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With a new month gives us new monthly charts for trading. Everything the market does is an opportunity to observe. Whether that’s a weekly chart, monthly chart or another timeframe.  I love when the calendar flips to a new month. Getting a look at the fresh closed monthly candlesticks is a fun task for me. Bonus points if the monthly close comes during the weekend, allowing some extra time to dig through the charts.  Let’s not waste any time and get a look at these charts. Below are three monthly charts. However, The Good, The Bad and the Ugly may not be 100% accurate. In the world of W...

If there’s ever a time that Apple stock deserves to hit new all-time highs, it’s now.  In January, the company reported a robust earnings report, beating earnings and revenue. Sales of $111.4 billion beat expectations by $8 billion. Despite the record report, Apple stock slumped on the results, ultimately giving up its recent breakout over $138.  Fast forward three months and we have an even more impressive result.  Revenue of $89.6 billion beat analysts’ expectations by more than $12 billion. What!? Earnings of $1.40 per share came in more than 40% ahead of consensus estimates. Even...

GameStop stock is on the move in pre-market trading after the company raised more capital. Let's look at the charts for a potential rotation.

Nvidia stock is on the verge of breaking out to new highs. Bulls are looking to get back in control and turn NVDA into a trend stock.

Trading Ford Stock This play was textbook, either for a bounce off the 10-week moving average or a rotation trade. Above is a weekly chart of Ford stock.  It highlights the strong run we’ve seen from the start of the year before shares topped out at $13.62 on March 15. From there we had three down weeks and a tag of the 10-week moving average.  Following the bounce, we had an inside doji week, with last week’s trading range completely contained within the prior week’s trading range.  On Monday April 5, bulls saw Ford stock rotate over last week’s high — at $12.54 — and ignite h...