What's moving this market north? Like the Fanny Mae fiasco back around 2008, the 'implicit guarantee' is at play. Go read up what that is about. In essence this is about an idea that the FED will bail out big corporations. The top industry analysts can find nothing of real substance in the fundamentals to move the DJI (and S&P) north.
I explore the 4H and 1D...
1D TF shows us a strong downtrend that initiated on March 26th of this year. And we see a morning star on June 20th that started a local correction up.
4HTF – The price is still currently slightly above the 9EMA. Approaching simultaneously the 200EMA, 23.6 Fibo Correction level and our local trend line.
Here we have to consider 2 possible scenarios:
NVIDIA Iis at an interesting position. The gurus of fundamental analysis are saying it's ready for a pump north.
I'm not so sure. A few years ago there was a major crisis and loads of stocks plummeted despite great earnings. I remember well as I was long on Disney, which had brilliant prospects, then had a great earnings surprise, yet the market fell like a...
So far Facebook share is still on a bullish trend.
After the Cmabridge Analytica issue, it has continue to go up, due to a positive financial report.
After all, good fundamental is the way to go.
Never be affected by the bad news.
Facebook still have a very good business proposition.
Expect Facebook to continue to perform well and ride on the current bullish trend.