The last 2 weeks we've seen a bounce in the markets, best one in a number of years. The question is? Will it stick or is this a, dare I say it, dead cat bounce?
It's too early to say. The 30 week moving averages have not turned up yet. Be wary.
The government shutdown is not helping matters.
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I read the tape, not the news!
Tuesday, January 22, 2019
Tuesday, January 8, 2019
Stock Market Update: January 7 2019
We saw a bounce last week in the markets, but don't let that fool ya, we are still in stage 4.
Everyone if freaking out over Apple's decline and sales decline forecast. A good article on it by John Murphy can be found over at StockCharts. A look at Apple's aapl chart shows it is in a Stage 4 decline. Personally, I like their products, but think the exorbitant price tag on the latest phone is ridiculous!
Happy New Year!
Everyone if freaking out over Apple's decline and sales decline forecast. A good article on it by John Murphy can be found over at StockCharts. A look at Apple's aapl chart shows it is in a Stage 4 decline. Personally, I like their products, but think the exorbitant price tag on the latest phone is ridiculous!
Happy New Year!
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