by adammesh | Feb 14, 2023 | News
Chinese stocks have been making a comeback this year, and this is no different for our stock for today’s Daily Smart Report. Baidu’s (BIDU) stock has been rising in a well defined channel for several weeks at this point. In addition to that, the stock has two key...
by adammesh | Feb 13, 2023 | News
The stock in focus today has been a well-established uptrend for quite sometime. However, now, the stock has pulled back a bit, but it has pulled back to a key support level. This means, market willing, Lam Research (LRCX) could very well be ready to head higher. Now,...
by adammesh | Feb 10, 2023 | News
Yesterday really put a damper on all the rally talk after a steep decline across the board. This is where our patience to jump into a trade pays off. Fighting off the temptation to take either bias, up or down, and letting things shake out. One stock that look...
by adammesh | Feb 9, 2023 | News
Caterpillar (CAT) is forming a negative momentum divergence, broke a key trend line of support, and now appears to be putting the finishing touches on a possible bearish head and shoulders pattern. If this pattern confirms then there could be a significant mover lower...
by adammesh | Feb 7, 2023 | News
Our options trading strategy is very simple. It doesn’t involve too many fancy indicators and it’s a method of trading that’s been around for hundreds of years at this point. We simply look at price with the goal being that we are keeping our strategy for trading as...
by adammesh | Feb 6, 2023 | News
Th market stalling out a bit last week has led many to question whether the bull rally will continue or not. However, until then, there are still some stock that have quality set ups that we can use to make a great trade. One trade idea that comes to mind is brought...
by adammesh | Feb 3, 2023 | News
Our stock today popped above a key resistance level, which means higher prices should come, as long as breakout level holds and the market continues its march upward. After selling off over night due to some lack luster earnings reports, that uptrend may be in...
by adammesh | Feb 2, 2023 | News
After the day the market had today, it is reasonable to assume we have some follow through today. That being said, tech stocks have had a great last couple of weeks with today’s stock being another one that looks to be gearing up for a further move higher. Snowflake...
by adammesh | Feb 1, 2023 | News
In this issue, we are going to talk about two stocks who have very similar setups. For us, the most important thing to watch is price and finding those price levels that are most significant when it comes to the stock in question. In addition to that indicator, we can...
by adammesh | Jan 30, 2023 | News
Our stock today, Seagate (STX), has tested a key resistance level at $70, a level that has proved to be an important level in the past as you can see by the line drawn on the chart below. This implies that a break through that level could lead to a run up to $75, and...
