Entered at $17.7 here, this will be a multi month holding position with little risk. Stop loss will not be exactly at 16.7, I will watch for other macros such as the upcoming FED rate hike on june 17 (yes again, and probably not raise it lol ) Weekly chart: Nasdaq 40 year perspective:
If it breaks above the blue and teal lines, it can go bullish for a while.
On the log scale, there's a clear trend channel. However, the action that occurs within each quarter varies predictably-- after about 40 days into the quarter, any trend that has formed gets broken. Green vertical lines are a day after quarterly reports, white lines are when the trend for that period gets broken. Arrows are overall market events, which cause...
The chart presented is a Comparison of the 30 Year Bond and the Dow Jones Industrial Average. Notice how the extreme Peaks in bond prices (hitting the upper trend line) starts a strong rally in Equities and also vise versa. Its a good time to buy stocks, and short bonds. With the Feb raising rate some time in the future, I expect bond price to fall and the the...
S&P500 have been building a market top since the start of October 2014 in a rising wedge fashion. Since last Thursday (4/6/2015), it looks like it is finally ready to roll off having closed below the support line for the first time. It made a new high at 2137 in a relatively low volume but failed to push past further. This time I simply do not expect it to...
JBLUE is holding this Trend-line support watch the levels 19.50-20 buy zones. The airlines are all hitting the buy levels. I cant stress enough, traders must learn to BUY the FEAR and SELL the GREED. Always have a plan and always have a stop. understand your parameters and you will do well. KEEP IT SIMPLE TRADE LEVELS
Broken ending diagonal wedge, and currently trading within the daily MA 50 & 200 range. 5000 is also a significant psychological numeric & 2000 technology bubble resistance. It seems that the market is currently stuck in a range until contagion tears this apart to the downside. (Grexit? China bubble? US macro weakness?) I'll be expecting 10~20% correction...
The last time a US index did such a thing was in 1954 when DJIA took 25 years to reach its previous all time high from 1929 prior to the great crash.