You probably have your criteria for what you like in a stock. You know mine. Small cap stocks between $300 million and $2 billion market cap, beta greater than 1.5, price under $10, and volume greater than 1 million. But there’s one more level that you may not even know about. I’m talking about the short interest.
Continue reading “Money Making Stocks On Short Squeezes”
How hard is it to swing trade for a living from home? Swing trading for a living is easier than you might think. Swing trading strategies are not hard but you need to know what the right tools are and how to use them.
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Heikin-Ashi candlesticks are awesome for timing swings and trend changes.
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Exelixis stock looks like a good technical setup. The stock is oversold and looks to be trading inside a larger uptrending continuation pattern on the chart.
Continue reading “Exelixis Stock Oversold Continuation Pattern Setup”
Advanced Micro Devices stock is rising after it was upgraded by analysts at BNP Paribas from a Neutral rating to an Outperform rating on Thursday, October 12, 2017.
Memory prices have increased and most analysts expect memory prices to remain high well into 2018. Despite increased demand for memory, neither Micron nor its competitors have moved to increase capacity.
Continue reading “Advanced Micro Devices Stock Rising After BNP Paribas Upgrade”
SINA Corporation is an excellent looking growth stock to add to the watch list. The company has grown earnings 1,350% and 159% the past two quarters. The company’s earnings per share will zoom up 109% this year. I think this stock could go up 100% within the next 52 weeks.
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The ISM Manufacturing Index rose to 59.8 in September for the highest reading since August 2005. The ISM factory activity reading was the best in nearly 13 years.
Traders immediately took to shorting gold on the very bullish economic report.
Continue reading “ISM Manufacturing Best In 13 Years as Short Gold Trade Is On”
I took a swing long position in Amazon stock today after the chart confirmed a candle over candle reversal. Folks I’m addicted to Amazon as a company as well as its stock.
If you watch the Saturday Show on YouTube then you know my wife has severe pancreatitis. She has been hospitalized since August 1, 2017. Amazon has made things better for my family. I needed to order special medical supplies for my wife and even electrolyte ice-pops that make it possible for her to absorb potassium through her mouth because she can’t hold down anything in her stomach. These items are such “specialty” items that it would be impossible to find these things locally.
Continue reading “I’m Hopelessly Addicted to Amazon Stock”
SOXX stock scares me right now folks. Yes it had a big up day but one day does not a market make. I put the prediction odds at about 50% if SOXX goes higher or lower from here. I’m not convinced SOXX has bottomed for the weakest 6 months of the year and I’ll explain why.
Continue reading “How SOXX Stock Can Get You Into Trouble Fast”
The Twiggs Money Flow on Amazon stock has broken above the zero line and has gone positive for the first time since August 7, 2017.
Amazon just rolled out Amazon Fresh in my area of Fresno, California. I signed up for the 14-day trial for Amazon Fresh and immediately canceled it because of the poor delivery times. On Saturday, I ordered 4 peaches, and a bag of shredded mild cheddar cheese. Amazon Fresh said they could not deliver it until Tuesday, LOL. I cancelled and told them I’ll just go to the grocery store myself and pick up these items in like a hour. If Amazon Fresh is going to be successful, they have to get delivery times down to same-day and at most, one day later. If they can’t do that they might as well close down their Amazon Fresh website because only the elderly and disabled are going to be willing to wait 3 or more days for their groceries to be delivered.
I think Amazon is poorly executing on their Amazon Fresh division. Amazon Fresh wasted about an hour of my time when you include the time it took me to order and then to cancel my order as well as my Amazon Fresh trial. I won’t try Amazon Fresh again for a long time. Maybe I’ll never try it again. That’s the cold hard reality of retail: first impressions are everything. Amazon has blown it in their roll out of Amazon Fresh by promising too much and then not delivering. Still, if any company can turn this around it’s Amazon.
MKM Partners recently gave Amazon a target price of $3,330 which you can read about here.
I’ve been trading in and out of Amazon stock for about a month now and it’s been a great stock to swing trade.
That’s a good basing pattern and perhaps even an inverted Head and Shoulders pattern. The 50 day moving average (blue line) is setting up a possible breakout play. Here is a swing trading lesson on breakout chart patterns.
In addition to the Twiggs Money Flow going positive, the Effective Volume study shows large players volume is still in an uptrend.
Prices have been consolidating lately forming a momentum squeeze on the chart:
The TSI is holding its buy signal cross from August 30, 2017.
There is very little resistance above the current price. There is a support zone below the current price at $972.24, a stop order could be placed below this zone.