Don’t look now, but COMP is approaching our 6760 target. As we discussed on Oct 10 [see: Plan B] COMP faced significant downside if its 200-DMA didn’t hold. Bottom line, it didn’t. It was off as much as 13.3% last month before beginning a bounce that was destined to fail. Next week, it will get … continue reading →
Tag Archives: invest
A quick update on AAPL, which has reached two of our downside targets today… As we discussed prior to AAPL’s earnings report [see: All Eyes on AAPL] the stock had a gap to close and 200 DMA to backtest. The danger in reaching both targets was that AAPL would have to descend below the triangle … continue reading →
After allowing a six-session slump (that saw SPX nail our downside target), The Powers That Be can be forgiven for insisting on an overnight ramp job.Last night, it was USDJPY pushing through horizontal resistance, VIX getting clobbered through three separate moving averages, and oil continuing a nice bounce off our 48.63 target. It should be enough … continue reading →
Note: Final 24 hours for our celebratory Membership Special. Annual memberships, normally $1,750, are being offered for only $640.42, less than $2/day for daily forecasts and live, intraday market commentary geared to helping you avoid and even profit from the volatility we’re seeing. For more details and to sign up, CLICK HERE. * * * … continue reading →