Fear eventually leads to opportunity. Look at cruise stocks, for example. Over the last few weeks, most of the top cruise stocks were crushed by consumer spending, and potential tax crackdown fears. However, according to analysts at Stifel, the tax fear was a massive...
After dropping from about $160 to $135, Marathon Petroleum (MPC) appears to have caught strong double bottom support. It’s also over-extended on RSI, MACD and Williams’ %R. Plus, the company’s Chief Commercial Officer, Ricky Hessling just bought 2,000 shares of MPC...
by Ian Cooper Some of the most ridiculously oversold stocks are on sale. Look at $68 billion Chipotle (CMG). For one, Chipotle director Mauricio Gutierrez paid $500,000 on March 5 for 9,400 shares, an average price of $53 each. Two, the stock is now technically...
Palantir Technologies (PLTR) is coming back strong. After catching support at around $75, it’s now back up to $86.24. Now, if it can break above its 50-day moving average, we’d like to see it retest $100 initially. It’s also starting to pivot from over-extensions on...
Keep an eye on quantum computing stocks like D-Wave Quantum (QBTS). After finding strong support at $4.50, QBTS is just starting to pivot higher. Last trading at $6.91 we’d like to see it rally back to $11 initially. Helping, the company just “announced a...
Markets have been a disaster. Fear is mounting. Trade wars are intensifying. There are fears of more tariffs, inflation, and even a potential recession. However, after a massive 3,000-point drop in the Dow Jones, a good deal of tension is priced into the market. Plus,...
Microsoft (MSFT) has become unbelievably oversold at support dating back to early 2024. It’s also over-extended on RSI, MACD, Williams’ %R and Full Stochastics. From its current price of $380.45, we’d like to see the tech giant retest $400 again initially. From there,...
Keep an eye on the stretched Volatility Index (VIX). It’s now at its second highest point over the last year. It’s also stretched on RSI, MACD and Williams’ %R. Also, historically, when the VIX gets this hot and stretched, it will reverse and pivot not long after. And...
by Ian Cooper If you’re looking for a solid investment that will protect your portfolio from excessive volatility and generate income, you may want to jump into real estate investment trusts, or REITs. For one, real estate serves as a hedge against inflation. That’s...
Keep an eye on rebounding shares of Akamai Technologies (AKAM). After gapping from about $102.50 to a low of $75.60, AKAM is just starting to pivot higher. Last trading at $87.52, we’d like to see the stock refill its bearish gap at around $97.50 initially. Helping,...