Added to the wife's IRA today
200 SMA is nice support, decent bullish volume coming in. $142 good support as well.
Just an interesting study using arcs and Fib retracements. Using BRK for an overall proxy for our markets to gain insights as to if we may be nearing a generational top. This chart suggests to me that we may be closer to some sort of top than we are to the beginning of a new secular bull market as some have suggested.
Berkshire Hathaway BRK.B has been lagging the Transports (IYT) lately and it looks poised to catch up or the Transports look ready to "catch down" to BRK.B The spread is roughly 20% in performance over the past 8 and 4 months and presents a low risk way to capture returns without market-specific risk. BRK.B 126.68 -0.50 = BUY IYT 146.78 -0.15 = Sell Short Risk...
Berkshire Hathaway Inc. $BRK.B, Warren Buffet's company has an ugly head and shoulder pattern forming on the daily chart. Considering this company owns a little of everything, it is a very ominous sign for the global economy. Head and shoulder patterns are bearish patterns, predicting steep drops. The key break down level on Berkshire Hathaway is $111.00. If it...
Accumulation up... check... MoMo up... check... major trend line test... check... For the past year every time it has hit this line it bounces... will we get confirmation today? If so I am adding to my position... Concerns around EMA lower than usual on tests... and Stoch looks negative...