Below you can see the original post for ORLY’s technical set-up on May 6th, 2017; and the current market as of July 24th, 2017. The significant technical break around the $227 level occurred; and a low of $170 (+25%) was reached. While we had identified the $227 level as one of significance, there were also […]
“FANG & NOSH” COMPONENT, O’REILLY AUTOMOTIVE PLUMMETS –SOURCE: 07-05-17 ZeroHedge — “O’Reilly Automotive Plummets On Disappointing Sales; Mild Winter, Low Hispanic Spending Blamed” — O’Reilly Automotive stock crashed as much as 21% on 7 times its average daily volume, its biggest drop since June 2012 dragging the share price to the lowest since October 2014, […]
NERVOUSNESS ENTERING THE MARKETS ON CENTRAL BANK GUIDANCE Friday (06-23-17) saw a surge back into FANG stocks (retracing 75% of the Tech-Wreck drop). However, the slightly broader FANTASIA (FB, AMZN, NFLX, TSLA, GOOGL, CRM, INTL, AAPL) started to roll over after tagging the Fib 61.8% retracement of the tech wreck What is going on? It appears not […]
SII: FANGS – BEING “DE-FANGED” FOR A “QUADRUPLE WITCH” CONSOLIDATION As we moved towards the June 16th Quadruple Options Witch we have carefully followed our SII: FANGS. Between the Friday June 9th “Mini Flash Crash” and the subsequent 61.8% retracement through Wednesday June 14th we could see the possibilities of a clear ABC consolidation pattern […]
SII FANGS: THERE IS LITTLE DOUBT IT IS SOLELY ABOUT GLOBAL LIQUIDITY FLOWS The “big 5” tech stocks, have an uncanny correlation with the size of the consolidated central bank balance sheet.
JAMES RICKARDS: CHINA’S GOLD STRATEGY UNMASKED — SOURCE: 05-27-17 Daily Reckoning – James Rickards – “The Golden Conspiracy” — Is there gold price manipulation going on? Absolutely. There’s no question about it. That’s not just an opinion. There is statistical evidence piling up to make the case, in addition to anecdotal evidence and forensic evidence. […]
CURRENT MARKET MANIPULATION PATTERN EXPLAINED This Market Rig Is Getting Dangerously Close to a 1987-Type Event — SOURCE: 05-26-17 Phoenix Capital. “This Market Rig Is Getting Dangerously Close to a 1987-Type Event ” — For weeks I’ve been noting that stocks are being driven by a market rig. By way of review, that rig is as […]
PCLN can be seen within an expanding wedge A1-A2; with the recent lift inside channel B1-B2. Continuing to hold within channel B1-B2 would give opportunity for more lift and could see a break of the larger A1-A2 wedge pattern. Note the market has nearly reached A1 resistance already and may be starting a consolidation. A1 […]
Our charts show a large expanding wedge on the weekly long term perspective. Inside this wedge, the daily chart shows the recent market movement lifting inside another smaller expanding wedge pattern. Overall this suggests we could see this market continue to lift inside the smaller wedge until it reaches the top resistance of the larger […]
HOW AMAZON WILL “PINK SLIP” A FURTHER 16M DEPARTMENT STORE WORKERS — SOURCE: 05-12-17 ZeroHedge – “How Amazon Killed The Department Store, In Five Charts” — At the end of April, we observed that “The Retail Bubble Has Now Burst” noting that “A Record 8,640 Stores Are Closing In 2017.” We discussed that while there […]
