market will decide in next few days which way to go. price discovery in action!!
bad action in crude oil. at support and threatening lower.
on watch for bearish action. failed to break out and threatening moving averages. if continues, support lower will be sought.
be careful, macd is warning of diverging momentum. breaking below 50k on btc and heading toward 40k will confirm trend reversal, if occurs so. Breaking above 60k resumed bullish trend.
bad bad sign for investors if shares keep being threatened for delisting. confidence will be shooketh.
waiting to see signs of life in gold stocks. below moving averages still and no signs of upward trend yet. but willing to consider buy stop orders to get pulled in as rises, IF RISES.
distribution detected. moving averages crossing bearish.
gold and gdx could regain upward momentum soon.
could this be a bear flag? below 65 day moving average showing signs of selling and supply?
daily trend forming and support base has formed. benefits from oil and non dollar action, and its china with their gdp growth potential.
Apple failed to break out and may be acting out double top failure and test support. On watch. Needs to recover 65 day moving average or will be playing out as a double top and look for support lower at or new 200 day moving average where more value oriented buyers will step in hopefully.
Bitcoin needs to recoup the highs and follow through, or risk getting pounded with profit taking to support levels.
MOMO has good past growth in sales and eps. can it recover from the regulations fears sells of and continue its growth path? chinese social media apps, and only has price/sales of 1.30 ish, when sectors has comps at way higher in the 30-40 plus price to sales. Dating and social media in china, worth a look. Im a fan, I like the stonk :D
Im not a fan, but banks are! will they bounce in the next sell off as a hideout?
Will gold hold here as stocks look less attractive?
Looking to see if euro reverses up trend and threatens moving averages lower.
Etherium ethusd below 25 day moving average and threating to break support and fall below 65 day moving average.