MA cross gives the long signal. Plus Warren Buffett bought more so the crowd is jumping on board.
First time the cross is bearish since Jan 2016. Lets see if it can break through the 200 sma.
Been trending down let see if it falls below the purple line.
NOT LONG OR SHORT BUT THINGING WE BOUNCE DOWN IN THIS LONG CHANNEL
If I were in gold I would be long. Let’s see what happens.
Let us see what happens. Psychology of the market prevails before the fundamentals hence, “The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes
MA Cross to the down side has not happened yet. Bounced off the 200 sma in February
Bounced off of the 200 day SMA.
I do not know if this is a head and shoulders pattern, but 116 looks like clear support. Let’s see what happens if the fed keeps raising rates.
It’s been 508 days since we have been back to the 200 day sma. Let’s see what peoples algorithms and human psyche can conjure up in the next few trading days. I have been stopped out a few positions this week.
Yes I broke my rules. This SOB is down around 55% within a calendar year. I am holding my nose and jumping in for the long run. Note I have sold out of the money leap calls and purchased put verticals as insurance. Still willing to take more downside.
The last bearish crossover in Dec 2016 was meh, yeah the etf when down but not by much. But if this ends up like the July 2015 downside crossover I'll be saying, "Avi! Pull your socks up!" But I'll hold for the cross for earliest entry. www.youtube.com
Why? 34/125 sma cross to the downside, AND it couldn't say above the 125 sma. Not short personally, just giving my opinion.
I realize I could be jumping the gun before the cross over BUT! There is a ton of negativity for the company and its showing