SPX tags the underside of the larger trend channel in an over-extended momentum squeeze.. profit taking is in order..
Predicting DXY will breakout to the upside to coincide with SPX correction.
The custom FrankenTARD algo suggests that VIX is ready to make a move up..
An additional chart showing multiple technical collision targets.. resistance of the cloud, 150 EMA (purple line), trend-line (green) and upper fork (red)
Trend-line resistance and Fisher Transforms imply a reversal is pending.
I just love that left arm of hers, raised to the air, those little fingers pointing to that trend-line of resistance... send the Queen to the guillotine!
Trend lines are breaking down, with each successive fail and retest resulting in the next test and fail. Started yesterday.. (orange dotted line and red dotted line) Next test will be the green line, and then to the thick solid Orange line.. oscillators confirm.
Some stocks I short just based on technicals. BROOKDALE is a stock that I will short with every fiber of my being because of the PERSONAL experience I have had with them regarding the care of my parents. Brookdale, (in my opinion) gouged my family for every possible "fee" they could come up with. Does a parent seem anxious that their meds were brought to them TWO...
When this taps $527, I'm tagging and bagging it. Buyer beware.
All this market needs is overnight news of an OPEC disconnect between Iran's intentions and that of Saudi Arabia's, and then SHAZAM! $180 on SPY overnight. Don't forget your moving averages kiddies. Market bottoms don't just magically blow in on President's Day. I hope you will appreciate the "burr" you're about to get if you linger long on this market... Let it...
This price move up on BAP on February 17, 2016 during the 11:00AM- 12:00PM EST trading hour is completely ridiculous and unjustified. Technically, this stock hasn't added up for many sessions, and has all the markings of a HUGE haircut being set up for dumb market participants. (Called a PUMP AND DUMP back in the day...) I have taken a short position for truthful...
If it walks like a duck, squawks like a duck, and flops around like a duck, it's probably a duck! If it trades like a pump & dump, if the TA is bizarre like a pump & dump, if the volume to price action looks like a pump & dump, IT'S PROBABLY A PUMP AND DUMP. If all the pundits are trying to keep you in it... hmmmm! If all the pundits are trying to inspire you...
One must short PNRA here at this juncture. Far too many technical divergences exist to indicate a further upside move, as the associated chart will show. Price target will be somewhere along the red trend-line, TBD when it gets there... Best wishes for profitable trading, and as always, don't buy the hype! Trade the chart!
Multiple segment Coppock Curve, Fisher Transforms, and SMII breakdowns occurring.. Longer time-frame charts reveal weakness on each successive intermediary run-up in price. Divergences in TA verses price action... Unless phenomenal news develops, the rug will be pulled.