Google has created a quality rising channel and it broke above this channel last year and now is about to test it as support.
My friend Josh Brown of the Reformed Broker, wrote an clean/short post on “Respect Thy Trendlines”
Silver is facing a key support channel at (3) in the chart below, that if it fails to hold, could usher in selling pressure and much lower prices.
By now we all know Bio Tech and Social media darlings have been hit hard of late, which could be masking that the broad market is NOT!
Joe Friday….However, the world looks vulnerable to these rising wedge patterns
Twice in the past 15 years the Gold Bugs/S&P 500 ratio was oversold (2001 & 2009)
Three popular low cost retailers look to have created bearish wedges and are breaking support.
If you own Bio Tech(NYSEARCA:IBT) or Social Media stocks of late, its been a bumpy ride (-15%+)
This 5-pack of chart focuses on key U.S. stock index’s and how each of them are facing key long-term lines at the exact same time
Two weeks ago the Power of the Pattern shared that the NDX had recorded the highest overbought momentum readings since the 2000 highs.
The Junior Gold mining ETF (NYSEARCA:GDXJ) finds itself at key price point right now.
Beauty is in the eye of the beholder and boy does this apply to the art market!
Have you enjoyed a cup off Coffee today?
Margin Debt took a giant leap over this year, rocketing to new all-time highs!
Over the past month the S&P 500 (NYSEARCA:SPY) is flat, no big deal.
Google, Tesla, Bio-Tech lag big time!