Chart of the Day: Bristol Myers (BMY)
Bristol Myers (BMY) had a terrible year.
Since Jan. 1, BMY plummeted from about $72.50 to $50.10 – where insiders seem to be confident a bottom may be in place. On November 20, for example, director Theodore Samuels paid $423,400 for 8,500 Bristol Myers shares. Then, on November 28, CEO Chris Boerner bought 3,071 shares for about $150,000.
GD: Technical ‘Buy’ Trend Identified
Yesterday, we looked at a Daily Price Chart for W.R. Berkley Corp., noting that WRB’s 24/52 Day MACD is trading above the 18-Day EMA signaling a ‘Buy’.
For today’s Trade of the Day e-letter we will be looking at a daily price chart for General Dynamics Corp. stock symbol: GD.
Three Top AI Stocks for New Year 2024
The artificial intelligence market will be worth billions, if not trillions.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – could grow twenty-fold by 2030 to more than $2 trillion. All while the technology massively disrupts everything about everything.
What To Expect In December
Not really too much opportunity here except for very short term traders. In our daily Keypoint video for Wednesday morning (I’ve included a sample below so you can see it for yourself) I said that the highs are unlikely to be taken out and short traders could sell short futures/ buy puts on any early strength with the proviso “see profit/ take profit”.
Where Are The Holiday Season Trades?
The holidays are here, and they just keep coming. Over the next 4 weeks, we’re going to wrap up 2023 and launch into 2024, and we’re all looking for that last possible push for the market.
Gaming Stock Reveals A Trade Setup
Good morning! I noticed something on my charts I wanted to share with you. (I have also included an update on a previous trade at the end of this message.)
I was going through various patterns to look for great trades and found a great example in Roblox Corporation (RBLX) that shows how powerful one of my favorite indicators is at spotting great trades. True Strength Index is effective at spotting strong trends and weeding out the weaker moves. To learn more about TSI, click here.
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