Everybody's Gone Shortin' - Shortin' U.S.A.
In this post I would like to put together some previous stock market calls (still valid), as well as add two more promising shorts. It's been a rough week for US stocks culminating in a clear break of the Head&Shoulders' neckline at 2045. This kind of pattern is usually referred to as "Complex H&S top", because there are multiple peaks and its "head" is a H&S pattern itself. The traditional target is set in the 1945 area, though we expect a move of greater magnitude. There is a more traditional H&S in LinkedIn. It calls for a sizable move to the downside. Another bearish pattern is a Rising Wedge, or Ending Diagonal, in Bank of America. The first target here is $15 area, which is some 10% from here.
I'm still positioned according to previously published ideas:
Baidu
IBM
Intel
and Procter&Gamble:
All of them are currently profitable.
Best of luck, mates
I'm still positioned according to previously published ideas:
Baidu
IBM
Intel
and Procter&Gamble:
All of them are currently profitable.
Best of luck, mates
Новостной бот: t.me/NixJunior_bot
Telegram: t.me/NixTrading
Сервис: NixService.net
Telegram: t.me/NixTrading
Сервис: NixService.net
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