CPA JOSS

Today's chart of the day is Facebook, which despite a tepid earnings reaction this quarter is showing strong relative strength versus the market and looks to make a run to $100. Keep an eye on this $100 level, which also is near the all-time high breakout level. Entry can be made on breakout or early in anticipation of the breakout. Subscribe to The Market Speculator by Email and never

Today's chart of the day is a recent IPO that almost all of us use for online purchases, Paypal. PYPL has formed a few key levels that we can now trade off. First are the IPO lows and highs, which form an 8 point range between $34 and $42. Watch for either a pullback to the low or breakout of the highs for a good, low risk entry. The other two key levels are the gap fill and pivot areas

Amazon is setting up as a new high breakout entry. The stock is currently above it's earnings breakout level, which sets it up in a "new box" above the $415-445 range. A close here could set it up for a run to $500. Please retweet if you liked this article! Tweet Subscribe to The Market Speculator by Email and never miss a post!  If you would like to learn more about how I trade, receive my