by adammesh | Jul 28, 2023 | News
Abbott Laboratories (ABT) had a nice pop after announcing earnings, all the way up over that 115 mark of resistance. Since then, the stock has stumbled a bit, while buyers decide whether or not they want to step back in. The stock has now fallen to a support level...
by adammesh | Jul 27, 2023 | News
Today’s stock pick i less about price and levels and more about a chart pattern, which traders should also familiarize themselves with. In this case, we are watching a bearish pattern known as a rising wedge on Marriott (MAR). As you can see in the video, when looking...
by adammesh | Jul 25, 2023 | News
UnitedHealth Group (UNH) has made it across our screen yet again, as the stock is looking to make a big move. UNH stands out among the rest of the healthcare stocks because of the relative strength it has among its peers. As many of you know, during a tech induced...
by adammesh | Jul 24, 2023 | News
The market showed some signs of weakness last week, putting a pause on the rally that traders and investors have gotten so used to over the past several weeks. However, some weakness early on to start this week could present us with a great opportunity when looking at...
by adammesh | Jul 21, 2023 | News
As oil prices attempt to make a move higher, one name to watch as the stock moves off a big support level is Chevron (CVX). If price can reclaim that 160 mark, the stock should have a pretty clear path to 165. For this stock to really get going, we would need to see...
by adammesh | Jul 20, 2023 | News
Our last trade was a bearish call on a healthcare stock, which is a great lead in to our trade idea for today, Thursday, July 20, 2023. UnitedHealth Group (UNH), recently made a massive move on the back of an earnings report that Wall Street seemed to really like....
by adammesh | Jul 19, 2023 | News
In a market that seemingly won’t be stopped on its way higher, we managed to find a bearish play. Illumina (ILMN) has been bouncing along a support level of around 180 for quite some time before breaking below it very briefly. This trade is another very straight...
by adammesh | Jul 18, 2023 | News
Today our stock in focus is Lam Research Corp. (LRCX), which looks like it wants to move higher. If we could get a slight pullback to the 650, then this could set us up for the best risk/reward on the trade. The market has a somewhat sluggish start to the morning,...
by adammesh | Jul 17, 2023 | News
While the market may still be in an uptrend and look quite bullish, there is still room for the occasional pullback. For Amazon (AMZN), this area for a pullback may be imminent. Currently, if you look at the daily chart on AMZN, you see two signs that a pullback may...
by adammesh | Jul 14, 2023 | News
The last time we discussed a trade on Roblox (RBLX), we broke down exactly what support resistance are and how to use them in order to make a higher probability trade. Now, we have the opportunity to take what we have learned and apply it to the very same stock, let’s...
