In today’s Daily Digest, we’ll review:
- No new position today.
- Defensive adjustment in XRT.
- No exits since the last report.
- Current status of open campaigns.
Let’s dig in! [Read more…]
Expert technical analysis of financial markets by JC Parets
In today’s Daily Digest, we’ll review:
Let’s dig in! [Read more…]
It was remarked during our Analyst meeting this morning that “bullish Wells Fargo” is a phrase that hasn’t been uttered within our digital walls in a long, long time.
But we’re looking to get more exposure to the banking sector, and $WFC is consolidating nicely after a fresh breakout last week. With all-time highs within bull market distance, we feel like we can get aggressive with this name for a run.
Implied volatility in $WFC call options is pretty tame here, so that affords us the luxury of going out six months to play the June options which will give us plenty of time to see if $WFC has the stuff.
Here’s a chart of $WFC to set the stage: [Read more…]
In today’s Daily Digest, we’ll review:
Let’s dig in! [Read more…]
In today’s Daily Digest, we’ll review:
Let’s dig in! [Read more…]
One of the things we like to do repeatedly at All Star Charts is position ourselves in leading stocks in leading sectors. Just writing that out may sound completely obvious to some, but too often I see traders trying to get cute to find the “undiscovered gems” that will be the next big winner.
Call me old-fashioned, but I prefer getting involved in stocks that are already doing what we want them to do, and I want to let inertia take over.
Today’s trade in Southern Copper is one in which both inertia and “magnets” may play a part in delivering gains to us. [Read more…]
In today’s Daily Digest, we’ll review:
Let’s dig in! [Read more…]
Short-term traders will classify today’s trade as a “hard trade.”
We’re positioning in a stock that has already had a significant run over the past two months. But if we widen out our lens and look at weekly or monthly candles, we’ll see that this stock is making fresh all-time highs out of a monster base which can fuel a dramatic push higher.
Check out this chart of Lululemon $LULU:
In today’s Daily Digest, we’ll review:
Let’s dig in! [Read more…]