Shares of Facebook $FB broke past the high since the gap lower in late July at 2454 and now some people are considering buying the “breakout” Before putting your money at risk as these two questions. 1- Where has the stock come from? FB has rallied from a low of 18.87 to an intraday high … Read More
Markets were quite volatile this week and despite dire economic headlines (only price pays) the action overall was fairly constructive. The prior support just above along with the declining 50 day moving averages still give us reason not to trust that the worst is behind us, but things are becoming more neutral. The video below … Read More
I don’t feel like writing a summary of the video below but I think it is a good one with a look at $SPY $QQQ $IWM $XLF $SMH $AAPL $FB levels of potential support, fibonacci, vwap, etc. Have a good weekend!