanting to tighten more aggressively. Meantime lots of warnings have come out about disruption in the supply chain impacting the Holiday season…
Price Patterns 101: Triangles (Ascending)
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 a pattern to continue…
Your Guide to the "In-Between" Market and Financial Earnings in Play this Week
We find ourselves trading the "in-between" market at the moment as we await earnings this week from major financial companies. In tonight's video, we update the key index price levels we're trading and targeting and then pinpoint the key financial stocks within the XLF (financials ETF) that could spark volatility later this week…
What Does the Options Market Know About INTC Earnings?
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 activity suggest that something may…
Mixed up Monday as Risk Parity Party Fades
Bond funds and stocks head lower as financials fade it's early strength and the market finishes near lows. These dynamics are making it rough for those using bonds to offset stock losses. Looking at the sector performance, today's finish makes this week's bank earnings interesting. Luckily there's unusual option activity in VZ, VRAY and DBA…
Option Bulls Taking Another Shot at EDU
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 investors supposed to consider the future revenues and…
Is Buying the Dip Dead?
Market Update---Sector Analysis and Expected moves-Volatility Check-Bearish bonds threaten to stall markets-Dismal jobs report-Energy gets a scary bid Merry-Go-Round of Risks--headwinds for dip buyers--China-interest rates-inflation (leading to earnings decay)-FED tapering-supply chain constraints (Xmas season) Trade Opportunities---DOW performance and Goldman Sachs-Energy Pull Back SPX Expected Move----last week EM-- 89.00--next week-- 80.10 expected move
Candlestick Patterns 101: Shooting Star
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 Basics When analyzing candles, the size of…