Month: February 2020
800 Pound Gorilla Big Punch
02/24 One big punch from 800 Pound Gorilla hit global market today with more than 800 points drop in Dow Jones. Major indexes lost more than -3%. Fears on Corona virus widespread to South Korea, Japan...
Shining Gold Miners
Gold miners ETF (GDX) Ideal cup with handle setup that is ready to fly after crossing 30-31 lines. This is the final call to get in gold, gold miners or precious metal.
Gilead Sciences Inc for Corona virus
02/21 Corona virus began China about 1-2 months ago. But its fatal attack already spread to worldwide as of now. Not only China is in big trouble to fight this most deadly disease, but whole world str...
Another Sell-off Today
Top-out signal appears again today without significant news. Dow lost -270 points at this moment with Nasdaq drop -1.4% at this moment. It is time to scale back and prepare for even stronger sell-off ...
S&P Rising Wedge Pattern
02/20 Short rising wedge pattern finishes today with potential doji reversal. This is the second try after broken uptrend channel late January. Please note that short pattern after extended rally mean...
Gold is shining
When stock market suffers, commodity in gold and silver is ready to shine. There are three factors that boost precious metal today.
Another Sell-off Today
Today is another sell-off. China Coronavirus began to impact economy. Not only China suffers, global economy dependence on China supply chain is expected to sink together with China in large scale.
Apple Breakdown
Apple Inc (AAPL) issues warning on potential trouble on IPhone production due to China Coronavirus. Its first gap-down breakdown terminates its uptrend and the gap forms heavy resistance. Although AAP...
Roku bearish reversal
Roku Inc (ROKU), a streaming company, encountered heavy selling after earning report last week. Slashing through 50 day-moving-average with a engulfing pattern is bearish enough. Outlook seems to be i...