Take a look at this chart of the S&P 500...
Here's what I see:
-The 21-day MA has crossed below the 50-day (bearish)
-The 50-day MA appears to be turning down (bearish)
-The 200-day MA is acting as support right now, but has seemingly flattened out (neutral)
-The price action has dropped convincingly below the bollinger bands (bearish)
-The trading channel of the past 4 or 5 months has given way to the downside (bearish)
-The latest round of QE to infinity was sold off pretty quickly (bearish)
I don't necessarily plan to do anything about it, but it's worth taking note of.
Broken Money
The subtitle is Why Our Financial System is Failing Us and How We Can Make it Better , and the author is Lyn Alden (2023). I feel like I hav...
-
Are when the contrarian should think about buying. And so I tried. Some AUY LEAPS (filled) and a small mining services company that I like...
-
I came across this really interesting chart regarding 2013 and 2014 EPS forecasts by region and globally. Note the very pronounced move fr...
-
When I told my son last night that KD and Kyrie were heading to Brooklyn, he said "I hate the Nets" and stormed out of the room. ...
