Overbought and Oversold Signals

There are several indicators that can be used to determine if stocks are overbought or oversold. The two I like to use are the Commodity Channel Index (CCI) and the Bollinger Bands (BB), both set to a 20 period. I also like to look at the stock being three standard deviations away on the BB

Continue Reading

Weekly Charts

I like to run weekly chart scans over the weekends and identify levels of support and resistance at which to sell premium. Here’s a few of the more interesting weekly charts that I found. No due diligence has been done to verify earnings dates, news, etc. but I like the chart patterns.

Continue Reading