Stocks & ETFs

Amazon Stock (AMZN) At Critical Time And Price Juncture

With Cyber Monday coming up, it’s a pretty huge time of the year for Amazon (AMZN – Quote). Interestingly, it’s also an important point in time for Amazon stock price. The coming weeks will likely determine the next big move in Amazon shares. Let’s dig in. Since Amazon’s negative earnings reaction, the stock has been a beast, rising as much as 19% off the $284 low. The $340 area has been

Ford Stock (F) Nearing 2 Important Price Levels

Perhaps Ford (F – Quote) investors were biding their time for the launch of the new aluminum body F-150. Or perhaps this is just an oversold bounce? Time will tell. Last month, with the stock trading at $13.78, I wrote a post highlighting how oversold Ford stock price was and why investors should have it on their watch list. Here’s an excerpt from that post: So what makes this an interesting setup? Well, a

Chipotle Stock: Will Elliott Wave Pattern Slow CMG?

The story of Chipotle (CMG – Quote) is amazing… yes, they only make burrito’s but Chipotle stock is at $657/share AND it’s the story of the American Dream. We’ll get to that high share price in a minute, but first let’s celebrate Chipotle’s background (from Wikipedia): “…Founder Steve Ells, attended the Culinary Institute of America in Hyde Park, New York. Afterward, he became a line cook for Jeremiah at Stars in San Francisco.[16] There, Ells observed the popularity of

Is Netflix Stock (NFLX) Ready To Explode Again?

Netflix stock has long been a favorite with option traders due to its high stock price, high implied volatility and explosive stock moves. But following the severe selloff in mid-October, Netflix (NFLX) has been very subdued. Since October 23rd, Netflix stock as traded in a very tight range between $374.60 and $395.52. That’s only a range of 5.5% in the last month for a stock that has a history of moving

Is Citigroup Stock Poised For A Breakout?

Today, I want to focus Citigroup (C) stock. And more specifically Citigroup stock chart. In the daily chart (below) you can see the classic looking cup and handle pattern setup brewing. The $54.00 – $54.50 level being the cup resistance line, then the handle/bull flag taking place in the last week or so. And notice how the handle is forming on relatively low volume, which I like to see. One cautionary note for

Cisco Earnings Fail To Impress: Will Stock Hold Key Support Level?

After the bell today, Cisco Systems (CSCO) reported 1st quarter earnings. Although the Cisco earnings report beat on the top and bottom line, investors were mixed about their 2nd quarter forecast. And Cisco also announced that their CFO will be stepping down. At the time of this writing, the stock is down 1.47% in after hours. All things considered this isn’t much of a reaction to Cisco earnings thus far, especially

Gold Miners Update: How Far Will The Bounce Go?

When a security or asset class gets beaten down, sentiment tends to go in the toilet as well. And this generally supports and leads to a trend of lower prices. But as price reaches the extremes, it becomes susceptible to short covering rallies… and ultimately a bottom when time & price align. Although I’m not calling for the latter just yet, it does appear that the Gold Miners ETF (GDX) fit

Is Apple Stock (AAPL) Targeting $150 Per Share?

Over the past 4 weeks, Apple stock has rallied from $95 per share to nearly $110. And in the interim, it broke out above technical and psychological resistance at $100. This breakout probably has some investors wondering how high Apple’s share price can go. Below is a chart of Apple (AAPL) looking back over the past 3 decades. Note that Apple has remained inside of a long-term rising channel for

Japanese Stocks Trek Higher, But Not Out of the Woods

Pundits, analysts and traders – contentedly oblivious any other time – have fallen under the spell of Japanese equities, rates and monetary policy after the Nikkei 225 (NKY) exploded higher Friday following the tandem release of the Bank of Japan’s (BoJ) latest monetary policy statement promising still more Quantitative and Qualitative Easing (QQE) and the GPIF’s statement presenting yet another new target allocation for their $1.1 trillion portfolio that will

Is Yahoo Stock (YHOO) Nearing A Sell Pattern Top?

Back in September 2014, as the Alibaba show was lighting up the IPO world, I posted that this PATTERN was near completion for Yahoo (YHOO) stock. In the world of pure play “advanced” pattern recognition, the fact that Yahoo made a bunch of money on the Alibaba (BABA) IPO has nothing to do with a PATTERN completing. So, the market took a little time to digest the IPO and YHOO is just