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inthemoneystocks posted a blog postThe stock market is taking a beating today as money runs for the exits. The SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is trading at $161.51, -2.05 (-1.26%). The signals were there as the big institutions unloaded. Most average investors missed the signals because they are not educated in market related analysis. I will explain it all and show how you knew this sell off was coming. It is ridiculously easy.
The signal occurred exactly three weeks ago today. On Wednesday, May…
ContinuePosted on June 5, 2013 at 2:09pm
The stock market has surged sharply higher since the fiscal cliff vote in the United States in early January. The bulls have run wild at the start of the new year. Many talking heads in the financial media have now started to say that money is coming into stocks instead of the usual mutual fund outflows that have been occurring since 2008. Often, when the public starts to get excited about the stock market it is time for a correction to occur in the markets.
Many professional…
Posted on January 24, 2013 at 12:45pm
Chevron Corporation (NYSE:CVX) is trading at $115.43, +1.46 (1.28%). The key to this price point is the gap window. Note the chart below. Generally, stocks will see a pull back off gap window prior to going to gap fill which is at $117.35.
Considering a proprietary time count is seen here as well, there is a solid chance of a pull back in the next few days.
Gareth…
Posted on January 17, 2013 at 2:06pm
Apple Inc. (NASDAQ:AAPL) has started to fall again, trading at $527.06, -15.04 (-2.77%). Many investors and analysts are perplexed, wondering whether it is headed to new 52 week lows, below $500.00 per share. The charts tell the truth and will be explained below.
Note the bottoming tail on November 16th, 2012. That was the low pivot in the second half of 2012 and even though the price was retested and pierced, it never closed below that low. This puts a line in…
Posted on January 4, 2013 at 1:14pm
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