In this week's Weekly Markets Analysis I cover $SPY, $QQQ and $IWM. The last two shows strength over the $SPY, what does it mean? Who is giving us a hint regarding the markets direction? Is it the $SPY weakness or the $QQQ and $IWM strength? Check out this week's newsletter to view these analyses and more: marketzone.tumblr.com Subscribe to the...
December 17-18 gap is closed, and like I thought it bounced right back. The heavy selling seemed to be sparked by macro sales, but not a lot else changed in this company since. Both accumulation and price have found support and seem to be reversing, but I would watch for a break below these levels just incase there's more to this picture than we've been hearing....
Positions yourself early for the next tech bubble. Smart money already accumulated in the green range which we are leaving rightnow. Best buying opportunity would be one more of these spikes to the channel bottom.
I believe, fundamentally, that blackberry is undervalued at its current share price and this is why. Initially that had a hard time keeping up with the competition, and lets face it the Z10 and the Playbook were both major flops. But a business can, and should use its failures to its advantage, and use it to tweak their business model which is what BB seems to be...
$GOOGL....Looks bearish as it has retraced much of its recent uptrend from 10/13'........that usually doesn't bode well for longs when a bullish uptrend is retraced quickly.....also it doesn't seem to have much bullish volume for a reversal to happen....if it breaks support around 525 then it could test the 501 level which is the .618% Fib from the uptrend.....if...
Seeing a reversal in trend? Notes on chart. - - - - - **I am not a professional trader, nor I do really know what I am doing in any situation. Please don't make any real trades based on anything I may post.**