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 ‘Technical Trade’
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
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 DepositEnding 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
Is Priceline.com Priced Out?
September 15 | Posted by Kevin Monaghan | Top Story Tags: 200 Moving Average, 50 Day Moving Average, Airlines, Channel Trading, GOOG, Google, Google Flights, Online Bookings, Priceline.com, Technical Trade, Travelzoo.comShares of Priceline.com (PCLN) have taken off in the last 8 years. Shares were trading under $10.00 in 2003, and are now flying high at over $500.00 today. The company continues to report great revenues at home and abroad, but can they keep growing at the feverish pace they have been… … …... Read more
Gold Shows No Sign Of Slowing Down – Plenty Of Upside To Come
August 8 | Posted by Kevin Monaghan | Top Story Tags: GG, GLD, Gold, Gold Chart, IAU, Precious Metals, Silver, SLV, Stock Charts, Support & Resistance, Technical TradeWe took a look at the charts for Gold and Silver to see what we thought the future holds for these precious metals. Since Gold and Silver currently have no problem with demand, we turned to the technical charts to see where 2012 prices would land. GOLD 2012: $1,925 We give Gold a $1,925 price... Read more
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
