Bitcoin – Is The Downtrend At An End?

By | January 20, 2018

We’ve charted the decline in the price of Bitcoin since the beginning of the year, and it has not been pretty. But over the last several days some very constructive technical work has been accomplished on the 30 minute chart, which could suggest that the trend might be at an end. After the “flash crash”… Read More »

Two Ways To Play An Increase In Interest Rates

By | January 18, 2018

Most economists polled by the Wall Street Journal expect that interest rates are headed higher this year and into next year. The economists expected the central bank to raise rates three times this year and twice in 2019, which is consistent with the Federal Reserve’s own projections. The ProShares UltraShort 7-10 Year Treasury ETF (PST)… Read More »

Facebook Wants More Cat Pics And Less Ads

By | January 12, 2018

Facebook (FB) opened in the regular trading session this morning by moving sharply lower. Shares began the day right about the same level they began trading at beginning of the year. The reason for the drop in price was the company’s announcement of changes to its news-feed. These changes they say, are designed to encourage… Read More »

Bitcoin Price Is Preparing To Make A Big Move – Watch This Pattern

By | January 11, 2018

The horizontal support line and the downtrend line we highlighted earlier today, continue to contain the price action on the 30 minute Bitcoin chart. (follow @rightviewrob on Twitter for updates) As a result a declining triangle pattern has formed above the support line. Price range is compressing and periods of diminishing volatility like this, are… Read More »

Consumer Staple Stocks Stalling – Setting Up Short Shot?

By | January 11, 2018

Many of the consumer staples sector stocks have not participated in the strength in the broader market this week. In fact, in today’s trading several moved below key levels of technical trend line support, closing near their lows of the session. These well-defined early breakdowns offer good risk/reward entry points. But short positions are particularly… Read More »