Monday, September 30, 2019
Friday, September 27, 2019
Thursday, September 26, 2019
Wednesday, September 25, 2019
Tuesday, September 24, 2019
Is The Technology Sector about to break lower?
We believe the current capital shift in the
US stock market may be settling into the Technology sector as investors move
away from growth and into value.
Technology has recently recovered very nicely from the late December
2018 lows and is currently setting up a very eerily similar pattern across
multiple charts.
If our analysis is correct, we believe the Technology sector may be setting up for a downside price breakdown near the APEX of these Pennant/Flag formations that appear in our charts. Near recent, all-time highs, this downside breakdown could be rather large in size, possibly as much as -20% to -35% or more, and could result in a global stock market decline that could shock most investors/traders. (more)
If our analysis is correct, we believe the Technology sector may be setting up for a downside price breakdown near the APEX of these Pennant/Flag formations that appear in our charts. Near recent, all-time highs, this downside breakdown could be rather large in size, possibly as much as -20% to -35% or more, and could result in a global stock market decline that could shock most investors/traders. (more)
Monday, September 23, 2019
Friday, September 20, 2019
Precious Metals Setting Up Another Momentum Base/Bottom?
Just as we predicted, precious metals are setting up another extended momentum base/bottom that appears to be aligning with our prediction of an early October 2019 new upside price leg.
Recent news of the US Fed decreasing the Fed Funds Rate by 25bp as well as strength in the US stock market and US Dollar as eased fears and concerns across the global markets. These concerns and fears are still very real as the overnight credit market has continue to illustrate. Yet, the precious metals have retraced from recent highs and begun to form a momentum base which will likely become the floor for the next move higher. (more)
Thursday, September 19, 2019
Wednesday, September 18, 2019
Tuesday, September 17, 2019
Monday, September 16, 2019
Sunday, September 15, 2019
US Indexes Continue to Rally Within A Defined Range
This week ended with the S&P, Dow Industrials and Nasdaq stalling near recent highs. From a technical perspective, both Thursday and Friday setup small range price bars (Doji candles or small Spinning Top type bars) after the upside price move on Wednesday. These are indicative of price consolidation and indecision. (more)
Friday, September 13, 2019
Thursday, September 12, 2019
Wednesday, September 11, 2019
Tuesday, September 10, 2019
Monday, September 9, 2019
Saturday, September 7, 2019
Friday, September 6, 2019
Thursday, September 5, 2019
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