This is a multi-year channel; I’ve been watching this like a hawk. This is the one and only tidbit of bearish good news since, oh, the breakout of the Korean War.
There are two important resistance points for Apple Inc (AAPL): its price gap and its descending trendline, which just so happen to converge at almost exactly the same spot. As of now, it’s holding fast.
They never learn, do they? Perhaps you’ve seen that about 100% of the chatter on /wsb is about one stock and one stock only: BBBY. It’s evident from the volume. BBBY volume is presently running at what the entire stock market’s vo…
FEEDLet’s start off with a simple fact: out of 100,000 people, you’ll find maybe one true bear among them. There’s hardly anyone that’s ever going to posit a bearish argument about the stock market, because they have no vested i…
He’s a $5,000,000/year shithead.
On an intraday basis, equities reached multi-month highs on Thursday. All I can say is: bonds aren’t buying it. Just look at what’s going on with the high-yield world. Bearish engulfing patterns everywhere.
I stumbled upon something sort of interesting, which I thought I’d share on this evening before the massively-important CPI report. Our dear friends in the federal government (you know, the place where you send almost 40% of all your income i…
Chart
FEEDSince the market bottomed on June 16th, the /ES has gone up hundreds of points (well over 300) and the Dow Industrials is up thousands. There has been an enormous change in sentiment, with the consensus being that the brief bear market (if you want…
Ever since the market stopped plunging a month ago, we’ve been engaged in a violent tug-of-war between the bulls and the bears in a massive 300-pound range on the /ES. We’re near the top of that range now. The bears want to see a break …
