peterjames_6

peterjames_6

With a tentative agreement to raise the debt ceiling reached over the weekend, we now look to see how the markets react when it is voted on later this week. Technical Analysis: The megaphone pattern we’ve been watching all month is still in play. We also have the macro uptrend line that we have not tested since March. My general lean for this week is bullish....

peterjames_6

AMEX:SPY had a balanced week, closing down -0.06% at 412.20 after a hot start making highs on Tuesday. Since AMEX:SPY essentially didn’t move this week, most of our price targets are going to be the same as last week in anticipation of a huge earnings and data week. Technical Analysis: AMEX:SPY saw price finally break above the larger triangle (pink line),...

peterjames_6

NASDAQ:MSFT had a balanced week in anticipation of earnings. The software giant has been consolidating in a range between the monthly 281.92 level and the weekly 292.35 level. We can essentially play this range until it breaks in either direction. NASDAQ:MSFT is set to report earnings after market closes on tuesday. Technical Analysis: NASDAQ:MSFT is...

peterjames_6

Lithium stocks, including NYSE:ALB , NYSE:SQM , an NYSE:LTHM all had a major pullback Friday after Chilean President Gabriel Boric shared plans to nationalize the country's lithium industry and create a separate state-owned company to produce the metal used to make electric vehicle batteries. NYSE:LTHM got crushed last week closing down -5.01% at 20.66. ...

peterjames_6

As Crude Oil continues to run, we could see NYSE:XOM test all time highs again. NYSE:XOM has continued to consolidate above the gap in the bull flag shown from last week. $CL_F is setting up for a balanced week, and may fill a gap to the downside. We can look to play NYSE:XOM for options plays. As NYSE:XOM had yet another balanced week, our price targets...