Ed Ponsi is the managing director of Barchetta Capital Management, an NFA-registered commodity trading advisory, and is also the president of FXEducator. An experienced professional trader, Ponsi has advised a variety of hedge funds and institutional traders. Ponsi has appeared on CNBC more than 50 times and has been profiled in magazines such as "Technical Analysis of Stocks and Commodities" and "The Traders Journal." He is the author of Selling America Short: The New World Order vs. the American Middle Class, released in Novermber 2011; Forex Patterns and Probabilities, a top-selling book on currency trading that has been translated for release in China; and The Ed Ponsi Forex Playbook, which was endorsed by Steve Hanke, professor of applied economics at The Johns Hopkins University.
Changing a plan to reduce or eliminate risk is acceptable.
FIVE has not finished its rally, but caution is warranted -- set sell stops at its year-to-date low.
The long, strong run in the shares of the athletic apparel retailer does not appear to be over.
Though the pizza giant's stock already has risen as the company puts its troubles behind it, a key chart indicates it could rally even more.
While consumers may be fickle when it comes to gadgetry, they change credit cards and banks infrequently.
Wednesday was the first day that Netflix traded on above-average volume since Jan. 24.
Like the S&P 500, Dell has also smashed through a significant resistance level.
A low-risk strategy would be to buy Boeing here with the understanding that the trade will be closed if the stock breaks below the 200-day moving average.
The recent selloff in transport stocks following an impressive two-month rally could create some buying opportunities.
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