I think this could be the start of a bearish trend that will bring on a choppiness price action to the downside but I don't think this overall trend to the upside is over.
In the video I explain what I saw on the VIX in early hours as well as events in the news that could keep the present rally continuing. Hope you like the video.
AMD is due to present earnings at the end of them month. AMD has held over at $16.00 over the last couple of months with the most recent and current rally. AMD seems to trade mostly between $19.30 and $21.30 during that time. The last two days the AMD declined sharply after getting to the $21.30 area. Most other tech stocks have outperformed AMD the last two...
Looking for a continuation of a downtrend on the VXX with a possible Head n Shoulders pattern that will complete in the following 2 weeks or so. Will just have to see if it plays out.
2018 was good and bad for many stocks. It really could have shaken off people from the market. INSG for being a low dollar stock is impressive for the year. I see a stock that is solid as I have ever seen on just the daily technical analysis. I will pay attention to this stock.
I think the markets have scaled back is because of overall debt. In the video I explain the difference between the 2009 crash and today's market downtrend.
Look for an open higher VXX (lower your favorite tickers). I look for a short on the open then will go long on my watchlist tickers. If not I believe for price action to yield little results from yesterday's move. Good luck!!
INTC and many other stocks maybe in panic mode. I believe AMD is on its way to taking out all competitors. Another stock that I believe is worth taking a peek at is EXEL. They were crowned market share champ last earnings period. But I believe that this time in the markets is an opportunity to sort out the good analyst from the wanna be's. Stay tuned and I will...
