Below you can see the original post for ORLY’s technical set-up on May 6th, 2017; and the current market as of July 24th, 2017. The significant technical break around the $227 level occurred; and a low of $170 (+25%) was reached. While we had identified the $227 level as one of significance, there were also […]
“FANG & NOSH” COMPONENT, O’REILLY AUTOMOTIVE PLUMMETS –SOURCE: 07-05-17 ZeroHedge — “O’Reilly Automotive Plummets On Disappointing Sales; Mild Winter, Low Hispanic Spending Blamed” — O’Reilly Automotive stock crashed as much as 21% on 7 times its average daily volume, its biggest drop since June 2012 dragging the share price to the lowest since October 2014, […]
SII: FANGS – BEING “DE-FANGED” FOR A “QUADRUPLE WITCH” CONSOLIDATION As we moved towards the June 16th Quadruple Options Witch we have carefully followed our SII: FANGS. Between the Friday June 9th “Mini Flash Crash” and the subsequent 61.8% retracement through Wednesday June 14th we could see the possibilities of a clear ABC consolidation pattern […]
SII FANGS: THERE IS LITTLE DOUBT IT IS SOLELY ABOUT GLOBAL LIQUIDITY FLOWS The “big 5” tech stocks, have an uncanny correlation with the size of the consolidated central bank balance sheet.
BREADTH HAS COLLAPSED – 10 COMPANIES ACCOUNT FOR 46% OF S&P 2017 RETURNS –SOURCE: 05-11-17 ZeroHedge – “Just These Ten Companies Account For Half % Of The S&P’s 2017 Returns” — Two weeks ago – as of April 28 – we presented readers with a striking statistic from Goldman Sachs, showing just how much breadth […]
ORLY had a strong lift through 2015 that topped out in the summer of 2016. The first signs of weakness can be seen in the summer of 2016, where the market first broke the trend from the end of 2015. The subsequent bounce, lift to new highs, and then the fall off since Jun 2016, […]
AAPL,FB,AMZN,GOOGL,MSFT OF 2500 NASDAQ STOCKS ACCOUNT FOR 45% OF GAINS — SOURCE 04-24-17 ZeroHedge – “0.2% Of Nasdaq Companies Accounted For 45% Of Its Recent Gains” — Just five of the more than 2,500 companies in the Nasdaq Composite Index are largely responsible for Tuesday’s first-ever close above 6,000. The big five are Apple Inc., […]
Last spring we gave some potential technical entry considerations for the FANG & NOSH stocks. Below is the watch list given showing the Long & Short considerations, the current price as of this post, and the return that could have resulted. Note that all the markets are currently off their 52 week highs and even […]
FACEBOOK AT CRITICAL SUPPORT – NEEDS TO FIND FIRMER SUPPORT – TREND CHANNEL SUPPORT AT $104
A Near Term Trading Opportunity in the World’s Most Crowded Trade? The world’s largest, most active overweight crowded trade is in Amazon.com stock At 175x P/E what could go wrong? – An Overall Post TRUMP Rally / YB Consolidation / Correction?? Ending Diagonals Are usually dependable trading patterns. They aren’t unusual. What is unusual is one […]
