lonehand
9 posts
msg #136318
- Ignore lonehand |
6/12/2017 12:30:00 PM
Based purely on chart technical analysis the only thing that could of warned of a possible breakdown in the qqqs was a trend line break that happened inter day. Which would not help a person on the daily. When an instrument is at all time highs and support is too far away a volatility stop should be considered. AAPL specifically had a possible double top pattern (or rectangle break). Of coarse AAPL has invalidated numerous double top patterns on this current run and one would be a fool to use the pattern as an entry signal, but as a risk tool it could be useful. The pivot low on june 1st could be used as a stop or the low on may 17. On weekly chart AAPL has minor support right here at 144ish and major support at 132 ish.
|
Mactheriverrat
3,157 posts
msg #136319
- Ignore Mactheriverrat
modified |
6/12/2017 1:58:11 PM
These mini crash's are just another game that's played in the market- Non-stop record high's week after week and markets start having a mini crash's in some of the high playing stocks.
NVDA seems to be holding its own today but time will tell.
Other stocks are doing just fine off of Friday's another push up on up trending stocks- IMHO!
spwh,atw,rcii,wrd
Looking at them is Candle and line on the charts mode.
|
karennma
8,057 posts
msg #136320
- Ignore karennma |
6/12/2017 4:00:53 PM
FANGs bought into the close.
|
gmg733
788 posts
msg #136324
- Ignore gmg733 |
6/12/2017 11:21:56 PM
Opex week. FANGs may rally and then we'll see what happens next week.
|
johnpaulca
12,036 posts
msg #136326
- Ignore johnpaulca |
6/13/2017 9:12:26 AM
FANG....trend is down, any bounce(like yesterday) will draw out sellers.
/CL.....trend still down, still no bounce signal as yet
-should see some oversold bounce on the big 5 (AAPL, NFLX, FB, TSLA, AMZN)...pick your poison!!
|
enterprise63
3 posts
msg #136327
- Ignore enterprise63 |
6/13/2017 9:50:20 AM
Interesting technical analysis by Serge Berger:
http://investorplace.com/2017/06/apple-inc-aapl-stock-fall/?sid=MP9841&cp=OZDT&ct=20170612&cc=eletter&en=243420&cpp=OZDT&enn=243420#.WT_o7-uGPIU
|
karennma
8,057 posts
msg #136328
- Ignore karennma |
6/13/2017 11:02:01 AM
johnpaulca
10,674 posts
msg #136326
- Ignore johnpaulca 6/13/2017 9:12:26 AM
FANG....trend is down, any bounce(like yesterday) will draw out sellers.
====================================
Yes, I think so. Will get out when I can.
|
karennma
8,057 posts
msg #136329
- Ignore karennma |
6/13/2017 11:05:32 AM
Nothing worse than buying a dead cat bounce.
|
karennma
8,057 posts
msg #136330
- Ignore karennma |
6/13/2017 11:14:07 AM
I'll lose $$ on my calls ... ALL of it.
|
pthomas215
1,251 posts
msg #136331
- Ignore pthomas215 |
6/13/2017 11:27:52 AM
I do think it is a dead cat bounce. I hate cats as it is actually. SnP has been trying to bust above 2438 for the past week+ and it wont. Interesting. This is what happened 3 weeks ago when the SnP just would not bust 2400...tried...then dropped vigorously to 2360 in a day.
|