Really the same story for all the US indices. Struggle at previously tested resistance. I'm not a bear, but I won't buy until we can see some significant moves above ranged resistance.
07's top had a 24% drop followed by a 19% dead cat bounce before plummeting 50% into recession. It's now 2019 and we just had a 24% drop followed by 19% bounce into resistance. Is this 2019's dead cat bounce before more bearish momentum? For me it's boom or bust at this level! If we break resistance I believe we will continue to new all time highs. If we reject...
We are at beginning of a global slowdown or meltdown (I call it a MAXED out on Debt). Italy is in rescission and probably most of EU will follow. You can push unlimited amount of debt on to Corporations, Governments and Ordinary Citizens but everyone has a limit how much they can handle. Let see if the FOMO crowd who bought back in September and January will be...
In my opinion we are in the middle of a necessary price correction.
-We should see a short term downside reversal put an end to the recent rally.
-We should see some highly volatile weeks with some sideways movement for the remainder of 2019.
-We should see the ABC correction come to an end with price catching support to ultimately form a new bullish channel
We had another good week and the S&P500 is now 10,7% up YTD. Regarding the week ahead, it does not have a bad outlook.
- In the worst scenario it will be a period of consolidation
- Trade talks between US & China and Brexit remain a concern for traders
Both have deadlines in March and outcomes are expected to be positive which will boost the equity markets
- 3...
Bitcoin's price distribution is still compressing. It will take roughly a week for bullish (or bearish ) moves to truly be supported by price mass on the shorter timeframes. This is actually the tightest we've seen the distribution all year on the four hour chart, once it starts expanding again we'll see a brief return of price volatility . Do note that the 50 MA...
Nasdaq Composite Index closed at new 2019 highs last Fri. That also coincided with the first close above the weekly clouds for the year. It remains to be our high conviction call that stocks will make new all time highs this year.
Judgement day should occur on or just before 28 March 2019 which will conclude if we are in a bull or bear market.
Why March 2019? What is so special about March 2019? Guess what happened, 19 years ago...
On 28 March 2000, the NASDAQ Composite index peaked and the great crash began, where the index lost about 31% in just 14 days. For some reason, the dot.com...
wider:
Y'all want, and hope IXIC can reach solid Blue along Corridor A ( so it can return to sustainable and recovery along Solid Blue.
B ( is not an option. ;-) avoid violet sickle.
See associated chart for detailed description. the 'Long flag' is a moral position. or maybe the diabolical tech giants should take a hair cut and maybe a guillotine ?
The...
This Jag is trading in an odd confluence of curves. IXIC has been riding Solid Blue convex Parabolic Horn; a narrow feature rooted in the market bottom 24 Dec '18,
A different but implicated horn precipitated between o4 and 11 Jan '19. displayed in thin violet.
The oddness comes from Solid red, a major parabola yet to play out completely, intersects the...
Nasdaq Testing a Key resistance that coincides with 200MA. Got rejected 3 other times. In my opinion, AMAZON is Leading NASDAQ. DJI got rejected from the same downtrend line(4 reactions). AMAZON earnings is Key (I say, we miss at the bottom line). Chances we go to all-time highs as of now??? Doubt it.....
Princess Gwen here. Not all frogs are Princes, so a Princess needs to have a backup plan for her finances.
If we continue to assume that this market behaves exactly like it did in 2008, and there hasn't been any reason yet to think it won't, then there should be a move down now which tests the previous support level. In 2008 it actually overshot the first...
The Nasdaq Composite Index is the market capitalization-weighted index of approximately 3,000 common equities listed on the Nasdaq stock exchange. The types of securities in the index include American depositary receipts, common stocks, real estate investment trusts (REITs) and tracking stocks, as well as limited partnership interests. The index includes all Nasdaq-listed stocks that are not derivatives, preferred shares, funds, exchange-traded funds (ETFs) or debenture securities.
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TVC:IXIC
