Ending on Friday, the third quarter was BRUTAL to say the least. Most major averages are down nearly 14% over the last three months, all while volatility has spiked and remains at a very high level. The S&P 500 saw a beautifully executed head and shoulders pattern in July which sent shares lower and... Read more
Posts Tagged ‘Head And Shoulders’
LAST CALL FOR OPTIMISM: ENTER Q4
October 2 | Posted by Kevin Monaghan | Top Story Tags: Channel Trading, Currency Risk, DFS, Discover Financial Services, Emerging Markets, FDX, Fedex, Head And Shoulders, Interest Rates, Nike, NKE, Range Bound Trading, RMB, S&P500, Stock Charts, Technical Trade, Term Deposit
The Beginning Of The Great Recession Part II
August 4 | Posted by Kevin Monaghan | Top Story Tags: 200 Day Moving Average, Bear Market, Bearish, Ben Bernanke, Debt, Fed, GDP, Great Depression, Head And Shoulders, Recession, S&P 500, SPY, Technical Trade, US DebtThe markets have been patient with the political turmoil in Washington… until last week. The markets have now shifted their focus to the softer economic reports and are selling off on the worse than expected numbers. GDP numbers were horrible and the debt debate (/debacle) did nothing to instill confidence that Washington can... Read more
