Not exact matches
(Palihapitiya's presentation did not
move Tesla's stock price, which ended the
day slightly
down.)
You can keep operations going and
move ahead with
day - to -
day business activities without having to waste time chasing
down customers with unpaid invoices and tying up your capital in accounts receivables.
The S&P 500 also closed
down more than 7 percent from an all - time high set last month and broke below its 50 -
day moving average, a key technical level.
The common assumption is that one
day, interest rates will
move higher and never come back
down.
The glory
days were over, and the sixth instalment sold only a fifth as many games as Guitar Hero 5 in its first week, and Activision shut
down Guitar Hero operations in February, laying off 500 people and saying the
move was «due to continued declines in the music genre.»
When examining the SMH on an absolute basis, one can see its 14 percent decline since March has taken it
down to its 200 -
day moving average, and
down near its February lows.
The
move, which would dramatically pare
down federal regulations on small businesses (earlier in the
day, Trump told reporters he wants to eliminate «a little more than 75 percent» of the current regulations), is not unexpected — Trump included the executive order in his plan for his first 100
days in office.
There is no way that the velocity of these
moves, both up and
down, can last beyond a few
days past the election,» Cramer said.
Make sure you understand the options you'll have
down the road if and when the
day comes to
move on, and you may find that some of the anxiety of starting your journey into franchise ownership subsides.
The stocks
move up,
move down,
day by
day.
We see the
move as related to global emerging markets, where the MSCI EM index is
down for the third
day in a row and the largest EM ETF saw $ 320 million of outflows yesterday following $ 550 million the previous
day, said Mohamad Al Hajj, head of MENA equity strategy at EFG - Hermes.
While Lyft's attempt to raise awareness about the gender wage gap echoes similar corporate
moves that capitalize on these national awareness
days, the company has recently doubled
down on efforts to fix its own pay parity issues.
$ 1307 - 10 — five bottoms — 3/16, 3/19, 3/20, 3/21 and 4/30 lows $ 1312 — 5/2 high $ 1315 — double bottom — 4/26 and 4/27 lows $ 1319 — 4/25 low $ 1323 — 100 -
day moving average $ 1321 - 23 — quadruple bottom, 3/29, 4/5, 4/6 and 4/23 low $ 1324 - 25 — double top, 4/27 and 4/30 highs $ 1325 — options $ 1329 — 50
day moving average $ 1331 — 40
day moving average $ 1332 — 20 -
day moving average $ 1332 - 33 — double top - 4/24 and 4/25 highs $ 1335 — 4/23 high $ 1334 - 35 triple bottom — 4/12, 4/13, and 4/20 lows $ 1335 — 50 % retracement of
down move from 1/25 $ 1366 high to 3/1 $ 1303 low $ 1337 — up trend line from 12/12 $ 1236 low $ 1338 — 4/17 low $ 1341 — 4/19 low $ 1345 —
down trendline from 8/2013 weekly chart $ 1346 — 4/20 high $ 1350 — options $ 1350 —
down trendline from 1/25/18 $ 1366 high $ 1355 - 57 — quadruple top, 3/26, 3/27, 4/18, and 4/19 highs $ 1365 —
down trendline from 7/6/16 $ 1375 high $ 1365 - 67 — 6 tops 4/11, 1/25, 8/2/16, 8/3/16, 8/4/16, and 8/5/16 highs $ 1375 — 7/6/16 high $ 1388 - 89 — double top 3/16/14, 3/17/14 highs
Nevertheless, unless leading stocks begin breaking
down below their 50 -
day moving averages en masse, we are not concerned about a healthy pullback and normal sector rotation in the market.
The newfound bullish momentum is not a surprise for Fundstrat Global Advisors analyst Tom Lee, who said that tax filings were bringing the cryptocurrency market
down and «Tax
Day» would eventually trigger an upside
move...
Another market leader, LinkedIn ($ LNKD), is not on the list above, but the stock has already broken
down below key intermediate - term support of its 50 -
day moving average.
The index is
down to its 200
Day Moving Average
It is this knowledge that prompted our short sale of gold as it bounced into resistance of its 20 -
day exponential
moving average, then started heading back
down.
Goldcorp closed at $ 16.70 on Monday,
down 9.8 % year to date, with the stock below its 50 -
day and 200 -
day simple
moving averages of $ 17.78 and $ 20.10, respectively.
$ 1319 — 4/25 low $ 1322 — 100 -
day moving average $ 1321 - 23 — quadruple bottom, 3/29, 4/5, 4/6 and 4/23 low $ 1324 - 25 — double top, 4/27 and 4/30 highs $ 1325 — options $ 1332 — 50
day moving average $ 1332 — 40
day moving average $ 1332 - 33 — double top - 4/24 and 4/25 highs $ 1334 — up trend line from 12/12 $ 1236 low $ 1335 — 4/23 high $ 1334 - 35 triple bottom — 4/12, 4/13, and 4/20 lows $ 1335 — 50 % retracement of
down move from 1/25 $ 1366 high to 3/1 $ 1303 low $ 1335 — 20 -
day moving average $ 1338 — 4/17 low $ 1341 — 4/19 low $ 1345 —
down trendline from 8/2013 weekly chart $ 1346 — 4/20 high $ 1350 — options $ 1350 —
down trendline from 1/25/18 $ 1366 high $ 1355 - 57 — quadruple top, 3/26, 3/27, 4/18, and 4/19 highs $ 1365 —
down trendline from 7/6/16 $ 1375 high $ 1365 - 67 — 6 tops 4/11, 1/25, 8/2/16, 8/3/16, 8/4/16, and 8/5/16 highs $ 1375 — 7/6/16 high $ 1388 - 89 — double top 3/16/14, 3/17/14 highs
$ 1321 - 23 — quadruple bottom, 3/29, 4/5, 4/6 and 4/23 low $ 1325 - options $ 1330 — up trend line from 12/12 $ 1236 low $ 1332 — 40
day moving average $ 1332 - 33 — double top - 4/24 and 4/25 highs $ 1333 — 50
day moving average $ 1335 — 4/23 high $ 1334 - 35 triple bottom — 4/12, 4/13, and 4/20 lows $ 1335 — 50 % retracement of
down move from 1/25 $ 1366 high to 3/1 $ 1303 low $ 1337 — 20 -
day moving average $ 1338 — 4/17 low $ 1341 — 4/19 low $ 1345 —
down trendline from 8/2013 weekly chart $ 1346 — 4/20 high $ 1350 — options $ 1352 —
down trendline from 1/25/18 $ 1366 high $ 1355 - 57 — quadruple top, 3/26, 3/27, 4/18, and 4/19 highs $ 1365 —
down trendline from 7/6/16 $ 1375 high $ 1365 - 67 — 6 tops 4/11, 1/25, 8/2/16, 8/3/16, 8/4/16, and 8/5/16 highs $ 1375 — 7/6/16 high $ 1388 - 89 — double top 3/16/14, 3/17/14 highs
Perhaps the best - case scenario is simply for the S&P 500 to hold at convergence of its recent low and 50 -
day moving average, which may actually be a tall order if the NASDAQ continues to sell off and weigh the broad market
down.
For the sake of brevity, we will skip analysis of the Dow Jones SPDR ETF ($ DIA) because both its daily and weekly chart patterns are quite similar to SPY above (broke
down firmly below its 50 -
day moving average yesterday, and is also coming into support of its year - long uptrend line).
$ 1325 - options $ 1330 — up trend line from 12/12 $ 1236 low $ 1331 — 4/10 low $ 1332 — 40
day moving average $ 1333 — 50
day moving average $ 1335 — 4/23 high $ 1334 - 35 triple bottom — 4/12, 4/13, and 4/20 lows $ 1335 — 50 % retracement of
down move from 1/25 $ 1366 high to 3/1 $ 1303 low $ 1338 — 4/17 low $ 1349 — 20 -
day moving average $ 1341 — 4/19 low $ 1345 —
down trendline from 8/2013 weekly chart $ 1346 — 4/20 high $ 1350 — options $ 1352 —
down trendline from 1/25/18 $ 1366 high $ 1355 - 57 — quadruple top, 3/26, 3/27, 4/18, and 4/19 highs $ 1365 —
down trendline from 7/6/16 $ 1375 high $ 1365 - 67 — 6 tops 4/11, 1/25, 8/2/16, 8/3/16, 8/4/16, and 8/5/16 highs $ 1375 — 7/6/16 high $ 1388 - 89 — double top 3/16/14, 3/17/14 highs
Yamana Gold closed at $ 2.96 on Monday,
down 26.4 % year to date, with the stock below its 50 -
day and 200 -
day simple
moving averages of $ 3.54 and $ 4.17, respectively.
The PowerShares QQQ Trust ($ QQQ), which tracks the Nasdaq 100 Index, has convincingly broken
down below key intermediate - term support of its 50 -
day moving average and is technically in bad shape.
The
move also comes as another fast food giant, McDonald's, is honoring the
day by turning its iconic golden arches in the shape of an M upside
down so it becomes a W for women.
Dropping
down to the shorter - term daily chart interval, we also see a tight base of consolidation trading around the 50 -
day moving average, with two higher lows in early and late December.
Despite the gain, FB is
down almost 15 % from its all - time high and its current price point lags behind the 50 -
day and 200 -
day moving averages.
The Nasdaq 100 doesn't have to lead the broad market higher, but we certainly do not want the price to break
down below the 50 and 200 -
day moving averages (teal and orange lines, respectively, on the chart above).
My favorite type of short setup is when a recent leadership stock breaks
down on the weekly chart, then begins to set «lower highs» and «lower lows» beneath its 10 - week
moving average (similar to the 50 -
day moving average).
After just a one -
day bounce off its lows on November 1, the Nasdaq 100 Index ($ NDX) plunged right back
down to pivotal, long - term support of its 200 -
day moving average just one
day later.
Drilling
down to the daily chart interval below, we see the 50 -
day moving average (teal line) now trading above the 200 -
day moving average (orange line), and both indicators are
moving higher.
$ 1335 — 50 % retracement of
down move from 1/25 $ 1366 high to 3/1 $ 1303 low $ 1334 - 35 triple bottom — 4/12, 4/13, and 4/20 lows $ 1333 — 50
day moving average $ 1332 — 40
day moving average $ 1331 — 4/10 low $ 1328 — up trend line from 12/12 $ 1236 low $ 1321 — double bottom, 3/29 and 4/6 lows $ 1318 — 100 -
day moving average $ 1313 - 15 — quadruple bottom, lows 3/2, 3/9, 3/12, 3/13 $ 1307 - 10 — quadruple bottom — 3/16, 3/19, 3/20, and 3/21 lows $ 1303 — 3/1 low $ 1302 — 200 -
day moving average $ 1302 — 1/1 low $ 1301 — 50 % retracement of up
move from 12/12/17 $ 1236 low to 1/25/18 $ 1366 high $ 1300 — psychological level, options $ 1294 — 12/29 low $ 1287 — 12/28 low $ 1281 — 12/27 low
$ 1319 — 4/25 low $ 1320 — 100 -
day moving average $ 1321 - 23 — quadruple bottom, 3/29, 4/5, 4/6 and 4/23 low $ 1325 - options $ 1332 — 40
day moving average $ 1332 — 50
day moving average $ 1332 - 33 — double top - 4/24 and 4/25 highs $ 1333 — up trend line from 12/12 $ 1236 low $ 1335 — 4/23 high $ 1334 - 35 triple bottom — 4/12, 4/13, and 4/20 lows $ 1335 — 50 % retracement of
down move from 1/25 $ 1366 high to 3/1 $ 1303 low $ 1337 — 20 -
day moving average $ 1338 — 4/17 low $ 1341 — 4/19 low $ 1345 —
down trendline from 8/2013 weekly chart $ 1346 — 4/20 high $ 1350 — options $ 1352 —
down trendline from 1/25/18 $ 1366 high $ 1355 - 57 — quadruple top, 3/26, 3/27, 4/18, and 4/19 highs $ 1365 —
down trendline from 7/6/16 $ 1375 high $ 1365 - 67 — 6 tops 4/11, 1/25, 8/2/16, 8/3/16, 8/4/16, and 8/5/16 highs $ 1375 — 7/6/16 high $ 1388 - 89 — double top 3/16/14, 3/17/14 highs
Yes, we have seen a few market leaders break
down, such as 3d Systems Corp ($ DDD) or Ocwen Financial Group ($ OCN), but the majority of leading individual stocks are still holding above their 50 -
day moving averages and trending higher (or forming bullish basing patterns).
$ 1338 — 4/17 low $ 1340 — 20 -
day moving average $ 1341 — 4/19 low $ 1345 —
down trendline from 8/2013 weekly chart $ 1346 — 4/20 high $ 1350 — options $ 1352 —
down trendline from 1/25/18 $ 1366 high $ 1355 - 57 — quadruple top, 3/26, 3/27, 4/18, and 4/19 highs $ 1365 —
down trendline from 7/6/16 $ 1375 high $ 1365 - 67 — 6 tops 4/11, 1/25, 8/2/16, 8/3/16, 8/4/16, and 8/5/16 highs $ 1375 — 7/6/16 high $ 1388 - 89 — double top 3/16/14, 3/17/14 highs
Last month, $ EEM convincingly broke
down below support of a long - term uptrend line, and is now bouncing into new resistance of that prior support line (which is also converging with resistance of its declining 50 -
day moving average).
If it does, bearish momentum could quickly spark a sell - off
down to the 50 % Fibonacci retracement level (just above 4,200), which roughly converges with support of the 40 - week / 200 -
day moving average.
-- Year to date, global equities have experienced 17
days with a greater than 1 %
move up or
down, versus just three in 2017.
Whether the next
move is up or
down, we should know within hours or
days.
We believe that we can observe this presence in recent market
down days, when mysterious rallies occur as indices approach dangerous technical levels defined by conventional
moving averages.
In the process of today's decline, the Russell 2000's 50 -
day moving average (DMA) crossed
down below its 200 - DMA.
This occurrence ultimately weighed
down on the market place and the euro dropped under its 200 -
day moving average of $ 1.2830.
I recently added some more shares to my existing holdings, so this
move down just the
day after my additions looks scary to me.
$ 1314 — 5/2 high $ 1315 — double bottom — 4/26 and 4/27 lows $ 1318 — 5/3 high $ 1319 — 4/25 low $ 1324 — 100 -
day moving average $ 1321 - 23 — quadruple bottom, 3/29, 4/5, 4/6 and 4/23 low $ 1324 - 25 — double top, 4/27 and 4/30 highs $ 1325 — options $ 1329 — 50
day moving average $ 1330 — 40
day moving average $ 1332 — 20 -
day moving average $ 1332 - 33 — double top - 4/24 and 4/25 highs $ 1335 — 4/23 high $ 1334 - 35 triple bottom — 4/12, 4/13, and 4/20 lows $ 1335 — 50 % retracement of
down move from 1/25 $ 1366 high to 3/1 $ 1303 low $ 1337 — up trend line from 12/12 $ 1236 low $ 1338 — 4/17 low $ 1341 — 4/19 low $ 1345 —
down trendline from 8/2013 weekly chart $ 1346 — 4/20 high $ 1350 — options $ 1350 —
down trendline from 1/25/18 $ 1366 high $ 1355 - 57 — quadruple top, 3/26, 3/27, 4/18, and 4/19 highs $ 1365 —
down trendline from 7/6/16 $ 1375 high $ 1365 - 67 — 6 tops 4/11, 1/25, 8/2/16, 8/3/16, 8/4/16, and 8/5/16 highs $ 1375 — 7/6/16 high $ 1388 - 89 — double top 3/16/14, 3/17/14 highs
$ 1332 — 40
day moving average $ 1333 — 4/24 high $ 1333 — 50
day moving average $ 1335 — 4/23 high $ 1334 - 35 triple bottom — 4/12, 4/13, and 4/20 lows $ 1335 — 50 % retracement of
down move from 1/25 $ 1366 high to 3/1 $ 1303 low $ 1338 — 4/17 low $ 1338 — 20 -
day moving average $ 1341 — 4/19 low $ 1345 —
down trendline from 8/2013 weekly chart $ 1346 — 4/20 high $ 1350 — options $ 1352 —
down trendline from 1/25/18 $ 1366 high $ 1355 - 57 — quadruple top, 3/26, 3/27, 4/18, and 4/19 highs $ 1365 —
down trendline from 7/6/16 $ 1375 high $ 1365 - 67 — 6 tops 4/11, 1/25, 8/2/16, 8/3/16, 8/4/16, and 8/5/16 highs $ 1375 — 7/6/16 high $ 1388 - 89 — double top 3/16/14, 3/17/14 highs
It recently broke
down through the 200 -
day moving average after the breakup of two major telecom deals, and has not been able to recover above this mark, though it is testing it currently.
Crude oil prices are clearly trading above their 20 and 100 -
day moving average as this has now become one of the strongest trends in 2018 as I think this will start to support the precious metals and the agricultural market
down the road.
$ 1307 - 10 — five bottoms — 3/16, 3/19, 3/20, 3/21 and 4/30 lows $ 1315 — double bottom — 4/26 and 4/27 lows $ 1319 — 4/25 low $ 1322 — 100 -
day moving average $ 1321 - 23 — quadruple bottom, 3/29, 4/5, 4/6 and 4/23 low $ 1324 - 25 — double top, 4/27 and 4/30 highs $ 1325 — options $ 1330 — 50
day moving average $ 1331 — 40
day moving average $ 1332 - 33 — double top - 4/24 and 4/25 highs $ 1334 — 20 -
day moving average $ 1336 — up trend line from 12/12 $ 1236 low $ 1335 — 4/23 high $ 1334 - 35 triple bottom — 4/12, 4/13, and 4/20 lows $ 1335 — 50 % retracement of
down move from 1/25 $ 1366 high to 3/1 $ 1303 low $ 1338 — 4/17 low $ 1341 — 4/19 low $ 1345 —
down trendline from 8/2013 weekly chart $ 1346 — 4/20 high $ 1350 — options $ 1350 —
down trendline from 1/25/18 $ 1366 high $ 1355 - 57 — quadruple top, 3/26, 3/27, 4/18, and 4/19 highs $ 1365 —
down trendline from 7/6/16 $ 1375 high $ 1365 - 67 — 6 tops 4/11, 1/25, 8/2/16, 8/3/16, 8/4/16, and 8/5/16 highs $ 1375 — 7/6/16 high $ 1388 - 89 — double top 3/16/14, 3/17/14 highs