Amazon Trying To Get Back Into Uptrend
Amazon needs to conclusively break above 1900 to cofirm its uptrend. Watch the trend line dating to 2018. It is currently finding support at 200 day moving average on daily chart. On a weekly chart, it is finding support at 50 week MA....
BIOTECH SECTOR BREAOUT: WATCH OUT IBB
BIOTECH SECTOR HAS SEEN STRONG INFLOWS THIS YEAR ALREADY. Chart of ETF: IBB shows the money flow in this sector. Please pay attention to the money flow. This ETF has broken above the trend line dating back to 2015. From 2010 to 2015, the ETF grew...
MARKET SELL OFF: INVERTED YIELD/ TRADE WAR: WHO TO BLAME?
Bond market is signalling 'Recession' as the yield curve has inverted. For the less informed, it means that the interest rate yield for 10 year (long term) bonds has fallen below interest rate on 2 year (short term) bonds. S & P 500 reached...
2019: Does The Sell-Off Still Continue?
WOW!!! Not too long ago, we mentioned in the article here. We did not expect it to happen so early. We mentioned earlier "it is not such a wild idea in the current environment that we will fall right to 200 weekly average...We also noted that we...
S&P 500: APPROACHING 200 WEEK AVERAGE
WOW!!! Not too long ago, we mentioned in the article here. We did not expect it to happen so early. We mentioned earlier "it is not such a wild idea in the current environment as we are only 12% from the 200 weekly average" We are so oversold now...
Why Did Amazon Fall?
Amazon.com and Netflix stock price have been spectacular in 2018 at least until October sell-off grounded the tech stocks. Amazon went north of 2000 not too long ago. Please note that this is over 25% higher than our 2018 price target. Please check...
MILLION DOLLAR QUESTION: IS S&P 500 HEADING TO 2330??
HOW LOW CAN WE GO? IS S&P 500 AT 2330 POSSIBLE?
We think S&P 500 is due for a major leg down right up to 2330 region and we are possibly going to test it before 2020 US Presidential elections. It's not such a wild idea in the current environment as we are only 12% from the 200 weekly...
MARKET SELL-OFF WORSENING
Source: Yahoo Finance Market sell-off has picked up momentum. Good news is that we have tested the October lows. Bad news is that there is no respite. We have not seen any pull back on high volume. High fliers such as FAANG stocks have lost almost...
MONEY FLOW- Why does it matter?
Momentum traders have been caught by surprise to see high fliers stocks such as AMAZON AND NETFLIX selling so heavily. Reason is not looking in the front but instead driving while looking at the rear view mirror. Majority of the investors have been...