FACEBOOK AT CRITICAL SUPPORT – NEEDS TO FIND FIRMER SUPPORT
FACEBOOK AT CRITICAL SUPPORT – NEEDS TO FIND FIRMER SUPPORT – TREND CHANNEL SUPPORT AT $104
December 2016
A Near Term Trading Opportunity in the World’s Most Crowded Trade?
A Near Term Trading Opportunity in the World’s Most Crowded Trade? The world’s largest, most active overweight crowded trade is in Amazon.com stock At 175x P/E what could go wrong? – An Overall Post TRUMP Rally / YB Consolidation / Correction?? Ending Diagonals Are usually dependable trading patterns. They aren’t unusual. What is unusual is one […]
USDJPY Technical Update
WEEKLY Taking a look at the long term weekly chart: potential channel can be seen to have formed from the last turn in the market. This gives us a potential lift back to the top of the channel. However there are few other technicals along the way that need to be moved through first- namely […]
Facebook Testing Lifetime Up Trendline
Facebook Testing Lifetime Up Trendline (linear scale)
OIL Technical Update
WEEKLY Potential ellipse pattern doesn’t hold and the market has continued to move sideways. AT this time the pattern appears to be a continuation with a likely break UP. The lift that can be seen from the very low to start of the current sideways consolidation (May?) could be repeated. IF this occurs then we […]
Silver Technical Update 2016 12 01
Weekly Recent sell off is coming up to significant technicals – watching for reactions. IF supports fail the larger pattern(s) suggest we could see silver drop back as low as $13.60 before support is found again. Support and a lift out of the downward sloping expanding wedge is needed to consider a trend reversal. […]