The current FAANG symbol does not have a very long history. Depending on the symbol, you get a chart that either starts from mid-2019 or 2016. We get couple more years of data in this chart, back to early 2014. I weighted each stock equally according to its 60 month average, and adjusted for M2 expansion, which gives us a very consistent support line. There's also...
Where to put Money During a Recession?
#1 Recession-proof Stocks: Discount Store Industry.
Here is a list of retail stocks to keep an eye on during the 2020 recession:
Dollar General (NYSE: DG ) – during the 2008 crash DG rose more than 60% and since the middle of March 2020, it’s up the stock is up more than 38%.
Walmart (NYSE: WMT ) – since the COVID – 19...
Market looks to be near ready to break out of channel.
Few possibilities on how this will occur.
One to watch closely for a great sell opportunity.
For observational purposes only, trade at your own risk...
This doesn't necessarily mean that a global recession is about to start. It means, the people who participated in the accumulation part is exiting. Once Dow stated that after a huge sell-off , the price jumps to the near high and then, it proceeds to decline. It was also noticed that AMZN price is in a similar situation.
Accumulation taken place in late 2018 until February 2019 when the mark-up phase began to develop.
Lesson: forget about the news, earnings , etc. This is a pure example of stock manipulation.
Check volume for selling climax, spring and earnings report like the one on the 30th January to break the range.
Well played by the composite operator.
@Mikephicc
In this screencast I look at GOOGLE which is Alphabet, Apple, Netflix, Nvidia. The picture of meltdown is serious. Google is at a key level of congestion which could break down.
Overall the technology sector stocks which dominate Wall Street and other indices across the world could cause a domino effect.
