Hunt-orbe-Hunted

Hunt-orbe-Hunted

While the horizontal line continues to be drawn along the swing highs, and a rising trendline to be drawn along the swing lows, XLE is forming the ascending triangle pattern as a bullish information. The target could be taken at the horizontal line which also considered a resistance and a stop loss could typically be placed just outside the pattern on the lower...

Hunt-orbe-Hunted

S&P 500 and Nasdaq finished the week at record closes as the U.S. and China reportedly reached phase one deal in their ongoing trade war which includes some tariff easing and agriculture purchases. If you take a look at the S&P 500 and on the weekly perspective, the market seems can extend further than we think they can. So as a trader for now whether you look at...

Hunt-orbe-Hunted

Markets closed flat as investors debate tariff deadline and as the Federal Reserve is going to deliver its month to month monetary approach tomorrow. However, on the other trade front, House Democrats declared a concurrence with President Trump on an arrangement between the U.S. and Mexico, Canada. The sectors faltered and closed mix with XLV AMEX:XLV along with...

Hunt-orbe-Hunted

SBUX was one of the better performers in the overall market. The long term trend is positive and the short term trend is neutral. On a yearly perfomance, it beat 71% of 57 stocks in the eating and drinking industry. On the daily basis chart, we are starting to see a rounded bottom pattern to be formed recently. Basically, with a rounded bottom, the pattern is...

Hunt-orbe-Hunted

Stock floated lower to close as various potential catalysts loom later this week. The health care, technology, industrial and utilities sectors were the biggest loser today while staples, consumer discretionary gained 0.08% and 0.12% respectively. And the expected move of SPY is expanded on the deadline of raising tariffs on China that is coming on Dec 15th this...