Stocks

Bank Of America Spots An €800 Billion Cliff

by Options Sensei

Ever since the ECB commenced buying tens of billions of sovereign and corporate bonds, it is undeniable that Europe’s economic picture brightened substantially, eliminating occasional flash crises such as Greece and Italy which had a contagious...

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Options: Everything you need to know!

by Options Sensei

Today we provide you with an essential reading list about options trading. Learn about techniques, jargon, and much more through the books we highlight here. With July 4th just around the corner, summertime offers an opportunity to lather on the...

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ACAD descends

by Christian Tharp, CMT

ACAD has formed key support in the $15 (green) area over the past couple of months. The stock is also declining against a down trending resistance line (red). These two levels combined have ACAD stuck within a common chart pattern known as a...

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BRK/B breaks down

by Christian Tharp, CMT

BRK/B broke a key level of support at $190. A trader could enter a short position on any rallies up to or near $190 with a stop placed above the level. If the stock were to break back above the $190 level, a long position might be entered...

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OMF rallies back towards $35

by Christian Tharp, CMT

During the past six months, OMF has formed a level of resistance to watch at the $35 (red) mark. The stock has tested that mark multiple times since the beginning of January. A solid close above that $35 level would most likely lead to higher prices...

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JPM approaches key line at $105

by Christian Tharp, CMT

JPM has a key level of support at $105 (green).  The stock looks like it may be making its way back down to that level again, and traders should be able to expect some sort of a bounce from there, if it does. JPMorgan Chase & Co. operates as...

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Are the Markets in Recession Denial?

by Options Sensei

Today saw stocks open deep in the red, only to bounce back and close with back with just minor losses. “Buy the dip” still seems to be the mantra, and still seems to be working. But for how much longer? Today we look at a troubling recession...

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