Emerging Weakness In Emerging Markets ETF

By | December 12, 2017

The steady move higher in the iShares Emerging Markets ETF (EEM) this year is faltering. A regular series of higher highs and higher lows ended this month, when the EEM closed below its October low last week. The fund was able to bounce back above that low and briefly recapture a four month uptrend line,… Read More »

Facebook Needs to Hold This Support Level

By | December 12, 2017

On Monday last week, Facebook (FB) shares opened sharply lower, taking out their 50 day moving average and forming a large dark candle on the daily chart. The next day they attempted to rebound but couldn’t hold their highs, and faded back to mid-range, forming a high-wick candle. On Wednesday, they were able to recover… Read More »

Head And Shoulders Top In The Financials?

By | November 22, 2017

Federal Reserve Chair Janet Yellen said yesterday that she is ‘very uncertain’ about the path of inflation: “My colleagues and I are very uncertain that it [weak inflation] is transitory.” Their inability to stimulate inflation numbers is obviously problematic for the Federal Reserve. While the trajectory of the “dot plot” has not been a concern… Read More »

When The Holiday Spirit Fades These 3 Stocks Could Be In Trouble

By | November 22, 2017

These three stocks have not participated in the holiday inspired strength in the stock market this week. This lack of participation is highly suspicious and suggests that when the “spirit” fades they will be headed lower. A large bearish engulfing candle formed on the General Cable (BGC) daily chart. The stock closed near its low… Read More »