Gaming Company Stock Reversal Offers A Potential Win
Take a look at this example of a trade I just spotted. Finding great bargains that are overbought or oversold doesn’t have to be as hard as it may seem. Let me show you what I noticed on a chart of United Electronic Arts Inc. (EA).
Cboe Market Volatility Index (VIX), Trending Stock Report
We previously held a Cboe Market Volatility Index (VIX) call option that expired on the 22ndof this month. This option acted as cheap insurance in case market volatility increased. It’s time to buy another cheap insurance policy just in case there is a volatility increase over the summer.
Critical Signs To Tell If We Are Reversing
The attached chart shows the expected cycle high that was due last Monday/ Tuesday and thus far shows a Tuesday closing high. Only a new closing high would make me doubt the cycle. Two stocks that will act as “tells” as we start the week are META and TSLA. If these stocks rally, so will the general averages and vice versa.
Candlestick Reversal Patterns
Candlestick reversal patterns primarily apply to trending markets, though they can be meaningful near the tops and bottoms of trading ranges. It is important to note, though, that a “reversal” in the lexicon of candlesticks does not necessitate a diametric change in direction. A reversal here may suggest an abatement of momentum. “Up” may turn to “flat” and doesn’t necessarily have to turn to “down.”
RDNT: Small-Cap Health Care Standout
Yesterday, we looked at a Daily Price Chart of the VanEck Vectors Semiconductor ETF, noting that SMH has been making a series of new 52-Week Highs.
For today’s Trade of the Day e-letter we will be looking at a monthly chart for RadNet, Inc. stock symbol: RDNT.
Chart of the Day: Revisiting Advanced Micro Devices (AMD)
On May 17, we noted:
“After slipping from about $227 to a low of $141.16, Advanced Micro Devices (AMD) is starting to bounce back strong. Last trading at $162.37, we’d like to see it initially retest $180 near term. Helping, analysts at Jefferies just initiated coverage of AMD with a buy rating, with a price target of $190 a share. AMD also replaced Nvidia on the Wolfe Research Alpha List.”
© 2024 Tradewins Publishing. All rights reserved. | Privacy Policy | Terms and Conditions | Contact Us
Auto-trading, or any broker or advisor-directed type of trading, is not supported or endorsed by TradeWins. For additional information on auto-trading, you may visit the SEC’s website: All About Auto-Trading, https://www.sec.gov/reportspubs/investor-publications/investorpubsautotradinghtm.html
TradeWins does not recommend or refer subscribers to broker-dealers. You should perform your own due diligence with respect to satisfactory broker-dealers and whether to open a brokerage account. You should always consult with your own professional advisers regarding equities and options on equities trading.
1. The information provided by the newsletters, trading, training and educational products related to various markets (collectively referred to as the “Services”) is not customized or personalized to any particular risk profile or tolerance. Nor is the information published by TradeWins Publishing (“TradeWins”) a customized or personalized recommendation to buy, sell, hold, or invest in particular financial products. The Services are intended to supplement your own research and analysis.
2. TradeWins’ Services are not a solicitation or offer to buy or sell any financial products, and the Services are not intended to provide money management advice or services.
3. Past performance is not necessarily indicative of future results. Trading and investing involve substantial risk. Trading on margin carries a high level of risk, and may not be suitable for all investors. Other than the refund policy detailed elsewhere, TradeWins does not make any guarantee or other promise as to any results that may be obtained from using the Services. No person subscribing for the Services (“Subscriber”) should make any investment decision without first consulting his or her own personal financial adviser, broker or consultant. TradeWins disclaims any and all liability in the event anything contained in the Services proves to be inaccurate, incomplete or unreliable, or results in any investment or other loss by a Subscriber.
4. You should trade or invest only “risk capital” money you can afford to lose. Trading stocks and stock options involves high risk and you can lose the entire principal amount invested or more.
5. All investments carry risk and all trading decisions made by a person remain the responsibility of that person. There is no guarantee that systems, indicators, or trading signals will result in profits or that they will not produce losses. Subscribers should fully understand all risks associated with any kind of trading or investing before engaging in such activities.
6. Some profit examples are based on hypothetical or simulated trading. This means the trades are not actual trades and instead are hypothetical trades based on real market prices at the time the recommendation is disseminated. No actual money is invested, nor are any trades executed. Hypothetical or simulated performance is not necessarily indicative of future results. Hypothetical performance results have many inherent limitations, some of which are described below. Also, the hypothetical results do not include the costs of subscriptions, commissions, or other fees. Because the trades underlying these examples have not actually been executed, the results may understate or overstate the impact of certain market factors, such as lack of liquidity. Simulated trading services in general are also designed with the benefit of hindsight, which may not be relevant to actual trading. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. TradeWins makes no representations or warranties that any account will or is likely to achieve profits similar to those shown.
7. No representation is being made that you will achieve profits or the same results as any person providing testimonial. No representation is being made that any person providing a testimonial is likely to continue to experience profitable trading after the date on which the testimonial was provided, and in fact the person providing the testimonial may have experienced losses.
8. The author experiences are not typical. The author is an experienced investor and your results will vary depending on risk tolerance, amount of risk capital utilized, size of trading position and other factors. Certain Subscribers may modify the author methods, or modify or ignore the rules or risk parameters, and any such actions are taken entirely at the Subscriber’s own election and for the Subscriber’s own risk.
|