A rising, expanding wedge can be seen on the weekly chart (left); with the market breaking out and moving around the top resistance of the pattern since the end of 2017. A closer look on the daily chart (right) can see the most recent market action finding support and bouncing from the weekly pattern’s resistance; […]
Significant technicals can be seen marked on the weekly chart (left). Trend lines A & B form an expanding wedge that started in 2008/09; the market briefly breaks out of the pattern, and makes highs in 2015. From there it moves in an overall sideways consolidation, potentially another expanding wedge, bound by trend lines C […]
The weekly chart (left) shows a large blue channel, with the market nearing the channels resistance. Also of note is the lift from 2017, this can be bound with a steep channel. In general we are watching to see which of these two channels hold/fail. The daily chart (right) gives a closer perspective of the […]
In the bottom left corner of the weekly chart (left), “A” identifies the top resistance of a trend channel that holds the market from a lift starting in 2008. This resistance is broken in 2017 and the market lifts, forming channel “B” (“B” is sitting on the dashed middle line of the channel). In […]
WHY ONE ANALYST THINKS IT’S TIME TO SELL THE FAANGS — SOURCE: 07-20-18 – “Why One Analyst Thinks It’s Time To Sell The FAANGs” — While the FAANG stocks remain a favorite group for both institutional and retail investors, having been responsible for all the market gains in the first half of 2018, a new […]
Weekly chart (left): chart lows can be seen around Jun 2016 as the market bounced along the blue channel support. In Oct 2016 it lifts from the lower channel support, and ends up at the channels resistance by the start of 2017. Our previous post marked the blue channel and potential opportunities should the market […]
BoAML: EXCLUDING FAANG STOCKS THE S&P 500 WOULD BE NEGATIVE — SOURCE: 07-16-18 “BofA: Excluding FAANG Stocks, The S&P Would Be Negative” — Two weeks ago, Goldman made a surprising finding: as of July 1, just one stock alone was responsible for more than a third of the market’s YTD performance: Amazon, whose 45% YTD […]
MARKET ROAD MAP$Technical Trigger Levels | Potential Market Moves FB FACEBOOK Open Live Chart The large blue channel that can be seen on the weekly chart (left) goes back to 2013; FB breaks out of it for the 1st time in April 2017. Note the lift and break from the channel moves sideways in to […]
INFORMATION TECHNOLOGY 97% OF S&P 500 TOTAL YTD RETURNS AND DOMINATED BY FANG+ Information Technology accounts for 97% of the S&P 500’s total return performance YTD…
AAPL, AMZN, FB, GOOGL, MSFT, NFLX, TRIGGER$ January 2018
FAANG BUBBLE STATISTICS — SOURCE: 06-08-18 EconMatters – “FAANG Bubble Statistics” — Everyone has piled into the same trade for long enough that we have an acronym for this herd mentality in FANG, then expanded to FAANG, and other derivatives to include hot stocks like Microsoft and Nvidia. The lack of imagination on behalf of […]
