Today, the market opened up pretty weak ahead of this week’s FOMC meeting. This weakness should validate the trade we have set for today with Lam Research (LRCX). For this trade, we are looking at a particular zone, instead of a level, between 640-650. This zone has acted as both resistance and support in the...Read More

Last week, we highlighted Netflix (NFLX) as a potential short play, and sure enough, the downside played out just as we pointed out in this trade breakdown. After the key support level we were watching right around 397 broke down, we expect there to be a bit more downside should the overall market continue to...Read More

To end the week, we are looking at a stock that has been weak the past three days. Obviously this sets up a short opportunity on Netflix (NFLX) after a slide that has brought us down to a key support level of right around 397. The clear and obvious trade here would be if the...Read More

General Electric (GE) is not a stock we often look at, but due to the setup it’s presenting us, it could be a trade worth watching as we draw near to the end of this week’s trading session. On this trade, like many of the trade setups we look at, there are two key levels...Read More

Very often stocks we have looked at in the past make their way back on to our radars several days or weeks later due to the levels we keyed in on coming back into play. Today, we have a similar situation with United Parcel Service (UPS). Rewinding it back a couple weeks when we first looked...Read More

Like all our favorite trades that come with a straight forward setup, the chart for Procter & Gamble (PG), is setting up in a way that aligns with our trading style. That means, nothing fancy and nothing ambiguous, just an old fashioned test of resistance. This resistance level comes at around 155, where price is...Read More

Block (SQ), formerly known as Square, has had quite a lackluster year with largely sideways trading or continued declines. Most recently, we have seen more declines, falling all the way down to a support level of around 55. On Friday, price finally broke that support level, giving traders signs of a move lower to what...Read More

When it comes to a stock like Coinbase (COIN), you’re going to want to keep an eye on what the overall crypto market is doing in conjunction with the COIN stock price. As Bitcoin’s price seems to be stabilizing after a drop on the news SpaceX sold its crypto/Bitcoin holdings, we got a pop on...Read More

Normally, when we look for trades, we look for set-ups on a higher timeframe because those are a bit more trustworthy as the rest of the market can see them more clearly. However, for our trade today we have zoomed in a bit on the 5 minute chart for Tesla (TSLA) to highlight the pattern we...Read More

We don’t often talk about trades of REITs, but if there is a trade to be had, we won’t ignore the set-up, as long as it’s a good one. For our REIT in focus today, we are looking at the American Tower REIT (AMT), which had offered us one of our clear-cut set-ups we like...Read More