Stocks & ETFs

Did SNAP Finally Snap Out Of It?

I never thought I would be interested in buying SNAP Inc. (SNAP), the maker of Snapchat. But here we are. As an active investor, I have no choice but to listen to what the market is telling me.. and it’s telling me to own SNAP stock. Let’s take a closer…

S&P 500 Futures Trading Outlook: 2700 Level Looms Large

Broad Stock Market Outlook for February 16, 2018 Buyers remain in control after making a higher low on yesterday’s dip. That dip saw S&P 500 futures hit 2688 – quite near our level of 2684 – and reverse higher. We’ll need to see how well we hold 2697 today as support. Watching…

Opportunity Knocks… Will Gold Bulls Answer?

Gold investors have enjoyed a strong start to 2018. After a brief pullback into early February, the shiny metal has charged higher once more. The question now: Is a major breakout on the way for gold and precious metals bulls? Looking at the chart below, you can see that a…

Cisco Posts Strong Earnings, Stock Set To Rise In 1H 2018

Cisco (CSCO) rose as high as $45.43 in pre-market trading, an increase of 7.9%. The company reported earnings per share of $0.63 and total revenue of $11.89 billion, beating expectations of $0.59 and $11.81 billion respectively. The company’s performance was driven to an extent by sales in the infrastructure platforms…

S&P 500 Technical Update and Short-Term Price Targets

With the quick rebound, I want to show where some of the potential stopping points are on the S&P 500 Index. I would say there is a more than 50/50 chance we rollover and test (within 1% – 2%) the recent lows. The S&P 500 has retraced more than 38.2%…

S&P 500 Futures Trading Outlook For February 15

Broad Stock Market Outlook for February 15, 2018 Buying strength has continued as charts move to recover the entire dip that began Feb 4. “Old” resistance near 2697 could easily firm up as “new” support but I expect some swings that could dip deeper into 2684. Today, we will watch support…

Russell 2000 Elliott Wave Forecast: Higher Target Possible

The recent correction in U.S. stock indices is on par with expectations we described last October. Now we highlight some supports and targets to watch in the iShares Russell 2000 ETF (NYSEArca: IWM) with an overall bullish expectation into summer. Assuming our support levels hold, this serves as a Russell…

The Beauty Of A Range-Bound Stock Market

After a 12% correction over the last two weeks, traders are left to question what the next two weeks and beyond may have in store. The good news is that the short-term upswing this week created a perfect framework for evaluating the next move for the S&P 500: A range-bound…

Under Armour Stock Surges On Earnings… But It’s Not A Buy Yet

Under Armour (UAA) surged 15% after it reported earnings per share that met Wall Street estimates and exceeded on revenue, posting $1.4 billion versus the $1.3 billion expected. In addition, management announced that it would continue the restructuring efforts it started in 2017 to refine key components of its operations….