The stock market was pretty much in correction from August till the end of October. However, November has erased all the losses pretty much retracing 100% back. This rally was quite quick and thus, we shall expect a short-term pullback before going up again. The price hit its current resistance level around 4600 and now…
DetailsEnergy Sector is currently experiencing a symmetrical triangle pattern. This sector is the best performing one for many months, so it’s worth to check the pattern. Looking at below picture, the price is completing a triangle pattern a sooner or later it pierces through one or the other blue line. When the price goes up,…
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Gold is a fantastic hedge when market is facing various cases of uncomfortable truths bracing troubled economies. We’ve been in a bull gold market for 6 years, however, the price is now going sideways. Considering the FED is increasing the rates big time, the real inflation is not going to be significant enough for gold…
DetailsThere is a lot of news about inflation, FED’s rate hike or war, which surely have an impact current stock market. However, before going to the details and complex elaborations, here is simple view for an ordinary investor to decide whether to start buying shares again or no. Without analyzing these topics, this chart is…
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Yes, today we are having the election of the president in the United States of America! Whoever wins, the stock market is playing its own game anyway. Therefore, let’s have a look at current setup and then see how it revolves. When looking at a daily chart of S&P500, the price is trying to claim…
DetailsThe US stock market has been experiencing a correction since its peak at the beginning of September. Thus, it is always a great idea to take an advantage of lower prices and enter the pool of buyers. However, how can you know when is right time? People are all about finding the bottoms to maximize…
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Gold is in a bull market, no doubt about that. It is experiencing its Level 2 of the market cycle. To know more about gold, see my yesterday’s article which is a view on the price of gold in both the short and long term. This post is focused specifically on three stock picks of…
DetailsThe market has recently pulled back and unfortunately its support did not hold, which increases a likelihood of further dip. As you can see below, the S&P 500 crashed its support level ( orange line ) and will now search for new support. I don’t know if it’s going to be one of the moving…
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After a stock market crash in March, the investors are now afraid of everything. While bulls are hoping for V-type of recovery rationalizing the power of quantitative easing, the bears are explaining the future price curve with disappointing upcoming statistics. I am going to focus on what is certain and what is doing better than…
DetailsWhile a search for the right cannabis stock is just dismay these days, there is a company that holds well during the hard times and will capitalize well once the overall sector explodes again. Innovative Industrial Properties (IIPR) is showing both fundamental and technical strength. IIPR is a real estate company focused on acquisition, ownership,…
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