Stepping in and adding shares to Banner Bank (BANR) on this .74% pullback at 22.00. It delivered a strong quarter in July citing strong revenue generation and improved credit quality. If you are from the southwest, you have probably never heard of Banner. But to residents in the northeastern corner of the U.S., this bank…

We are adding more shares to TECL (technolgy 3X ETF) and FWLT (Foster Wheeler Ag- that’s one of their steam boilers on the left) after we send out this alert. Fwlt is one of our favorite oversold stocks in the power generation industry. Looking to sell put options on SSO (S&P 500 X2 ETF) into…

Stocks are up today along with other major market indexes. We switched out of VMW for an 8% gain into TECL (Technology ETF X3). This triple leveraged tech ETF has a better setup and more short-term upside than VMW. In the meantime, the dollar setup in (UUP) is breaking down, and, as we know, the stock market moves inversely to the dollar…

Probably the worst time to start a financial website is in May considering the old adage “sell in May, go away”. The summers would be so violent that people would be scarred through winter and miss out on the so-called “bull market” that was taking place. Well, the excuse again this summer was that Europe would…

Markets are down over 1% with the Dow down 150 points. We got the pullback that we were waiting for down to the 100 day moving average (purple line) but, we pierced that as well and are now holding on to the 150 day (blue line) just underneath the 100. Apparently the market did not…

We are not taking any action today. Since the market is basically flat again today awaiting direction from the Fed, we are going to focus on one of our core holdings- Schlumberger (SLB). First of all, it is showing a nice setup. (Look at the chart below). But what are the reasons behind its recent rally despite…

Here’s a roundup of important data for you to digest from the last two weeks: China growth is slowing but still robust at 7.5%. U.S. grew at expected 1.5% this quarter (not bad considering our terrible unemployment). Housing numbers up for 4 straight months, and consumer confidence increased this July after 4 consecutive disappointing numbers….

The Dow is flat today- a good sign after 400 consecutive up points last week. JP Morgan continues to work higher as well. Folks, we made it out of the trading range last Friday! So stage two confirmation is now awaiting. We are looking for a pullback to the previous breakout, or 100 day line (purple…