Nasdaq set to drop. How far? Who knows. I just do not want to be exposed with too many longs that are not protected by hedges.
YY has recently risen from a double bottom trend reversal pattern. The current bull pullback buy along with the Bullish Thrusting Reversal Pattern makes for a nice setup.
GPRO remains in uptrend and buyers came into buy up weakness in today's trading action.
BABA is coming off of a triple bottom trend reversal pattern and has recently pullback. Nice hammer on a bull pullback.
Tighten stops on long positions. Be ready to activate hedging techniques.or go short if the markets start to retrace.
As much as I hate "Neutral" ideas, It's warranted here. DIA has slammed into resistance. This trendline has served as resistance two previous times. I expect a stall or a drop going into the weekend.
SPY is hitting a trendline that has been serving as a resistance. If the trendlines holds the SPY should stall at best, if not drop.
This stock has been beat down and now PBR is getting notable volume rolling into this stock on the bull side of things. Recently a Falling Wedge reversal pattern has gone bullish on the weekly chart.
YY has been beat down as of recently and has finally made it's move upward. This trade is from our GrokStatPicks.com list.
BABA lifts off bouncing from a triple bottom trend reversal pattern on great volume.
This is a trade from our GrokStatPicks.com list. I am long PM. Love the volume flowing in on the 'buyside.'
Silver and other precious metals looking like they're ready to rally. I am long SLV. Falling Wedge info: www.freeonlinetradingeducation.com
This is a trade from our GrokStatPicks.com list. I am long YY. Nice 'Double Bottom.' See Double Bottom information here: www.freeonlinetradingeducation.com
This technical stock is beat down and potentially close to breaking out on a Falling Wedge formation. I bought a token position and will add to position on confirmed breakout, if/when it happens. See Falling Wedge chart description here: www.freeonlinetradingeducation.com
This technical stock is beat down and potentially close to breaking out on a Falling Wedge formation. I bought a token position and will add to position on confirmed breakout, if/when it happens. See Falling Wedge chart description here: www.freeonlinetradingeducation.com
I will be long the market, once again, if we get a confirmed bounce off this important trendline, which it appears to be doing. HOWEVER, I expect the next upleg to be short-lived as this is a rising wedge formation, which is largely much more bearish than bullish.
I will be long the market, once again, if we get a bounce off this important trendline. HOWEVER, I expect the next upleg to be short-lived as this is a rising wedge formation, which is largely much more bearish than bullish.
This is a solid fundamentally strong company. It's technically giving us a Bull Pullback buy chart formation. See information about Bull Pullback here: www.freeonlinetradingeducation.com