Posted on 05/11/2018 3:10:33 PM PDT by davikkm
Two weeks ago, I wrote an article explaining why I thought the stock market would have one more major rally before the end of this economic cycle. In that article, I explain that jobless claims are still shrinking, the yield curve is still flattening, and investor sentiment is not euphoric. All of these can be thought of as bullish in the short to medium-term. This week, we continued to get bullish signs (technically and fundamentally) and might be about to go on a quick ride upward.
Here is what the stock market looked like two weeks ago:
The price was being compressed within a standard triangle pattern. These patterns can be bullish or bearish depending on which side the price breaks. Fortunately for my thesis and asset positioning, the pattern broke to the upside this week. Now I am looking for price to retest the pattern and then continue to the upside. I am also looking for volume to rise to confirm the breakout. Below is an image of what may unfold.
(Excerpt) Read more at investmentwatchblog.com ...
Are you to writer?
Sorry...”the” writer?
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Its time for the prognosticators to shut their yaps!
We are entering the least stable era of all time; the time known Biblically as “The Sixth Seal.”
He who predicts economic events in such unproven times can only become a fool..
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We love our “Bloggers.” (?)
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Oh....and you are predicting also?
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I am predicting that predicting specific things is a recipe for embarrassment at the very least!
We have been warned in writing by Yehova that certain things must come to pass.
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Astrology for the pocket-protector crowd.
He who predicts economic events in such unproven times can only become a fool..
You nor I know the end......
You seem to think you know the end..........I think I don't know the end...
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Yehova told us the end 2000 years ago.
If you choose not to believe him, that is your problem, not mine.
There are many that wish not to know, and jump on misunderstood Hebrew idioms to support their unsupportable nonsense, but Yeshua definitely told his disciples exactly what day of the Biblical year he would return for them: The Day of Trumpets.
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The stock I own is Nvidia - NVDA
It has gone up almost $40 in the 2-3 weeks.
They had great earnings report last Thursday. Up 66% etc
So naturally Wall Street dropped the stock $5 a share....
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