Tuesday, May 31, 2016

IT.TO Intertain Group, Still In An Uptrend For Now But Volume Is Falling


PENN Penn National Gaming, Fibonacci Retracement Over?


TWTR Twitter, Double Bottom?


LPTH LightPath Technologies, Forming a Bottom?


US Weekly Economic Calendar

time (et) report period ACTUAL forecast previous
MONDAY, MAY 30
  None scheduled
Memorial Day
       
TUESDAY,  MAY 31
8:30 am Personal income April   0.4% 0.4%
8:30 am Consumer spending April   0.7% 0.1%
8:30 am Core inflation April   0.2% 0.1%
9 am Case-Shiller home prices March   -- 0.7%
10 am Consumer confidence May   96.7 94.2
WEDNESDAY, JUNE 1
9:45 am Markit PMI May   -- 50.5
10 am ISM manufacturing May   50.3% 50.8%
10 am Construction spending April   0.6% 0.3%
TBA Motor vehicle sales May   17.4 mln 17.3 mln
THURSDAY, JUNE 2
8:15 am ADP employment May   153,000 156,000
8:30 am Weekly jobless claims May 28
270,000 268,000
FRIDAY, JUNE 3
8:30 am Nonfarm payrolls May   155,000 160,000
8:30 am Unemployment rate May   5.0% 5.0%
8:30 am Average hourly earnings May   0.2% 0.3%
8:30 am Trade deficit April   -$41.0 bln -$40.4 bln
10 am ISM nonmanufacturing May   55.5% 55.7%
10 am Factory orders April   1.9% 1.5%

Wednesday, May 25, 2016

Wednesday, May 18, 2016

MGT Capital Investments, Mediocre Close - Gaps - Blowoff Volume Indicating Short Term Top?


DDD 3D Systems, Reached Maximum Fibonacci Pullback, Indicators Showing Bottom


VRX Valeant Pharma, Double Bottom, Now Needs to Break Downtrend Line


STX Seagate Technology, Ready To Bounce Off the Bottom?


VXX SP500 VIX , Bullish Divergence Indicating Possible Bottom


Time to Get Bearish on Stocks?

Currently, a ‘sharp fall’ is now anticipated within the equity markets! This decline will be accompanied with ‘new volatility’.  There is a great deal of ‘uncertainty ‘within the U.S. markets.

Currently, we are viewing a ‘textbook’ ‘head and shoulders pattern’ in the SPX and is going to be a big inflection point we look back on months from now.

There are less and less stocks that are participating in the recent move upwards which suggest a technical breakdown is likely to happen.
tide3
The ‘cycles’ of the SPX have recently confirmed that we have now witnessed the ‘highs’. The ‘top’ is currently in place and I expect that the ‘negative trend’ will continue to persist.

The ‘smart money’ has been exiting the equity markets during the last few weeks with strong waves of selling volume taking place on a consistent basis.

Yesterday morning, Monday, May 16th, 2016, I alerted my subscribers to two new positions to enter into so as to take advantage of during this next significant market move and change in volatility.

Consequently, consumers have already started to slow down in their spending.  They will change their past behavior, and, as a result, will begin to save (whatever funds that they may still have) as stocks start to fall in value along with the average investors retirement accounts. The present day spending behavior will come to a grinding halt in due time!

Before “The Great Credit Crisis of 2007 -2008”, the ‘smart money’ exited the equity markets in November of 2006. And it appears that the NDX-100 and the Russel 2000 are leading the ‘charge’ downward once again for the pending market correction.

We are, once again, repeating this same technical pattern, now!
tide2
Concluding Thoughts:
In short, the first chart I showed in this article paints a very clear picture of where stock prices are headed – Lower.

Large cap stocks over the past year have been making lower lows and lower highs. The most novice of traders knows what that means… It means, we are in a down trend.

There are many ways to take advantage of what is about to unfold next and subscribes and I are already in position for the first big and quick trade, but there are many more just around the corner!