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Rally started...
Katie Stockton appears to be wrong.
I don’t fault ppl doing technical analysis but investors are looking at this as some sort of voodoo that is accurate with a higher than “just lucky” sort of answer. Here’s the problem - Nearly ALL backwards looking analysis will cause you to miss a significant move up. reality
Is this a joke? Would you have this dummy on if the market was up 20% to recommend selling? Lots more downside ahead.
LOL
Alternative headline: you can sell at a lower price Friday.
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A Bank of America currency chart shows how the stock market rally still has legsBank of America-Merrill Lynch's Paul Ciana uses a currency chart to show the broad market's 'risk on' rally has legs.
Source: CNBC - 🏆 12. / 72 Read more »
Deepening stock selloff still hasn’t seen ‘panic’ associated with market bottoms: chart watcherStocks put in an ugly close Friday, with the Dow Jones Industrial Average joining the S&P 500 and Nasdaq Composite in correction territory. But contrarians looking for signs of panic were left disappointed, says one prominent chart watcher. Wait till it dips under 23.5k Good corrections when Apple being thrown away at $165 share....$775B cap w $225B cash on hand....that's a panic!
Source: MarketWatch - 🏆 3. / 97 Read more »
All the biggest stocks that are now in a bear market, in one chartThere are some BIG names in bear territory right now. Thanks for the neatly presented shopping list. This pullback is a long term investor’s dream. And just a week from Christmas! Long $AAPL For young folks this is awesome. Sorry geezers but I'm pumped! MKTWGraphics This graph using max to least set up to show the differences. However there is to much going on on the graph. InfoVizCritique CS4980
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How the stock market’s 2018 performance ‘rhymes’ with 1994, in one chartThere are enough similarities between 1994 and 2018 to give investors some insights into how markets might behave in 2019, says Canaccord Genuity’s Tony Dwyer. I would not place much weight on this week's action. Volume are low, the big institutions have pretty much through trading for the year. Expect the market to move downward and even perhaps get oversold short term. Next year fundamentals do not look very good at all. Harvest time for investors
Source: MarketWatch - 🏆 3. / 97 Read more »
One chart shows just how badly US companies are getting whacked by Trump's trade warTariff costs in comparison to the total US economy is still small, but rapidly growing, and President Donald Trump's trade war is to blame.
Source: BusinessInsider - 🏆 729. / 51 Read more »
The ‘average stock’ signals a market teetering on the edge of another crashThe last time the Value Line Geometric Index met resistance at this level was in 2015. Before that it was 2007. And before that, 1998. Let’s just say bad things, for bulls anyway, happened each time.
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