Chart of the Week

A Candlestick Alone is Not a Trade Setup


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 weekly...

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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....

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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...

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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...

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Post Fed Announcement Market Review

We were expecting the market to rally before the fed announcement based on the pullback to support and oversold market breadth. In today's video we will review the last few days, the market internals and where we are going. Trade well Master...

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Pro Gap Breakout on Small Tech Stock

Below is a daily chart of ORBCOMM Inc. (ORBC), $8.90. Trade:   Buy stock over $9.00. Strategy:   Bullish consolidation after Professional Gap breakout on daily chart and Bullish Wide Range Bar (+WRB) from base on weekly chart. Target:   $9.50 to $10.00. Stop Loss: ...

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New Bullish Trade in Gold Sector

Below is a daily chart of First Majestic Silver Corp. (AG), $10.60. Trade:  Over $10.66, buy a March 9/11 bull call spread (30 DTE) at mid-price (closed at $1.15 debit).  Note:  Holding over earnings is higher risk. Strategy:  Pullback after breakout on daily and...

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New Trade in Bullish Financial Sector

Below is a daily chart of Regions Financial Corporation (RF), $14.62. Trade:  Buy over $14.80. Strategy:  After a robust breakout in the stock and financial sector last November, RF has been consolidating bullishly for weeks above its rising 20-MA and appears poised...

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