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.
The streaming video service provider has surrendered nearly 10% of its value this month.
It might not be a bad idea to move toward some conservative names such as PG, MDLZ and PEP.
Movement into defensive names should be considered a sign of caution.
Verizon and 3M had very different earnings results, but both stocks have reacted by pulling back to attractive levels.
This shares are testing support, and could move lower if that breaks.
As long as AAPL continues to reduce its share count, bulls and bears are battling on an uneven playing field.
The trio consists of a beverage giant, a restaurant chain and a money-center bank.
Should we buy Tesla because of the electric carmaker's unique potential or sell its shares due to its unique problems? Perhaps the chart can help clarify the situation.
Technical charts can provide insight into coming earnings reports, and the ascending chart for the fast-food giant is indicating it's about to produce a solid report.
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