From Ian Cooper, Author, Trigger Point Trade Alerts Markets are a mess. Yesterday, the Dow closed down 323 points, and the NASDAQ sank 311. All thanks to debt ceiling fears, inflation, skyrocketing oil prices, and surging bond yields. Meanwhile, the volatility index...
Chart of the Week -- Cassava Sciences (SAVA) The pullback in Cassava Sciences (SAVA) is overkill. After pulling back from $130 to $40 after the quality and integrity of SAVA’s Alzheimer’s test results were called into question, the stock is just beginning to push...
From Ian Cooper, Author Trigger Point Trade Alerts Fear is running rampant. Thanks to a potential major default in China, an upcoming Federal Reserve meeting, the virus, and fears of a slowing economy, the Dow has fallen more than 1,300 points in just days. According...
Chart of the Week -- Fate Therapeutics (FATE) Keep an eye on Fate Therapeutics (FATE). After pulling back from $97 to $66.50, Fate Therapeutics has become severely oversold on RSI, MACD, and Williams’ %R. It’s also holding double bottom support dating back to early...
From Ian Cooper's Trigger Point Trade Alert Playbook Efficient Market Theory argues that news is already factored into prices. By the time you hear about a news event, EMT claims, all of the effect that information will have on the market is already priced into the...
Chart of the Week -- Moderna (MRNA) Investors may want to consider taking a position in the Moderna (MRNA) pullback. sc After pulling back from $497 to $416, Moderna is just beginning to pivot higher, and could retest its prior highs. All after the company initiated...
From Ian Cooper, Author Trigger Point Trade Alerts The buy now, pay later boom is here. Otherwise known as BNPL, it’s “gaining popularity given that interest rates are ultralow, reducing costs for consumers. Other fintech apps have entered the market, including...
Chart of the Week -- Li Auto (LI) Keep an eye on Chinse electric vehicle stocks, like Li Auto (LI). At the moment, it’s sitting at triple bottom support, but could soon test a prior high of $34. Not only did the company just beat Q2 estimates, it provided a strong...
Chart of the Week -- Nio Inc. (NIO) Shares of NIO have become oversold at support. RSI and W%R are both stuck in oversold territory as well. In addition, as you can see in the chart above, each time W%R and RSI are deep in oversold territory together, the...
From Ian Cooper, Author Trigger Point Trade Alerts Use Weakness in Uber and Lyft is an Opportunity Investors may want to pay close attention to ride-hailing stocks, like Uber and Lyft. Over the last few days, a California court struck down a measure that exempted them...