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A Technical Look At Weight Watchers: Support At Last?
2018 Dec 17, 1:07pmRead More...Weight Watchers International, Inc. (NASDAQ: WTW) is down more than 50 percent from its June high, and spokesperson and investor Oprah Winfrey has taken some of the heat for the decline. A Winfrey spokesperson denied last week’s New York Post report that Oprah may be dialing back her role at...
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Is AMD A Top Idea For 2019? This Chart Is Saying 'Wait Before You Buy'
2018 Dec 11, 1:43pmRead More...Summary: Advanced Micro Devices, Inc. (NASDAQ: AMD) traded 3 percent higher on Tuesday morning, after a financial analyst identified it as one of the top investment ideas for next year. This might be correct however based on its market cycles, we believe that patience will pay off in building...
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How The Drama Surrounding Bitcoin Satoshi's Vision Is Impacting Its Price Action
2018 Dec 10, 12:46pmRead More...There’s been more drama from the Bitcoin Cash Split, after a weekend which saw cryptocurrencies tumbling across the board—except for one. Bitcoin Satoshi’s Vision, which forked from Bitcoin Cash last month, was the only green point in a sea of red, and at several points beat...
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Broadcom Beats On Earnings, But The Chart Shows Gains Are Range-Bound
2018 Dec 07, 4:29pmRead More...Summary: Broadcom Inc (NASDAQ: AVGO) traded up 4 percent on Friday morning on news of a Q4 earnings beat before pulling back to close the day only 0.6 percent higher. Based on its market cycles, we believe the stock will trade in a near term range, with lingering risk to the downside in the...
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Assessing This Week's Technical Damage To The S&P 500 Chart
2018 Dec 07, 4:22pmRead More...Another volatile week of trading once again has traders worried about a potential U.S. recession and the beginning of a bear market for the S&P 500. The index closed Friday at 2,633.08, down 2.3 percent. The SPDR S&P 500 ETF Trust (NYSE: SPY) dropped nearly 3 percent this week, but a look...
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Huawei CFO's Arrest Triggers More Selling, Market Cycles Now Point To Even Greater Risk
2018 Dec 06, 3:30pmRead More...Summary: The S&P 500 fell nearly 3 percent on Thursday morning on news that the CFO of Chinese tech giant Huawei was arrested in Canada at the request of the US government. The index was 1.3 percent lower in the later afternoon session. This will complicate relations...
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Pro: Apple's Chart Shows No Major Trends Are Broken
2018 Dec 06, 1:00pmRead More...Down 25 percent from its all-time highs of $233.47, Apple Inc. (NASDAQ: AAPL) investors could find comfort from three encouraging developments, according to Mark Newton, president and technical analyst at Newton Advisors. What To Know The risk-reward profile for Apple's stock is favorable at...
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GameStop Shares Drop On Weak Sales, And The Chart Shows More Weakness Ahead
2018 Nov 30, 3:37pmRead More...Summary: GameStop Corp. (NYSE: GME) traded 12% lower shortly after Friday's opening bell after fiscal 2018 sales down 2-6 percent. Shares has recovered somewhat and were trading about 7 percent lower in the late-afternoon session. Our view is that GameStop has more time to decline,...
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Salesforce Soars Over 10% On Q3 Earnings, But The Chart Shows Resistance Approaching
2018 Nov 28, 4:00pmRead More...Summary: Salesforce.com, Inc. (NYSE: CRM) soared on Wednesday, trading over 10 percent higher after posting earnings that beat Wall Street expectations. Our view is that it is likely to trade into its resistance zone, followed by a period of decline. Salesforce.com Stock Weekly Chart...
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Sprit Airlines Pops 15%, And Market Cycles Point Even Higher
2018 Nov 27, 3:02pmRead More...Spirit Airlines Incorporated (NYSE: SAVE) traded over 15 percent higher on Tuesday after raising its guidance for fourth quarter revenue per seat mile. Given that it recently started a new market cycle, we see more upside for this stock. Spirit Airlines Stock Weekly Chart...
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Citron Turns Bullish On Nvidia, But Technicals Still Look Ugly
2018 Nov 20, 1:42pmRead More...It has been a bloodbath for U.S. tech stocks in the past couple of months, and semiconductor giant NVIDIA Corporation (NASDAQ: NVDA) is no exception. However, Nvidia investors received some welcomed relief from the selling pressure Tuesday after high-profile Nvidia bear Citron’s Andrew Left...
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As The SEC Surprises, Watch Bitcoin Aim For New Support
2018 Nov 19, 1:07pmRead More...Last Friday the SEC announced enforcement against startup companies Paragon and AirFox, for the ICO of their coins, PRG and AirToken (AIR) claiming they conducted unregistered sales of securities. These projects could be the low-hanging fruit. We know more are in their sights, including SALT and ex...
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Nvidia Gets Burned On Earnings: This Chart Shows More Pain Ahead
2018 Nov 16, 2:50pmRead More...Summary: NVIDIA Corporation (NASDAQ: NVDA) took a beating on Friday, trading 19 percent in the afternoon session. The devastation came after the company posted mixed earnings, as well as guidance that missed Wall Street expectations. However, we expect a bounce in early December, after the stock...
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Cisco Rises 5% On A Strong Q1: This Chart Shoes More Room To Run
2018 Nov 15, 3:39pmRead More...Summary: Cisco Systems, Inc. (NASDAQ: CSCO) traded 6 p higher on Thursday. The company posting earnings that beat Wall Street expectations for revenue and earnings, demonstrating it was continuing to deliver on its “software as a service” business model. Given its positive...
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Alibaba Pops 3% On Trade Optimism, And This Chart Shows More Room To Rise (Before It Fails)
2018 Nov 13, 3:13pmRead More...Alibaba Group Holding Ltd (NASDAQ: BABA) traded 3 percent higher on Tuesday. This move is based in part upon news reports that the U.S. and China have resumed preliminary trade talks. U.S. Treasury Secretary Steve Mnuchin and Chinese Vice Premier Liu He have started preparation for their...
