This idea is based on a recent Kitco News Interview with Harry Dent. If are not familiar with Harry, he is an Contrarian Investor and Author. I have respected Harry's opinion, and more times than not, he is on the money. Pun intended. From this interview I put together a chart of the S&P 500 with an attempt to convey his forecasts. He is forecasting an...
Natural covering/buyers here. Could see the lows get taken out and get shorts really worked up and emotional only to squeeze them out back to low $400s where quarterly vwap sits and is curling down. Would be a perfect way to trap new longs and also shake out the shorts looking to freeload and ride the momentum downwards. Some of this depends on BTC spot, some...
It came out of nowhere. Internet Computer or ICP. 57 billion market cap, which is equal to the market cap of Ripple current #7. The ugliest selloff, not a single investor/speculator made the big money with longing ICP. I understand the mistrust of this coin, the anger, the pain it caused with its brutal downfall. But now the last cycle of the bull run, the alt...
AMEX:SLV has an ugly topping pattern that looks similar to a head and shoulders top. I would expect a follow through day tomorrow with the possibility of a big drop off.
Buy put spreads for April on this name. I think 180/165 put debit 4/19 would do well. XBI is under a lot of pressure, this company has nothing fresh right now, massive head and shoulders. Get it back in that safe channel
Nasty bearish div. double top on #relativestrength and #macd inside a larger flag
Analysts expect that ON Semiconductor Corp will report earnings of $0.16 per share for the current fiscal quarter, $ON posted earnings per share of $0.43 in the same quarter last year, which suggests a negative year over year growth rate of 62.8%. It is forming ugly double bottom if it breaks above $15.20 and gartley, bearish
Ugly double bottom for Grocery giant Kroger. Monthly #ssi is over 50 as well.
Today's daily chart of the S&P 500 is perhaps the ugliest chart I've ever seen. What on earth do you call this? Where is it going? Please disagree with me and tell me how you've wrapped your head around this monster and can see where she's heading. Until then, I just can't even look at it without getting a headache. Thanks in advance. Jeremy.
All necessary text is in the chart.
Walmart has bottomed consistently at 0.50x's Sales since late 2012, with each swoon holding perfectly at that level. Given the size of Walmart and the breadth of shareholders and analyst coverage, it is logical that investors have stepped in and defined a specific level of valuation for which they will continue to buy shares. I have done this analysis in GM...