After reporting better-than-expected earnings, Northrop Grumman (NOC) took a nasty spill. After falling toward support around 440 the stock started a bit of a bounce Thursday morning. This move could be a relief bounce or it could be a reversal higher as buyers set in. Seeing as how we are at a support level, we...Read More

Over the past month, our stock in focus today has risen and fallen, creating a well-defined channel with a floor and ceiling traders can use as a guardrail for the time being. Up 3% during the last 30 days, price has recently rejected of the top range of the channel, and if the sell off...Read More

Today’s trade setup has multiple layers to why it could be a great swing trade in the making. First, we have a major level to watch. This level has proved itself to be a meaningful one several times over the past few months. The level 300 has acted as resistance for the majority of those...Read More

Ever since the meltdown of Silicon Valley Bank, there’s been one sector that been on fire. Not exactly what you might expect with all the doom and gloom that followed that supposed crisis, however, financials have found real strength regardless of a financial meltdown or not. Our stock today is no different. Since early March,...Read More

The Artificial Intelligence industry has been on fire lately, but that momentum has slowed down a consider amount since ChatGPT really made headlines a few months back. However, there was one AI stock in particular that rode this wave quite nicely, only to eventually come crashing back down on the rocks. C3.ai (AI) is an...Read More

Oftentimes, traders are presented with two very real possibilities, up or down. However, one simple rule that has helped me build my system of trading has been, calls at support and puts at resistance. For our stock today, however, we can look for exceptions to that rule. Biontech (BNTX) has formed a very important support...Read More

Our stock on watch today is an old favorite of ours, which you’ve probably heard us alert on before. This time, we have a great trade setup for our strategy, a multi-day swing type trade. On top of that, we have a good nexus point where we could either go long or short depending on...Read More

After last week finished somewhat mixed, there was still an overall move higher. If the markets continue to chop, like they have much of this Monday, this would be a great reason to stay out away from trading anything right now. We are currently in an are, looking at SPY, where we could either get...Read More

While today’s potential trade my not have the option liquidity to make for a good trade, it still highlights a very important lesson for when looking for support and resistance levels. One very common scenario that takes place in trading is when a former level of support is broken and then acts as resistance. The...Read More

A break of a trendline doesn’t guarantee lower or higher prices, there are no guarantees in trading. However, they can give us a little forecast in what could come next. This is why we always preach patience in the market. Which brings us to our stock today… Apple (AAPL) is approaching a couple important levels...Read More