Well today it finally happened . The Russell 2000 has had a second consecutive day of heaving selling, which has in turn has broke down the pattern causing new and significant technical damage. RUT is home of all those small stocks, 2000 in number , including penny stock where rife speculation has taken hold in the last 6 weeks and the index that has lead the...
The stock market is setting up for a very big move. The Fed announces their new interest rate decision tomorrow. Perhaps you've noticed The crowd is now to say the least, exceedingly bullish. And the market refuses to even sway in the breeze Every decline is a sure fire opportunity"to buy stock. Buy the paper. Convert cash to paper Every day, like a broken...
The breakaway gap in the Dow Industrials on Friday, to me has an high underlying risk associated with it Not only is it a rare pattern,coming at this stage of the advance it has the technical look of a climatic "final"burst' to the upside, Technically, a sharp reversal at this point, could amplify an extreme price reaction. I give the odds of that happening...
I bought a penny stock this past week. Vislink Technologies ViSL ,. and it shot to the moon. Company is involved in the"design,manufacture, and deployment of live video communication solutions, It serves the broadcast,sports,entertainment,law enforcement, and defense industry. In this dawning age of virtual broadcast transmission, Vislink Technologies is on...
The stock market made a major bottom back in late March, and it continues to propel itself back to toward the all time highs, based largely on pessimistic investors and traders, who continually have shorted the rally, giving the market the ammunition it needed in contrary opinion to defy the skeptics, and continue to advance, as retail traders were throwing in...
For those of you who might trade the Nasdaq 100 Futures Basis June 2020 ( NQM20), I am incredulously looking at a serious,and potentially significant KST Accumulation Divergence, As price in the contract has continued to rally and scale back towards all time Contract Highs of February it continues to weaken in "Accumulation Buying" as you can clearly see in...
The stock market has been on a tear, since it broke thru "Point and Figure" Daily Resistance yesterday at SPX 3060 It has immediately risen up, before you can blink an eyes to the next very important Point and Figure Daily Resistance at 3115 SPX 3115 Resistance is just as important... a Point and Figure resistance level as 3060 was. Big money is entering the...
S+P 500 Chart Interpretation, Both Daily and Weekly continues to show S+P 3060 now forms major price resistance, as well as a potential sharp breakout point to the upside. Attempts to breach S+P 3060 last week, and today were met by heavy big money" selling, with "Point and Figure Charts /Daily/Weekly Time Frames, showing Confirming Evidence of Important...
Nasdaq 100 (NDX) has traced out a Classic V Bottom Technical Formation, plunging at a 45 degree straight down angle to the March bottom @ 6837, and then, remarkably rallying straight back up the pattern closing today at 9598, within distance of the all time high @ 9736, achieved on Feb.19,2020. That defines the V Bottom Pattern. I have traded the Nasdaq 100,...
Perhaps you were aware of this. Perhaps you were not ut remarkably, and in an explicit warning, never heeded Microsoft founder Bill Gates eerily predicted on March 15,2015 in a talk at TED Conference ( YouTube.com) "Virus's pose the greatest risk to the global health with catastrophic results, if nothing is done to prepare for it. Remember he said this in...
The Daily S+P 500 Chart Interpretation Idea ( Shown Here ) is the "Descending Wedge" Pattern with an' Upside Breakout" Resolution. However,this counter trend upside rally could eventually prove to be "false" Meaning that buyers have pushed price so far up into major "big money' resistance, so tight "stops on the books" if hit, could trigger a "domino" type...
S+P 500 Futures having rallied back substantially since the March bottom nd today are rising right back up to very Important Weekly Resistance at the July 22,2019 Price High of 3030.50 This will be a hugely important test, for the market to overcome. Referencing the chart included here you can clearly se the April/ May 2020 rally as a potential "Right...
The market continues to hold up seemingly very well, in the face of growing depression like economic news. The market plunge that I had written about previously, seems to be delayed,..for now allowing more money and time to pass to coax believers into entering the market, at these price levels. Thus a bullish market rebound "perception" continues to...
Weekly Chart of the S+P 500 shows a very clear Terminal" Pattern now building, being supported only by " thin air " Descending Wedge" of sharply falling Pattern Momentum is the "setup". The endgame is near. It's crystal. Warning : The stock market will soon plunge, trapping all who are in it. THE_UNWIND 5/16/20 NEW YORK
The new world we are living in now is fast becoming the new "normal" We are not ever going back. Business in this country will ultimately will be brought to it's very knee, if they don't recognize this,...and lead, or get out of the way. I watch television commercial' after television commercial whose message is simply that while temporary "this too shall...
The market has "reconsidered" this week it's massive 6 week rally right above the .618 Retracement Level at S+P 2935 In doing so, it has sprung a difficult "Bull Trap" on the unsuspecting, many who had surely begun to believe that "the market" had turned the corner, discounting the depression economic numbers,believing it was wiser than all that. Come to find...
Some had predicted it, yet no one of right mind would have ever believed them Welcome to our earth. Year 2020 AD Like a nuclear bomb had gone off, and left the world suddenly in the ashes of death and despair. It is beyond surreal now to realize that we take our lives in our own hands, simply going outside into any public place on this earth The horror of it...
There he was , the Fed chairman in "virtual reality" this week, admitting for the first time in public, in no uncertain terms that the world health pandemic has indeed caused unimaginable and "real "long term damage to the economic health, and wealth of the United States, with no certainties when it all might all end. And this time,no one had to put a gun to his...