Wall Street Traders Report June 17th

Bank America Corp (BAC) : bullish breakout from the FLAG pattern.

Bank America Corp  (BAC)
Bank America Corp (BAC)

 

 

OvaScience (OVAS) : I posted the cup and handle breakout a few weeks ago . This shows ongoing promise with a short term resistance breakout.

OVASCIENCE  (OVAS) 17.6
OVASCIENCE (OVAS) 17.6

 

Happy Trading

Flavio

 

Wall Street Traders Report June 2nd

Coca Cola Bottlers (COKE) : long position setup. congestion breakout. I will wait for pullback to the resistance /support level $117.00 for a possible entry point.

Coca Cola Bottling (COKE)
Coca Cola Bottling (COKE)

 

OvaScience (OVAS) : Long position setup. Cup and Handle bullish breakout above $34.00.

OVASCIENCE (OVAS)
OVASCIENCE (OVAS)

 

OPKO Health (OPK) : Long position setup. Bulish breakout from the Pennant pattern.

OPKO Health (OPK)
OPKO Health (OPK)

 

Happy Trading

Flavio

 

Wall Street Traders Report June 1st

Carter Inc (CRI) : Breakout from resistance and ascending triangle has held above this level and should be supported at prices level $101.75.

Carter Inc (CRI)
Carter Inc (CRI)

 

NiSource (NI) : Has formed a Bullish Flag but was unable to close above the upper trendline on Friday to signal the long trade. I will continue to monitor this on my watch list for a bullish close above this price level.

NISOURCE (NI)
NISOURCE (NI)

 

Mondelez (MDLZ) : Bullsih breakout on Friday from the Flag pattern on strong volume. Price should continue to move up-wards from here if the signal is to prove valid.

Mondelez (MDLZ)
Mondelez (MDLZ)

 

Happy Trading

Flavio

 

 

Wall Street Traders Report April 21st

Walt Disney Company (DIS) : Trading in a strong up-trend. Has formed an ascending triangle with horizontal resistance at $109.00. Wait for a breakout close above this level to trigger a long signal.

Walt Disney Company (DIS)
Walt Disney Company (DIS)

 

 

Pfizer (PFE) : Trading in a strong up-trend with a horizontal resistance level of $35.50. Wait for a breakout close above this level to trigger a buy signal.

Pfizer (PFE)
Pfizer (PFE)

 

 

Apple (AAPL) : Price currently supported by 50 day ema. Short term resistance at $130 which price needs to clear for long position trigger signal. A positive earnings announcement on April 27th may be the trigger for such a move.

Apple (AAPL)
Apple (AAPL)

 

 

Happy Trading

Flavio

Wall Street Traders Report April 8th

S&P500 Index: The index tracking the major US listed stocks is currently trading in a range bound by resistance of 2,120 and support at 2,040. Over the past few weeks the index is converging and forming a triangle. Reporting season is likely to provide future direction with better than expected results likely to push the index higher but disappointing results could see the index break lower below the support level.

S&P500 Index
S&P500 Index

 

 

RPC Inc (QEP) : the share price has formed a bottom reversal inverse head and shoulders with a confirmation of the pattern yesterday with a breakout out above the neckline.

RPC Inc  (RES)
RPC Inc (RES)

 

Happy Trading

Flavio

Wall Street Traders Report January 7th

The US market has retraced over the past few weeks after reaching all time highs at the end of last year. The S&P500 index below shows this retracement with the price just holding above 2000 points. Further decreases lower are possible with the support level of 1972 in close vicinity which may hold further declines.

S&P500 Index
S&P500 Index

 

Newmont Mining (NEW)

Bottom consolidation with a possible double bottom formation. I’m waiting for a breakout above the resistance of $20.50.

Newmont Mining (NEW)
Newmont Mining (NEW)

 

Monster Beverage Corp (MNST)

Ascending triangle and it’s trying to breakout above resistance. This will be my long trigger signal.

Monster Beverage Group (MNST)
Monster Beverage Group (MNST)

 

Home Properties (HME)

Long setup with a resistance breakout on good volume. Stops can be placed under the recent support of $65.50.

Home Properties (HME)
Home Properties (HME)

 

Extra Space Storage (EXR)

Long setup with a resistance breakout on good volume. Stops could be placed under the most recent pivot low of $58.50.

Extra Space Storage (EXR)
Extra Space Storage (EXR)

Wall Street Traders Report July 31st

Wall Street Traders Report July 31st

Sirius XM Radio (SIRI)

Sirius has moved into an early up-trend and has paused at $3.50 which is acting as resistance. Positive earnings reported on Tuesday could look at pushing the share price through this resistance to continue the up-trend.

Chart 1. Sirius (SIRI)
Chart 1. Sirius (SIRI)