1. We've reached the peak of stock buyback blackout season. 2. Massive Wedge 3. MACD Divergence 4. MFI points to overbought conditions. 5. Weak Volume 6. Nearing a double top. 7. Hanging man on the daily chart on Friday. 8. Buckle your seatbelts. Have a great week trading everybody!!! Not Investment Advice.
Right - so you wanna make money in these markets. All I can say is that these are dangerous times. This is certainly not ' The Big Short' any longer. I call it the big fudge. Now we're not allowed to say who exactly is doing the big fudge - cuz it'll probably break a whole bunch of laws and policies. But it's not illegal or wrong to point to a big fudge. Like it...
Earnings Season is approaching soon again. The Big Banks are usually the first industry to kick off the earnings season and often provide an indication of how the earnings season will play out. Checking the largest banks' trendline patterns shows more selling than buying. BAC had 4 big down days recently and is now hovering at a gap support level. The bank may...
There could be serious trouble just around the corner for the S&P500 and Wall Street. Just don't be an 'April Fool*'. Watch the video. *April fool is figurative language. I'm not describing anybody on Tradingview, or anywhere else.