The NASDAQ Composite has seen some wild action over the last couple of months. From a precipitous fall ending on Christmas eve to a rally that just won’t quit. Back in October 2018 I started sounding the warning horns that a long-term correction was probable. Almost all stocks I cover […]
I last talked about bank stocks on January 3, 2019 – this was one of my last updates before my hiatus. Specifically I was talking about the Financial Select Sector SPDR ETF, ticker symbol XLF. I use the charts from this ETF as a general guide for individual bank charts. […]
Creating a Stock Wish List
It’s time for the holidays and discounts! Electronics and other gift items aren’t the only thing on sale during the holidays. It appears some stocks are trading at discounts as well! So let’s go bargain hunting and start creating a stock wish. During a bear market like we are currently […]
This is a Trendy Stock Charts NASDAQ Composite High Risk Alert! All gains from the previous follow-through day have been erased and a possible drastic move to the downside is setting up. We will get to the details in 3 different charts below. Consider this a follow-up to this previous […]
This article will focus on calculating reversal areas using Fibonacci tools. I will use a variety of Fibonacci charting tools to calculate potential support and reversal areas in case of a continued market pullback. I look at long-term charts for Apple (AAPL), Facebook (FB) and Tesla (TSLA) in this article. Hopefully […]
The Uptrend Is Over So what has caused the market to sell off in the “best” calendar month of the year? Let’s cut to the chase. The uptrend is over for the NASDAQ Composite. There was no significant news that I heard of to start this sell-off. Several weeks ago […]
The Federal Reserve Bank raised interest rates by 250 basis points last week. In percentage terms, that calculates to a .25% raise in the rate. Basis points terminology is widely used when talking about changes of less than one percent. As a result, this terminology is often used when discussing […]
Long-Term Trends for FANG Stocks With September coming to a close, what better time to analyze the long-term trends for FANG stocks using monthly candlestick charts. I use monthly candlesticks to analyze and determine the long-term trends, weekly candlesticks to confirm my monthly candlestick analysis, and daily candlesticks to execute […]
3M Corporation (MMM) This update will focus on any long-term trends or chart patterns for 3M Corporation (MMM). MMM was one of a few different requests last week. The 3M Corporation makes a range of products, ranging from adhesives & post-it notes to automotive and industrial cleaners. Without realizing it until […]
Whirlpool Corporation (WHR) Stock Chart Analysis A member request came through the Idea Chamber last week for WHR. This Whirlpool Corporation (WHR) stock chart analysis will start by focusing on the long-term trend. I will then use shorter-term charts to monitor and for confirmation of the longer-term trend identified. This heavy […]
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