Market breadth is getting very oversold again: can we expect another bounce or a meaningful rally soon?

Six weeks ago we observed market breadth (simple put the difference between the number of stocks advancing or declining on any given day; i.e. market breadth is negative when more stocks decline then advance and vice versa) was getting very oversold and forecasted either a bounce followed by lower prices or a meaningful rally was to…

Is AMZN toast?

AMZN missed on earnings yesterday and fell out of bed today. Not a problem for us as we already sold 3 days ago! 🙂 Why? Because we already projected these price targets weeks ago to our members! Just like we did with AAPL this week: no real surprise here. That’s the power of what we…

Is one more fractal forming on the S&P500?

When we study the hourly chart of the S&P500 in detail we can’t help but notice that two similar patterns, aka fractals, formed off the SPX2194 high. The first is a similar decline, we’ll call fractal 1. The blue and red lines in the price chart follow price’s highs and lows, and when we then…

AAPL on target to low $100s

On Monday we posted on our facebook page, see here, that AAPL would most likely drop on earnings and target low $100s. True to form it did 🙂 That’s the power of combining several forms of technical analyses and not use opinion. Pure price action & fact-based is what works. What’s next!?  We see no…

Does The Market Have Only Two Options Now?

In early July, when the NASDAQ was at around $4800, we already forecasted it would target $5300-$5400. And we have remained that target since. See for example our posts on Investing.com here and here. Over the past three weeks the NAZ hit the low-$5340s twice. Not too shabby of a intermediate term forecast dare we say. That’s what…