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Good evening StockBandits!
What pullback?! Monday’s trend day to the downside was essentially erased with aggressive buying today. True to form, the bulls quickly stepped in to defend their territory (and recent progress) today as the open marked the low of the session and stocks reversed right back up to finish right near Friday’s closing levels. It seems as though it’s going to take quite a bit more than a single day of healthy profit-taking to shift the mood of this market. [Read more…]
Good evening StockBandits!
The market put up its worst day of a young 2013 with each of the averages shedding roughly 1% today. Making the day appear even worse, stocks went out at their lows of the day after trending down throughout the session with buyers nowhere in sight. It’s almost as if the bulls decided it wasn’t so bad to book some profits after all! [Read more…]
New all-time highs were established last week for the RUT after a small rest, while the DJIA reclaimed 14000 and the S&P painted a new multi-year high. Clearly, the bulls are running and refusing to stop. That’s keeping the bears pressed and leaving underinvested market participants feeling frustrated, but can it continue?
As we head into a new week of trading, it’s time once again to take a look at the indexes and the key levels they’re dealing with. This will impact how individual names move, so it’s where every new trading week begins.
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Run time is 6:24.
Trade Like a Bandit!
Jeff White
Take a trial to our Stock Pick Service to get our trades.
Good evening StockBandits!
With another FOMC meeting, earnings reports and a jobs number to contend with last week, the indexes navigated it all smoothly and pushed onward and upward to end the week at new recovery highs. That included more all-time highs for the RUT, and 52-week highs for the S&P 500 and DJIA (now back above 14k). Meanwhile, the NAZ pushed past the October high and now is within arm’s reach of its 52-week high despite AAPL still serving as dead weight. [Read more…]
This morning I was a guest on a financial radio show, and wanted to share the charts of stocks I discussed on the show. If you’re here for the first time after listening to the show, welcome!
Here are the setups:
ARCO is sitting in a tight wedge here with explosive potential. A push past $14 gets it going again.
NOV is sitting in a flag pattern which would be confirmed with a push past the $75 short-term resistance area. Room to run if so.
XXIA is basing here after a mild pullback within an uptrend. A push past $19.25 and the highs come back into view.
CELG is resting after tremendous momentum with a $20+ move. A push past $100 sets it free to continue its climb to all-time highs.
MYL is building up some pressure here and looks ripe for a breakout through $28.60 from this ascending triangle.
I share setups like these with subscribers all the time. Check out the free trial we’re running right now if you’d like to see what we do.
Trade Like a Bandit!
Jeff White
Take a trial to our Stock Pick Service to get our trades.
Good evening StockBandits!
Stocks pulled back a bit today with the high of the session being set early in the day. That’s a complete shift from the norm of late where we’ve seen early weakness and afternoon strength, as I noted last night. Perhaps dubbing it a “routine” did the trick, but either way we saw some mild profit-taking kick in ahead of the FOMC report. While the headlines revealed nothing unexpected, we did see another round of selling post-Fed which left each of the averages in the red by day’s end. [Read more…]
Good evening StockBandits!
Morning skittishness was once again overcome by afternoon enthusiasm as the NAZ climbed back from the red to finish flat and the S&P, RUT and DJIA each posted gains. This is becoming a bit of a predictable routine of late as mild profit-taking never really takes hold and the buyers step in to defend even the smallest of pullbacks. [Read more…]
Good evening StockBandits!
Another day, another avoidance of downside for the bulls. To them right now, every bit of upside counts. They want to press their edge, which gives them as much breathing room as possible for a pullback to potentially hold above the breakout zones they just recently cleared. It’s true they’ve proven themselves with all this strength of the past few weeks, but equally important is the fact that they also haven’t let prices slip. [Read more…]
Good evening StockBandits!
The blue chips added to their recent breakouts in a holiday-shortened trading week as the bulls went 4-for-4 in the DJIA and S&P 500. The RUT and NAZ each went 3-for-4, which wasn’t at all bad with the RUT ending at new all-time highs while the NAZ rebounded from a real hammering in AAPL. [Read more…]
