As covered in last Friday's Airline Sector Analysis & Trade Ideas video, SAVE (Spirit Airlines) broke down below the double top pattern that was highlighted following their earnings report before the bell today, with the stock currently trading exactly where predicted as per the measured target of the double-top pattern. SAVE broke down [...]
This video highlights some significant developments & divergence between the US stock market & the transportation sector. Both the near-term & intermediate-term outlook for the stock market & the transportation sector are covered in this video. The total run time for the video is 22 minutes however, you have the option to increase the playback [...]
TSCO (Tractor Supply Co.) has hit T2, the second price target at 57.70, for a quick 9.5% gain in just one week from entry. Consider booking partial or full profits and/or raising stops if holding out for T3.
The T (AT&T Inc) Swing Trade + Growth & Income Trade has hit the second price target, T2 at 38.88, for a quick 7.3% profit. T2 was the final target for the Swing Trade while a third price target has been added at 39.59 for the Growth & Income Trade. With an attractive dividend yield [...]
The DWT (3x Inverse Crude ETN) short-term Swing Trade was stopped out on 60-min candlestick close (30.73) below 30.90 for a loss of 4% on Tuesday after the Saudi + OPEC joint announcements of production cuts foiled the falling wedge breakout. As DWT gapped down below the stop trigger & printed the first 60-minute candlestick [...]
The TSCO (Tractor Supply Co.) active Swing Trade + Long-term Trade has hit T1 for a quick 2.8% gain today & so far, has come within mere basis points of T2 on an impulsive move higher following the company's quarterly earnings report. The impulsive price action following the breakout above the bullish falling helps to [...]
Yesterday I had posted a handful of stocks to watch today as they were scheduled to report earnings after the close or before the open today. Interesting enough, most of those stocks have gapped above or below the key technical levels that were highlighted with some reversing at or very near the key nearby support [...]