JNJ is yet another giant trading under the 200SMA.
Even though we had a strong earnings beat last week JNJ was not protected from the dip.
When the inevitable bottom is formed, I will be looking at these large caps under the 200 for bargain buys.
Hard to say what the near term status is for JNJ, following that of the market.
I would be looking for buys in the...
AAPL just closed well below the 200SMA which its been straddling for a couple days.
This is not a great sign, computers will take the opportunity to sell.
AAPL just sold off with the rest of the market in the last hour.
Depending on the market tomorrow look to see if people are buying the dip or not.
If AAPL closes this week below the 200SMA should expect to see...
I cant predict the future and neither can you.
Seems like the OG ShitCoin has support levels in the short term.
I suspect Bitcoin wont be having any bull runs anytime soon tho.
Weird how BTC and the DJI IXIC SPY all found support all at the same time... something to think about.
MCHI tracks the big China blue chips
China and Japan possibly oversold from the last week of selloffs.
N225 and HSI
Now that the DJI, IXIC and SPX have found a bottom (hopefully) expect Asia to bounce.
Got in at 70, looking to sell over the week at 76-78
If Bitcoin closes below the 200 day MA for more than a couple days we may see a rapid sell off to the 6500 level.
The question is after we find support will BTC consolidate sideways for half a year or will we see another bull run into double digits again.
One thing for certain is that the energy consumption of the Bitcoin network is unsustainable by any metric....
