LNKD made a nice daily Bearisch inside bar pattern! Trade Entry : 159.00 To get more information join me ; www.inthemoneystocks.com
On this weekly chart we see a nice bearish pattern forming I will Pickup later this week a short on the QQQ. My stop loss will be any close above the $91.27. To get more information on this trade follow me : www.inthemoneystocks.com
Yesterday, Cisco (NASDAQ:CSCO) reported earnings. Cisco is one of those old tech stocks, like Yahoo (NASDAQ:YAHOO), Microsoft Corporation (NASDAQ:MSFT) and IBM (NYSE:IBM). One thing they all have in common is the possibility of going lower in the coming days. Also important to note is that the major indices, specifically the S&P500 (NYSEARCAPY), saw some selling...
On this chart I am pointing out my major support and resistance area's for the coming trading day.
With the stock market at recent highs, Las Vegas Sands Corp. (NYSE:LVS) is having trouble catching a bid higher. As technical traders, we seek to locate the best possible points to enter and exit a stock based on the charts and recognizing the best chart patterns. One of the best chart patterns, which is often interpreted or read incorrectly by most traders, is...