BullBear Trading: Stock and Financial Market Technical Analysis

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iRobot Corp (IRBT) Rally Off Lows About To Slam Into Resistance

Shares of iRobot Corporation (NASDAQ:IRBT) have been surging off 52 week lows hit in December 2017.…See More
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Why you should take professional trading course

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Tips for Creating an Income from FX Copy Trading

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Epic Bear Flag On Toll Brothers (TOL) Signals Major Downside

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Financial Market Technical Analysis

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Eventually, all bull markets will see significant corrections of price gains.  During the last secular bull market from 1982-2000, SPX saw corrections of 14.18%, 35.94%, 20.36% and 24.51% on its way to a gain of 1419%.

Even the terrifying 1987 crash was nothing but a correction in a perfectly trending long term bull market.

In my view SPX and US equities in general are in the process of finishing a bull wave that started in November 2012.  It is possible that the bull wave can see a significant extension from current levels before it completes, but analysis tends to support limited upside and substantial downside risk going forward.  When equally viable Elliott Wave counts compete, the technician needs to examine the technicals, liquidity, sentiment and psychology of the market to see which count is better supported by underlying conditions.  In my view there is substantially more evidence to support a correction than there is to support a bullish extension at this time.  For this picture to change, we would need to see a fairly immediate and aggressive bull breakout move at the outset of 2015.  Failing that, if we see a continuation of last week's selling, it is likely that a sizable correction will be nearby.

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Blog Posts

Lockheed Martin (NYSE:LMT) Finally Pulls Back, Here's The Trade

Posted by Bryan Leighton on October 18, 2017 at 12:21pm 0 Comments

Lockheed Martin Corporation (NYSE:LMT) is a leading defense and aerospace company. The stock has been one of the best performing equities over the past four years. Finally, LMT stock is pulling back over the past four trading sessions. The stock is now close to testing its 20-day moving average. Traders should note that this 20-day moving average is minor support so there is a good chance that the stock could move lower. The daily chart is signaling very solid support around the…

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Nasty Bear Flag Alert On $OLED: Here Is The Trade...

Posted by Bryan Leighton on October 5, 2017 at 3:14pm 0 Comments

Shares of Universal Display Corporation (NASDAQ:OLED) have one of the tightest, nastiest bear flag formations I have seen. There are high odds of this stock taking a major leg lower in the coming weeks. The first target is $108 and the second target is $90. The key here is the recent news from just days ago that many Asian companies are over-producing OLED displays. Asia and specifically China have a history of overproducing things and dumping them on the overall market, killing…

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$CSX Corp (CSX) Falls On Earnings, Here Is The Downside Target Price...

Posted by Bryan Leighton on July 19, 2017 at 3:21pm 0 Comments

Shares of CSX Corporation (NASDAQ:CSX) fell after the transport stock reported earnings that beat Wall Street expectations. Does it sound weird, it is falling on an earnings beat? Upon a closer look, some accounting maneuvers allowed for that beat. If you back out those shady dealings, CSX Corporation actually missed earnings. This explains why it is falling. Being a technical chart trader, I have been bearish on CSX Corporation. I just cannot make sense of a railroad stock trading at…

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Alert: Topping Tail Signals Max Move Complete On Boeing Co

Posted by Bryan Leighton on July 13, 2017 at 9:49am 0 Comments

Shares of Boeing Co (NYSE:BA) surged in early trading, hitting new all-time highs at $208.61. However, the rally faded as the day dragged on with the stock giving back all the gains and closing flat at $206.44. This reversal from all-time highs increases the odds exponentially that a top is in on the aerospace company. Boeing Co has an official topping tail in place and should now start selling lower. The next wave of selling will take the stock to the daily 50 moving average, which also…

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Forum

iRobot Corp (IRBT) Rally Off Lows About To Slam Into Resistance

Started by Bryan Leighton in General Market Discussion 15 hours ago. 0 Replies

Shares of iRobot Corporation (NASDAQ:IRBT) have been surging off 52 week lows hit in December 2017. In December, this robotics company hit a low of $63 but is now approaching $90.00. Not only is it…Continue

Tags: IRBT

Why you should take professional trading course

Started by Andrews Wright in Forex on Friday. 0 Replies

When you are trading in Forex you will see that there are lots of people who are taking professional courses form the professional traders. Many people think that these courses are nothing important…Continue

Tips for Creating an Income from FX Copy Trading

Started by Andrews Wright in Forex Jan 11. 0 Replies

The trading world is set up in a way that anyone can open a trading account and start trading forex without any experience whatsoever. Many seasoned traders can attest to going into forex as a means…Continue

Epic Bear Flag On Toll Brothers (TOL) Signals Major Downside

Started by Bryan Leighton in General Market Discussion Jan 2. 0 Replies

Shares of Toll Brothers Inc (NYSE:TOL) are in trouble. The technical chart has one of the most powerful bear flag formations I have seen in the last year and it is likely near a major breakdown. The…Continue

 
 
 

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