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LULU for a Buy?
LULU has been one of our favorite stocks to trade this year, and it looks like it wants to break out and head for a $240 price target. This is how I’m trading it.
What’s next for gold?
After a lot of patience along oversold support levels, gold is rallying, and so the next stage of this trade is what are the upside expectations for the long position and how do we measure that?
Another Short Squeeze
With the market at extensions, some of the best trades are short squeezes. We saw that in TSLA, RH, AMD, and VICI. Now, I have my eyes set on NVRO, WGO, and LK. Check out the parameters here.
Prioritizing “Double Greens” into year’s end.
Here’s how I will play the window dressing-led rally into year’s end: Look at what’s been strong and look for it to be bought.
Your Next Trade in TSLA — Part 2
We spent some time walking through TSLA Thursday before last and the results were directly in line with what we were looking for. Can we see more of that into the abbreviated holiday week? Let’s see what the charts suggest.
Will 2020 Be The Year to Sell Gold?
At the end of 2015 I asked whether 2016 would be the year to buy gold. That ended up being the right time to ask that question. Now I want to look at whether we should be selling Gold in the year to come.
Eyeing Another Short Squeeze
KMX reports before the open, but after hours I’m already seeing a breach of the previous high — which could equal a great day trade setup tomorrow, or a swing trade for next week. Here’s the setup and how I’m playing it.
S&P 500: New all-time highs; new warnings.
Last night we looked at the longer-term picture in the S&P 500 and why we wanted to wait for pullbacks. We can’t know when those pullbacks will come but tonight’s look at the short-term picture warns that it could be soon.
How many new all-time highs can we get this year?
In this video, we discuss my SPX 3200 price target as well as the price action of the market. We also look at what to expect as we go into the end of the year.
S&P 500 Still Has Gas in the Tank
The S&P 500 hit new all-time highs again today, and while Elliott wave patterns suggest that there is even more upside, my focus remains on waiting for pullbacks to buy.
