(This is the introduction to the latest BullBear Market Report)
As 2017 emerged into the following year I noted that the big cap indices had shown characteristics of a parabolic blow-off run since the November 2016 election. Technical analysts know that when a market is running persistently above trend, a significant mean reversion is…Continue
Added by Steven Vincent on January 16, 2019 at 10:00pm — No Comments
Almost everyone in the trading business is talking about an oversold market at this stage of the game. Stocks are now entering correction territory and there could still be more selling down the road. Generally, some of the best rallies come during a bear market and this makes many traders such as myself willing to take a shot at the long side when stocks are so low. Unfortunately, the stock bounces that we have seen lately have been met with heavy selling pressure. Often, traders will…Continue
Added by Bryan Leighton on December 26, 2018 at 1:46pm — No Comments
The NASDAQ 100 is surging today following the Democrats retaking the House. The reason for the rally? Just days ago, President Trump threatened to file anti-trust cases against the big tech companies and claim they were monopolies. Investors believe that the Democrats will neutralize that threat in the near-term. As tech surges higher, investors should be ready to pull the trigger on the short side when price hits $178.00. This is a major technical resistance and all technical chart…Continue
Added by Bryan Leighton on November 7, 2018 at 3:14pm — No Comments
Here's the introduction to the latest BullBear Market Report, Shift Happens: Very Long Term Secular Shifts in US and Global Financial Markets and Economies in Progress
Over the course of the last few BullBear Market Reports, I have been exploring the potential for a long term secular…Continue
Added by Steven Vincent on October 23, 2018 at 9:28am — No Comments
Does anybody here follow the Uranium sector? Talk about a bear market and excellent risk-reward for anyone with patience and a longer time horizon?
On the monthly chart of URA (uranium equity ETF), it looks like it will complete a massive multi-year base any month now. The fundamentals are incredibly bullish and demand has begun to outstrip supply.
I welcome any discussion on Uranium.
Enjoy the rest of your…Continue
Added by Lleyton Davies on October 13, 2018 at 8:12pm — No Comments
Shares of GoDaddy Inc (GDDY) were collapsing for the third day in a row before a strong bounce took place at $72.18. The reason for this bounce was easily predicted by pro traders. If you connect the lows of the stock over the last 6 months, the lows all line up perfectly. Today's lows went right to the trend line (as seen in the chart below). Overall, pro traders expect only a day or two bounce, then a massive break lower on GoDaddy. They are looking for a $65.00 target on the stock…Continue
Added by Bryan Leighton on July 31, 2018 at 1:56pm — No Comments
Added by Steven Vincent on July 10, 2018 at 4:32pm — No Comments
Shares of Sprint (S) have been under a ton of pressure since early 2017, once word leaked out that the T-Mobile deal was unlikely to happen. The stock fell from nearly $10 to its current $5 range. However, even with the tough market conditions, Sprint is showing signs of life. Just in the last week, Sprint jumped from its 52 week low of $4.81 to $5.22. This $5.22 level represents the daily 50 moving average and a major trend line resistance point (as seen on the chart below). Show it…Continue
Added by Bryan Leighton on April 9, 2018 at 2:29pm — No Comments
Added by Steven Vincent on March 27, 2018 at 7:30pm — No Comments
Shares of Micron Technology, Inc. (NASDAQ:MU) surged again today, hitting a new all-time high of $54.64. This surge tagged a massive trend line that stretches back to the top in 2009 and the top in 2014. When connecting those pivot highs, the trend line extends all the way out to $54.50, the level tagged today. After each pivot high in 2009 and 2014, Micron Technology, Inc. corrected 50%. That means another monster correction is likely at hand. Look for the stock to collapse as low as…Continue
Added by Bryan Leighton on March 6, 2018 at 3:55pm — No 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…Continue
Added by Bryan Leighton on October 18, 2017 at 12:21pm — No 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…Continue
Added by Bryan Leighton on October 5, 2017 at 3:14pm — No 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…Continue
Added by Bryan Leighton on July 19, 2017 at 3:21pm — No 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…Continue
Added by Bryan Leighton on July 13, 2017 at 9:49am — No Comments
Did you see the price action on Alibaba Group Holding Ltd (NYSE:BABA) today? The stock opened sharply higher before seeing about 1 hour of hard, heavy selling. This took the stock from a big gain to negative. After the first hour, Alibaba has slowly floated higher back to the flat line and slightly positive on extremely light volume.
So what does this mean? Why is it so significant? The heavy volume selling which last an hour was major institutions unloading. They always sell…Continue
Added by Verified Investing on September 29, 2016 at 9:22am — No Comments
Using a measured move method, I calculated the probable top on Twilio Inc (NYSE:TWLO). The stock will continue to squeeze higher until $83.00. The current price is $69.75. The method used is simple when you have a daily chart that has a big move higher, then a long consolidation pattern and another big move in progress. Simply take the low to high of the first move (on TWLO approximately $30) and add that amount to the low of the next move in progress. The low of the current move on TWLO is…Continue
Added by Verified Investing on September 29, 2016 at 9:09am — No Comments
Oil is setting up for the start of a 50% move in the next week. With the triangle pattern on the commodity chart coming to a head, oil will either have to breakout or breakdown. This will be the start of a monster move that every trader should be in. If oil breaks out of the triangle pattern, spot crude will head to $64. If oil breaks down out of the triangle pattern, it will head to $28. In other words, whatever the direction break, there is either 50% upside or downside. Catch this trade…Continue
Added by Verified Investing on September 28, 2016 at 9:30am — No Comments
Tempur Sealy International Inc (NYSE:TPX) is diving lower on a weak outlook. The stock is crashing after-hours, trading at $-17.75 (-23.84%). I am going to be focussing on a key support level tomorrow to buy Tempur Sealy. The level is $49.85. This is a double bottom level and a breach of $50, which will work as a spring to pop it back up. This could be good for $1-$3 upside tomorrow alone, should it trigger.
Added by Verified Investing on September 28, 2016 at 9:12am — No Comments
Black Swan Event: An unpredictable or unforeseen event, typically one with extreme consequences Deutsche Bank AG (NYSE:DB) may be the black swan no one is talking about. The European bank opened below a major triple bottom support level at new lows.
It has been widely said, that if that triple bottom support level broke, it would cause Deutsche Bank to spin out of control and into default. An event such as this would trigger a domino effect among other financial institutions, mainly…Continue
Added by Verified Investing on September 27, 2016 at 9:22am — No Comments
There is one simple reason why I am buying the 3x long biotech ETF $LABU into the stock market close today. There is a Presidential Debate tonight and biotech has been under pressure the last few trading days, afraid of what targeted attacks it would get from the candidates. Ultimately, there will be relief when it is over, not matter what is said. The fear of what may be said is always worse than the actual event, which means a sharp biotechnology rally tomorrow. This is literally a 1-3 day…Continue
Added by Verified Investing on September 27, 2016 at 9:07am — No Comments