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.
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 […]
BREADTH HAS COLLAPSED – 10 COMPANIES ACCOUNT FOR 46% OF S&P 2017 RETURNS –SOURCE: 05-11-17 ZeroHedge – “Just These Ten Companies Account For Half % Of The S&P’s 2017 Returns” — Two weeks ago – as of April 28 – we presented readers with a striking statistic from Goldman Sachs, showing just how much breadth […]
Coming from a lift that ran from $3.75 in 2009 to $64.00 in 2015, SBUX has been consolidating (roughly) between $52.00 – $62.00 since. Looking at the weekly chart, a wedge pattern from the high in 2015 can be seen and it has been recently broken (March 27th, 2017). As well as the wedge […]
ORLY had a strong lift through 2015 that topped out in the summer of 2016. The first signs of weakness can be seen in the summer of 2016, where the market first broke the trend from the end of 2015. The subsequent bounce, lift to new highs, and then the fall off since Jun 2016, […]
