by adammesh | May 10, 2023 | News
Stocks surged on the back of the news that CPI came in at 4.9%, its lowest level in two years, giving the market a second wind to perhaps finally breakout of the consolidation are we found ourselves in. As of now, this news has been seen as extremely bullish, however,...
by adammesh | May 9, 2023 | News
All eyes are still fixed on the banking industry as more banks decline or climb in the wake of more failures. However, the bank at the focus of today’s stock pick is not one of those that is in danger of collapsing, at least not yet that we know of. M&T Bank...
by adammesh | May 8, 2023 | News
Despite a massive surge in price starting last summer, Wynn Resorts (WYNN) looks to be developing a bearish pattern that could signal the end of this rally. Coming out of the pandemic, casinos began to make a speedy recovery as customers returned to the hotel and...
by adammesh | May 5, 2023 | News
As we always say, trading is mostly about keeping it simple. Not confusing yourself with a multitude of different indicators or a complex strategy that’s difficult to replicate day in and day out. That’t exactly why my students and I stick to the basics when it comes...
by adammesh | May 4, 2023 | News
One of our favorite stocks to trade has finally come up to an old resistance level, signaling there could be another retreat from this level. Given the weakness of the market after yesterday’s FOMC meeting, this could be another rejection in the making. Couple that...
by adammesh | Apr 27, 2023 | News
After reporting better-than-expected earnings, Northrop Grumman (NOC) took a nasty spill. After falling toward support around 440 the stock started a bit of a bounce Thursday morning. This move could be a relief bounce or it could be a reversal higher as buyers set...
