The following video provides the near-term & intermediate-term outlook for the financial sector via XLF & several of the largest financial companies, including an update on the XLF Active Swing Trade.
The following chart & notes is an update to the ISLE, Isle Of Capris Casinos, trade idea as well as some general trading tips regarding earnings season & sector diversification.
The following chart & notes outline the entry criterion, price target, suggested stop & beta-adjusted position size for a swing trade in VAC, Marriott Vacations Worldwide.
A solid break below these intersecting uptrend lines would trigger a sell signal for the worlds largest company (by market cap) & largest component of both the S&P 500 as well as the Nasdaq 100. Of course, support is support until & unless broken so AAPL could very well bounce off these support levels & [...]
So far, a near-perfect failure at resistance on QQQ so far with a failure at the 131.60 resistance level, with the Q's printing both a 15 & 30-minute close at 131.63 before reversing. Will it make another run to take out the 131.60ish resistance or will yesterday's breakout prove to be a fake-out (bull trap). [...]