ATVI (Activision Blizzard, Inc) has hit the first target, 39.80, for a 7.3% gain on Nov 9th & is now approaching T2 with a profit of 13.4% at today's close. Although a reaction off the T2 level is likely, T4 remains the final target at this time. Previous & updated daily & weekly charts: [...]
An overview of all 29 marijuana stocks currently on my watchlist, many of which are currently offering objective entries or re-entries as they have pulled back to support following the post-election sell-off in the cannabis sector.
While I still have a high degree of confidence that all 4 former price targets on IWM will be hit in the coming months, the official trade was stopped out at yesterday's close of 131.60 for a relatively small loss of 3.16%. Pending decent evidence of a reversal IWM may be added back as an [...]
45-minute to go before the close as I start typing this & the equity indices have been trading sideways all afternoon, essentially not moving higher or lower. Although I'm sitting tight with my QQQ & IWM short personally, I'm going to reinstate the stop on the IWM short trade to a daily close above 131.30 [...]
I had planned to either reinstate or modify the stops on the QQQ & IWM trades no later than shortly after the market opened today but decided to hold off & watch the price action for a bit before to see if there were any compelling developments in the technicals today. I've been closing monitoring [...]
Here's a quick look at the historical market performance (seasonality) leading up to & following the abbreviated & typically low-volume trading week surrounding the US Thanksgiving holiday. I wanted to share this video as I believe that the seasonality statistics that are easily found online don't give a complete picture. By viewing the performance & [...]
From the posture of the IWM intraday & daily charts, it seems likely that this will prove to be a wedge overthrow which is a breakout in the opposite direction of that expected from a rising wedge (downside) which is typically followed by a sharp reversal & downside break of the wedge. Only time will [...]