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...
by adammesh | Apr 26, 2023 | News
Over the past month, our stock in focus today has risen and fallen, creating a well-defined channel with a floor and ceiling traders can use as a guardrail for the time being. Up 3% during the last 30 days, price has recently rejected of the top range of the channel,...
by adammesh | Apr 25, 2023 | News
Today’s trade setup has multiple layers to why it could be a great swing trade in the making. First, we have a major level to watch. This level has proved itself to be a meaningful one several times over the past few months. The level 300 has acted as resistance for...
by adammesh | Apr 24, 2023 | News
Ever since the meltdown of Silicon Valley Bank, there’s been one sector that been on fire. Not exactly what you might expect with all the doom and gloom that followed that supposed crisis, however, financials have found real strength regardless of a financial meltdown...
by adammesh | Apr 21, 2023 | News
The Artificial Intelligence industry has been on fire lately, but that momentum has slowed down a consider amount since ChatGPT really made headlines a few months back. However, there was one AI stock in particular that rode this wave quite nicely, only to eventually...
by adammesh | Apr 20, 2023 | News
Oftentimes, traders are presented with two very real possibilities, up or down. However, one simple rule that has helped me build my system of trading has been, calls at support and puts at resistance. For our stock today, however, we can look for exceptions to that...
by adammesh | Apr 18, 2023 | News
Our stock on watch today is an old favorite of ours, which you’ve probably heard us alert on before. This time, we have a great trade setup for our strategy, a multi-day swing type trade. On top of that, we have a good nexus point where we could either go long or...
