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.
Although I have some misgivings about the current rally, there is a good short-term trading opportunity developing here.
The charts are flashing a warning, and even positive trade news may not help.
With this group in technical trouble, here are some tactics to short Charles Schwab and TD Ameritrade.
With years of growth ahead for the company, and with the stock trading well off of its highs, now might be the time to take a look at Five Below.
The charts of two global hotel chains indicate they're the best names to hold in the lodging business right now.
The weakness in Netflix and Alphabet may be foreshadowing less-than-stellar earnings reports.
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