GPRE has a formed an important level of support at $10 (green). The stock looks like it may be making its way back down to there again, and traders might be able to expect some sort of a bounce, if it does. However, if the $10 support were to...
Read More
JD has hit the $32 mark as resistance several times over the past few months. The stock now sits just a couple ticks below it. A solid close above $32 should lead to another leg higher for JD. JD.com, Inc., through its subsidiaries, operates...
Read More
During the past 4 months, SQ had formed a very important level of support at $60 (red). Last week saw the stock break below that support. Not only does that imply lower prices overall for SQ, but the $60 level should now act as resistance on any...
Read More
We encourage readers to maintain clearly defined stop levels, sell near $290 for SPY, and buy near $278. The current SPY short-term support sits at $277-$282 and we see the potential for the market to overshoot 50-days MA for SPY at...
Read More
This was expected to be a crucial week for the markets as the highly anticipated Fed meeting was supposed to provide clarity on monetary policy. On Wednesday, Jerome Powell did give a 25 basis rate cut, the first over 10 years since the...
Read More
by Christian Tharp, CMT SJM has formed a down-channel over the past 2-3 months. A channel is simply formed through the combination of a trend line support that runs parallel to a trend line resistance. ABOUT THE J. M. SMUCKER...
Read More
TRADE UNCERTAINTY PUSH STOCKS LOWER Stocks are trending lower today behind underwhelming economic data and continued U.S.-China trade uncertainty. TRUMP’S COMMENTS ALARM INVESTORS Core CPI and inflation data returned mostly flat while...
Read More