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Overbought Signal
Since early last week, in our analysis, we've realized the buyers are starting to get tired in the minor-term as you can see in the chart below (screened on November 3rd 1:57pm).
This was when the Q's...
"Market crash is coming." "Bear market is starting." "Black Monday!" "Recession is here." "Market looks weak."
Real traders/investors are born in tough times (volatility will eliminate the weak)
The legends are born in rugged surroundings (wars w...
Analysis & Forecast:
S&P 500 Index ($SPX)
Dow Jones Industrial Average ($INDU)
NASDAQ Composite Index ($COMPQ)
Semiconductor Sector ($SOX)
Russell 2000 ($RUT)
Dow Jones Transportation Average ($TRAN)
New York Stock Exchange ($NYA...
Most traders neglect to look at the big-picture thus only focusing on the daily fluctuations, and the problem with that is, they tend to let their emotions get in the way and not able to forecast the market accurately. I am not saying to forget about the da...
REVERSALS
Since 2009, there have been several occurrences where the price stayed/dipped below the rising "200SMA" as I have annotated with the blue boxes as below. We can see that these occurrences were bottoming price-action, not crash signals, as the marke...
Related Articles: Part 1 | Part 2 | Part 3 | Part 5 | Part 6
Historical Perspective (Monthly-Charts)
Since late-2014, we've been involved with Boston Scientific (BSX) as one of our long-term strategy positions.
As you can see the chart from the ...
DAILY
Falling channel since Feb of this year
Broken below the channel in late October
It recovered and back inside the channel last few weeks
Island bottom reversal
Island bottom occurred during the fake break down (bear trap) = reversal ...