It’s always exciting to be featured on the “Off the Charts” segment of Mad Money on CNBC. Jim Cramer is a master at taking a dry two-dimensional topic like charting, and bringing it alive with his own insights and humor. On tonight’s show, Jim articulated perfectly the RightView Trading take on the broader market on… Read More »
Normally the price of Square (SQ) has been very positively correlated to the price action of the Technology Select Sector SPDR FUND (XLK). But that relationship has broken down since early last month. Even as the broader technology sector has continued to rally, Square shares have been either flat or lower. This week was a… Read More »
Since their sharp decline in March, shares of Boeing (BA) shares have been buffeted by fundamental wake turbulence. But despite the continuing developments in the Boeing 737 Max investigation, the stock has been moving in well-defined ranges. For example, the lower end of the unfilled March gap lower is acting as resistance. It is also,… Read More »
Workday (WDAY) rallied over 65% from its November 2018 lows to its March 2019 high. Since then it has been consolidating in a lateral triangle pattern. Support is situated in a zone between $177 and $175, and resistance is being supplied by a downtrend line drawn off the 2018 highs. Last week Workday shares tested… Read More »
In January this year, the price of West Texas Intermediate Crude and the oil services sector stocks, as represented by the VanEck Vector Oil Services ETF (OIH), both jumped higher. In February their upside trajectories flattened out. Then in March crude prices began to rise again but the services sector lagged behind. This month the… Read More »
Tesla (TSLA) shares took a tumble today after a strong day on Wednesday. This is not what I expected when I outlined my technical take on Tesla, which was featured on the “Off the Charts” segment of Mad Money. It should be noted that Jim Cramer had an opposing viewpoint on Tesla. Technical analysts scan… Read More »
Once again, we were pleased to be invited to contribute to the “Off the Charts” segment of Mad Money on Tuesday night. Jim Cramer and his “Mad Money” team do an excellent job of presenting the charts and our interpretation of the price action. Thanks to Jim and his staff. Here is our take on… Read More »
Lately, Twitter (TWTR) seems to have fallen off the trader radar screens. There has just been less chatter about the stock on Twitter (irony not lost) or in the financial media. No doubt due to the fact the price action in the stock has been muted. This year Twitter has moved in about a $4.00… Read More »
Facebook (FB) shares closed today above the 50% Fibonacci retracement level of the 2018 high and low range. That is a significant technical level but the price action was equally as important. The stock opened near its low of the day and closed near the high of the day – also the high for the… Read More »
The continuous contract Light Crude Oil (WTIC) weekly chart has reached an inflection point in price. The intermediate term direction of the energy sector could be determined by the way it reacts at this critical juncture. Crude oil arrived here by price action that, in retrospect, created a series of well-defined technical patterns. Beginning in… Read More »
Facebook (FB) shares dropped over 40% in the last half of 2018. They bounced back by about the same percentage so far this year. But as most traders know, it takes twice the return to make up for an initial loss. So, the pop in Facebook’s stock price in 2019 only returned the stock to… Read More »