In the last few weeks, many markets around the world have been testing major support levels. For example, 4 weeks ago the S&P 500 was trading at levels that suggested the markets could to break to the downside. Just as it looked like a recession was imminent; they wound up surging over the... Read more
Posts Tagged ‘Support’
Do Technical Charts Even Mean Anything In Shanghai?
October 21 | Posted by Kevin Monaghan | Inside Trader Highlights Tags: China Markets, Commodities, Composite Exchange, Hard Landing, Shanghai Index, Support, Technical Trade
Under Armour (UA) Shares Soar 533%! Is It Time To Go Short?
July 4 | Posted by Kevin Monaghan | Top Story Tags: AU, Earnings Report, Nike, NKE, Profits, Resistance, Short Sale, Short Trade, Stock Alert, Stock Charts, Support, Technical Trade, Under ArmourUnder Armour (UA) shares have had a spectacular bull run from about $12.50 to the current $79.23 (up 533%). Can the run continue… maybe? However we’re starting to think the upside potential is getting ahead of itself. The company releases its quarterly earnings report this month and while they will show year over... Read more
