Year: 2018

Russian President Putin shaking hands with Saudi Crown Prince Mohammed bin Salman on June 14, 2018.

OPEC Meeting On Friday, June 22, 2018

21/06/2018

OPEC is going to increase oil production. Russia has been lobbying Saudi Arabia hard to get production numbers up. If OPEC does not agree to increase production, then Game Theory kicks in overdrive as member countries will really start cheating and the entire production agreement will fall apart anyways. My feeling is that Russia will Read More »

Microns latest earnings call was a body blow to the bears. Analysts weigh in.

Robert Baird Buy on Micron With $100 Price Target

21/06/2018

Robert W. Baird analyst Tristan Gerra gave a buy rating on Micron stock today with a price target of $100. Benzinga is reporting that after a recent Asia field trip, Baird’s outlook on the market flipped. “We no longer expect second-half tightening in NAND flash supply/demand trends,” said analyst Tristan Gerra, citing double-digit content increases Read More »

BOXL chart explodes higher on big news announcement of major deal

BOXL Lands Major Deal For 3,200 Classrooms!

21/06/2018

Boxlight today announced that Georgia’s fifth-largest school district is installing its innovative Mimio classroom solution suite in approximately 3,200 classrooms, comprising of 37 elementary, 14 middle and 11 high schools. The contract with Clayton County Public Schools (CCPS) will result in over $11 million in sales with an anticipated completion date by the end of Read More »

Micron stock chart with rising large players volume

Micron Technology Cup and Handle After Earnings Beat MAYBE

21/06/2018

Micron Technology appears to be forming a Cup and Handle pattern after the company reported monster earnings and revenue beats. Micron Technology reported earnings on June 20, 2018. The company reported EPS of $3.15 which beat the consensus estimate of $3.13. Revenue also beat coming in at $7.8 billion versus the $7.76 billion estimate. Micron Read More »

MRK chart in uptrend

Merck Stalk For Candle Over Candle Entry On Large Block Trade

20/06/2018

Merck stock has pulled back to uptrend line support on rising large players volume and Twiggs Money Flow. Merck is testing uptrend support. Today’s (June 20, 2018) candlestick looks a bit weak and that could have to do with the escalating trade wars. Still, it’s a good idea to play this cautious. I would prefer Read More »

AMTD chart rising large players volume on candle over candle

TD Ameritrade Stock Good Swing Long Setup

20/06/2018

TD Ameritrade stock looks like a good swing long setup on the daily chart after it formed a candle over candle reversal. TD Ameritrade had a major glitch that took their service offline last week. TD Ameritrade stock fell down to support over the next few days. Let’s take advantage of this temporary weakness. I Read More »

SPX big move down.

China Stock Market Plunges Below 3000 On Trade War

19/06/2018

China used their 10 percent trading curbs as more than 1,000 stocks fell below -10 percent and hit the halt limit. The Shanghai Composite Index fell below 3,000, a level previously breached during market crashes in 2015 and 2016. US markets were not immune to the selling when they opened. The Bears on top call Read More »

Mystery stock with rising Twiggs Money Flow and large players volume

Stalking For Downtrend Channel Breakout With P/E of 4.48

17/06/2018

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CNN. India moves ahead with tariffs on US goods

India To Hit US With Trade Tariffs In Retaliation

17/06/2018

India is hiking tariffs on 30 US products in order to recoup trade penalties worth $241 million. India said the retaliatory barriers are equal in value to US tariffs on steel and aluminum from India that were imposed by the Trump administration in March. Source: India Moves Ahead With Tariffs On US Goods | CNN Read More »

PPI chart is spiking higher on tariffs and higher oil prices

Stock Market News For Trading Week of June 18 2018

17/06/2018

The Stock Market Prediction Show is broadcast every Saturday night on YouTube to get you focused and ready for trading the week ahead. There’s some interesting cross-currents happening in the stock market and to ignore them could really cost you to lose a lot of money. Notice that on the TICK chart, no institutional buying Read More »