Over the course of the last 2 days, there have been extensive bad news about the US economy. Neither one of those were taken into account by the market.
It appears the only thing that is taken into consideration is the FED Minutes in which they imply on keeping interest rates longer than expected.
I don't see how this compensates the slowing economy...but rather...
QQQ seems to be near its lower support channel trend line for the new bear trend that it has entered. While a trend reversal for QQQ seems ulikely, a slight bounce from the lower trendline could trigger a bounce in some of the equities that took a hard hit during the last week.
There are no major economic news/reports on Monday, which means that the lower...
Twitter is testing a very important double support line (based on Fib retracement from all time high, and based on 3 month retracement). If it breaks through the $40 it is likely to drop down to $36.80.
A projection for FB movement during July 2014. Strong expectations for Q2 Earnings are likely to catalyst a positive movement that would push FB to $72.50 . So far the recovery of FB has been smoothly following Fib Retracement with clear support and resist levels.
Extremely low VIX levels and record high Index levels make the markets really vulnerable to any...
