Chart of the day: GoPro

Today's stock chart of the day GoPro. GPRO is a recent IPO that is riding an earnings catalyst after bottoming out in early March. It is now breaking out and stalling at the newly formed 200 day moving average resistance level. A break of this level could set the stock up for a run to... Continue Reading →

Chart of the day: ULTA and the post breakout trading range

One of my favorite trades is playing the post earnings breakout range that develops within stocks that have had a strong earnings catalyst the previous two weeks to 2 months.Subscribe to The Market Speculator by EmailUlta is a good example and has formed a $148 to $155 range. Buy the bottom, sell the top. It doesn't get... Continue Reading →

The Next Explosive Bottoming Formation: Steel

Back in December we successfully identified and swing traded the bottoming formation in gold miners, followed by energy/oil/gas in early January.  Often when one or two sectors show this formation, other related sectors will follow.Steel is showing signs that it is the next bottoming formation candidate.  This sector does not have an ETF to trade, so... Continue Reading →

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