$W -- hate to say it but $SPY $SPX $AAPL $QQQ -- Hate to say it but this shitty mc shitburger of a company $W looks like its bull flagging... disgusting.
Puke
Potential "puke" in playFacebook has seen a lot of mixed signals in play. Recent analyst upgrades due to Ad revenue have come at a time of extreme public resentment of FB. Every week more troubling news is adding to the PR fiascos for FB. today alone saw UK and New Zealand hint at fining FB and another story about criminals openly selling CC numbers, SS numbers, etc in public FB groups. Price is already below a lot of buying volume, those who bought a little earlier might be looking to take profit. Those who bought at the high might be close to stopping out. A burst of selling could see recent bagholders "puke" their shares and restest prices between 170 and 166.70.
GOLDMAN H&S CONFIRMEDWe are witnessing a softening in the market. The Dow Jones Industrials appear to be a mixed bag. Buying blind is NOT the strategy at this point - it worked for 10 years, now the easy money has been made.
As suspected, the mid-term elections have not been without incident, and investors are naturally cautious. Many big stocks are confirming bearish topping patterns - including Goldman. I shorted today, with a target below.
This is telling me that the rally in the indicies has stalled for now, and an extended period of consolidation is perhaps on the cards. On the other side, we will see a bullish continuation, in anticipation of a Trump 2020 win.
With that said, I am buying any low in the Dow, yet cautious for now, and net short.
