Short squeeze candidate. Expecting shares to fill gap. Long position at 2.00.
Express, Inc. (EXPR) is a clothing retailer that targets men and women between the ages of 20 and 30. The stock has fallen significantly in the past year, and it appears to be a great value play. The stock's chart has a very significant gap that I am betting on being partially or completely filled. The following are some multiples on the stock that reflect its...
Needless to say, Europe finds itself in a weak economic environment and with elevated/unsustainable levels of sovereign debt. What solution is there to promote economic growth and diminish the debt burden?... Printing money. The ECB is likely to, at some point in the future, follow in the Fed's footsteps and inject liquidity into markets by increasing its balance...
Global risk assets have rallied over the past couple days off remarks by European Central Bank president Mario Draghi that the ECB is ready to enact any measures in order to preserve the euro. Investors have been speculating that the ECB will initiate a form of quantitative easing in Europe. The ECB would be buying European assets, such as Spanish/Italian...
SPY has decisively closed above the 200 DMA, rallying in the last 30 minutes on Friday. The market seems poised to return to the year's highs as it moves up a channel. However, expect a small pullback to the top of the triangle that has been formed in the last 4 months or to the 50 DMA.
GS is coming off of support at 88. Stochastic is giving a buy signal. Expect the share price to accelerate towards the 50 DMA. Price will probably break the 50 DMA and head towards 116, completing a W pattern.
BAS is breaking through a trendline resistance and appears ready to rally to the 200DMA. This has the potential to be a profitable short-term trade. For the long-term, it also looks like it could be forming a base/cup right now and be preparing to rally to the previous year's highs during the coming year.