The major indices all broke out of basing patterns (triangles) with the Russell 2000 (RUT) Small caps finishing last week at a new all time closing high and the NASDAQ 100 (QQQ) only 2.4% away from a closing all time high. The S&P 500 busted out of its major triangle…
In this post, I’ll take a closer look at Biogen (BIIB) and share some thoughts on its price chart, along with some options ideas I’m looking at. I have a daily and weekly chart attached. $BIIB Daily chart 1. Shares closed above $280 for the first time in two months 2….
For much of 2018, the stock market has been trading sideways with a high degree of volatility. This in part due to the ongoing correction / consolidation. So, where are we now? From a DeMark indicators standpoint, the primary posture of the secular bull market which began in 2009 hit…
ShotSpotter Stock Research (SSTI): Company Fundamentals and Outlook ShotSpotter is a $285M Company that provides gunfire detection solutions to help law enforcement and security personnel in gun violence situations enabling an effective and efficient response. It currently has more than 10,000 sensors deployed and more than 85 cities with 510…
If you’ve spent all of 2018 staring at the market indices, you might be missing out on the big picture: the numerous amount of individual stocks showing relative strength ready for a great 2H 2018. One stock in particular that I am bullish on is Enova International, Inc (NYSE: ENVA)….
The S&P 500 looks poised to head higher yet this week. And that looks due in part to a well formed bullish Gartley pattern. A-B-C-D The S&P 500 has posted gains in 5 of its last 6 trading sessions and bulls likely aren’t quite done. This bullish pattern is likely…
A little over a month ago, we posted a chart and analysis showing that a popular Russell 2000 ETF (NYSE Arca: IWM) might be near the completion of a fourth-wave correction. We suggested it was on the verge of making a higher low versus that of February and that it…
Broad Stock Market Futures Outlook for May 11, 2018 Though I have seen upward motion continue past 7 days, it is not the rule of motion. Fridays have a statistical bias towards bullish behavior but we are approaching major congestion, so the stock market may move into these levels above…
After leading the market in 2017, the semiconductors have been volatile in 2018. The Semiconductors leveraged ETF (SOXL) has rallied with strength the past week. Let’s take a look. Using pivot analysis, it’s clear that the Yearly Pivot Point (YP) has been strong support at #121. The next rally target…
S&P 500 futures have extended over 2700, targeting the first meaningful price level near 2718/2720. This equates to the slope of the line from the January 26 highs as well as 4/18 highs. For now, this is the first real area of importance to this rise. A move OVER 2720 would allow…
