Just a heads up for those not aware, 3 of the 5 FAAMG stocks (i.e.- the leading stocks that have been doing most of the heavy lifting in the Nasdaq 100 in recent months) are scheduled to report earnings after the close today. Amazon (AMZN), Alphabet (GOOG/GOOGL) and Microsoft (MSFT) will be report after the [...]
Analysis of gold, GDX (gold mining ETF) and the US Dollar including both the near-term & longer-term outlook. Potential buy points & key support & resistance level are also highlighted.
ISLE (Isle Of Capris Casinos) gapped down below T1 to open at 23.30 today, where any standing BTC limit orders set at T1 would have been filled for a 10.7% profit in just 9 trading session since the short entry. As with all trade ideas on RSOTC, when a short trade gaps down beyond a [...]
GPRO (GoPro Inc) was posted as an unofficial trade idea in the trading room (Gold members can click here to view) about 5 weeks ago following the breakout above the 60-minute bullish falling wedge pattern below. Also mentioned at that time was the longer-term potential for this stock should it go on to breakout above [...]
This daily chart of IWM shows all divergent highs for the last 3 years, every one of which was followed by a significant pullback or correction & even a bear market with IWM falling over 27% off the June 2015 highs into the early 2016 lows. Despite what may appear to some as a bullet-proof [...]
FSLR (First Solar Inc) has hit the first target, 28.66, for a quick 7.1% gain. Consider booking partial or full profits and/or raising stops if holding out for T2 or T3. Previous & updated daily charts:
At best, I see a marginal new high in XLP (Consumer Staples ETF) which would almost certainly be a divergent high resulting in a failed breakout. However, I wouldn't be surprised in the least to see it break down below this rising wedge pattern before then. XLP daily April 26th