Amazon's Periodic HabitsOn the log scale, there's a clear trend channel. However, the action that occurs within each quarter varies predictably-- after about 40 days into the quarter, any trend that has formed gets broken. Green vertical lines are a day after quarterly reports, white lines are when the trend for that period gets broken. Arrows are overall market events, which cause anomalies in the charting. My prediction at this point is that since we broke out of a longer pattern (light blue line), it will follow the angle of the trend channel until the next overarching trend emerges, as it did starting 9/4/15, where the longer pattern (red line) ended.
Nasdaq Composite Index
Why you should be buying more stocks now...The chart presented is a Comparison of the 30 Year Bond and the Dow Jones Industrial Average. Notice how the extreme Peaks in bond prices (hitting the upper trend line) starts a strong rally in Equities and also vise versa. Its a good time to buy stocks, and short bonds. With the Feb raising rate some time in the future, I expect bond price to fall and the the next major top can be estimated when the price hits the lower trend-line. Until then the Trend is your friend...The projections made are just estimates based on the average of the two last occurrences of this pattern. Bullish !
Major sell off incomingS&P500 have been building a market top since the start of October 2014 in a rising wedge fashion.
Since last Thursday (4/6/2015), it looks like it is finally ready to roll off having closed below the support line for the first time.
It made a new high at 2137 in a relatively low volume but failed to push past further.
This time I simply do not expect it to bounce back strongly like October 2014 with the looming rate hike by the FED. Corrections of 10~20% is justifiable for a healthy growth in order to shake off some weak hands.
With Greece issue looming, bears surely have more reasons to sell.
Nasdaq daily:
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China equity bubble is almost catching up Japan, US, and Europe.. next few months will be pretty interesting.
JBLU LONG lots of support Stochastic s turning up JBLUE is holding this Trend-line support watch the levels 19.50-20 buy zones. The airlines are all hitting the buy levels. I cant stress enough, traders must learn to BUY the FEAR and SELL the GREED. Always have a plan and always have a stop. understand your parameters and you will do well.
KEEP IT SIMPLE TRADE LEVELS
NASDAQ hanging at a dangerous level!Broken ending diagonal wedge, and currently trading within the daily MA 50 & 200 range.
5000 is also a significant psychological numeric & 2000 technology bubble resistance.
It seems that the market is currently stuck in a range until contagion tears this apart to the downside. (Grexit? China bubble? US macro weakness?)
I'll be expecting 10~20% correction soon, unless FED decides to pump this straight to the stratosphere for a lehman-sister moment which I don't see it happening given Yellen's stance that the market 'is quite high'.