gnostication

gnostication Updated 

Significantly overbought. Has hit the top of the LuxAlgo Other indicators appear to be cresting, increasing the likelihood of a trend reversal Price targets $633, $592, and then maybe $565 Should begin to play out in the next week or two.

gnostication

Though I wish it weren't so, the chart makes me believe that BUD will have a reversal that begins within a week or two. Initial price level of $61.70 in mid-June, with $61.81 and $62.88 tests around late-June/early-July if $61.70 level is forcefully broken. The stock appears to have been oversold. Hitting the bottom of the LuxAlgo channel. Major...

gnostication

MACD and RSI crossover Above the 200 MA is still relatively bullish Bottomed out on the LuxAlgo oscillator, prime for a reversal Effectively a double-bottom was posted Gold just began trending down and there seems to be a negative correlation --- $105 is the first price target --- Up to $112 as the top price target

gnostication

Credit card defaults are at all-time-highs This pump is heading toward over-bought territory The trend is downward (below both 50 and 200 MAs on the weekly) This is a pretty obvious "head-and-shoulders" formation in the making Still have downward pressure possible with MACDs, LuxAlgo, RSI and other indicators I anticipate it tops out at around $110...

gnostication

Bouncing off the top of the LuxAlgo Retail is buying for fear of the current economic uncertainty, so it's a good time for whales to squeeze the longs (and create even more uncertainty/FUD, to be exploited later) JP Morgan has a huge short position Multiple indicators are all pointing to an oscillation reversal (e.g., MACD about to cross down, RSI about...

gnostication

Head-and-shoulders forming on the 5-day. Credit card defaults reaching all-time highs. Cash exodus (mostly to money markets, bonds, etc.) means the hurt on Western/U.S. banks is only just beginning. Trend is downward. Looking for a bounce around the bottom of the LuxAlgo indicator channel.