Facebook continues to trade as expected however, the decline might be halted at the 50% Fibonacci based on how the current structure is unfolding.
The time to buy was last November/December, today you should be moving stops higher and protecting gains!
My concerns of anything more than a pullback are subsiding, Chinese PMI is in expansion once more which is confirming that the majority of poor economic performance is likely finished. Over the next 6 months we expecting to see hard data underperform, compounded with a rising dollar it is a headwind for equities.
High Flying Momentum Stock Just Getting Started Today! $18 is the next target within a couple of days then $19.60 for a double top. Get more alerts at www.TheTechnicalTraders.com
Despite all the bad news, we are likely to see a bounce occur around these levels.
Chesapeake is likely to see some real buying into April if section 232 tariffs on Uranium are passed (high probability)
Over the past week, my tone has switched a little more bearish. I was advocating for a blow-off top in equities before this cycle ends, however, on a second look at the data the leading indicators are continuing to show weakness over the coming 6 months. Certain aspects of the economic data are positive however, which makes it difficult to be outright bearish or...
Hi all, TLT is continue to rise as expected from our update last week. Contrary to popular belief I do believe that $131 will be a meaningful top.
VIDEO analysis on small-cap stocks, bearish but at fib support for a bounce as of today
VIX and the Financial Conditions Index are the same charts. Rising volatility correlates with falling stock prices because of a tighter liquidity environment. Expect more downside.
Attached below is an update discussing the economic indicators that are weakening. Copper is confirming that this might feed on itself.
From a macro top-down framework, the current environment heavily favors the bears. The leading data continues to show expected weakness in the economy over the coming 3-6 months. I would love to hear your feedback, have a wonderful day!
The Russell 2000 ETF continues to deliver critical technical and longer-term price patterns for skilled technicians. Combining the IWM chart with the Transportation Index, Oil, Gold, and others provide a very clear picture of what to expect in the immediate future. Recently, we posted a research article about the Head-n-Shoulders pattern setting up in the $INDU....
VIDEO Showing where the markets should move next - DOWN
Woould love to hear your perspective in the comments section below!
This is a company that showed up on our radar last December, its performed fantastically since! Near term risks are present so do yield caution.
*Correction: Cuomo is the Governor.
Solar is not baseload energy, however, it is now the cheapest form of electricity.