It took only 3 months in 2015 May till Aug for the index to crash 45% from its peak but is more than 2 years now and we are blessed indeed to see it pulling back nearly 57% of its previous shiny days. That means it has nearly 15% more to catch up to its previous high. Notice the nice Cup formed, expecting a right handle to be formed soon (pull back). The fall...
By changing the chart patterns into lines and doing an overlay, one can see clearly the co-relation between oil price and XOM. Thus far, they are moving in tandem. Also, the monthly chart of USOIL is bullish with price action above 21EMA.
www.scmp.com Apparently, a lot more than what I thought! The news about Chinese families sending their children to study overseas is old news but to the point of driving the property prices in UK, Canada, Australia have both its proponents and opponents view. As parents, who would not want their children to receive better education and have exposure to a better...
Look at XLF and GS, don't you think that they mirror each other in its chart pattern? I have find using XLF a good barometer to buy or sell banking stocks like Citigroup, JPM and GS. Again, XLF has shown temporary weakness with price action closing below 21EMA and a gap between 25.51 and 25.61 awaiting to be filled. 25.51 is slightly above the 50% FIB level which...