Market Moving Articles

Showing 1-10 of 2,460 items.

October 20, 2017 5:01pm

Shares of International Business Machines Corp. (NYSE:IBM) shot dramatically higher this past week after reporting better-than-expected earnings. The stock started the week trading near $147 and ended the week at $162.07. Based on some simple momentum calculations, it is very likely International Business Machines will see $170.00 next week. First, it is... Read More

October 20, 2017 2:46pm

Shares of Celgene Corporation (NASDAQ:CELG) collapsed sharply on Friday after the company announced it was stopping the clinical trial testing GED-0301 (mongersen) in Crohn's disease. This was expected to be a major drug and thus a big hit to the future bottom line. With a drop of 10%, the stock may appear... Read More

October 19, 2017 2:11pm

Shares of Tesla Inc (NASDAQ:TSLA) have a classic head and shoulder pattern formation in play. This is a very bearish setup for investors. When the stock cracks $332, the massive break-down will begin, taking Tesla Inc as low as $280.00. The price action on Tesla Inc has changed dramatically in the last few months.... Read More

October 19, 2017 11:09am

The SPY has advanced to record highs over the last several days, but momentum has been waning. Additionally, if you look at the Adaptive RSI, you will see a spike that rivals the peak produced back in February. And February's spike marked a near-term top.   View ALL of my... Read More

October 19, 2017 9:09am

Shares of Applied Optoelectronics Inc (NASDAQ:AAOI) have been under immense pressure since weak earnings in July 2017. While a hot technology stock, investors have been in no mood for poor results and have punished Applied Optoelectronics stock harshly. The stock traded above $100 but now sits near $42. With markets at all-time... Read More

October 18, 2017 11:59pm

Dicks* Sporting Goods (NYSE: DKS) has fallen from grace, along with so many other retailers. Since last November, not even a year ago, its share price has dropped almost 60%! Looking at the monthly chart below, it appears we are now very near a major buying opportunity which, if tagged, should... Read More

October 18, 2017 11:29pm

Not taking into account commodity fundamentals, but looking only at the chart I see the following: $OIL (Crude Oil ETF)  has strong support at 5.20 (which is price at the 0.618 Fibonacci line). The Target is 6.10 (which is price at the 1.618 Fibonacci line).  Time Target is 10/18-1/3 (which... Read More

October 18, 2017 2:59pm

If today's candelstick closes above yesterday's candle body, then Brazil ETF ($EWZ) will present a nice 2-bar Candlestick Setup.  With this Setup, I would target 48.00 (which is price at 3.618 fibonacci line).  I would Stop the trade at a close below 42.30 (low of the 2-bar Candlestick Setup). Time... Read More

October 18, 2017 1:08pm

Netflix, Inc. (NASDAQ:NFLX) reported solid earnings. In fact, the growth numbers were generally better than expected. However, the stock was already trading at all-time highs, up 60% in 2017. This caused profit taking, which will likely continue in the near-term. The main reason investors should be cautious is the massive spend on... Read More

October 18, 2017 12:46am

Centene Corp. (NYSE:CNC) has a Nice Chart Pattern when Fibonacci Price and Time Lines are plotted. On 10/13, price bounced strongly off of the 0.786 Fibonacci Line. I think that the price will move up in waves, reaching at least 112.00 (which is price at the 2.00 Fibonacci LIne) sometime... Read More