I just sent these emails to some traders I have been helping. Close the PLTR position for a 247% win. Close the NVDA position for a 131% win. I think you can imagine how excited they were to have those appear in their inbox. I am not sure if they booked a great trip...
Keep an eye on oversold shares of American Express (AXP). After finding strong support at $254, AXP is starting to pivot higher again. It’s also starting to pivot from over-extensions on RSI, MACD and Williams’ %R. From its last traded price of $270.51, we’d like to...
Keep an eye on Super Micro Computer (SMCI). After dropping from about $65 to $35, the tech stock caught strong support at its 50-day moving average and is just starting to pivot higher. From its last traded price of $42.15, we’d like to see SMCI initially retest $50 a...
Fear eventually leads to opportunity. Look at cruise stocks, for example. Over the last few weeks, most of the top cruise stocks were crushed by consumer spending, and potential tax crackdown fears. However, according to analysts at Stifel, the tax fear was a massive...
After dropping from about $160 to $135, Marathon Petroleum (MPC) appears to have caught strong double bottom support. It’s also over-extended on RSI, MACD and Williams’ %R. Plus, the company’s Chief Commercial Officer, Ricky Hessling just bought 2,000 shares of MPC...
by Ian Cooper Some of the most ridiculously oversold stocks are on sale. Look at $68 billion Chipotle (CMG). For one, Chipotle director Mauricio Gutierrez paid $500,000 on March 5 for 9,400 shares, an average price of $53 each. Two, the stock is now technically...
Palantir Technologies (PLTR) is coming back strong. After catching support at around $75, it’s now back up to $86.24. Now, if it can break above its 50-day moving average, we’d like to see it retest $100 initially. It’s also starting to pivot from over-extensions on...
Keep an eye on quantum computing stocks like D-Wave Quantum (QBTS). After finding strong support at $4.50, QBTS is just starting to pivot higher. Last trading at $6.91 we’d like to see it rally back to $11 initially. Helping, the company just “announced a...
Markets have been a disaster. Fear is mounting. Trade wars are intensifying. There are fears of more tariffs, inflation, and even a potential recession. However, after a massive 3,000-point drop in the Dow Jones, a good deal of tension is priced into the market. Plus,...
Microsoft (MSFT) has become unbelievably oversold at support dating back to early 2024. It’s also over-extended on RSI, MACD, Williams’ %R and Full Stochastics. From its current price of $380.45, we’d like to see the tech giant retest $400 again initially. From there,...