Stocks & ETFs

Is Apple’s Stock (AAPL) A Buy On This Pullback?

The big drop in Apple’s stock price on December 1st was a near-term warning. Not only for Apple (AAPL – Quote) investors, but for the broader market. Surprisingly, the NASDAQ 100 (NDX – Quote) absorbed that down day pretty well and appeared (on the surface) as though consolidation was an easy game into the first week of December. But that consolidation gave way to deeper pullback, and AAPL led the way lower. Apple’s

Pre-Market Chart Watch: Russell 2000 Ready To Breakout?

Volatility has returned to the markets and with it has come increased beta. This likely has many traders rejoicing, but considering the big move yesterday and pre-market move higher today, it may depend on directional bets. That said, the iShares Russell 2000 ETF (IWM) is nearing an important juncture. Just two days ago, the Russell 2000 was sitting on the brink of a deeper correction, holding near the intersection of

S&P 500 Technical Support Update

It took just 6 days to wipe out nearly 100 points on the S&P 500 (SPX – Quote). With all eyes looking forward to a “Santa” rally, many were caught off guard. For the record, the Santa rally typically doesn’t start until next week, so we may still get one… albeit from lower levels. Here’s one of my tweet’s from last Thursday that summed up the action heading into Friday: Bears

GoPro Stock (GPRO) Nearing Important Price Support

On October 2nd, I wrote a research note about GoPro (GPRO). What made the note so interesting was that the geometry and PATTERNS in play pointed to a pullback. While our count differed slightly, the geometry worked well – GoPro’s stock reached a short-term top shortly after our post (and within a dollar of my target). Fast forward to today and GPRO shares are quickly approaching a key price level that will

Is Alibaba Stock (BABA) Ready For Its Next Move?

Alibaba (BABA) impressed most market participants with its strong IPO pop, but then declined into the low $80’s. A nearly 50 percent rise then took place from mid-October to the November peak at $120. Many were expecting some kind of pullback in Alibaba shares, and that indeed took place through the balance of November and into December, bottoming at $101.20 just a few days ago. As you can see in

Chart Focus: Why The Small Caps Are Important To Watch

As I type this quick research note, the US equities markets are set to open lower. In fact, the last I looked, The iShares Russell 2000 (IWM) was trading around 114.85 in pre-market (down almost a percent). And this has the small caps index near two levels of technical significance that could alter the path for equities in December. First, there is a band of support that forms across the November 19 (114.37),

The Bond Market Blues: In 3 Charts

The warning signs coming from the bond market are getting louder and louder as investors received a fresh red flag signal last week. Let me explain. Throughout the first half of 2014, the ratio of High Yield Bonds (JNK) relative to 20 year+ US Treasuries (TLT) finished the formation of a monster top before breaking down again late in the summer. Well, it may be breaking lower again. And though it’s not

Is Cisco Stock (CSCO) Worth Buying On A Pullback?

Cisco … an amazing company with amazing technology! Unlike most of my posts where I have no earthly idea of the fundamentals involved in the daily running of the company, I do have a clue of the importance and powerful technology that they bring to the table. All that being said, it’s still just a chart. Folks, there is so much AMAZING stuff going on with the chart of Cisco

Yahoo (YHOO) Topping Pattern Still In Play

A couple weeks back we discussed Yahoo! Inc. (YHOO – Quote) and the topping PATTERN that we saw emerging.  That PATTERN has been hit and while the primary target area was 48-50, the pattern remains valid. I’d like to provide a quick update on this sell pattern and how it may play out (including fail). We’ll need to watch this one closely, as YHOO is in the zone. Please see the charts

Chart Of The Day: Russian ETF (RSX) Feeling The Pain

Russia has had its share of economic pain over recent years, but the past year has really gotten ugly. And this is taking its toll on Russian stocks. Just take a look at the Russian ETF (RSX). Many variables come into play, but many relate and revolve around its relationship with Europe. And this one has many tentacles. Here are a few: 1)  Russia’s continued tension with Europe and the West