Ed Ponsi, author of Technical Analysis and Chart Interpretations, is the managing director of Barchetta Capital Management, an NFA-registered commodity trading advisory. In addition to managing client funds, Ponsi advises a variety of hedge funds and institutional traders. He also provides a variety of trading education services through edponsi.com.Expand

Ponsi has appeared on CNBC more than 100 times and has been profiled in magazines such as "Technical Analysis of Stocks and Commodities" and "The Traders Journal." He is the author of Forex Patterns and Probabilities. a top-selling book on currency trading that has been translated into five languages, and The Ed Ponsi Forex Playbook, which is endorsed by Steve Hanke, professor of applied economics at Johns Hopkins.Collapse

I'd take a half-bite if it falls by another 18% or so.

3 Retailers on the Rebound Real Money Pro($)

WMT, DLTR and FIVE all have bullish charts.

5 Predictions for 2016 Real Money Pro($)

Look for a series of intertwined events to unfold in the new year.
Analyst upgrades give apparel maker stability in Monday's maelstrom.
Analyst upgrades give apparel maker stability in Monday's maelstrom.
The latest Star Wars film is a smash hit, but Disney's chart isn't.
The latest Star Wars film is a smash hit, but Disney's chart isn't.

That Was the Week That Was Real Money Pro($)

Let's review.
A bullish -- yes, bullish -- factor is the large short position that has accumulated in the stock.
The stock's charts are showing bullish flags going into 2016.

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