I am bullish on Eli Lilly (LLY), but I don’t own the stock yet. I would like to add the stock to my portfolio, but I don’t think now is the right time to buy it. The reason I don’t think now is the time to buy is because the stock is up near the […]
Category: Options
Three Technical Indicators Suggest Utilities Sector ETF Set for Move Lower
Since the market bottomed in March, the Utilities Select Sector SPDR (XLU) has rallied over 30%. Even after the rally the fund is down over 8% on a year to date basis, but that is much improved from the nearly 30% decline through the March 23 low. Even though the XLU has rallied nicely, there […]
Callaway Golf Swings Higher, Can it Follow Through?
Golf equipment manufacturer Callaway Golf (ELY) halted a short downward trend and has moved higher over the last few days. The bottom of that short-term trend came at the lower rail of a trend channel and now the stock looks like it is headed for an upward swing. Looking at the chart we see that […]
Analysis: Expect Oil Volatility to Continue. This Strategy Makes Money in Either Direction
Oil prices jumped recently and this led to a lot of analysts raising their forecasts for oil prices. I have seen a number of headlines in recent weeks with the most common prediction being $100 a barrel. At least that was the case until last week. Oil prices had really been climbing for the better […]