Hey Technology, Get Your Act Together
The tech sector continues to lag the broad market. The slew of worse-than-expected earnings has been the main culprit, with names like IBM and INTC at the top of the list. In general, semiconductors...
View ArticleTrading 101: Are These Stocks Going to Pin?
In case you aren’t aware, this week is May expiration week and options on equities for May are set to expire after the market closes today at 4:00 PM EST. On Tuesday, I highlighted a strategy known as...
View ArticleTrading 101: A Look Back at Semiconductors
Yesterday we saw some weakness from the semiconductors, and, in particular, blue chip firm Intel (INTC). The downgrade from Evercore revealed some weakness in INTC and tech stocks in general throughout...
View ArticleTrading 101: Awaiting These Two Sectors
We keep coming back to the transports and looking for Dow Theory to confirm another leg higher in the market. The daily chart of the IYT is posted below–note how recently the transports made a new high...
View ArticleTrading 101: An Alternative Thesis
Last week, I mentioned how some of the major momentum players in the market were beginning to fade. I’m referring to stocks such as Netflix (NFLX), Facebook (FB), LinkedIn (LNKD), and Tesla (TSLA). The...
View Article
