Month: March 2020
Questionable Rebound Effort
03/20 Yesterday rebound from China and European countries are questionable whether it can change the direction of global decline. Corona virus outbreak caused California to pause almost all activities...
Nasdaq Next Target 6185-6400
03/20 Nasdaq next downside target is 6185 or 6185-6400 zone for rebound and support at weekly long term view. Since bear markets started on 02/25/2020, potential bottom for this bear markets might be ...
Oversold and Overbought
03/19 Obviously, markets need to balance out overbought in consumer staples and healthcare and oversold in energy and consumer discretionary. Overall condition is still weak. There were many actions f...
Watch Out Dow 18000 Rebound / Support Level
03/18 Dow Jones began its free-fall journey since 02/24 for the 4th week with -32% drop. It is time to arrive multi-year rebound or support level: 18000. This level was 6-year rally top (2009-2015) an...
Markets Keep Plummeting
03/18 Stock markets, oil and commodities keep plummeting in fast speed that trigger circuit breaker of -7% about 30 minutes ago. There is no technical support after S&P crossed down 2350. So, next...
Kroger (KR) Provide Food People Need
03/17 Kroger (KR +9%) follows through its breakout pattern for uptrend. 37 Billion market cap processed food provider is definitely a winner when corona virus spreading out US and around the world. It...
Healthcare and Consumer Staples Sector Leadership
03/17 It should be easy to see from Index Map that healthcare and consumer staples take leadership roles while markets rebound mildly today. In Dow Jones index, Healthcare care includes JNJ +5%, PFE +...
Another Record Sell-off DJIA -3000 points Since 1987
03/16 Corona virus spreads risk to all over the world and to all human beings. It is not getting better but getting worse everyday. DJIA sliced through -3000 points or -32% within 3-4 weeks is not a s...
Even Worst Case Scenario Dow 18000
03/16 If Dow cannot hold at current level around 21,000 level, next support line is at 18000 which is multi-year pattern support for the worst case scenario.