Speculating on Further Market Weakness

Below is a daily chart of Dow Jones Industrial Average ETF (DIA), $204.39. Trade:   Under 10-Min. low, we recommend buying the following bear put spread:  buy Apr (weekly 4/28, 11 Days to Expiration) $207 puts and sell Apr (weekly 4/28, 11 Days to Expiration) $201...

Bullish Breakout in Forgotten ANGI

Below is a daily/monthly chart of Angie’s List, Inc. (ANGI), $6.04. Trade:   Over $6.16, we recommend buying stock.  Note:  Earnings 4/19 so higher risk holding over. Technical Setup:   Bullish Wide Range Bar (+WRB) breakout from consolidation on daily and...

Technology Sector Poised For More Weakness

Below is a daily chart of Technology Select Sector SPDR ETF (XLK), $52.84. Trade:   Under $52.59, we recommend shorting the stock. Technical Setup:   Bearish consolidation in the low range of a Bearish Wide Range Bar (-WRB) and extended weekly and monthly charts....

Magic Jack is Back — and Ready to Rock!

magicJack VocalTec Ltd., together with its subsidiaries, operates as a cloud communications company in the United States. Its products and services allow users to make and/or receive free telephone calls to and from where the customer has broadband access to the...

Bull Put Spread on BABA Breakout

Below is a daily chart of Alibaba Group Holding Limited (BABA), $105.61. Trade:   Over $106.50, we recommend selling Apr $100/95 bull put spread (32 Days to Expiration (DTE)) for mid-point (closed at $.50/share). Technical Setup:    Breakout on daily and weekly...