New Year, New Watchlist
Due to popular demand- here’s a brief glimpse at some of the stocks on my watch list:
For more information, please fill out our contact form.
Due to popular demand- here’s a brief glimpse at some of the stocks on my watch list:
For more information, please fill out our contact form.
The Dow Jones Industrial Average & The Benchmark S&P 500 index and Nasdaq composite (not shown) are currently retesting their 2010 lows. As long as these lows hold, the current trading range remains intact. However, if the lows are breached, odds favor lower prices will follow. In addition, it is important to note that their 50 DMA lines are about to undercut their longer term 200 DMA lines which, as we now know, is not a “healthy” sign. It is also worrisome to see that other capital markets have hit new 2010 lows which suggests the bears are getting stronger (i.e. EUR/GBP, EUR/JPY, and EUR/CHF are already at fresh 2010 lows).
Source: http://www.bloomberg.com/news/videos/2015-06-18/each-dot-represents-an-economist-s-forecast-ellenberg
The benchmark S&P 500 index is trading near a very important inflection point: it’s 2010 low and the neckline of its broader 2010 H&S Top. If it breaks, then odds favor lower prices will likely follow.
Click Here To Join Our our FREE Newsletter: The swift reversal for US benchmark indices midweek saw the S&P 500 index drop like a stone from within 4-points of setting a fresh record peak. Three weeks ago investors appeared to cross the Rubicon by discounting tepid data as a temporary phenomenon with activity and hiring…
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