Last week we talked about how the debt ceiling talks would be a back and forth, optimism and stalls, as Washington thrives on the headlines and use this opportunity to get more attention. You can read that here. Sure enough, we saw headlines last week that showed...
This market is absolutely stuck. Everyone seems to be waiting on the debt ceiling issue to get resolved. So when we get an email that says "Take Your Wins on AMZN Calls" it definitely gets our attention. Here is what Ian Cooper sent to his readers yesterday: "Action...
Patience is key to successful trading, but it sure ain't easy. That's why when it pays off it helps reinforce that the wait is worth it. As we scan for great set ups, it is always exciting to see a good one develop. One of our favorites, the Bullish MACD Crossover,...
The only certain we know about the next week or so is that Washington DC is going to bask in the media spot light. After all, what do they like more than to have their soundbites air across the media waves? This is fertile ground for them to say the other side is the...
Albemarle(ALB) is the lithium industry’s 800 lb. gorilla. And while it’s been beaten down on soft lithium prices, don’t write it off. Not only is it starting to pivot from major support, it could see massive upside. From a current price of $194.51, I’d like to see...
We all know electric vehicles have been on the rise. We just talked about IDRV a month ago (check it out here) and Ian Cooper mentioned it again just a few days ago (check that out here). In addition to all you already know about EVs (popularity, lower run costs,...
One of the big side effects of the pandemic was a surge in interest in our pets. Adoption shelters were empty, spending on pet related care and products was at a high. But now with everyone back at work and traveling again, how does that trend look? One stock that...
An interesting scenario is setting up. With mid sized banks getting pummeled, traders are jumping in to grab short positions in those stocks. This morning, some of those stocks are looking to recover a bit, setting up a potential squeeze for those short sellers. This...
A month ago we looked at the banking crisis and explored an entry that would show the crisis was truly under control as Washington wanted us to believe. That signal never materialized (you can read it here). It is also clear that we are not out of the woods just yet....
On the surface, one could realistically expect a bear market or even a significant drop. Banks failing, Feds scrambling to tightrope inflation, job cuts in the previously immune tech space, interest rates at highs. Even headlines warning of the coming crash. Yet the...