CISCO can it breakout above 50wma?

Last Friday, Cisco stock was assigned to me as part of an expiring Put Options contract.  For now, I plan to hold the position as a short term trade. The drop in Cisco started last quarter when management lowered guidance based on expectations of a global slowdown.  However, if Cisco is so concerned about aContinue reading “CISCO can it breakout above 50wma?”

MARKET makes big bounce: bought IYT, XLE & XSD

The market bounced over 2% today in above average volume.  That’s a very good sign, especially since the past two trading sessions have been depressed by an onslaught of oppressive government policy uncertainty- Mexican tariffs & Big Tech anti-trust, to name a few. But the short sellers got caught by upbeat headlines- Mexico vows toContinue reading “MARKET makes big bounce: bought IYT, XLE & XSD”