Perhaps the strongest FANG stock in it's final bull market ascent, Netflix,NFLX, like other NDX technology stocks, has rolled over in a massive chart breakdown, that at first read of the chart suggests a colossal failure. When stocks give back nearly their entire breakout advance, it is suggesting that a' blow off parabolic "topping pattern is in place, the most...
I was looking at individual FANG stock charts this evening. surveying the carnage of the FANG Stock Bubble charts that have burst. One stood out like a sore thumb. I have never written about Facebook before but looking at the weekly chart, I felt almost obligated to do so. The massive rollover in FB stock chart from 215 this year down to the 130 price area...
Shake Out Low at 2627.00 ESZ S+P Futures Dec.18' Overnight Trading for 11/23/18, 4 Hour Chart .... Could Be Very Bullish. A Breakout Above 2672.00 in Dec.18' Futures ESZ, would Confirm a Short Term Bottom was in Place and would be a screaming BUY SIGNAL. Until then,..WAIT For CONFIRMATION, TREND IS BEARISH USING 2625.00 as a LONG STOP. ESZ 2643.50...
Bullish Patterns in a Bull Market, the most recent,an Inverted Head and Shoulders would have played out with a bullish resolution. However in a BEAR market, bullish patterns ultimately, are rejected and fold like domino's and price reverts to the previous downtrend, with the failure, only adding,.. to the downside momentum, and strengthening the BEARS hold on...
Crude Oil Prices have had one of THE MOST BEARISH Chart Rollover Breaks to the Downside that I have seen in my 40 years of observing stock and commodity markets worldwide. From a breakout above $75 a barrel earlier this fall price has dropped 33 %...to $50 a barrel, in an almost unbelievable price fall, catching the heavily LONG crude trade at first...
The stock market here in the United States, and across the globe has been hit with the perfect financial storm. Despite some vain attempts to keep it up, bullish patterns cropping up now and then, stock market momentum is decidedly forcing prices lower, as many sellers simply have chosen not to risk another day in the market. Conditions would seem to favor some...
Dow Jones Industrial Average Weekly Close 11/23/18 at 24285.95, was Very BEARISH, on the.. Weekly Close Chart I keep (5 Daily Closes Only on the Bar 4 Daily Closes This Week) Price Closed Below 2 IMPORTANT TREND LINE SUPPORT AREAS that it should have held price,the more recent one at 24370. By my reading, Dow has the potential to drop another 600 points, in...
I am going to ask any readers of this article on tradingview,com to offer their submission, between now and the end of the year, of the Stock/Etf/or Commodity that they think has the greatest profit potential, that is to make investors the wealthiest, on a Buy and Hold, Or Short and Hold.Strategy for 2019. I know that there are some very talented, savvy and...
On 11/20/18, Apple gave a Point and Figure Chart Sell Signal, on A "Descending Triple Bottom Breakdown" at a price of 186 ! Point and Figure Charting Methods REVEAL at what price big money has previously accumulated or purchased a stock, so a Violation of a Point and Figure Support Price Box in Apple's case at 186 ...is QUITE MEANINGFUL. NEW DISTRIBUTION or...
Extraordinary opportunities, rarely present themselves in the market. When they do, you must recognize them for what they are, and wait patiently for the chart story line to unfold. UGAZ Velocity Shares 3 X Bull Natural Gas ETN is the opportunity I am writing about here. Using historic low temperatures in the Northeast this Thanksgiving weekend, traders have...
Besides being a Contributing writer on tradingview.com, I am also a Trader for almost 40 years, so I have benefited from both time, and experience in the market. When I want to SHORT the S+P 500, I use Direxion's SPXS, 3 X SHORT S+P 500 ETF The ADVANTAGE here is LEVERAGE, 3 X the PROFIT POTENTIAL for simply knowing TREND, and taking ADVANTAGE of it every...
S+P 500 has support at a Double Bottom Closing Level at 2641 2641.89 on 11/20/18, along with the prior bottom at 2641.25 on 10/29/18 This is potentially short term bullish. Double Bottom formations in technical analysis are signs of a potential reversal of SHORT TERM TREND, and although respected, should be ONLY treated as SHORT TERM SIGNALS, against...
I have drawn a line across the15 minute Chart of the VIX, at the 20 Level of the CBOE Volatility Index, which measures "fear" premium in the pricing of Index Put/ Call Options traded on the Chicago Board Options Exchange. Elevated readings above 20, are usually associated with above average levels of "fear" priced into the premium of an option, a bet on the...
He actually said that. I mean he really did. One of the Nasdaq' big portfolio investor's on television this afternoon. The soothing advise he gave to the worldwide audience was simple... "We're long term investors, we don't worry about short term drops in the market'. " The commentator then asked him what areas he would "buy" to take advantage of the drop...
Apple today crossed into Bear Market Territory today 11/20/18 down over 20 % since its all time high, a seemingly unthinkable event for the crown jewel stock of this 9 year bull market. As perhaps many of you know, I have written extensively about Apple, and became BEARISH, on 11/1/18, when on their earnings release, AAPL decided to hide their I-Phone Sales...
S+P 500 Pattern is on auto-pilot right, falling thru one important support number after another. When the market is dropping like this, you need to get out of the way. Shorts are able to climb on board willingly, as prices keep falling, making the short trade, more profitable .. by the hour. They seem unconcerned about an upside reversal. It is impossible at...
If you are at all concerned about cyber security in the fast changing and some say extremely dangerous global communications world we are living in today, then why not invest now in the companies that are trying to fight off malicious acts of terrorism and safeguard our critical infrastructure and financially secure networks here in the United States, and...
Dow Jones Industrial Average Pattern suggests Considerable Downside Risk if there is a CLOSE below 25000 this week. DJI 25017 Cl on 11/19/18 Massive broadening TOP pattern is IN PLACE< On rare occasions in market history, ,the weight of the pattern in place,in this case the broadening top, causes the walls..to come tumbling down,.. on those, who have not...