Looking for quick corrections and start building my positions
Volatility is here and its going to stay. Vaccine, Elections, Feds and actual economic productivity vs credit pump Its simple, more money generated out of nothing, higher the wealth transfer effect from middle class to rich and investors, and higher the stock markets Until the confidence game is over
Low trading volume is the concern Decent economic data and @BABA listing in Hongkong should promote more optimism for JD (Perhaps next in line for listing)
Company's health - ok Debt obligations - (Nothing out of the ordinary) Good social media following Lets hope Dan remains alive (boy party's hard) Not much to go with for technical analysis but this is will be my 6 month long trade buying zone
Key areas to focus for price rotation: Trade Talks with China Iranian Sanctions XLE - SPY correlation
Hard to make sense of the situation. In my opinion stocks should bolt higher before significant retracement
SPY reaching its peak. Mix economic news will likely cause downward pressure on stocks. this could be indicated by upward pressure on precious metals. Let wait and watch for the opportunities generated
Strong uptrend confirmed by linear regression Price may flirt mid 280s or break down to ~ $281
Next Resistance level - $4.81 Potential Retesting - $4.13 - Must watch WTI (partial sentiment), News on Alberta Supply production cuts