Category: Market Traction Updates

  • Market Traction Update August 28th – Update 1

    Hello All! Quick updates. Once again, when the markets move we have a chance. To be clear, the markets are short-term overbought but some positive developments are occurring: AA went beyond our first resistance level: LITE is trying to power through R2 to reach our 3rd resistance/target level: DWDP is trying too: RDN and CMCSA…

  • Market Traction Update August 27th – Update 2

    Hello All! We don’t want to get ahead of ourselves with resistance lurking not too far above in the SPX, but: IBM made it to only 10c below our alert level set late last week.  There may be an inverted Head and Shoulders pattern in the IBM chart.  Above SMAs notwithstanding, IBM could work to close a gap from…

  • Market Traction Update August 27th – Update 1

    Hello All! Our positive lean in the markets is paying off a little this morning with seemingly good trade news vis a vis Mexico about to hit the news wires.  Trump tweets and the markets respond.  However, if you look closely, you can see that traders in the know, seemed to get a jump on…

  • Market Traction Update August 24th – Update 2

    Hello All! Powell is still selling gradual rate hikes and sees things as fine, just fine, at the moment.  A bottled up for most of the week market has decided to party a little early this weekend as a result and oh, by the way, made a new All-Time-High (SPX).  As we discussed in our…

  • Market Traction Update August 24th – Update 1

    Hello All! So far, this week has amounted to little.  Our last hope for movement comes in the form of FED chairman Powell’s speech at 10 AM, barring something unforeseen. We scanned, and re-scanned and analyzed to no avail.  With the SPX going virtually nowhere, our scans haven’t been able to locate much in the…

  • Market Traction Update August 23rd – Update 1

    Hello All! It’s unlikely that anyone was able to get in on bullish mention LITE but this update goes out in case anyone did. Just a friendly reminder that the stock has reached our first resistance level: As promised, we’re scanning the markets in search of more ideas and mentions. We will update when warranted.…

  • Newsletter Typo August 21st

    For the RDN idea: The strike price should be the $19 strike for $1.50.  The newsletter has $20 strike for $1.50 Thanks, Wayne

  • Market Traction Update August 17th – Update 1

    We had a strong market yesterday and a sell off this morning, but we have reversed to go positive. SBUX: above our trigger price and moving higher.  trigger was $52.59 and trading $53.34 may get some resistance at $53.60 area from Feb lows, but after that should continue to rally. CMCSA: above our trigger but…

  • Market Traction Webinar Replay August 15th

    Here is the link to the replay. Had some technical difficulties with this one, but here is a full version: Market Traction Webinar 8-15    

  • Market Traction Update August 16th – Update 1

    Hello All, There’s a significant pre-market rallying taking place this morning and it’s being aided by WMT.  It’s very rare that we tout a stock that’s due to release earnings but we made an exception for WMT because the chart had very compelling positive qualities and we know that many aren’t as earnings release averse…