What does that tell you? It tells me this is the scariest market ever. And just today the news came out that the creator of the Hindeburg Omen passed away in an accident. How ironic is that?
If it does not close the week (Friday) over about $71.60-$71.70, it may be a short, but I personally wouldn't go short. I have no position in First Solar, but I wouldn't go long at this point because it may be in the process of forming a head and shoulders formation. For that to be negated, it will depend on how it closes the week.
I'm just looking for trading opportunities, as everything in the market is so overbought.
Does this sound familiar? It should, because this was a typical post back in early 2000. This time is not different, as we'll all find out at some point, no one knows when.
They tried to sell the news, which was great news. I think the stock will recover some of yesterday's move today through Friday.
I agree.....there's a weird sense of calm....the indices haven't moved at all in hours......one sell program may be all it takes.....
Yes, the hammer was easy to see at support on the weekly chart, which was more compelling...... But not with a parabolic V shaped move without stopping to let people off the bus. That's a recipe for disaster, and many will find out for the first time the hard way.
Maybe you're right, a slow burn. It will take time to wipe out the unsuspecting dip buyers.
I've given up trying to figure this out. Listen, I get a good stock market with an improved economy. What a don't get is a market that doesn't back and fill, correct, let go of the excesses, etc. Technically this latest move makes no sense at all. I honestly believe there will be a market crash before the end of the October this year.
No one wants Yelp as part of their acquisition strategy for a lot of reasons.
He says to sell stocks on any strength, except for health care and biotech, which he said will not be affected by geopolitics, corporate margin compression, the Fed, or slow revenue growth.
Everybody look what's going down.....and hopefully it's the stock market at some point.....
The talking heads will cite historical trends in the market, that's all they have. They use the term seasonality to their advantage. The market could continue to go up in Aug and Sept, right through Oct. Then they'll tell you because of strong seasonality, Nov.-Jan. is the best time of the year to buy stocks. It's all BS, they create their own self-fulfilling prophecy.
How about this for a strong argument? The weekly chart says the stock is heading back up to $142-$145 next week. Who needs fundamentals when you have technicals?
And I figured you for a liberal, was I ever wrong! So we have that in common! How goes it lady? Where's our real correction already?
And then no one will stay short over the weekend, so we'll have a follow through day Monday. It's fun watching the shorts squirm.