Category Archives: Uncategorized

Facebook Wants More Cat Pics And Less Ads

Facebook (FB) opened in the regular trading session this morning by moving sharply lower. Shares began the day right about the same level they began trading at beginning of the year. The reason for the drop in price was the company’s announcement of changes to its news-feed. These changes they say, are designed to encourage… Read More »

Consumer Staple Stocks Stalling – Setting Up Short Shot?

Many of the consumer staples sector stocks have not participated in the strength in the broader market this week. In fact, in today’s trading several moved below key levels of technical trend line support, closing near their lows of the session. These well-defined early breakdowns offer good risk/reward entry points. But short positions are particularly… Read More »

Apple Shares – Trapped In A Channel And Can’t Breakout

Apple (AAPL) is having trouble breaking above the $176 level and as a result, it is the worst performer in the extended FAANG group (Facebook, Amazon, Apple, Netflix, and Alphabet) over the last thirty days. While the other stocks in the acronym have moved above their November or December highs this month, Apple has remained… Read More »

Bitcoin – Following Fibonacci Retracement Road Map

Since its late December low, the rally in the price of Bitcoin has been impressive. It moved up from a nadir of nearly $12,000 to a recent high of $17,200. That’s a 43% rally which, of course in crypto-currency terms, is a mild bounce. The run has seen a series of advances followed by periods… Read More »

McDonalds Preparing for a Pullback or More?

Shares of McDonalds are up 50% over the last year. There are sound fundamental reasons for a rise in the stock price, from wider company profit margins to the change in the California marijuana laws. But McDonalds strong move in is in contradiction to millennial eating habits and the general public’s shift towards healthier lifestyle… Read More »