Consolidation between two blue s/r zones can be seen – watching for reversal. Breaking down through supports (s/r zone & channels) could see a significant drop to the next blue s/r zone, down around $42.00. Several weekly Fib levels can be seen on the way down and these should be watched for support.
Clear sideways movement can be seen highlighted by two bright green s/r zones. Market is falling from upper s/r zone, potential for a move to the lower. Green s/r zones below the market offer technical considerations if broken – mindful of other s/r trend lines that can be seen (channel) and expect market reactions. […]
NKE has been falling off this year; currently at significant support (blue s/r zone). Breaking lower would have us looking to the next lower supports. Lifting has a channel (clue dashed) and blue s/r zone to go through, as well as the larger overall pattern resistance. Break of each offers opportunities – be cautious of […]
GOOGL has been in a sideways channel – seen on our charts as 2 blue s/r zones. Moving outside of the channel (up or down) offers opportunity for a move to the next significant technicals. Breaking over $797.00 or falling through $680.00 are the levels we are watching.
NFLX at lower support, channel bottom. Potential for lift back to previous highs. Aggressive potential technical trigger consideration (not shown) is a lift through the 13ma and green s/r just above market ($93.00). Waiting for break above $98.30 offers less risk. If the market continues to break down, dropping below $79.50 could offer opportunities for […]
AMZN large potential consolidation after breaking up through expanding wedge. Potential for another wave down, back to channel support. Several potential trigger considerations IF the market starts heading back down, $678.25 being the most aggressive. If the larger positive trend continues, breaking past previous highs ($725.50) would have us looking towards the next projected levels.
FB has been in a strong up trend. Currently reached the top of trend channel – watching for break ($121.20) for a move tot he next projected levels; or a drop through $112.75 for a potential move back previous supports. chart page
Despite record amount of money flowing into venture capital, funding for startups is drying up “If that suspended disbelief ends, all hell breaks loose,” ‘Startup investment has cooled. Valuations are falling. But many investors and entrepreneurs haven’t grasped the new reality.’ “winter is coming and venture capitalists know it.” Keith Rabois, a partner at Khosla […]
Amazon has done it again. Moments ago Jeff Bezos’ company reported Q1 earnings that blew away expectations, when it printed revenues of $29.13 billion, well above the expected $28 billion, generating EPS of $1.07 almost double the expected $0.57. However, it is what drove this surge in profitability because while AMZN reported a respectable jump […]
And just like that the “no brainer” party’s over. Remember when in January 2014 Carl Icahn laid out his extensive thesis on why being long AAPL is the best investment out there? Or when a little over a year later, hoping for even more stock buybacks (even as he was decrying short term activism) he […]
