In reviewing the charts of the major US stock indices, other than the fact that the markets continue appear to have stalled out in choppy, sideways range over the last 3+ months, one of the most important developments in recent months is the very clear trend of deterioration in market breadth, particularly in the leading [...]
I'd like to thank everyone for your very kind comments & concern in response to the family emergency that forced me to suddenly leave town Sunday evening. I wasn't able to keep up with the markets or reply to any questions since the weekend but I returned home late last night & I am now [...]
Please note that I will be unable to post and market/trade updates or reply to any questions tonight & possibly tomorrow due to a family emergency. Updates & replies will resume asap. Thank you for your patience and understanding. Randy Phinney
This video takes in-depth look at some of my favorite trade setups in the Resorts & Casino industry, outlining key technicals charts patterns, support & resistance levels, trendlines, price targets & more. Several of these resort and/or casino stocks appear poised for a drop as much as 50% or more from current levels. The charts [...]
Over the past few years I've highlighted a fairly consistent pattern that I refer to as the OpEx ramp. As this 2-year chart of QQQ highlights, there has been a relatively consistent pattern of the market rising into standard Options Expiration (3rd Friday of each month), followed by a correction. The chart, as well as [...]
The following notes & chart outline the entry criterion, price targets, suggested stop & position size adjustment for a swing trade on ISRG, Intuitive Surgical Inc.
The following notes & chart outline the entry criteria, price targets, suggested stop & suggested position size adjustment for a trade in WB, Weibo Corp.