by Trent Smalley, CMT | Nov 28, 2016 | Monday Morning Reads, Stock Market Commentary
OPEC bid to save oil deal: http://www.reuters.com/article/us-opec-meeting-idUSKBN13N0Q6 Rally in US Stocks is “Just Getting Started”: http://www.marketwatch.com/story/why-the-rally-by-us-stocks-is-just-getting-started-in-one-chart-2016-11-28 Italian Banks...
by Trent Smalley, CMT | Nov 25, 2016 | Stock Market Analysis, Stock Market Trends, Technical Stock Market Analysis
Back on November 15th I blogged about $FCX getting to $20: https://omahacharts.com/single-post/2016/11/15/Freeport-FCX-to-20-and-Beyond I was recently asked if it was too late to get into $FCX if you didn’t already have exposure as it has run up to above $16...
by Trent Smalley, CMT | Nov 23, 2016 | Stock Market Commentary
It’s a relatively slow news morning so I am watching these: Activist investing with Bill Ackman, CEO of Pershing Square: The Future of Banking with Lloyd Blankfein, CEO of Goldman Sachs: Playing on the Global Stage with Starbucks CEO Howard...
by Trent Smalley, CMT | Nov 22, 2016 | Stock Market Trends, Technical Stock Market Analysis
The $IBB Biotech Index is displaying a textbook Pennant pattern. These patterns begin with a straight line run up to the triangle pattern, formed by two converging trendlines. Price in these patterns most often slopes against the prevailing trend and can breakout in...
by Trent Smalley, CMT | Nov 22, 2016 | Stock Market Commentary, Tuesday Morning Reads
Georgetown professor career advice: Quit all social media immediately: http://www.marketwatch.com/story/career-advice-from-a-georgetown-professor-quit-all-social-media-immediately-2016-11-21 Can we even call them “Black Swans” anymore?...
by Trent Smalley, CMT | Nov 21, 2016 | Stock Market Analysis
This past weekend, TD Ameritrade released a couple of powerful new tools in its Think or Swim platform. One that I am exceptionally excited about is the new “Earnings Analysis” Tab which you can find under the Analyze drop down. If you are an equity...
by Trent Smalley, CMT | Nov 21, 2016 | Stock Market Commentary
Inside a Moneymaking Machine Like No Other: (This is Hot) http://www.bloomberg.com/news/articles/2016-11-21/how-renaissance-s-medallion-fund-became-finance-s-blackest-box Apple Replacing iPhone 6s Batteries For Free:...
by Trent Smalley, CMT | Nov 18, 2016 | Stock Market Analysis, Stock Market Commentary, Stock Market Trends
The United States Dollar Index has broken out above its nearly two year Horizontal Consolidation Region (HCR). Going back to the start of 2015, the /DX has traded in a range between $93 and $100 but has broken through the overhead resistance level. The upward breakout...
by Trent Smalley, CMT | Nov 18, 2016 | Friday Morning Reads, Stock Market Commentary
Goldman Sachs’ Top Trade Ideas for 2017 Volkswagen to Cut 30,000 Jobs http://money.cnn.com/2016/11/18/news/volkswagen-job-cuts/index.html?iid=hp-stack-dom Trump to Keep Ford Plant in Kentucky, No Move to Mexico: Donald Trump Announces Ford Will Keep Plant in...
by Trent Smalley, CMT | Nov 17, 2016 | Stock Market Trends
The Cup and Handle formation is a widely recognized bullish continuation pattern developed by William O’Neil in is 1988 book, “How to Make Money in Stocks.” As the name describes, this formation has two parts: The Cup or the rounding bottom, and the...