Gareth Soloway
The stock market continues its impressive bounce. Swing traders are waiting patiently for key levels to trigger. To give an example, the S&P 500 just hit a 50% Fibonacci retrace. This tells technical traders and investors that the market is starting to hit some resistance.…
As markets continue to rally, investors are becoming more confident. The vibe is now that COVID-19 will pass soon and it will be business as usual. In reality, that is unlikely. Until there is a vaccine, there will be no ‘business as usual’.…
As the markets surge back from panic depths, investors are clamoring to buy. While most stocks are surged 20-30 even 50% off their lows, the hidden gem trade may be Tupperware Brands Corp (TUP). Everyone knows of tuppeware and its uses to store leftovers and other food.…
Investors need to trade the charts. If you can shut down emotion and just trade the charts you can profit in bull and bear markets. Emotion is the great profit killer. To put it to use, let’s look at the current S&P tracking ETF (SPY).…
There may be a glimmer near-term as buy signals on airline stocks show up. Stocks like Spirit Airlines Inc (SAVE), American Airlines (AAL) and Delta Airlines (DAL) all are hitting key technical levels. Delta and Spirit Airlines both filled major gaps on a classic retrace of their recent bounce.…
Investors are trading through the most volatile market ever. Every investor in the world should pay attention to the Apple price target below.
As the world grapples with COVID-19, investors are trying to figure out how long the United States economy will be shutdown.…
Shares of Delta Airlines (DAL) are falling 16% today as the market continues to worry about COVID-19 and the implications for the airline industry. Last week, Delta Airlines traded as high as $36.00 and now hovers at $24.00. Its pandemic low was two weeks ago at $19.00.…
President Trump tweeted about a massive infrastructure bill today. This is a no brainer when we emerge from COVID-19 lockdown. It is something the country desperately needs and will put millions of people back to work. The government is willing to print trillions of Dollars and this is probably the best way to kill two birds with one stone; get people to work and fix a major issue in this country.…
Occidental Petroleum Corporation (OXY) is trading near levels not seen since the early 2000’s. However, oil is trading at levels not seen since the 1990’s. So what makes this oil play a possible gem? First, understand that the current price is reflecting a worse case (bankruptcy) scenario.…
Crude oil continues to collapse, approaching $20 per barrel. A price war between Russia and Saudi Arabia timed perfectly with the COVID-19 pandemic has crushed oil to levels not seen since early 2000. Based on key technical chart levels, oil will find support at $17.50…
