Stocks & ETFs

FedEx (FDX) Sitting on Lateral Support and Key Fib

By Andrew Nyquist Apparently FedEx (FDX) didn’t get the money printing memo. Since topping out at multi-month resistance this past spring, FDX has traded heavy… especially of late. The stock has dropped back to the .382 Fibonacci retracement level and magnetic lateral support area. FDX investors and economic indicator watchers, should…

Chartology: Chipotle (CMG) Pulling Back on Daily Sell Setup

After forming a 5 week base, Chipotle (CMG) surged higher, retracing close to 50 percent of its April to August downdraft. This surge also ended with a daily DeMark sell setup, a sign of near term exhaustion. As such, the stock has been pulling in over the past few sessions. Trying to gauge whether this is simple consolidation or a top…

AAPL vs GLD Chart: Apple’s Stock Has Been Golden

As Apple’s (AAPL) stock crosses $700 per share, and in the spirit of some good ole fashioned Apple fun, I thought it fitting to post the chart below. Simply put, Apple has been good as Gold (GLD)… both literally and figuratively. Apple compared to Starbucks here. More charts on Gold…

Chartology: A Closer Look at Facebook (FB)

By Andrew Nyquist Investing can be a tricky business. Whether Facebook (FB) has hit “bottom” or not is besides the point here. As Facebook was hitting teenage levels, negative sentiment was soaring. And the stock price was falling against it… too far, too fast. Let’s recap the IPO and post IPO…

Chartology: Apple (AAPL) 680 Important Near Term

After bursting higher last Monday and reversing lower for the next several days, Apple (AAPL) nearly touched its .382 fib before reversing back higher (see previous chartology here). Now Apple stock finds itself back at the old highs; or rather, the scene of the crime. Apple 680 bears importance because…

The VIX is in: Breakout Fakeout

After creeping higher for much of the back half of August, the Volatility Index (VIX) reversed lower on Tuesday and kept going… nearly 5 points lower in 4 days. And with that, we have an equity breakout and new highs on the year. That said, this breakdown looks sharp and…

Chartology: Is Groupon (GRPN) Nearing a Tradable Bottom?

By Andrew Nyquist Since its IPO, Groupon (GRPN) has basically been a lead weight. Investors have been beaten to a pulp and many are wondering if this is a straight to zero stock. Yep, lots of negativity surrounding the stock. But, it was this negativity that caught my attention last month…

Chartology: Apple (AAPL) Technical Update

Apple (AAPL) was faded for much of last week raising short term concerns about the number of “new” longs that may have been trapped on the Samsung patent news excitement. Note that although Apple is the king of stock snap back rallies, this type of action tends to add to…

Chartology: An Up Close Look at Apple (AAPL)

By Andrew Nyquist After surging Monday on weekend news that Apple (AAPL) was taking it to Samsung in the courtroom, the stock has slowly pulled in all week; this could set up as a bearish trend week. As well, the stock has breached the hourly trend line from the recent 570…