Thanks, once again, to Jim Cramer and his terrific staff for the opportunity to be featured on the “Off the Charts” segment of Mad Money. Cramer: Charts suggest investors ‘can afford to be cautiously optimistic’ from CNBC.
Activision Blizzard (ATVI) shares have collapsed since the October 2018 high. They retraced more than half of their incredible rally off the 2015 low. The weekly chart shows Activision’s heroic rise and its sudden reversal. The company is reporting earnings after the close today and may announce plans to layoff workers because of slowing sales.… Read More »
Here is a quote from a Zero Hedge article posted on Sunday morning citing a Reuters report of further job cuts at Tesla: Following the latest round of job cuts that Tesla announced to start off 2019, the North America delivery division is seeing the most drastic impact. Reuters reports that the most recent jobs… Read More »
Doji candles formed on the weekly charts of the major market averages last week. A doji candle has a very narrow opening and closing range, often with a a high wick or long lower shadow. They are often seen at market tops but can reflect uncertainty and as such can be continuation candles. Now take… Read More »
Snap (SNAP), the nine billion dollar emoji application company, reported in-line earnings after the bell on Tuesday and shares soared over 21% in after-hours trading. February has been a great month for Snap since the it became a publicly traded company two Februarys ago. Shares soared about 60% in the IPO week of trading in… Read More »
Over the last 52 weeks McDonalds (MCD) shares outperformed the S&P 500 index by about 8%, but year-to-date they have underperformed by that same percentage. The stock is not participating in the current broader market rally and a double top may have formed on the daily chart. McDonalds high in November touched the $190 level… Read More »
In 2017 and through the first half of 2018, Apple (AAPL) shares found support and resistance in areas that, after the October 2018 high was established, turned out to be future Fibonacci retracement levels. These levels on the weekly chart are measured off the 2016 low and the 2018 high range. In the months that… Read More »
Here you go. Charts with annotations:
Microsoft (MSFT) reports after the cloe on Wednesday. The stock is down over 2% in afternoon trading on Tuesday and has dropped below its rising 200 day moving average. But over the last year, the Microsoft has been a strong outperformer relative to the Technology Select Sector SPDR Fund (XLK). Let’s look at the daily… Read More »
The Barclays iPath S&P 500 VIX ST Futures ETN (VXX) was launched in 2009. It was designed to be used as a way to hedge positions against the kind of volatility experienced over the previous year. It was always best suited, however, for traders who wanted to profit from short term volatile moves. In 2009… Read More »