This is free post about a new stock I am monitoring. The stock is Fitbit (FIT: NYSE) and came into my view yesterday due to a spike in trading volume. I’ve since found that this uptick was helped by a recent report mentioning this stock is undervalued. FIT ticks many boxes of my trading criteria […]
AMD (Advanced Micro Devices) has been a favoured NASDAQ tech stock of mine to trade and I am currently LONG the stock after being assigned a Short Put at $12 some months ago. I have been watching for any test of the key $15 level and a recent triangle breakout has triggered such a test. […]
Despite all of the risk events making headlines around the world, US stocks are carving out decent gains with the major stock indices making or testing all time Highs. In this free post I apply the Fibonacci Extension tool on monthly charts for four of the US majors to see what light, if any, this […]
I just published an article noting that the recent choppy action across FX pairs isn’t setting up many TC signals for me and so I will be concentrating on the S&P500 more closely this US session. This is an open article for all traders about how I’m reading the current S&P500 charts.
The S&P500 has been consolidating in a Flag style pattern for most of this year but price action is currently testing the upper trend line. Keep an eye on this latest push higher as any successful breakout might bring the 2,880 level into focus.